NUS Extension

Professional & Management



Anyone whose responsibility involves evaluating a company or business from one or more of the three points of view – bankers, financial analysts, corporate planners, corporate executives involved in buying and/or selling companies and businesses, business unit managers, finance managers, etc.

This is an intermediate course in finance. Participants are expected to have at least a basic familiarity with the principles of accounting and the three key financial statements – income statement (profit and loss account), balance sheet and cash flow statement.




3 Days


Click on the selected date to apply now or download registration form to apply later.

Intake 01
12 - 14 Aug 09

Intake 02
28 - 30 Oct 09
(Class is cancelled)

Intake 03
2 - 4 Dec 09
(Class is cancelled)



S$1,550 (Inclusive of GST)


NUS Extension (#12-01 Park Mall)

 

 


Financial Analysis & Valuation

Learn to evaluate companies and businesses from a financial point of view so as to be able to make better business decisions.

There are basically three points of view to take in the financial evaluation of a company or business:
    • Lender or Creditor: Should we lend or extend credit to this company? On what terms? Will the company be able to pay us when due?
    • Management of the company: How can we increase the value of our company? Should we invest in this project or make this capital expenditure? Should we undertake this merger or make this acquisition? If so, on what terms or at what price?
    • Investor: Should I buy, sell or hold this stock? What is an appropriate price to pay for this business I am thinking of acquiring? What is an appropriate price at which to sell this existing business that we have decided to divest?

This seminar looks at the financial evaluation of a company or business from all these three points of view. It provides you with the concepts, analytical tools and hands-on practice that you can help you to make better business decisions when you return to your work place.


Seminar Outline

Objectives of Financial Evaluation
    • The three points of view: lender or creditor; company management; investor
    • Objectives/questions to answer in each case

    Review of the Key Financial Statements
    • Income statement
    • Balance sheet
    • Cash flow statement
    • Notes to the financial statements

    Assessing the Creditworthiness of a Company
    • The key considerations – not just financial
    • Financial considerations - financial ratios (liquidity, efficiency, leverage, profitability ratios)
    • Other considerations – business risk, competitive position, quality and character of management, etc.
    • Sources of comparative information

    Creating Shareholder Value
    • Concept of cost of capital – an opportunity cost
    • Beating the cost of capital as a core concept of economic value creation
    • Measures of economic value creation: adjusted accounting measures (economic profit), discounted cash flow measures
    • Drivers of economic value creation, ways to increase shareholder value


How You Will Benefit

    • Learn how to assess the creditworthiness of a company for lending or credit decisions
    • Understand what drives value creation in a company and what can be done to increase the value of a company
    • Learn how to evaluate and select capital projects for implementation
    • Know what to look for in determining a business’ value
    • Take away a step-by-step approach for undertaking a discounted cash flow valuation of a company
    • Understand how to assess synergy value in an M&A situation
    • Understand how other valuation approaches can support a discounted cash flow valuation



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