Finance for the Technical Executive Course
Accounting, Finance and Budgeting Training

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Finance for the Technical Executive Course
Course Overview:
The Technical Executive Training Course in finance is predominantly aimed at technical personnel and executives for whom it is important to acquire understanding of essential financial principles needed for project evaluation and making funding decisions.
Great practical significance will have an application of DCF valuations in economic valuation of projects funding, exploration of the avenues of project financing and use of such capital budgeting and management techniques as IRR, payback and DCF in technical project s. Also included in the course is analysis of the uncertainty of project financing including, real options, sensitivity and scenario analysis.
The course is tailored for executive managers in R&D department, engineering, product development and project management.
The course equips the participants with knowledge of the financial information which may assist them to make resource allocation and resource control decisions when performing their technical roles.
Course Objectives:
At the end of this Technical Executive Training Course you will be able to:
- Understand how funding decisions are made and how they can influence those decisions by applying financial principles to project evaluation and resource allocation
- Learn how to assess projects for their potential economic value
- Conduct discounted cash flow (DCF) valuations
Who Should Attend?
Finance for the Technical Executive training course is ideal for :
- Executives who manage project teams and departments
- Technical professionals involved with R&D, product and software design, engineering, and other scientific and technical work.
- CIOs, chief technologists, head scientists
- R&D and product development directors
- Engineering and manufacturing vice presidents
- Corporate strategists
- Project managers
- Systems information managers
Course Outlines:
Introduction to Corporate Finance
- Basic concepts of finance
- Review of accounting basics
- Financial statement analysis and forecasting
Introduction to Project Valuation
- Fundamental principles of finance
- Discounted cash flows (DCF)
- Arbitrage and market efficiency
- Present value and asset valuation
- Project valuation, free cash flows
- Estimation of free cash flows with accounting data
- Molycorp mini-case: project valuation and sensitivity analysis
Project Financing
- Projecting future funding needs
- The concept of sustainable growth; the tension between product-market strategy and financial policies.
Capital Budgeting and Management
- Alternative capital budgeting rules: IRR, payback, multiples
- DCF versus the alternatives: pros and cons
Project Financing in an Uncertain World
- Incorporating uncertainty: real options
- Sensitivity and scenario analysis
- Investment staging and management
- Wrap-up and adjournment