esade

Prerequisites

Previous Knowledge

Workload distribution

COURSE CONTRIBUTION TO PROGRAM

Course Learning Objectives

Each session combines theoretical aspects with business case class discussion

Structure of the 8 SESSIONS:

1. Introduction
. Know the difference between Operational Financial Management (short term) and Structural Financial Management (long term).
. Understand the role of the CFO as part of the Executive Committee of the corporation, and particularly the functions performed by the Treasury and Financing department.


2. Operational Financial Planning
. Differentiate between Liquidity and Cash Flow
. Learn how to anticipate the cash surpluses and shortfalls by developing a Cash Flow Planning by both methods, direct and indirect


3. Operational Working Capital Management
. Know about the different operational processes included in the cash conversion cycle and understand the impact of decisions from the different operational units (Logistics, Sales, Purchasing) on the Operational Working Capital
. Learn how to optimize the financial management of Receivables, Payables and Stocks.


4. Management of Payments and Collections
. Understand the relevance of the value date for the Treasury position
. Know the main instruments for payments and collections


5. Management of the Treasury Position. Financial Investment and Financing
. Learn the systematic to manage the Treasury Position
.Know the implications of Cash-Pooling and Cash-Concentration for an efficient Cash Management
.Understand the main instruments for investing liquidity, and particularly how to invet cash surpluses
.Learn the main financing instruments to finance temporary liquidity shortfalls

6. Bank Relationship
. Understand the importance of a stable banking relationship to ensure sustainable financing of the company and identify criteria to determine the optimal bank structure
. Know the basis of an effective negotiation with banks.


7. Treasury & Financing Governance
. Learn how to organize a Treasury and Financing department
. Know about the existing models of Treasury governance in company groups


8. Conclusion
.Performance Management: How to create value for the company in the Treasury and Financing

Assessment criteria

20% active attendance
40% presentation (in group)
40% final exam
Important clarifications:
1. To pass the course, a minimum grade of 5 is required to be obtained on both the final exam and the average (using the weights above). The grading criteria could be summarized as follows. If the final exam grade and the average are both above 5, then the final grade is the average. The final grade is the minimum beween the final exam grade and the average otherwise.
2. In case a retake exam is needed, the grade will be 100% determined by the retake exam grade.

Bibliography

Timetable and sections