The Finance Leaders’ Bootcamp – getting up to speed! (Run 2) (Online Zoom)

The Finance Leaders’ Bootcamp – getting up to speed! (Run 2) 

(Commencing on Tuesday, 21st July 20 over 8 evening sessions from 7 pm to 10 pm)

The Finance Leaders’ job is the most challenging and onerous in any company, especially in a public-listed one. Most Finance Leaders (Finance Directors, CFO, Finance Managers, Finance Supervisors and the like) are promoted from within the company, and the overriding difficulty is that incumbent does not have the full knowledge of the role and functions of the next level and how to execute them professionally. Admittedly, in SMEs, the finance manager may have to function like a CFO.

Finance Leaders engaged from outside the company are better off as they would have learnt the ropes over time, however daunting. Still, the depth and breadth of experience and exposure vary, depending very much on the industries they serve, and the opportunities available to them to handle/manage M&A, due diligence, corporate restructuring, corporate funding, IPO, special projects, and other corporate finance activities.

This Bootcamp is therefore designed to enhance these knowledge and skillsets and fill gaps, enabling the Finance Leader to function confidently and execute corporate finance activities professionally. It is a hugely practice based as case studies are drawn/adapted from actual cases managed by the trainer/facilitator over his more than 40 years of corporate experience as Group CFO and CXO of both large Main Board listed companies and non-listed companies.

In an Aug/Sept 2017 survey of Singapore’s finance and accounting professionals, an overwhelming 79% of the respondents say that they are not equipped with the necessary skills to meet the increasing demands and challenges of their profession in the future. These include strategic thinking, business acumen, leadership, communicating and influencing, and analysis & advisory. Melvin Yong, then Singapore’s Country Head for CPA Australia says, “Acquiring skills of the future is a life-long learning journey that individuals must personally own.” This Bootcamp is designed to fill these skill gaps in that life-long learning journey ….

 

Objectives and Structure of this Masterclass

As depicted in the diagram below, there are 4 key areas that a Finance Leader must be highly proficient in.

  1. Financial Statement Analysis
  • Know what lagging and leading indicators are and the difference between them.
  • How to use leading indicators to prevent and protect the company against impending or future financial disasters
  • How to apply the V.I.S.A. Approach for sustainable financial performance

 

2.Cashflow Statement (CFS) Analysis

  • How to interprete each item in the CFS
  • How to gain an insight into current CFS within 5 mins using the 7-step approach, and asking sharp, profound questions.
  • How to decipher past CF trend to unlock cashflows for growth and sustainability

 

3.Financial Modelling (FM)

  • Accountants and Finance Leaders often shy away from FM as they consider it to be highly complicated and technical. It need not be!

We can use simple Excel functions to create FMs that help business decision-making effectively!

  • Learn basic to difficult FMs to solve business valuation, M&A, and capital structure, and corporate planning issues/problems.

4.Business Valuation

This financial area is the future of accounting & finance and every CFO must know how to perform it, at a moment’s notice.

  • Learn which method of valuation to apply in any valuation situation.
  • How to interprete the range of values
  • How to use FM effectively in any valuation exercise.

 

At the bottom left of the diagram, 6 real-life case studies are listed. As this Bootcamp is practice-based or pragmatic, you will learn how to execute the above exercises step by step. This will ensure that when you are tasked to perform similar exercises, you will be able to execute them with full confidence. In any case, there is always my mentorship support (advice/guidance) after completion of this Bootcamp!

 

Who should attend?

  1. Newly appointed Finance Leaders
  2. Finance Leaders who want to widen their scope of knowledge and skill sets
  3. CFO-aspirants
  4. CFOs who are seeking a refresher course
  5. Part-time CFOs
  6. Heads of Finance Department
  7. Finance Managers
  8. Finance Leaders who want to fill knowledge and skill gaps.
  9. Relationship Managers (banks) who need to interface with CFOs
  10. Financial consultants

Methodology

This Bootcamp will be conducted in an environment conducive to learning where trainer’s sharing of practical examples/illustrations/cases, and coaching reinforce learning.

Duration of Course

Commencement date: Tuesday, 21st July 2020

Duration: 8-weekly sessions of 3 hours each, from 7 pm to 10 pm.

 

Course Fee

Introductory offer of $1,900 (Gross fee $2,600)

Venue         

Online Zoom facility

Principal Trainer Profile

Michael Matthew Lee is a trained teacher, lecturer, coach and facilitator, and is himself a life-long learner. Being trained, he is skilful in explaining difficult concepts in a simple and understandable manner. With his more than 40 years of corporate working experience, which include serving as Group CFO of 3 large Main Board public-listed groups, and as CXO (MD/CEO/COO) of various companies across industries, he specialises in Finance and is exposed to senior executive management practices, issues and challenges. He adopts a practical approach to his training and facilitation and draws case studies from actual cases (adapted) he personally managed over his 4 decades of corporate working experience.

 

Michael Matthew Lee’s credentials are:

MBA (Finance, NUS Business School)

MBA (Strategic Marketing, University of Hull)

BAcc (NUS); DipM (UK); PDipM (APAC); ACTA; PMC

ASEAN CPA; FCA(Singapore); FCPA(Aust); FCCA(UK); FCIM(UK); MSID.

 

Note:

Michael has written 7 accounting & finance articles to-date and they can be accessed through

Website: www.cfodesk.com.sg;

LinkedIn: “Michael M Lee”; and

Facebook: “Michael M Lee”

  • 8 Oct 2018: “Debit & Credit” – Upon this Rock, the House of Accountancy was built!
  • 17 Oct 2018: Financial Statement Analysis (an overview) – moving from lagging (historical) indicators to leading (predictive) indicators.
  • 26 Nov 2018: Traditional Financial Statement Analysis –using lagging indicators (Part 1)
  • 17 Dec 2018: Financial Statement Analysis – using leading indicators (Part 2)
  • 24 Jan 2019: Financial Statement Analysis –Is there an optimal capital structure? (Part 3)
  • 24 Feb 19: Financial Statement Analysis – What is V.I.S.A.? (Part 4)
  • 7 Apr 19: Financial Statement Analysis – The V.I.S.A. Approach (Part 5)

 

 

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THE FINANCE LEADERS’ BOOTCAMP – Getting up to speed!

 

Course Content

1.Finance Leader’s role & functions/ Reporting regime
a)The role and functions of the Finance Leader
   -Expected, Enhanced, CFO/CEO partnership
b)Scope of Finance & The Accounting Framework
   –Scope covering managerial finance, corporate finance, ethics & governance environment, shareholder value creation, etc
   –Framework covering assumptions, principles & conventions; interrelationships among financial statements; integrated             framework of Accounting & Finance.
c)Corporate Reporting Regime
  –Monthly, quarterly, yearly; template design
d)Working capital management
  -Management of cash, receivables, inventory, and payables.

2.Financial Statement analysis

a)Trend analysis, ratio analysis,
-Dupont method, Capital structure and operating & financial leverages and business & financial risks, a systematic and integrated approach will be introduced
b) What is VISA and how to monitor the variables?
c) Financial limits to growth (FLTG)
– FLTG formula, how to track sustainability of company’s growth, its danger signals, and going concern implications.
d)Capacity & capability limits to growth
e) Competition limits to growth
f) A framework for corporate growth incorporating b, c, and d.

3.Cashflow Statement (CFS)

a)Preparation and analysis, treatment of items, quick comprehension of cashflow elements
b)7-step approach to analyse CFS in 5 mins
c)5-step approach to unlock cashflows for growth and sustainability

4.Financial modelling

a) The 5 phases of financial modelling
b) How to prepare base model, financial model, sensitivity analysis, selection of variables, for breakeven analysis, proforma financial statements, capital structure analysis, M&A, corporate planning.

5.Business valuation

a)Methodology & application
b)Valuation of business and shares
c)IPO, M&A

6.Corporate exercises
a) Corporate turnaround
-How to “clean up” a messy department/subsidiary, either to bring it back to health or to downsize or divest.
b) Corporate Planning
-Introducing a corporate planning framework to bring company/subsidiary to its next stage of growth. This is based on the trainer’s MBA dissertation of the same topic and its actual implementation.
-Learn Ansoff Matrix, BCG Model, Porter’s 5 Forces Framework, and other business models and how to apply them in practice.
c) Restructuring of a group of companies.
d)Corporate funding/ IPO preparation
-placements, rights issues, corporate bonds, convertible bonds, etc
-How to prepare for IPO (assess IPO-readiness, cleaning up group companies, establish group structure for IPO, engage professionals, IPO kick-off meeting, etc)
f) Shared service pooling
-How to create a pool of corporate /common services to appropriately allocate to departments /subsidiaries fairly, without inordinately penalising individual department/subsidiary’s performance.
g) Shareholder value creation
-How to create value for shareholders to improve returns to shareholders and value of the enterprise (including share price).
h)Corporate governance & risk management
Code of Governance, Duties & responsibilities of directors, Internal audit function

—————————————MMLee 12Feb20——————————————

For Payment Direct to The CFO Desk Pte Ltd’s Bank Current Account, details are:

  • Beneficiary Name: The CFO Desk Pte Ltd
  • Bank Account No.: 512 79321 7001
  • Bank Name: OCBC Bank
  • Branch Name: Marine Parade Branch
  • Bank Address: 80 Marine Parade Road, #15-05 to #15-09, Singapore 449269

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