Financial Analysis and Forecasting - Module II

Bucharest 30 September 2019 - 01 October 2019

Trainer: Laura Obreja Brașoveanu

Details

The financial analysis provides the tools and techniques to analyze the financial statements in order to make a financial diagnosis of the company's profitability and risk, according to which the strengths and weaknesses of the management can be formulated. Thus, it can be substantiate the strategies for maintaining and developing the company.
The financial forecast provides the specific tools and techniques to predict the company's financial statements, depending on the planning and financial strategy (related to its investment, financing and working capital policies).
The objective of the program is to transfer the theoretical knowledge in a quick and practical way through case studies, developing the skills of non-bank and business finance specialists.

Target group

Directors, financial analysts or auditors of insurance companies, pension funds, portfolio analysts in the SSIFs, SAI, CFOs of private companies of any size.

Course objectives

At the end of the program, the participants will have the skills to:
• Analyze the environment specific to financial management
• Calculate and interpret financial balance indicators on the basis of the balance sheet
• Calculate and interpret financial performance indicators based on the profit and loss account
• Calculate and interpret treasury flows
• Assess the company's financial performance,
• Assess the financial risk of the company,
• Identify the stages of the financial forecast;
• Select financial forecasting techniques
• Develop a sales forecast
• Identifies realistic forecasting assumptions
• Build the forecasted financial statements
• Analyze and interpret the financial forecast.

Subjects

5. Financial analysis of profitability
• Analysis of the efficiency of the operational activity;
• Analysis of resource efficiency;
• Cash conversion cycle;
• Analysis of return on invested capital;
• Analysis of the dividend / reinvestment policy;
• Identification of the determinants of performance and correlation between different rates of return (Du Pont model);
• Weighted average cost of capital

6. Financial risk analysis
• Identification of risk factors;
• Quantification of operating risk;
• Identifying the risk of indebtedness and bankruptcy;
• Identification of the determinants of risk and correlations between different rates of return and risk

7. Financial Forecast
• Stages of financial planning;
• Financial prediction techniques;
• Identify the data needed to complete the financial forecast
• Selection of realistic forecasting assumptions;
• Sales forecasts;
• Construction of the forecasted financial statements;
• Analyze and interpret the financial forecast;
• Sensitivity analysis based on certain risk factors.