Creating Shareholder Value with Free Cash Flow and Economic Profit
Total Credits: 8 including 8 Finance - Technical
- Average Rating:
- 48
- Categories:
- Accounting and Auditing | ACPEN Industry Institute | Industry
- Faculty:
- Richard Malekian
- Course Levels:
- Intermediate
- Duration:
- 8 Hours
- License:
Description
This course will offer participants the knowledge and ability to use Free Cash Flow and Economic Profit as business management tools to create value for shareholders. Participants will learn why both Free Cash Flow and Economic Profit are superior to net income in evaluating business performance, and how to use these concepts to analyze current and future investment opportunities. This course will help participants answer questions that all businesses face on a day to day basis such as, 'What is the value of my current business operations?', 'Should I invest in new manufacturing capacity now in order to meet future demand?', and 'Should I divest certain existing businesses today, and how will that impact corporate value?' This webcast will provide the Free Cash Flow and Economic Profit tools that a business professional will need to compete effectively in an economy that is fast moving, and ever changing.
Basic Course Information
Learning Objectives*Evaluate why net income, EBITDA, and cash flow from operations are flawed measures of shareholder value creation
*Determine the three specific shortfalls of net income as a measure of company performance
*Define Free Cash Flow and Economic Profit and describe why they are superior performance metrics for determining shareholder value creation
*Calculate net operating profit after taxes and invested capital as components of Free Cash Flow and Economic Profit
*Determine what return on investment is and how this calculation is used in comparison to cost of capital
*Understand the idea of optimal investment horizon and how this concept can be used to make future investment or disinvestment decisions
Major Subjects
*Free Cash Flow
*Investments
*Analyzing Investment Opportunities
Course Materials
| Creating_Shareholder_Value_Slides | Available after Purchase | ||
| Creating_Shareholder_Answers | Available after Purchase | ||
| Important CPE Credit Instructions_READ BEFORE WEBCAST UPDATED (0.47 MB) | Available after Purchase | ||
| Creating_Shareholder_questions (0.04 MB) | Available after Purchase | ||
| Creating_Shareholder_Value_Q&A (0.01 MB) | Available after Purchase | ||
Faculty
Richard Malekian Related Seminars and Products
President
Richard Malekian is President of Shareholder Value Consultants, Inc., a management consulting firm that specializes in helping client companies create value for shareholders through the implementation of Economic Profit/EVA and Free Cash Flow programs. Those programs include the installation of financial management frameworks within client companies based on Economic Profit/EVA and Free Cash Flow, and the creation of management incentive compensation programs that are linked to those metrics. Additional areas of specialization include the executive education/training of client personnel in Economic Profit/EVA and Free Cash Flow techniques, and the quantification of customer loyalty initiatives using those measurement tools.
His client experience covers several industries, and includes manufacturing services, airlines, chemicals, information technology, retailing, consumer products, and utilities. Prior to founding Shareholder Value Consultants, Mr. Malekian was a Director in the Shareholder Value Management group at PricewaterhouseCoopers, and was also Vice President at Stern Stewart & Company. Earlier in his career, he served as Vice President within the Corporate Finance Group at American Express.
His educational background includes an MBA in Finance fromNew YorkUniversity, and a Bachelor of Science degree in Finance from the Wharton School of Business at theUniversityofPennsylvania.
Additional Info
Basic Course Information
Advanced Preparation NoneCourse Developer Richard Malekian
Designed For Chief Executive Officers, Chief Financial Officers, Financial Analysts, Presidents, Controllers, Finance Students, Financial Managers, Accounting Students
Original Recording Date
August 5, 2014
Prerequisites None
Yellow Book
No
Additional Information
Complaint Resolution Policy Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).Instructional Delivery Method Group Internet Based
Official Registry Statement
Business Professionals' Network, Inc. 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 submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Refund/Cancellation Policy
Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.
Course Registration Requirements
Online Registration
Reviews
| 5 |
|
| 4 |
|
| 3 |
|
| 2 |
|
| 1 |
|