A2CIS: Analyse & Communicate Your Company's Financial Results

Intermediate Level  (2 days)

This course offers you the opportunity to look at your company’s most recent results announcement and annual report through the eyes of your target audiences. Our experienced tutor will take you through your numbers and help you complete our analysis workbook in a group of no more than 6 people.

Download course program for Analyse & Communicate Your Company's Financial Results

Outcomes

• Appreciate the key players and the regulatory framework
• Become fluent in the language of finance, including finance and accounting jargon
• Analyse the financial statements to determine company performance
• Understand how financial audiences use your company financials
• Use Key Performance Indicators to tell your financial story
• Anticipate likely market issues and questions around financial results
• Comprehend the drivers of investment decisions and how to communicate to achieve fair value

What you will learn

Day 1

The Big Picture
 • The financial markets architecture
 • Investor perspectives
 • Sell side and buy side today, the role of ratings agencies and other analysts
 • The importance of managing expectations
 • Short overview of key regulations and governance requirements

Shareholder value
 • Measuring financial performance and the link to shareholder value
 • Shareholder value - the shareholders’ and the company’s perspective
 • Driving company valuation

Accounting Essentials
 • The key financial statements and how they fit together - reminder
 • Depreciation, amortization, EBITDA, Goodwill and impairment - reminder
 • Annual Reports & earnings releases - how analysts and journalists use your financial information

Balance Sheets & Funding
 • Assets, capital intensity and working capital management
 • Reviewing the balance sheet (statement of financial position)
 • The impact of leverage on results
 • The capital mix - implications
 • Communicating balance sheet strength
 • Forecasting issues

The Income Statement and Profitability
 • Headline numbers
 • Analyzing the income statement and asking questions
 • Establishing a trend - how analysts adjust your profit
 • Impact of operational gearing on results
 • Earnings per share and dividends
 • Forecasting issues
 • Communicating earnings guidance

Day 2

Cash Flows
 • Analyzing cash flow statements
 • Free cash flow and operating free cash flow
 • Identifying and communicating cash generation
 • Forecasting issues

Financial Analysis & the Link with Valuation
 • Analyzing accounts - putting it all together
 • The research & valuation process
 • Forecasting and the role of guidance
 • Fundamental value - DCF and sensitivities
 • Valuation using multiples
 • Key valuation variables

Telling your Investment Story through Results
 • KPIs for communicating shareholder value - the link with corporate strategy
 • Financial performance - how the ratios fit together
 • Share price influences and anticipating market reaction
 • The importance of corporate responsibility
 • Communications issues - effective Q&A
 • Summary & Conclusion

How you will learn

Through engaging, interactive case studies and exercises designed to replicate situations you will encounter, with many drawn from real life examples

Through vigorous discussion and debate that encourages attendees to engage financial language and helps solidify the learning

Via practical applications of content - ensuring that you return to your desk to carry out your duties even more effectively

You will bring your own company’s results announcement and annual report with you or that of a client. Over the course of the two days you will complete our company analysis workbook, which will help you to analyse your company and highlight the questions that your audiences are likely to ask.