Chartered Financial Manager (ChFM) Preparation
Build the judgement a financial manager needs when money, credit and risk meet.
About this course
Build the judgement a financial manager needs when money, credit and risk meet. Over five days you will analyse financial statements and cash flow, assess the creditworthiness of a borrower, weigh risk against reward and look at how products are valued and priced.
We then turn to managing weak credit through loan trading, securitisation and credit derivatives, the effect of off-balance sheet exposure, and the warning signs that call for early action. Case work and practice questions prepare you for the ChFM assessment.
What you'll learn
- Explain the role of the financial manager in banking, commercial, industrial and SME settings
- Assess the creditworthiness and cash flow of a borrower using quantitative and qualitative methods
- Identify the risk variables that shape a credit decision and weigh risk against reward
- Describe valuation and pricing approaches for common financial products
- Explain how secondary market trading, securitisation and credit derivatives are used to manage weak credit quality
- Analyse the effect of off-balance sheet products and derivatives on a borrower's cash flow
- Recognise early warning signals of financial distress and plan remedial action
Curriculum
- Finance across banking, corporate, industrial and SME settings
- Financial objectives and value creation
- The link between strategy, funding and risk
- Ethics and professional judgement
- Reading the balance sheet, income statement and cash flow statement
- Ratio analysis for liquidity, leverage and profitability
- Quality of earnings
- Working capital management
- Cash flow analysis and forecasting
- Debt service capacity
- Qualitative assessment of management and industry
- Building a credit view of a borrower
- Critical factors in credit decision-making
- Risk variables in the credit process
- Risk and reward trade-off
- Structuring, pricing and covenants
- Time value of money and discounting
- Valuation approaches for financial products
- Pricing for risk
- Sensitivity and scenario analysis
- Secondary market loan trading
- Securitisation
- Credit derivatives
- Portfolio concentration and diversification
- Common off-balance sheet products
- Derivatives and their effect on cash flow
- Contingent exposures
- Disclosure and reporting considerations
- Problem recognition and early warning signals
- Workout and restructuring options
- Remedial action planning
- Exam review and practice questions
Who it's for
Finance managers, controllers, credit and treasury staff, auditors and bankers preparing for the ChFM designation.
Before you start
- Working experience in finance, accounting, banking or a related field
- A sound grasp of financial statements
Prepares for
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