This course will support private firms in developing their initial frameworks of financial management and control. This by – Provide a cascaded and stackable development trajectory that goes from broad to specific, ecomposing from company to function to activity, resulting in immediately implementable tools for financial anagement, cash management, and management control.
M1: FINANCIAL MANAGEMENT:
T1: INTRODUCTION: Viewing the business through the financial statements
T2: PROFITABILITY, GROWTH, AND SUSTAINABILITY: measurement & drivers of value-creating, sustainable growth
T3: CASH FLOWS AND LIQUIDITY: statement of cash flow, free cash flow, and liquidity measures
M2: TREASURY MANAGEMENT
T1: CASH IS QUEEN - How much cash should I hold? (forecasting)
T2: CASH SUBSTITUTES - How can I affect the level of cash? (CCC, discounting, credit lines)
T3: SCENARIO PLANNING - Up or Out? (Cash burn and exit strategies)
M3: MANAGEMENT CONTROL
T1: CONTROL DOMAIN - Control as implementation and enabling (performance template)
T2: CONVENTIONAL CONTROL - Financial control (resp. centers, KPIs, budgets)
T3: CONTEMPORARY CONTROL - Collaboration & interactive controls (activity metrics)
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