Course Details

Training on Project Appraisal: Financial and Economic Factors

INTRODUCTION

This Project Appraisal: Financial and Economic Factors training course aimed to equip the participants with modern and sophisticated tools and techniques. They will acquire essential skills to value investment opportunities using various techniques, source of funds available to the firms at different stages, techniques for risk assessment and measurements, and sufficient cash flow management.

Making effective and sound investment decision is critical in a contemporary business environment. In a competitive economy, financial decisions play important roles in achieving organisations goals and contributing to the economic growth. Decision making process requires skills to effectively assess organisation’s capabilities and opportunities using various methods. Organisations are constantly facing very dynamic and volatile market conditions that requires effective and thorough skills when making decision is such environment.

Choosing the appropriate technique in making financial decisions is challenging in today’s economic climate due to rapid changes in organisations’ risks. The most comprehensive tools in assessing investment opportunities include: Net Present Values (NPV), Internal Rate of Returns (IRR), Payback rule and Option valuation.

DURATION

5 Days

TARGET AUDIENCE

This "Project Appraisal: Financial and Economic Factors" training course is a suitably wide range of professionals but will significantly benefit: 

• Financial Analyst
• Financial Managers
• Risk and Return Analysts
• Financial Planner Specialists
• Financial Risk Assessment Specialists
• Merger and Acquisitions Specialists
• Managers and those with financial responsibilities
• Financial Decision-makers, whose techniques of decision making, and analysis will be improved through attendance
• Professionals acting upon the financial decisions of others, who will gain an appreciation for decision making thereby ensuring shared values within the organisation
• Managers involved in planning, risk assessments and decision making

OBJECTIVES

The training will enable participants to;

• Use different techniques to evaluate investment performance
• Improve management skills and increase their value to the organization
• Understand and use analytical tools and techniques using real-world examples
• Make (and/or) contribute to strategic financial decisions and risk assessments
• Understanding the implication of inflations to business decisions

COURSE OUTLINE

Source of Finance

• Potential Funding Sources
• Financing Options:
• Long Term Source of Finance
• Short Term Source of Finance
• Evaluation of the Types of Finance
• Equity Finance
• Debt Finance
• Hybrid Finance
• The Cost of Weighted Average Cost of Capital (WACC)
• Capital Asset Pricing Model (CAPM)
• Measures of Risks

DAY 2

Investment Decisions

• The Most Appropriate Valuation Techniques for Different Economic Sectors
• Applying Time-adjusted Measures
• Social Cost-benefit Analysis in Project Appraisal
• Net Present Value (NPV), Internal Rate of Return (IRR) and Payback Method
• Decision-making using NPV
• Modified Internal Rate of Return (MIRR)
• Integration of Financial, Economic and Social Appraisals to Investment Decisions
• Impact of Inflation on Financial Viability and Risks
• Foreign Exchange Risks
• Financial and Economic Analysis for Selecting a High-quality Project
• Sensitivity Analysis, Scenario Analysis and Simulation

DAY 3

Managing, Controlling and Modelling Cash flow

• Development of the Cash Flow Statement
• Cash vs. Profit
• The Cash Conversion Cycle
• Calculating and Managing the Cash Flow Cycle
• Cash Flow Ratios
• Working Capital Ratios
• The Cost of Maintaining Working Capital
• Maintaining the Optimum Level of Working Capital
• Preparing a Monthly Cash Flow Forecast

DAY 4

The Challenge of Financial Economic Decision-Making

• The Practice of Financial / Economic Analysis
• The Value-creating Company
• Corporate Value and Shareholder Value
• A Dynamic Perspective of Business
• The Agency Problem and Corporate Governance
• What information and data to use?
• The Nature of Financial Statements
• The Context of Financial Analysis and Decision-making

DAY 5

Revisit the Key Concepts in Decision Making

• Course Summary and Checklists
• Cash Budgets & Capital Budgets Reviewed
• Financial Skills and Further Development
• Re-visit Cash Flow Management
• Key Challenges in Decision making

CERTIFICATION

• Upon successful completion of this training, participants will be issued with Macskills Training and Development Institute Certificate

TRAINING VENUE

• Training will be held at Macskills Training Centre. We also tailor make the training upon request at different locations across the world.

AIRPORT PICK UP AND ACCOMMONDATION

• Airport pick up and accommodation is arranged upon request

TERMS OF PAYMENT

• Payment should be made to Macskills Development Institute bank account before the start of the training and receipts sent to info@macskillsdevelopment.com