ADVANCED FINANCIAL MANAGEMENT

 Role of Senior Financial Adviser in the Multinational Organization: Role and responsibility of senior financial executive/advisor: Financial strategy formulation ( financial impact of the financial manager’s decision), Ethical and governance issues (Strategic, Ethical and Regulatory impact of the financial manager’s decision), Management of international trade and finance (Reasons for international trading, Theory of Comparative Advantage, Trade barriers, Trade agreements and Common markets, Impact of WTO, IMF, World Bank and Central Banks on a multinational organization, Strategic business and financial planning for multinational organizations), Dividend policy in Multinationals and transfer pricing, treasury function in Multinationals-Advantages of Centralisation and Advantages of De-centralisation of treasury activities

Advanced investment appraisal: Discounted cash flow techniques; Application of option pricing theory in investment decisions; Impact of financing on investment decisions and adjusted present values; Valuation and the use of free cash flows; International investment and financing decisions

Acquisitions and Mergers   

Acquisitions and mergers versus other growth Strategies; Valuation for acquisitions and mergers (Book value-plus models, Market based models, cash flow models); Regulatory framework and processes; Financing acquisitions and Mergers

Corporate reconstruction and re-organisation: Corporate Failure-Meaning, causes of financial distress, identifying financial distress, Assessing the risk of corporate failure, Reconstruction of failing companies-Company Voluntary Arrangement (CVA) and administration order, corporate reconstruction of a Solvent company, devising a corporate reconstruction scheme, Assessing the impact of reconstruction scheme

Business re-organisation: Methods-Unbundling companies (Spin-offs or demergers, Sell-offs, Management buyouts, liquidation), Evaluating the benefits of re organisations

Advanced risk management Techniques: Operations of the Derivatives market: Relative advantage and disadvantage of exchange traded versus OTC agreements, Key features such as standard contracts, tick sizes, margin requirements and margin trading, basis risk, Risks such as delta, Gamma, Vega, Rho and Theta; The use of financial derivatives to hedge against forex risk: Forward exchange market and money market hedge, synthetic foreign exchange agreements (SAFEs), Exchange traded currency future contracts, currency swaps, Forex swaps, currency options; The use of financial derivatives to hedge against interest rate risk: Forward rate agreements, interest rate futures, interest rate swaps, interest rate options (including collars)