FINANCE FOR MANAGERS
Price and value of the company
MODULES
EDUCATION GOALS
- Recognise so-called “expert” business appraisal methods
- Understand the various principles used to calculate goodwill
- Value a company using value creation techniques
- Make investment decisions using IRR appraisal techniques
WORD FROM THE AUTHOR
Franck NICOLAS
“A company’s value is not the same as its price. Assessing a business also depends on factors other than financial figures. This course will help you to understand how to estimate company value.
Which strategic factors should be taken into account, and what are the commonly-used expert appraisal techniques?
You will also study company valuation techniques based on value creation. You will learn how to apply IRR-based methods to determine whether an investment is profitable or not.”
Budget Preparation
MODULES
M71 Budget preparation characteristics
1h 
M72 Preparing your budget
35min
M73 Monitoring your budget
25min
M74 Variance analysis of your budget
1h
EDUCATION GOALS
- Understand the budget preparation process
- Distinguish between CAPEX and OPEX
- Analyse variances in order to update your budget
- Interpret a detailed variance breakdown
WORD FROM THE AUTHOR
Pascal GILQUIN, Pascal LANGEVIN
This course will help managers to acquire the rigorous methodology and necessary reflexes for preparing their budgets.
Managers will also learn how to analyse potential variances between budgeted and actual results in order to identify the corrective measures required.
Finance training for managers
MODULES
M111 Finance training for managers : pre-course evaluation
30min
M112 Interpreting financial statements
45min
M113 Changes in cash and income
30min
M114Tools and ratios for analysing efficiency
35min
M115 Performance challenges
55min
M116 Golden rules for sound financial management
25min
M117 Value creation approach
40min
M118 Finance training for managers : post-course evaluation
45min
EDUCATION GOALS
- Read and analyse the financial statements : balance sheet and profit and loss statement
- Realize a financial diagnostic
- Build financial dashboards
- Be able to measure the impact of the financing choices on the financial health of the company
- Dialogue with the bankers
- Get the expectations of the shareholders during raising funds stages
WORD FROM THE AUTHOR
Franck NICOLAS Rémy PALIARD
“Whether you are a manager, an entrepreneur, a project manager or head of a business unit, you may not be expert of business finance.
Yet, every manager has to understand and to deal with the global financial figures of the company. The risk calculation and the financial impact of these decisions are essential to drive the control of its business.
This program will allow you to get the financial approach in your operational decisions, to get methods and means to pilot your business like a financial manager taking into account the criteria of economic return of the company, with the requirements of the funds providers.”
Operational dashboards
MODULES
M141 Dashboard fundamentals
20min
M142 Constructing a dashboard
35min
M143 Dashboards and company strategy
25min
M144 Analysing and using a dashboard
40min
EDUCATION GOALS
- Design and implement a system of dashboards adapted to the specific needs of the business
- Use, analyse and update your dashboards
- Identify the relevant indicators for the different types of dashboard (sales, financial, HR, etc.)
- Monitor your business using an operational dashboard
WORD FROM THE AUTHOR
Gilles BARJHOUX
“A dashboard is not only a performance measurement tool. It is first and foremost a management instrument that helps the manager, and all of his or her team members, to make decisions and to manage risk in times of uncertainty.
I have developed this course to unlock the secrets of the dashboard: from its methodology to its use, not forgetting how to build the dashboard and keep it up to date.
Because “By planning we make better decisions, and by measuring we make better leaders.”
The company’s funds flow statement
MODULES
M211 Funds flow statement
2h
EDUCATION GOALS
- Understand the characteristics and purpose of the funds flow statement
- Understand the concepts of WCR and NWC
- Recognise the different types of cash flows
- Understand the methods for calculating cash flows
- Know how to prepare a funds flow statement under French GAAP (PCG)
- Know how to prepare a cash flow statement in accordance with IAS 7
WORD FROM THE AUTHOR
Michel TERNISIEN
“Analysing a company’s balance sheet and income statement will not provide us with sufficient information to assess the company’s performance. We need the funds flow statement for this.
To really understand this concept, let’s make a comparison with the world of sport, football to be precise. Imagine that I’m a sports commentator and that I need to give a summary of a match that has just finished. I give the final score of the match. This is the balance sheet.
I’m not happy with this information. So I indicate the various goals and when they were scored. This is the income statement.
I’m a bit happier with this information, but not completely. What’s missing? Now I want to understand the strategy behind each goal. This is the funds flow statement.”
Market value of the company
MODULES
M281Most commonly used business valuation approaches
3h
EDUCATION GOALS
- Understand the most commonly used business valuation methods
- Know how to value a company using the multiples approach
- Know how to value a company using the discounted cash flow approach
WORD FROM THE AUTHOR
Michel TERNISIEN
“Appraisers pursue a specific objective: to use a range of different approaches to calculate a value for the company assigned to them for appraisal. At the end of their work, they propose an estimate of the company’s “market value”. This estimate will serve as a starting point for discussions be tween the seller and buyer.”