Pour les demandes entreprises : (+33) 970 466 303
Pour les demandes particuliers : (+33) 180 272 016
Pour les demandes entreprises : (+33) 970 466 303
Pour les demandes particuliers : (+33) 180 272 016
The Advanced Financial Statements Analysis training program provides participants with advanced skills in dissecting and understanding financial reports and statements. Through comprehensive instruction, attendees delve into techniques for evaluating financial position, forecasting future performance, and critically assessing the impact of accounting policies on financial metrics. The course equips participants with the knowledge and tools necessary to make informed decisions regarding capital investment projects and business valuations.
Module 1: Introduction to Advanced Financial Analysis
Understanding the importance of analyzing financial data and its relevance in decision-making.
Identifying the various users of financial information and their needs.
Exploring different sources of financial information, with a focus on published annual reports and accounts.
Examining the purpose, structure, and contents of annual reports and accounts.
Discussing issues related to creative accounting, financial scandals, agency problems, and the role of corporate governance, sustainability, ethics, and corporate social responsibility (CSR) reporting.
Module 2: Financial Statements Analysis
Analyzing the three main financial statements: Income Statement, Balance Sheet, and Statement of Cash Flows.
Using ratio analysis and other techniques to assess financial position and performance.
Conducting profitability analysis and cost-volume-profit (CVP) analysis.
Evaluating efficiency, working capital management, liquidity, short-term solvency, investment, growth, and long-term solvency.
Performing ratio analysis using Excel and utilizing Excel trend analysis for comparability.
Module 3: Advanced Analytical Tools
Utilizing the DuPont System of Ratio Analysis and Pyramids of Ratios for deeper insights.
Conducting segmental analysis and value-added analysis of annual reports and accounts.
Exploring fundamental statistical tools and graphical representations for financial analysis.
Using statistical techniques to analyze and forecast financial data effectively.
Assessing the impact of alternative asset valuation methods on the balance sheet and profitability.
Module 4: Financing, Capital Investment, and Business Valuation
Analyzing the balance sheet to identify financing sources: long-term debt, equity, and short-term financing.
Understanding capital cost models: Cost of Equity using Dividend Growth and Capital Asset Pricing Model (CAPM), and Cost of Debt.
Calculating Weighted Average Cost of Capital (WACC) and exploring optimal capital structure models.
Evaluating capital investment projects using Net Present Value (NPV), Internal Rate of Return (IRR), Modified Internal Rate of Return (MIRR), and Equivalent Annual Cost (EAC).
Exploring business valuation models and the reasons for conducting business valuations.
Module 5: Risk Analysis and Mitigation
Analyzing and predicting corporate failure using models like the Altman Z-score Model.
Understanding different types of risk and uncertainty in financial decision-making.
Conducting risk analysis using expected values, standard deviation, and coefficient of variation.
Exploring sensitivity analysis, simulation, scenario analysis, and break-even analysis techniques.
Discussing systematic risk, unsystematic risk, business risk, and financial risk.
Examining financial risks such as interest rate and foreign currency exchange rate exposures, and strategies for risk mitigation including insurance, hedging, and derivatives.
