CTM
Corporate Treasury Management
What is Treasury Management?
Structure of Treasury Management
Functions of Treasurer and Controller
What is Treasury Management?
Structure of Treasury Management
Corporate Treasury Management
Corporate Financial Planning
Capital Structure and Funding
Strategic Aspects of Risk Management
Capital Structure and Funding
Financial Derivatives
Structured Products
Risk Hedging and Financial Instruments
Capital Structure and Funding
What is capital structure?
How capital structure affects financial risk
Weighted average cost of capital
Contrasting views on capital structure
Arbitrage and net operating income view
Taxes in classical tax system
Tax effects in Modigliani and miller equilibrium
Tax effect in miller’s after tax equilibrium
Relevance of flotation cost
Corporate Financial Analysis
Rate of return
Risk and risk management
Discounted cash flow and rates of return to risk
Discounted cash flow and net value to shareholders
Precision discounting
Internal rate of return
Present value of annuity
Loan balance method
Value growth
Treasury Controls
Treasury Control - Introduction
Importance of Treasury Control
Case Study - Sumitomo
Framework of Treasury Control
Treasury Audit
Sarbanes Oxley - Impact on Treasury Control
Risk management
The need for Risk Management System
The new regulatory and corporate environment
Structuring and managing the risk management
Measuring the risk management
Measuring the market risk
Credit rating systems
Hedging credit risk
Risk Management in Non-bank Corporation
Risk Management in the future
ELEMENTS OF FINANCIAL MANAGEMENT
Environment of business finance, ratio analysis, fund flow analysis, cash flow analysis, economic value added
Capital Functionary – Cost of capital, operating and financial leverage, capital structure theories, dividend distribution theories
Capital Budgeting Techniques – Capital expenditure, investment decisions
Financial Markets – money market, capital market, international capital market
Working capital management – cash, inventory, account receivable management and factoring
FINANCIAL FORECASTING
Better budgets
Forecasting overview
Sales forecast
Sales planning
StRATEGIC MERGERS & ACQUISITION
Brief Outline about mergers, acquisitions, takeovers, tender offer
Change forces and merges, anti-trust policies
Deal structure
Mergers and takeovers – theory and practices
Alternative paths to growth, valuation
Corporate Restructuring
Takeover Defenses
LBOs and MBOs, Financial Restructuring
Corporate Governance and Performance
