Sharpen your treasury skills
If you are looking to add value to your role and further your career, then train with EuroFinance. Wherever you are based, whatever your training needs - we have a course to suit you.
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Advanced Cash Flow
Location: Amsterdam, The Netherlands Date: 15 March
Download - Advanced Cash Flow
10:30 REFRESHMENT BREAK
11:00 Constructing an effective forecast model
• Receipts and disbursement method
• Own model vs. bought software
• Time horizons
• Allowing for real time adjustment for actual outcomes
• Mechanisms for identifying variance and establishing reporting triggers
• Varying the breadth and depth of information
• Varying degree of accuracy
12:00 Alternative techniques
• Judgmental
• Exponential smoothing
• Extrapolative
• Regression analysis
• Causal
• Distribution/scheduling
13:00 LUNCH
14:00 Analysing the forecast
• Is the forecast realistic? Conducting a reality check
• Understanding and conducting sensitivity tests
• Scenario analysis and stress testing
• Modelling uncertainty and risk
• What hedges are in place, what additional protection is needed?
• Adapting to changing trends and business circumstances
15:00 Linking cash flow forecasting to working capital management
• The cash conversion cycle
• Information flows
• Linking systems
• Benchmarks and alert triggers
• Measures of working capital performance
16:00 REFRESHMENT BREAK
16:20 The end game: increasing shareholder value via cash flow management
• Defining shareholder value
• Measuring shareholder value
• Lowering the cost of capital
• Discounting cash flows
• Making cash count – practical and presentational outcomes
17:30 END OF COURSE AND PRESENTATION OF CERTIFICATES
Financial institutions, system suppliers, consultants, lawyers and accountants
NOTE: Prices are EXCLUSIVE of Dutch VAT (BTW) therefore please add 19% Dutch BTW to the above prices. BTW must be paid irrespective of the delegate’s country of residence, this BTW is fully recoverable by registered corporations sending their delegates.
+Pre-conference training – EuroFinance regrets that accounting and financial consultants are not permitted to attend this course and will refuse admission on this basis.
Special discounts
25% discount for treasury association members*
Email registrations@eurofinance.com for further information
(*Please note that this discount may not be used in conjunction with any other offer, including the early registration discount).
Pre-conference training course
Our research regularly shows that the majority of companies that use cash flow forecasting are dissatisfied with their systems and results. This course will examine the variety of approaches that can be taken depending on purpose and profile of company. The relationship between forecasting, liquidity and working capital is examined in detail so that forecasting is not considered in isolation, but at the centre of the drive to maximise shareholder value. The objective is for you to be confident in optimising the accuracy of your forecasts, maintaining their usefulness under differing scenarios of change and pressures, and to maximise the benefits seen from improved cash generation.
Please note: Delegates will be notified of the venue 2-4 weeks prior to the course start date.
Please note: Delegates will be notified of the venue 2-4 weeks prior to the course start date.
08:30 REGISTRATION AND REFRESHMENTS
09:00 Objectives and uses of cash flow forecasts
• Liquidity management
• Establishing cash management policies
• Identifying and avoiding cash shortages
• Determining funding requirements
• Calculating potential dividends
• Planning capital investment programmes
• Banking relationships and loan covenants
09:30 Accurate data collection
• Capturing accurate internal departmental data
• Capturing accurate and timely bank data
• Establishing and enforcing disciplined reporting
• Link with budgeting and accounting systems
• Differentiating cash and accounting items and measures
• Interpreting and adapting input data
• Highlighting certain data vs. estimated data
• Separating metrics you can control and vary from those that are fixed by others
09:00 Objectives and uses of cash flow forecasts
• Liquidity management
• Establishing cash management policies
• Identifying and avoiding cash shortages
• Determining funding requirements
• Calculating potential dividends
• Planning capital investment programmes
• Banking relationships and loan covenants
09:30 Accurate data collection
• Capturing accurate internal departmental data
• Capturing accurate and timely bank data
• Establishing and enforcing disciplined reporting
• Link with budgeting and accounting systems
• Differentiating cash and accounting items and measures
• Interpreting and adapting input data
• Highlighting certain data vs. estimated data
• Separating metrics you can control and vary from those that are fixed by others
10:30 REFRESHMENT BREAK
11:00 Constructing an effective forecast model
• Receipts and disbursement method
• Own model vs. bought software
• Time horizons
• Allowing for real time adjustment for actual outcomes
• Mechanisms for identifying variance and establishing reporting triggers
• Varying the breadth and depth of information
• Varying degree of accuracy
12:00 Alternative techniques
• Judgmental
• Exponential smoothing
• Extrapolative
• Regression analysis
• Causal
• Distribution/scheduling
13:00 LUNCH
14:00 Analysing the forecast
• Is the forecast realistic? Conducting a reality check
• Understanding and conducting sensitivity tests
• Scenario analysis and stress testing
• Modelling uncertainty and risk
• What hedges are in place, what additional protection is needed?
• Adapting to changing trends and business circumstances
15:00 Linking cash flow forecasting to working capital management
• The cash conversion cycle
• Information flows
• Linking systems
• Benchmarks and alert triggers
• Measures of working capital performance
16:00 REFRESHMENT BREAK
16:20 The end game: increasing shareholder value via cash flow management
• Defining shareholder value
• Measuring shareholder value
• Lowering the cost of capital
• Discounting cash flows
• Making cash count – practical and presentational outcomes
17:30 END OF COURSE AND PRESENTATION OF CERTIFICATES
Rod Staples
PricewaterhouseCoopers, Belgium
Carl Sharman
PricewaterhouseCoopers, Belgium
National Association of State Boards of Accountancy (NASBA)
Earn up to 7 CPE credits
Delivery method: group-live
Programme level: intermediate
No prerequisites or advanced preparation required
EuroFinance is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417; Website: http://www.nasba.org
For more information regarding refund, complaint and cancellation policies, contact EuroFinance on +44 (0)20 7576 8555.
Delivery method: group-live
Programme level: intermediate
No prerequisites or advanced preparation required
EuroFinance is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417; Website: http://www.nasba.org
For more information regarding refund, complaint and cancellation policies, contact EuroFinance on +44 (0)20 7576 8555.
There is no on-line training scheduled for this training course
What some of our training delegates say
“EuroFinance’s course was key to our successful implementation.”
“Complex concepts were communicated in simple terms with good examples.”
“The tutor was energetic, engaging and knowledgeable. Best tutor I have had!”
“You inspired me to revisit old truths and to evaluate new solutions”
“The course was excellent, the tutor was very interesting and highly qualified. I’m totally satisfied!
“Complex concepts were communicated in simple terms with good examples.”
“The tutor was energetic, engaging and knowledgeable. Best tutor I have had!”
“You inspired me to revisit old truths and to evaluate new solutions”
“The course was excellent, the tutor was very interesting and highly qualified. I’m totally satisfied!
Delegate prices
Register and pay by Friday 12 February 2010 to qualify for the early registration discount. If payment is not received by this date, you will be charged the full registration fee.
Members of the corporate treasury or finance functions in corporations
Members of the corporate treasury or finance functions in corporations
|
|
Early registration
|
Full registration
|
|
1-day pre-conference training course+
|
€1,025
|
€1,250
|
Financial institutions, system suppliers, consultants, lawyers and accountants
|
Early registration
|
Full registration
|
|
|
1-day pre-conference training course+
|
€1,025
|
€1,250
|
NOTE: Prices are EXCLUSIVE of Dutch VAT (BTW) therefore please add 19% Dutch BTW to the above prices. BTW must be paid irrespective of the delegate’s country of residence, this BTW is fully recoverable by registered corporations sending their delegates.
+Pre-conference training – EuroFinance regrets that accounting and financial consultants are not permitted to attend this course and will refuse admission on this basis.
Special discounts
25% discount for treasury association members*
Email registrations@eurofinance.com for further information
(*Please note that this discount may not be used in conjunction with any other offer, including the early registration discount).
Corporate Risk Management
Location: Amsterdam, The Netherlands Date: 15 March
Download - Corporate Risk Management
Pre-conference training course
This intensive one-day course will examine the concepts of risk management and how they should be applied across organisations in principle. On a practical level the common risk management responsibilities of the treasury function (financial risk) will be explored in detail. Participants will then be equipped to design and implement a risk management programme and understand how to put effective risk mitigation strategies into operation.
Please note: Delegates will be notified of the venue 2-4 weeks prior to the course start date.
Please note: Delegates will be notified of the venue 2-4 weeks prior to the course start date.
08:30 REGISTRATION AND REFRESHMENTS
09:00 Welcome and introduction
09:10 The foreign exchange market
• Spot exchange rates, reciprocal rates and crossrates
• Forward outrights and swaps and their uses – the relationship with the money markets
• Covered interest arbitrage
• Short dates
• Time options
• Forward/forward rates
• Non-deliverable forwards
10:00 Management of short-term interest rate risk
• Forward/forward interest rates
• The yield curve
• Forward rate agreements (FRAs) – the mechanics; uses by borrowers and depositors
• Interest rate futures – pricing; the mechanics of trading; futures compared to FRAs
10:30 REFRESHMENT BREAK
11:00 Interest rate swaps
• Concepts and mechanics of swaps
• Swap pricing – long-term swaps and credit arbitrage; short-term swaps and FRAs/futures
• Applications – asset and liability swaps
• Calculating the all-in cost of borrowing
• Calculating the all-in return on an investment
12:00 Currency swaps
• Currency swap pricing
• Applications – hedging commercial flows; asset and liability swaps
• Comparison with foreign exchange forwards
13:00 LUNCH
14:00 Currency and interest rate options
• Option terminology and markets
• Pricing – underlying concepts; European and American options
• Choosing between options and forwards
• Hybrid/synthetic instruments – range forwards, participation forwards, break forwards; caps, floors, collars and zero-cost structures
• Survey of exotic options – barrier options; average options
15:30 REFRESHMENT BREAK
16:00 Exposure management
• Definition and analysis of different types of exposure – transaction; translation; economic/competitive
• Corporate attitudes and writing a company FX policy
• Structure of responsibility and procedures for making decisions
• Reporting and performance evaluation
• Hedging techniques and strategy
• Currency debt management
17:00 END OF COURSE AND PRESENTATION OF CERTIFICATE
09:00 Welcome and introduction
09:10 The foreign exchange market
• Spot exchange rates, reciprocal rates and crossrates
• Forward outrights and swaps and their uses – the relationship with the money markets
• Covered interest arbitrage
• Short dates
• Time options
• Forward/forward rates
• Non-deliverable forwards
10:00 Management of short-term interest rate risk
• Forward/forward interest rates
• The yield curve
• Forward rate agreements (FRAs) – the mechanics; uses by borrowers and depositors
• Interest rate futures – pricing; the mechanics of trading; futures compared to FRAs
10:30 REFRESHMENT BREAK
11:00 Interest rate swaps
• Concepts and mechanics of swaps
• Swap pricing – long-term swaps and credit arbitrage; short-term swaps and FRAs/futures
• Applications – asset and liability swaps
• Calculating the all-in cost of borrowing
• Calculating the all-in return on an investment
12:00 Currency swaps
• Currency swap pricing
• Applications – hedging commercial flows; asset and liability swaps
• Comparison with foreign exchange forwards
13:00 LUNCH
14:00 Currency and interest rate options
• Option terminology and markets
• Pricing – underlying concepts; European and American options
• Choosing between options and forwards
• Hybrid/synthetic instruments – range forwards, participation forwards, break forwards; caps, floors, collars and zero-cost structures
• Survey of exotic options – barrier options; average options
15:30 REFRESHMENT BREAK
16:00 Exposure management
• Definition and analysis of different types of exposure – transaction; translation; economic/competitive
• Corporate attitudes and writing a company FX policy
• Structure of responsibility and procedures for making decisions
• Reporting and performance evaluation
• Hedging techniques and strategy
• Currency debt management
17:00 END OF COURSE AND PRESENTATION OF CERTIFICATE
Richard Roering
Associate Director, Zanders, Treasury & Finance Solutions
Richard is responsible for the Corporate Clients team of Zanders and leads a team of 15 professionals. He joined the company in 2000 and has advised many leading corporates in the field of Corporate Finance, Treasury Management and Risk Management. He is a regular conference tutor and author of articles in professional publications. He holds a Master of Science degree from the University of Tilburg in Corporate Finance and earned the right to use the Chartered Financial Analyst designation in 2006.
Mark van den Burg
Zanders, Treasury & Finance Solutions
National Association of State Boards of Accountancy (NASBA)
Earn up to 7 CPE credits
Delivery method: group-live
Programme level: intermediate
No prerequisites or advanced preparation required
Delivery method: group-live
Programme level: intermediate
No prerequisites or advanced preparation required
EuroFinance is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417; Website: http://www.nasba.org
For more information regarding refund, complaint and cancellation policies, contact EuroFinance on +44 (0)20 7576 8555.
For more information regarding refund, complaint and cancellation policies, contact EuroFinance on +44 (0)20 7576 8555.
There is no on-line training scheduled for this training course
What some of our training delegates say
“EuroFinance’s course was key to our successful implementation.”
“Complex concepts were communicated in simple terms with good examples.”
“The tutor was energetic, engaging and knowledgeable. Best tutor I have had!”
“You inspired me to revisit old truths and to evaluate new solutions”
“The course was excellent, the tutor was very interesting and highly qualified. I’m totally satisfied!”
“Complex concepts were communicated in simple terms with good examples.”
“The tutor was energetic, engaging and knowledgeable. Best tutor I have had!”
“You inspired me to revisit old truths and to evaluate new solutions”
“The course was excellent, the tutor was very interesting and highly qualified. I’m totally satisfied!”
Delegate prices
Tax for Treasurers
Location: Amsterdam, The Netherlands Date: 15 March
Download - Tax for Treasurers
Pre-conference training course
This highly technical session will look at the tax ramifications for cash management and explain the key issues including withholding tax, thin capitalisation and transfer pricing. You will compare treasury locations, address capital selecta including I/R directive implementation, the EU-CH Bilateral II treaty and examine traditional treasury structures. You will also have the opportunity to discuss in detail any tax issues your company is facing, with our expert tutor.
Please note: Delegates will be notified of the venue 2-4 weeks prior to the course start date
Please note: Delegates will be notified of the venue 2-4 weeks prior to the course start date
Agenda
08:30 REGISTRATION AND REFRESHMENTS
09:00 Key tax considerations when implementing cross-border treasury operations – the big picture
• Relevant tax considerations
• Relevant non-tax considerations
10:30 REFRESHMENT BREAK
11:00 Best-practice of tax-efficient locations for cross-border treasury operations, including recent trends
• Flavour of preferred treasury locations – reasons why
• Recent trends
• How to compare and make decisions
12:30 LUNCH
14:00 Capita selecta
• Status of I/R directive implementation, including EU-CH Bilateral II treaty
• Impact of local thin cap and other anti-abuse legislation on treasury operations
• Update relevant ECJ Case Law
• Relevant transfer pricing tax ruling experience
15:15 REFRESHMENT BREAK
15:30 Capita selecta (continued)
16:30 Conclusions
17:00 END OF COURSE AND PRESENTATION OF CERTIFICATES
08:30 REGISTRATION AND REFRESHMENTS
09:00 Key tax considerations when implementing cross-border treasury operations – the big picture
• Relevant tax considerations
• Relevant non-tax considerations
10:30 REFRESHMENT BREAK
11:00 Best-practice of tax-efficient locations for cross-border treasury operations, including recent trends
• Flavour of preferred treasury locations – reasons why
• Recent trends
• How to compare and make decisions
12:30 LUNCH
14:00 Capita selecta
• Status of I/R directive implementation, including EU-CH Bilateral II treaty
• Impact of local thin cap and other anti-abuse legislation on treasury operations
• Update relevant ECJ Case Law
• Relevant transfer pricing tax ruling experience
15:15 REFRESHMENT BREAK
15:30 Capita selecta (continued)
16:30 Conclusions
17:00 END OF COURSE AND PRESENTATION OF CERTIFICATES
Philippe Vyncke
Tax Partner, PricewaterhouseCoopers
Philippe has been with PricewaterhouseCoopers since 1989 and was admitted to the partnership in 1999. He leads the finance and treasury tax team. His main area of expertise is corporate taxation and he advises on local and international tax planning and restructurings. Recent work includes setting up of financing vehicles in Europe, international tax structuring and FIN 48 analysis.
Philippe has been with PricewaterhouseCoopers since 1989 and was admitted to the partnership in 1999. He leads the finance and treasury tax team. His main area of expertise is corporate taxation and he advises on local and international tax planning and restructurings. Recent work includes setting up of financing vehicles in Europe, international tax structuring and FIN 48 analysis.
Philippe de Clippele
Director, PricewaterhouseCoopers
National Association of State Boards of Accountancy (NASBA)
Earn up to 7 CPE credits
Delivery method: group-live
Programme level: intermediate
No prerequisites or advanced preparation required
EuroFinance is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417; Website: http://www.nasba.org
Delivery method: group-live
Programme level: intermediate
No prerequisites or advanced preparation required
EuroFinance is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417; Website: http://www.nasba.org
For more information regarding refund, complaint and cancellation policies, contact EuroFinance on +44 (0)20 7576 8555.
Train online with EuroFinance
For information on online training please contact Georgina Wellman on +44 (0)20 7576 8555 or email training@eurofinance.com
What some of our training delegates say
“EuroFinance’s course was key to our successful implementation.”
“Complex concepts were communicated in simple terms with good examples.”
“The tutor was energetic, engaging and knowledgeable. Best tutor I have had!”
“You inspired me to revisit old truths and to evaluate new solutions.”
“The course was excellent, the tutor was very interesting and highly qualified. I’m totally satisfied!
“Complex concepts were communicated in simple terms with good examples.”
“The tutor was energetic, engaging and knowledgeable. Best tutor I have had!”
“You inspired me to revisit old truths and to evaluate new solutions.”
“The course was excellent, the tutor was very interesting and highly qualified. I’m totally satisfied!
Delegate prices
Register and pay by Friday 12 February 2010 to qualify for the early registration discount. If payment is not received by this date, you will be charged the full registration fee.
Members of the corporate treasury or finance functions in corporations
Members of the corporate treasury or finance functions in corporations
| Early registration | Full registration | |
| 1-day pre-conference training course+ | €1,025 | €1,250 |
Financial institutions, system suppliers, consultants, lawyers and accountants
| Early registration | Full registration | |
| 1-day pre-conference training course+ | €1,025 | €1,250 |
NOTE: Prices are EXCLUSIVE of Dutch VAT (BTW) therefore please add 19% Dutch BTW to the above prices. BTW must be paid irrespective of the delegate’s country of residence, this BTW is fully recoverable by registered corporations sending their delegates.
+Pre-conference training – EuroFinance regrets that accounting and financial consultants are not permitted to attend this course and will refuse admission on this basis.
Special discounts
25% discount for treasury association members*
Email registrations@eurofinance.com for further information
(*Please note that this discount may not be used in conjunction with any other offer, including the early registration discount).
+Pre-conference training – EuroFinance regrets that accounting and financial consultants are not permitted to attend this course and will refuse admission on this basis.
Special discounts
25% discount for treasury association members*
Email registrations@eurofinance.com for further information
(*Please note that this discount may not be used in conjunction with any other offer, including the early registration discount).
| page: 1 2 3 4 5 6 7 8 9 10 11 | next |
