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Silabus financial analysis rev 1 (18 11-2015)

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Venue : Hotel at Jakarta Pusat
Contact email : futurumcorfinan@gmail.com
Presentation slides will be distributed in softcopy
Minimum participants = 10 persons
After the training, participants can still discuss about the training materials via email

Published in: Economy & Finance
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Silabus financial analysis rev 1 (18 11-2015)

  1. 1. FINANCIAL ANALYSIS DELIVERED WITH EXCEL EXAMPLES JOIN OUR 2-DAY INTENSIVE TRAINING AND FIND OUT HOW MUCH YOU COULD ADD YOUR UNDERSTANDING ON HOW TO ANALYZE THE FINANCIALS OF A BUSINESS EVEN IF YOU DO NOT HAVE A FINANCE BACKGROUND COZ’ FINANCE SENSE IS ABOUT LOGIC….. WE WILL NOT BRING YOU TOO MUCH ON UNDERSTANDING STANDARD FINANCIAL STATEMENTS ANALYSIS RATIOS….PROBABLY TOO BORING FOR YOU….
  2. 2. Feel a Different Kind of Training With Us We will not bore you by just talking in front of class for two days full This training will be delivered approx. 50% by illustrative examples using MS Excel (2010/2013) AND involving you with many discussions and Qs-&-As Burberry 2014 (in million euro) Shareholders Equity 1,195 Net Debt 385 Short Term Financial Investment Yield 0.1% Tax Rate 26% Operating Profit 463 ROCE 42% ROE 28.5% ROCE = 463 × (1−26%)/ (1195−385) = 42% ROE = (463+ 0.1% × 385) × (1 − 26% ) / 1195 = 42% − (42% − 0.1%) × −385 / 1195 = 28.5%
  3. 3. Accounting View Financial Statement Analysis Financial Ratio Analysis Planning/Forecast There is NO FINANCE in Financial Planning Models ROCE > WACC Residual Income Economic Profit EVA SVA Just ONE Period NO : Time Value of Money Size of Cash flow Risk/Cost of Capital Is NOT Operational Value Based Management • Break The Value Drivers • NPV (+) DCF VALUATION ROCE ROE No Value FIRST we want to warn you that this training is not about financial ratio analysis! (as we are not Accountants) BUT how to identify whether your company creates value, even from the company’s borrowing….
  4. 4. The Changing Emphasis in Corporate Performance Measures….yet still how to identify value- creating decisions in your business
  5. 5. Four BIG Topics You Will Get From This Training 1. Value Maximization and Corporate Objectives 2. Financial Statements Analysis: Where are the Problems? 3. Financial Analysis: A Bridge for Measuring Value 4. Illustrative Examples: Value-Creating Analysis
  6. 6. 1. Value Maximization and Corporate Objectives WHY focus on Value ? BECAUSE All decisions in business should lead to value creation in a cash flow context
  7. 7. 2. Financial Statements Analysis: Where are the Problems?  Analysis to answer if earnings = value added?  A quick look on standardized financial statements : common size and ratio analysis. Everybody can do this…..  Why financial statements analysis IS NOT FINANCIAL ANALYSIS? Because there is NO identification, timing, and risk of cash flows in the financial statements analysis.  Everybody says that TIME IS MONEY but where is “time value of money” in the financial statements analysis? THE BIG TOPICS • Role of accounting to measure value • Is doing financial statement analysis enough to get value? • Shortcomings with financial statements analysis
  8. 8. 3. Financial Analysis: A Bridge for Measuring Value THE BIG TOPICS • Margin Analysis : Structure Analysis & Risk • Working Capital and Capital Expenditures Analysis • Financing Analysis • Profitability Analysis  Watch out “Scissors’ Effects” in your margin analysis!  Do you know that there are 3 types of break-even point (BEP) analysis? (i) operating BEP, (ii) financial BEP, and (iii) total BEP  Trust working capital ratio: Why Not?  Capex analysis : it takes money to make money!  Help your banker’s job : A quick look on assessing the company’s ability to service its debts, and is the company running illiquidity risk?  Decompose the company’s ROCE and ROE to analyze the financial leverage effect in your company. We see more later
  9. 9. 4. Illustrative Examples: Value-Creating Analysis  What is the logic of NPV? Having positive NPV is like having positive CASH VALUE today? Why?  Why you should NOT USE Return on Investment (ROI) in your project analysis? ROI shows uptrend but the firm value does not change?  If not ROI, then what alternative of investment return measure that we could use?  The company’s sales growth might not create value for the company. How to identify this?  The company’s sales growth is not sustainable, how do you know this?  How to have a quick analysis that the company’s business is ready for getting debt?  Why debt is good and not good for the company’s shareholders? How to analyze the increase in the company’s risk with debt borrowing? All about Value Analysis  Introduction to Shareholder Value Added (SVA) Analysis in (i) valuing alternative business opportunities and (ii) in valuing interdivisional strategies  Introduction to Market Value Added (MVA) Analysis in comparing two alternatives, which are creating higher value to the company?  Introduction to Economic Value Added (EVA) and CFROI Analysis in evaluating a firm’s existing projects
  10. 10. Training Desktop  Date : please check it at “FUTURUM CORFINAN” website  Venue : Hotel at Jakarta Pusat  Notes :  Presentation slides will be distributed in .pdf file  Bring your laptop to the class with MS Office standard applications  Post-training discussions with the trainers via website about the training materials  Visit our website and training testimonials : google “Futurum Corfinan Training Testimonials”  Contact email : futurumcorfinan@gmail.com, mputrawal@futurumcorfinan.com sukarnen.suwanto@futurumcorfinan.com
  11. 11. Train Your Employees! By now, we’ve probably all heard the classic HR executives’ exchange — Colleague #1: “What if we pay to train our people and they leave?” Colleague #2: “Right, but what if we DON’T train them and they NEVER leave?!?” We can all agree that the latter scenario is worse.

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