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Program Agenda:
Day One
The International Business Environment
This section provides an overview of the strategic, tactical, and operational aspects of today's global business entity. During this session, participants develop their specific learning objectives for the program, and gain an understanding of the benefits and limitations of budgeting.
Financial Reporting and the Fixed Asset Accounting System
Many of today's companies have operations in both the U.S. and Off Shore. Being able to account for fixed assets in multiple currencies, and using both GAAP and international accounting regulations is a challenge that is rapidly becoming the norm. In this section, you will learn how to understand and apply various accounting concepts and their nature and purpose, different accounting considerations and depreciation methods.
International Tax Reporting Issues
Fixed assets represents significant federal tax concerns which, if not handled properly from the start, can result in substantial costs and liabilities to the organization. In this section, you will learn the key concepts of minimizing the tax liabilities associated with asset classification, alternative depreciation methodologies, depreciation conventions, and asset acquisition and disposition considerations.
Fixed Asset Acquisition, Divestiture and Inventory Considerations
It is difficult to maximize your investment in fixed assets if you can't find them! This section provides a structured methodology to ensure that the asset management systems will capture them when they arrive, placed them in the location in which they will be used, and provide timely reporting of their disposal. You will discuss options for tagging assets, conducting inventories, and accounting for dispositions, including federal tax implications.
Asset Acquisition and Financing Decisions
Understand what drives the Cost of Capital is a critical component of the asset acquisition and financing decision tree. Knowing what, when and how to finance assets is a critical as knowing which asset to purchase. In this section, you will learn how to develop the decisin models to support acquisition and financing decisions.
Day Two
Creating Shareholder Value
Corporations are formed to make someone wealthy. Gordon Gecko. In the movie "Wallstreet" said ???Greed is good.' This section gives you an in-depth understanding of the organization from the shareholders' perspective. You will learn how to, using Excel??, apply the Capital Asset Pricing Model, to calculate the Shareholder Value Added, and the organization's Weighed Average Cost of Capital, and determine the company's position in "The Tube."
The Time Value of Money
This section provides a key understanding of the impact time has on the value of money. You will see, using Excel??, how the cost of capital has an impact on the benefit of cash flows in future periods. This is a critical component of understanding the long-term benefit of investments in such operations as plant operations, R&D, and acquisitions.
Day Three
Evaluating Capital Project Proposals
Capital investment is the lifeblood of the organization. The tools and techniques you learn in this section will enable you to decide which capital projects can add economic value to the organization, and how they can be funded. Using Excel??, you will learn how to project Net Present Value, Internal Rate of Return, Modified Internal Rate of Return, and the Discounted Payback Period of any capital project.
Evaluating the Leasing Option
Leasing is an excellent alternative to the purchase of corporate resources and assets. However, it is not for everyone. In this section, you will learn how to evaluate the Lease V. Purchase alternatives, and understand the tax implications of leasing. Also, you will explore the benefits and drawbacks of operating and capital leases, and the effects of leasing as they relate to FAS 13, 91, and 98.
Evaluating Acquisitions
Acquisitions provide the company strategic options for growth, market penetration, new product development, expansion of market share, and elimination of competition. Also, a good acquisition can be bad if the integration of the acquired company is poorly managed. This section will give you the tools, combined with the skills previously presented in this program, to evaluate viable candidates for acquisition, determine a "Fair Price," and avoid antitrust issues. Also, you will learn the keys to rapid integration and how to perform a post-acquisition evaluation.
Risk-Range Estimation - The Integration of Monte Carlo Theory in Financial Projections
The future is unpredictable. Monte Carlo theory is a great tool to project the potential of a financial projection being achieved. Using Excel??, and applications such as Crystal Ball?? and @Risk??, you will learn how to build sensitivity analysis into you budgets, acquisition models, and forecasts.< |
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