Main information
- Thirteen, two-hour sessions, twice a week
- Location: By video-conference (with shared screen) on Teams
- Maximum 10 participants
- Upcoming dates:
Length: 26 hours
Cost: €3,000 (excl. VAT) per participant
Topics
- Finance for non-financial directors
- How to conduct a financial analysis
- How to finance growth
- How to perform a successful acquisition
Target skills and objectives
- An opportunity for discussion: reflecting together, building together
- Format: PowerPoint presentation, with timed breaks for brainstorming
- Instilling a culture of financial management, equity transactions and growth financing
- Seizing opportunities in times of crisis
Audience and required qualifications
- Audience: Directors, company heads
- Required qualifications: None
Training methods
- In addition to theory, our training courses are interspersed with practice scenarios, brainstorming sessions and real-life examples
- Active participation by all attendees is strongly encouraged
- Training materials are provided to all participants
Course breakdown
Presentation 1: 2h – General overview and presentation of balance sheet
- Why we need finance skills
- What a balance sheet can teach us
Practice scenario: preparing and reading a balance sheet, calculating gross & net non-current assets, shareholders’ equity and liabilities, preparing comments on the results
Presentation 2: 2h – Income statement
- How to build an income statement
- Intermediate income statement balances
- Income statement profitability
Practice scenario: preparing and understanding an income statement, recalculating the balance sheet and income statement in case of the sale of tangible assets
Presentation 3: 2h – Net Financial Debt, Working Capital Requirement, Cashflow from operating activities, Cashflow Statement
- Net Financial Debt (NFD)
- Working Capital Requirement (WCR)
- Cash flow from operating activities (CF)
- Cash flow Statement (CFS)
Practice scenario: calculating cash flow from operating activities
Multi-choice questionnaire
Presentation 4 – 2h – Free Cash Flow
- Free cash flow: breakdown
- Capex (industrial investments)
- Opex (operating expenses)
Practice scenario
Presentation 5: 2h – Wealth creation mechanisms
- Break-even point
- Return on Capital Employed (ROCE)
- Return on Equity (ROE)
- Net Present Value (NPV) and internal rate of return (IRR)
Practice scenario
Presentation 6 – 2h – The cost of growth financing
- Cost of capital
- Various financing sources and their cost
- Questions to ask when preparing a finance plan
Practice scenario
Presentation 7: 2h – Types of growth financing
- Equity or quasi-equity financing
- Debt financing
- LBOs
Practice scenario: LBO
Presentation 8: 2h – The acquisition process
- Presentation of the various stages
- Presentation of the risks
- Example of a successful build-up strategy
Practice scenario: defining strategy and using it to profile the ideal target company
Presentation 9 – Introduction to business valuation
- Enterprise value and share value
- Main valuation methods
Practice scenario
Presentation 10: 2h – Analysing and ranking acquisition opportunities
- Selection of three potential targets and identification of a business case
- Detailed study of the three chosen targets
- Analysis and ranking of the three targets in accordance with the decision matrix for the ideal target
Practice scenario
Presentation 11: 2h – Preliminary analysis of a target’s business and how it fits with the acquiring company
- How to perform a financial analysis of the chosen target
- Analysing the strategic and operational challenges of an acquisition
- Estimating the synergies created by an acquisition
Practice scenario
Presentation 12: 2h – Acquisition execution phase
- Letter of intent, pre-agreement of a planned business acquisition
- Guarantees
- Shareholders’ agreement
- Memorandum of understanding
Practice scenario: what to include in a letter of intent
Presentation 13: 2h – Post-acquisition integration: the first 100 days
- Work required
- Main difficulties
- Key success factors
Practice scenario: anticipating integration issues
Monitoring and certification
- An attendance sheet must be signed by the participant and the trainer for each half-day of training
- Practice scenarios will be corrected in conjunction with the trainer
- Each participant will receive a training certificate