AAFMTM American Academy of Financial ManagementTMfinancialanalyst.org/AAFM2005Catalogue.pdf ·...

AAFMTM

American Academy of Financial ManagementTM

Hong Kong - Dubai - Brussels - New Orleans - San Francisco

A M E R I C A NA C A D E M Y O FF I N A N C I A LM A N A G E M E N T

A AMF

About AAFM

Mission Statement 2003-2004

Official Recognition

Summary of Other Recognition, Alliances, and AAFM Friends.

AAFMTM Designations List:

Course Outlines

Master Financial Professional (MFP)

Registered Business Analyst (Mini-MBA)

Chartered Wealth Manager (CWM)

Certified Cost Controller (CCC)

Certified Risk Analyst (CRA)

Registered Financial Specialist (RFS)

Master Financial Manager (MFM)

Market Analyst-Financial Analyst Designate (FAD)

Chartered Portfolio Manager (CPM)

Chartered Trust and Estate Planner (CTEP)

Certified Credit Analyst (CCA)

Certified Cash Flow Manager (CCFM)

Certified Financial Assistant (CFA)

Registered Financial Executive (RFE)

Certified Finance Marketer (CFM)

IAS Standards (IAS)

Certified Non-Financial Reporting Analyst

Strategic Management of Business & Technology

Strategic Thinking & Planning

Specialist In-House Programs

Advanced Wealth Management Development Program

Alliance Partners

AAFM™ RSOF™ Royal Society Alliance

AAFM™ Quality, Value, and Price Mix

Partner Universities

2�

2�

3�

3�

4�

5�

6�

8�

10�

11�

12�

14�

15�

16�

17�

18�

19�

20�

22�

24�

26�

27�

30�

33�

36�

39

40�

41�

41�

41�

42

The AAFM was founded in 1996, via a merger between the American Academy of Financial Management & Analysts (AAFMA) and the Founders Advisory Committee of the Original Tax and Estate Planning Law Review. The AAFMA was originally established as a professional organization for investment managers, lawyers, and analysts. The Law Review was founded to examine strategic wealth and estate planning issues for Law, CPA, and MBA graduates and to award the financial analyst and tax designation. AAFM currently recognizes over 20,000 PhDs, Lawyers, CPAs, AACSB Graduates, & Masters Degree Holders as executive members in over 101 nations. AAFM takes pride in holding a membership with superior qualifications, experience, and designations.

AAFM is the regulatory body for the much sought after AAFM Designations and Credentials. The AAFM Executive Designation Programs provides the assurance that the holder has met the suggested criteria for graduate credentials set out in the Ibanez US Supreme Court Decision. Further, the AAFM board certification requires passing 6 different levels of standards. Acceptance into the AAFM is a high distinction and requires the holder to possess a graduate level portfolio of skills and knowledge. Acceptance statistics are not high, and the designation when achieved is a high honor strictly for accredited degree graduates.

The AAFM has seen a meteoric rise to affluence and membership in recent years, as financial executives and managers strive to maintain and augment their education, credentials, integrity, and skill sets. AAFM has strategic partnerships including the RSOF Royal Society of Fellows Worldwide, and AAFM and the RSOF provide the most elite global conferences on finance, tax, investments, law, wealth management, portfolio management, economics, and ecommerce issues.

AAFM's mission is to serve its global membership and stakeholders as a world leader in educating and reinforcing the international knowledge of executives and potential leadership of financial based institutions. AAFM mandates consent to high standards of professional conduct, and AAFM activities are International in nature and scope.

2003-2004 Mission Statment

" Assist in the professional, executive training, and social development of financial professionals interested in investments, financial planning, corporate finance, estate planning, asset management, risk management, taxation, and market and financial analysis. This includes the perspectives of economics, political-legal environmental issues; NGOs; and private enterprises. " Promote and protect the integrity of the AAFM Membership, Training, and Designations both nationally and internationally. " Provide a structure for interaction between members and the professional financial community, business executives, government finance officials, and finance related academic professionals." Enhance employment opportunities for AAFM Members at all levels via networking, training, and outreach." To continue to grow internationally with specialized on-site executive training available at select colleges and training centers.

About AAFMTM

Official Recognition

Other Recognition, Alliances

The American Academy of Financial Management ™ is an independent worldwide society of financial professionals. We

are a global self-regulatory organization that recognizes the highest in educational, experience, ethical, and continuing

education standards as dictated by the Supreme Court decision on financial credentials. © AAFM has members in 100+

countries. AAFM is a professional association member of the AACSB™ International - the Association to Advance

Collegiate Schools of Business.

With liaison provider representative offices in Hong Kong, Dubai, Paris, the Caribbean, New Orleans, Mexico, Brazil, and

San Francisco. AAFM is the only truly worldwide graduate financial organization for financial managers, analysts,

planners, faculty, investment executives and counselors. Further, AAFM is the first purely financial certification training

organization to be sanctioned by the Chinese Government. AAFM is the first Global Financial Organization to achieve

recognition for the AACSB™ Internationally Accredited Business School Education and Training. Further, AAFM has a co-

existence agreement with the CFP Board of Standards and the CFA Institute (Previously named AIMR Worldwide) in

which AAFM will now offer the MFP Master Financial Professional Graduate Designation & the Registered Financial

Specialist Credentials. AAFM has also been recently approved for listing in the US Dept. of Labors Websites along with

other top financial and accounting organizations. AAFM designation and training information have been received and

accepted by NASD Securities Officials in the United States. Additionally, AAFM has made full disclosure for listing and

publication in the NASD National Association of Securities Dealers Brochures.

Unlike many other financial planning organizations, we require a college education from all applicants and traditional

study of financial theory, investments, economics, and ethics. Moreover, with an accredited college degree comes testing,

research, and study in diverse areas of finance. The AAFM Constitution and By-Laws are regulated by a Board of

Standards including several doctorate level professionals, deans, professors, and executives. AAFM is working with 450

colleges around the world to improve and harmonize financial education and training.

AAFM was started by MBAs, Doctorates, and Financial Executives devoted to: research, and competency in financial and

tax related fields. Moreover, financial executives, faculty, lawyers and bankers who specialize in wealth management, tax,

trust, and estate planning came together to craft the designations, education criteria, and credentials that we award

today to the world's finest Practitioners. With liaison offices in Hong Kong, Monterey, Europe and New Orleans, AAFM is

on the Cutting Edge of Financial Executive Training Worldwide.

AAFM has membership that includes top finance professors from colleges around the world such as Stanford, NYU,

AGSM, University of London, Universite de Bourgogne Dijon Cedex, Thunderbird Graduate School, Stockholm School of

Economics, Tulane, BU and others.

AAFM has also been unanimously sanctioned by the American E-Commerce Association, The Wealth Management

Commission, The Tax and Estate Planning Law Review, The Condor Falcon Graduate Institute, and Institute of Certified E-

Commerce Consultants. Other Alliances AAFM recently has applied for special NGO consultative status to the United

Nations.

- AAFM is Professional Association Member of the AACSB™

- AAFM has a global recognition agreement with AACSB™

- AAFM recognizes graduates of AACSB accredited business schools worldwide with MFP™ designation eligibility. Thus, if

you have successfully graduated from an AACSB business school with a concentration in Finance related topics, you are

eligible for the MFP Master Financial Professional Designation.

- AAFM has members in 100+ countries

- AAFM has top Finance Professors from around the world who are members or honorary advisors.

- AAFM has global agreements with the CFA Institute and CFP Board of Standards establishing AAFM's special rights to the

MFP™ Master Financial Professional Designation and Program.

Master Financial ProfessionalTM

" Focus on investments, asset and portfolio management, ethics, regulatory issues, tax, and accounting.

Registered Business AnalystTM (Mini-MBA)

" A strategic MBA refresher with an intensive coverage on innovative and high-powered graduate level

finance, business analysis, and leadership topics.

Chartered Wealth ManagerTM

" Focus on wealth management, high-net worth consulting, and financial sales skills.

Certified Cost ControllerTM

" Focus on advanced cost control, cost management and accounting protocol and techniques.

Certified Risk AnalystTM

" A graduate introduction to risk concepts, theories and systems involved in current day risk management

and analysis methodologies.

Registered Financial SpecialistTM

" Covering financial planning, asset management, investment advising, and insurance topics.

Master Financial ManagerTM

" Focus on corporate finance, risk, accounting, and economic topics with high-level corporate financial

subject matter coverage.

Market Analyst - Financial Analyst DesignateTM

" Focus on financial analysis, international markets, investment management, ethics, and research.

Chartered Portfolio ManagerTM

" Focus on portfolio and fund management, research, portfolio technology, and investing.

Chartered Trust and Estate PlannerTM

" Focus one estate planning, trusts, international tax, family office, utilizing multi-jurisdictional and offshore

knowledge.

Certified Credit AnalystTM

" Focus on the executive coverage of credit evaluation, financial statements, financial projections, cash-

flow analysis, and spreadsheet modeling.

Certified Cash Flow ManagerTM

" Focus on managerial coverage of cash flow accounting protocol, working capital management strategies,

and cash reporting methodologies.

Certified Assistant in FinanceTM

AAFMTM ��Executive Programs


A AMF

Master Financial Professional

Challenges for financial sector professionals and institutions in the 21st Century post-Enron and WorldComIntroduction to the American Academy of Financial Management and the core qualification the Master Financial Professional™

Overview of business vehicles for operation in the corporate environmentReview the various finance mechanisms for supporting aggressive growth in the corporate sphere- Business vehicles- Financing needs and techniques

Overview of market economics and the effects of key influences such as government policy, Federal Reserve announcements and deficit/surplus budgets.Impact of economics on financial marketsUnderstanding impact of economic statementsUnderstanding effects of political events on markets

A structured approach to understanding corporate financial results presented through SFC financial statements. Including using the appropriate formulas, systems and ratios for evaluating the performance of a company along with an explanation of the critical relationships between the balance sheet, profitability and cash flow.Interpretation of financial statementsFinancial ratiosRelationships between balance sheet, profit and loss account and cash flow statements

Overview of corporate regulatory compliance and a detailed review of the regulated market. Including a review of regulatory bodies overseeing the financial services sector, regulator's responsibilities applicable laws, rules and ethics imposed on institutions and professionals.Regulatory framework and underlying principlesRole and responsibility of securities regulatorRole and responsibility of exchange operatorProperty laws and laws of contractConduct rules and ethics

Overview of accessing financing for corporate development- Debt and equity finance- Accessing stock markets

Finance And Market Fundamentals

Finance And Investment Fundamentals

Fundamental principles and theories underlying the operation of financial markets globallyHow market theory and operation adapted to the changes in global economic performance from the depression, through to the crash of the 80s and the dot com boom and bust- Finance and investment fundamentals- Securities and options markets- Corporate debt and debt hybrids

Markets, Funds And Forex Principles

The structure of money markets and assessment of market performanceReview the creation of Bonds, Hedges and Futures, along with Foreign Exchange fundamentals (pegs, devaluations, floating) that have changed with the impact of the gold market- Bond, derivative and money markets- Foreign exchange- Hedge funds

Business Finance

Accessing Finance (Business Finance II)

Market Economics

Financial Analysis And Valuation

Market Regulatory Requirements, Laws and Ethics

Financial Markets II

Financial Markets I

MFP

A view into professional development and management leadership skills required forthe Master Financial Professional in today's business environment. Including exercises and case studies for development of product and pricing plans; marketing and branding elements of product development and promotion; and client relationship management for high-net worth clientele.Managing professional staffOrganisational issues and strategiesMarketing and brand issuesBusiness developmentUnderstanding individual client needs

An overview of managed funds and basic overview of investment management for relationship clients within the institution.The role of managed fundsThe structure of fundsFund types and role of funds for client needs

Managing And Marketing Financial Services And Products

Managed Funds

Master Financial Professional MFP

Registered Business Analyst

1. Analysis of financial statements2. Shareholder wealth maximisation3. Applied corporate finance4. Strategic management and the financial planning process5. Introduction to the "Stock Exchange"6. Cash flow - the lifeblood of business

12. Economics of globalisation13. Understanding cultural differences and their influence on the enterprise14. Market entry, political reality and competitive structures15. Alliances - structure and management16. Organisation, operations and structural control Issues17. Global strategies

(Master Financial Professional)Designed to provide a crash course in MBA Finance techniques, especially for Non-Finance executives. This course will focus on the basic finance survival course within a global enterprise. Provides valuable insight from CFOs and leading Finance Professors on the basics of the financial reporting and operational aspects of a listed company.

18. Using information technology for competitive advantage19. Understanding the Internet's power to alter channel strategies20. Gaining a broader understanding of IT in the context of the company, industry and world21. Building IT-based information age companies22. Emerging technologies and trends

A glimpse into the world of International Business Strategy. This is not a high-level theoretical course component; rather it is a journey into the reality of conducting business on the global stage. As the business boundaries continue to dissolve globally with the impact of globalisation, the Internet and greater market accessibility, the future of your capability as an executive will rely heavily on your ability to understand and collaboratewith International clients, partners and suppliers.

Finance For Non-Financial Executives - 1.5 Days

7. The changing business environment8. Cost control and cost management9. Budgeting10. The Balanced Scorecard and performance management11. Effecting change for cost efficiency

International Business Strategy - 0.5 Days

The manager's role in operational cost control and administration is perhaps the most critical and visible of all requirements in an organisation. All executives have the issues of budget and operational spending but many also have the task of controlling cost behavior and cost allocation. A company can live and die by its ability to control, use and manipulate cash flow and this can be the life-blood of a manager's ability to achieve sustainable profitability.

Module 2 - Day 2

Module 3 - Day 3

Focus on gaining an understanding of current leading IT technologies, such as the Internet and XML, and their impact on business. You can't do business without it.

Module 4 - Day 3

Module 1 - Day 1 and Day 2

RBA

Cost Control And Effective Financial Management - 0.5 Days

IT Management For Non-Technical Executives - 0.5 Days

Marketing is a mechanism for developing and growing your business, but if done incorrectly can be an expensive and misunderstood component of your operations. This course component on Marketing Strategy will give executives an understanding of core marketing requirements within business and the ability to measure marketing efficiency.

Leadership - it is the single quality that all very successful individuals have. It is what you need to lead an organisation to success. Strategic Leadership and Change Management introduce techniques for developing strong leadership skills and an organisation that follows.

23. Developing fast to-market technology for competitive advantage24. Exploring the economics of customer loyalty and total customer satisfaction25. Putting a customer-focused, service profit chain to work26. Formulating an action-oriented marketing plan27. Return on Marketing Investment (ROM)

28. Understanding the difference between leadership and management roles and responsibilities29. Exploring the critical role of leadership in the change process30. Examining leadership patterns for successful transformation initiatives31. Developing negotiation skills

Marketing Strategy And ROMI - 1.0 Days

Leadership And Change Management - 0.5 Days

32. Understanding the relationships dynamic33. Developing organisational capability for a knowledge-based, service intensive business34. Integrating the various functions into a coordinated action plan and35. Designing processes to efficiently move the organisation forward

Strategic Management And Leadership - 0.5 Days

Module 5 - Day 4 Module 6 - Day 5

Registered Business Analyst RBA

Chartered Wealth Manager

Understanding the ethical concepts in wealth management based on different cultural backgrounds and different historical developments. Developing sensitivity towards codes of conducts in different cultures. Strengthening personal skills in handling demanding high-net-worth individuals both in business and in social settings, and how to improve your negotiation skills with customers.

Cultural and psychological frameworks of wealthNegotiation skills and role plays

Develop an integrated service concept for high-net-worth individuals and determine how to implement suitable client segmentation. Understand the consequences of different service and pricing strategies and distribution channel policies. Demonstrate how to build sustainable customer loyalty for high-net-worth individuals, and how to define, implement and secure a service culture perceived as value-added by the client. Furthermore, you will learn about the possibilities provided by modern customer relationship management systems and data-mining techniques and how to apply to the setting of high-net-worth individuals.

Approaches to marketingCustomer behaviour and client segmentation

Wealth Management And Planning

The topic covers the special aspects of wealth management for high net-worth individuals and the comprehension of the major concepts underlying global laws and regulations related to wealth planning. Also, major principles in domestic and international estate and tax planning and how to recognize opportunities for clients will be covered. Furthermore, suitable asset allocation techniques from an integrated perspective, taking finance, financial planning aspects, risk tolerance; lifestyle, life cycle, and estate planning into consideration will be discussed. In a complex wealth management situation, you will be able to integrate the advice given by various counsellors to help facilitate the optimal solution and clients' decisions.�

Financial planning and life cycle models for high-net-worth individualsAsset allocation, client objectives and suitable financial decisionsIntegrated financial planning for entrepreneurs (including laws and taxes governing IPO's and divestitures)International wealth planning for high-net-worth individuals (including trusts, foundations, estate planning, comparative tax laws, mobility and residence)Objectives and strategies of a family office

Management Accounting and Controlling

Marketing For The Financial Industry

Building on classical concepts in portfolio theory, you will learn more advanced applications as they apply to equities, bonds, or hedge fund strategies. You will learn to question and assess asset managers. Furthermore, you will practice how to break down and evaluate various structured products in order to give clients the best advice. Finally, you will gain insights into modern concepts of risk management.

Portfolio managementInvestment policy and agreementsEfficient-market theoriesPerformance measurementInvestment styles fixed-income managementStructured products risk management and operational riskHedge funds tax and insurance aspectsPractical diversification possibilities

Develop the ability to apply modern controlling concepts concerning the profitability of products and customer segments. Understanding the workings of asset and liability management and how to judge the financial status of a company based on balance sheet and profit or loss.

Modern methods of cost calculation for products, services, processes, and clientsMethods of internal cost allocation and their consequencesAsset and liability managementBalance sheet and profit and loss analysisExamples of existing cost calculations and their uses

CWMPortfolio Management, Financial Markets And Risk Management

Interpersonal Skills For Dealing With High-Net-Worth Individuals

Certified Cost Controller

Introduction and course objectivesNeed for cost control and cost managementThe use of cost information in pricing decisionsCost conceptsGeneral cost classificationsProduct costs vs period costsCost behaviour - fixed, variable and mixed costsDirect and indirect costsOpportunity cost and sunk costRelevant range conceptEstimating costs and predicting cost behaviour: high-low method, regression analysisSummary

CCCDay One

Activity Based Costing (ABC)Comparisons with traditional costingDesigning an ABC systemMechanics of ABCBudgetingPurpose and use of budgetingApproaches to budgeting: incremental vs. zero-based budgetingPreparing a budgetThe master budgetSales budgetProduction budgetDirect materials budgetDirect labour budgetManufacturing overhead budgetCash budgetSummary

Day Four

Job costingDirect materialsDirect labourManufacturing overheadEstimating predetermined overhead ratesJob cost sheetsFlow of costs within a job costing environmentProcess costingSimilarities and differences to Job CostingFlow of costs within a process costing environmentEquivalent units of productionPreparing a production reportProcesses, activities, resource consumption

Day Two

Standard costingDefinition of standard costingSetting standardsTypes of variancesVariance analysisTarget costing and reverse engineeringThe Balanced Scorecard and Performance MeasurementStrategy and the Balanced ScorecardFour firm dimensionsCosting human capitalSummary and close of course

Day Five

Cost Volume Profit (CVP) analysisContribution margin conceptContribution margin ratioBreak-even analysisTarget profit calculationsMargin of safety

Day Three

Operating leverage and profit performanceSales mix considerationsVariable vs. absorption costingIncome comparisonsEffect of changes in production on profitCost of Quality (COQ)Summary

Certified Risk Analyst

Understand the concept of market volatility and impact to your business. Included in the topic is detail on the definition of market risk, key sources of market risk, identifying market risk sensitivity and other market triggers and influences.

Market Risk Management

Market Influences

Covering the concepts, theories and systems involved in current day risk management methodologies. Provide a broad grasp and introduction to this five-day intensive course. Including:

What is risk and why worry about it?What are the key risk types?Overview of current and future risk management issues

Liquidity and volatilityInterest ratesForeign exchangeTerm structure

Day 1

CRAAn Introduction To Risk Management

Value at Risk (VaR)Methods of calculating VaRChoice of method

Measuring Market Risk

HedgingSyntheticsPortfolio managementStress Testing

Managing Market Risk

Define credit risk and the type of risks that are common and methods of assessing these risks.

Credit Risk Management

Types Of Risk

The entire day will introduce you to various market simulations and toolsets which will help you in evaluating market risk and determining risk strategies.

Use of Excel in market risk modelsCase Studies and simulations

Default riskSettlement riskCounter party risk

Day 2

Use Of Market Risk Models

Direct risk assessmentPortfolio risk assessment

Assessing Credit Risk

Credit ratingsMeasuring credit riskUse of credit derivatives in risk managementCredit enhancement

Various Other Assessment Models

Understanding operational risk and how your business monitor and protectitself from this risk. Overview of how we capture data from across the enterprise to identify these internally focused risks.

Monitoring operational riskQuantifying operational riskData problems

Day 3

Operational Risk Management

Certified Risk Analyst CRA

Broad corporate, enterprise and market risk factors that impact operations, governance and compliance requirements

Legal riskAccounting riskTax riskOther risk

Day 4

Other Common Risks

Understanding your organisation's risk profile and protecting your organisation from risk. An overview on finding a balance between being risk-adverse - which can materially constrain your operation versus taking too great of risk.

Finding the right balance between risk and reward for your organisationIdentifying and solving communication breakdown between front and back office to maximise risk control

Developing And Implementing Risk Standards

The final day encompasses learning from the four previous days into a workshop- learning model, along with the introduction of specific tools, simulations and case studies to assist in risk assessment and risk mitigation.

Use of models to assess several risksExcel simulationsDetermine how assessment relates to asset or business portfoliosCase studies

Day 5

Practical Assessment Exercises

Define these risks and how do they manifest.Why monitor this risk?Measuring political and sovereign riskPractical effects of political and sovereign risk

Political And Sovereign Risk

Registered Financial Specialist

Asset management conceptsFinance and investment fundamentalsSecurities and options marketsCorporate debt and debt hybridsBond and money marketsForeign exchange

An introduction to the asset management process and to the technical skills that a competent asset manager must posses in order to serve his or her clients successfully. The course will provide the primary concepts of asset management (insurance, investments and estate planning) and their corresponding interrelationship in providing comprehensive personal asset management. This course explores the financial industry and how to develop an asset management practice: including the current economic environment, regulation, reporting and compliance, etc.

RFSFundamentals Of Asset Management And Financial Strategy

Fundamental and technical analysisEfficiency of capital marketsInvestment feesPortfolio theoryAlternative investments

Investments focus on the relationship of risk and return, the contrast between equity and fixed income investments, the mathematic formulas of investing and the analysis of investment theories and strategies. The investment section explores the difference between fundamental and technical analysis, as well as, the modern portfolio theory(asset allocation, diversification, market timing and security selection).

Investment Management and Managed Funds

This module is interwoven with the other modules and represents an ongoing part of the programme. The case-study format differs from the traditional lecture format, in that you must take a more active rolein the learning process. You will develop an asset management strategy and may participate in the presentation of an assetmanagement plan to the class.

Asset Management Strategies And Case Studies

Capital budgetingDividend policyCapital structure policy

This module looks at several important financial decisions from both market and entity perspectives. The signaling effects of key decisions are examined to illustrate the political consequences and visibilityissues that accompany financial decisions that the market rates as significant.

Key Financial Decisions

Role of risk managementEvaluating the need for risk management productsCalculating company cost of capital

The Risk Management module looks at the various types of risk that individuals and businesses face and how they can avoid or manage these risks. After completing the module, you will be in a position to evaluate risk exposure and develop a risk management plan.

Risk Management

Master Financial Manager

This course is a comprehensive introduction to corporate accounting for analysts. The depth of coverage depends on the time allotted for the course. Topics covered include basic accounting concepts; journal entries; balance sheet construction, types of assets and liabilities, the constituents of equity, foreign currency adjustments, treasury stock; the income statement, types of revenues and expenses, variable versus fixed costs, dilution, inventory costing and depreciation methods, cash flow statements overview, and basics of corporate income taxes.

This Wealth Management Certification Course is concerned with financial decision-making and financial instruments and markets. This graduate program teaches candidates to apply economic and financial theory to obtain solutions to financial problems, such as choosing among alternative investment projects and evaluating proposed investment strategies. Courses focus on corporate accounting theory, corporate finance and leadership, investment and portfolio management, risk management, international economics and finance and financial analysis. This graduate program with a corporate finance concentration prepares individuals for careers in corporate finance, corporate leadership, treasury management, banking and insurance, and portfolio management.

Corporate Accounting Professional Overview and DevelopmentsCorporate Finance Global OverviewCorporate Investment and Portfolio Management Corporate Financial Risk ManagementGlobal Economics and Financial MarketsFinancial Analyst Professional Management

MFMOverview in the MFM Courses in Financial Management:

Corporate Accounting Professional Overview and Developments

A comprehensive study of international financial markets, currencies, and concerns. Topics include the nature of foreign exchange risk, determination of exchange rates, Global and Eurocurrency markets, international investments, and the use of futures and options contracts to hedge exchange rate risk.

This module expands on the candidate's existing financial management experience. Topics include estimating cash flows, capital budgeting under uncertainty, raising debt and equity capital, financial restructuring, and financial risk management.

Corporate Finance Global Overview

This modules primary focus is on security valuation and portfolio management. Including security pricing, measurement of risk and return, mean-variance portfolio analysis, capital asset pricing model, factor models, and arbitrage pricing models. Asset classes and portfolio strategies commonly used by global portfolio managers are also studied.

Investment and Portfolio Management

This course exposes executives to the recent developments in the management of exposure to market risk, credit risk, operational risk, etc. Also, an introduction to the products used for risk management, including forwards, options, swaps, caps, collars, and floors.

Financial Risk Management

International Economics and Financial Markets

This executive training module is covers the analysis and interpretation of financial data. Financial analysis makes extensive use of financial ratios so as to evaluate a corporation as an investment prospect and an input for equity valuation. Topics include a quick review of income balance sheets and statements and their use. This leads to a discussion of the ways in which these ratios are used in equity valuation. Participants are exposed to means of using financial ratios and market data to obtain estimates of the growth rates for corporate earnings and how these estimates can be improved upon with the aid of pro forma financial statements.

Financial Analysis Professional Management

Financial Analyst Designate

Understanding the terms and steps associated with analyzing financial statements, including the income statement, the balance sheet and the cash flow statement. By the end of the course, students will have a better picture of what is required in analyzing financial statements and know how to explain their interpretations of the financial information. Financial analysis makes extensive use of financial ratios which are the main tools for evaluating corporate entities. Participants are exposed to techniques by which financial ratios are used to obtain estimates of the forecasted growth rates for corporate earnings and how these estimates can accurate with the aid of pro forma financial statements.

Analysis of Financial Statements

Fundamentals of Equity Valuation

This course covers the various models available for equity valuation. Included are discussions of the dividend discount model, Porter analysis, DuPont decomposition of ROE, sustainable growth rates, and relative valuation. The major deliverable for this course is a comprehensive analysis of a public company, modeled after the well-known Merck case study. Also required is a complete analysis of a convertible bond.

Day 2

Portfolio Management Theory

The module focuses on the management of financial resources by individuals and institutions. A major goal of the course is to provide you with hands-on exposure to the process of portfolio management. To this end, we will discuss a number of portfolio exercises, which deal with "real world" problems. Topics to be covered in this course include: Modern Portfolio Theory, Active Portfolio Management, Behavioral Finance, Risk Management (Value at Risk), International Portfolio Management and Performance Evaluation.

Day 3

Day 1

This module examines the basic beliefs of technical analysts, the history of technical analysis, the method of bar chart construction, and the fundamental principles of technical analysis as applied to these types of charts including support, resistance, trend lines, gaps of various sorts, price patterns, on balance volume, and simple moving average models. The goal is to give the candidate a foundation in the principles of technical analysis if that is all he or she needs, but also to set the stage for more advanced theory use in technical analysis. Topics covered would expose the candidate to: trend lines, stochastics, relative strength index, momentum, Bollinger Bands, moving averages, candlestick charts, put call ratios, on balance volume, and directional movement study.

Technical Analysis for the Market Analyst

This module offers a basic overview of global financial institutions and markets. This section will examine the underlying economic processes and factors that drive the markets, such as capital formation, demand for credit, and funding issues. It also examines global regulatory structures governing the markets with emphasis on the role of the Federal Systems EU US and other. Discussion focuses on global banking systems; the disintermediation of U.S. commercial banks, exchanges, and other financial institutions; and the equity (common and preferred stock, IPOs), government bond, and foreign currency markets. The role of monetary and fiscal policies in efficient markets, including rational and adaptive expectations and equilibrium frameworks. The candidate would be exposed to macroeconomic determinants of exchange rates and interest rates and the development of economic growth theory with particular emphasis on the role of capital markets in the growth process.

Day 5

Day 4

FAD

Global Economics and Financial Markets - Macro and Micro Graduate Overview

Chartered Portfolio Manager

The executive training module focuses on the theoretical basis of finance. Students learn the fundamentals of interest rates, present value, and portfolio theory and explore ways basic cash market instruments and derivative products affect investment return. Topics include inter-temporal choice, utility bond theory, the capital asset pricing model, and the dividend discount model. The mathematics of bond pricing and the components of return are highlighted along with the theories of the yield curve, separation theorem and Modigliani-Miller propositions.

Introduction to Investment Strategy

Equity and Securities Valuation

This executive training module covers the various models available for equity valuation. Included are discussions of the dividend discount model, (Michael) Porter analysis, ROE, sustainable growth rates, and relative valuation. Fundamental to this module is a comprehensive analysis of a public company, modeled after the well-known case study. Also required is a complete valuations analysis of specific types of bonds.

Day 2

Global Investment Strategy

This executive training module provides an integrated framework describing the investment process in global markets. We start with explanations of what affects the foreign exchange markets and the forecasting techniques to predict currency dynamics. This would include an overview of the benefits of international diversification, and studies in global equity markets, emerging markets stocks and bonds, and the global bond markets. The conclusion of the module includes building global portfolios including equities, fixed income instruments, alternative and emerging investments, and the currency hedges.

Day 3Day 1

This course develops financial analysis skills from the view of an outsider using a corporation's publicly available financial statements. Techniques such as common size statements, and ratio analysis. This module will discuss the adjustment of financial statements to reflect accounting choices, and forecasting future operating results by business segments. The student will also learn and work with alternative valuation models including the dividend discount model and the growth model to value a company.

Financial Statement and Security Analysis

Exposes the candidate to Portfolio Management, securities selection and including the use of derivatives as a risk management technique. Risk Management allows portfolio managers to structure portfolios to achieve a specified level of risk and expected return.

Day 5

Day 4

CPM

Derivatives and Risk Management

Chartered Trust and Estate Planner

The CTEP advisory board has determined that

a competent personal trust professional's

expertise includes the following knowledge

areas:

Professional Knowledge Areas

This executive training module exposes the

candidate to advanced financial topics

including wealth accumulation and

distribution, asset transfer, tax planning, and

retirement planning. A full discussion of

insurance products including life, property,

health disability, casualty and catastrophic

coverage insurance. Last, techniques to transfer

assets during a client's lifetime through

planned gifts as well as after death through a

will or testamentary trust.

Trust Management and Fiduciary Obligations

This executive training module covers the

fundamental aspects of trust law & documents

and their granted fiduciary powers, duties, and

responsibilities within the scope of applicable

law). The candidate should already understand

basic fiduciary relationships and activities that

are essential to traditional administration.

Then, this module covers the trustee's

responsibilities relative to investing trust

assets such as specific securities laws, relevant

ethical issues, and the prudent person &

prudent investor rule

The candidate will be instructed on the

Fundamentals of the Tax Code related to

taxation of trusts, personal income and

retirement assets. Discussion of trust taxes, the

scope and requirements of gift taxes, estate

taxes and generation skipping transfer taxes.

Taxation Module (Income, Gift and Estate Planning)

A complete discussion of the fundamentals of

client portfolio management and the economic

markets including various types of investments

(including securities instruments). The

candidate will learn more about defining the

types of investments used in trusts such as cash

and liquid, fixed income, equity, mutual fund,

and other. The latter part of this lecture will

expand on the methods used to select and

analyze stock and bond investments. Other

topics include: The mechanics of portfolio

management, economic influences regarding

trust investments, including the Federal

Reserve, business cycles, and economic

indicators, and the legal considerations that

affect decisions regarding trusts.

CTEP

Trusts and Investment Management

Personal Financial Planning, Estates, and Risk Management

Certified Credit Analyst

Introduction and objectives of the courseThe need for cost control and cost managementThe use of cost information in pricing decisionsCost conceptsGeneral cost classificationsProduct costs vs period costsCost behaviour - fixed, variable and mixed costsDirect and indirect costsOpportunity cost and sunk costThe relevant range conceptEstimating costs and predicting cost behaviour: high-low method,regression analysisSummary

CCADay One

Activity Based Costing (ABC)Comparisons with traditional costingDesigning an ABC systemThe mechanics of ABCBudgetingPurpose and use of budgetingApproaches to budgeting: incremental vs zero-based budgetingPreparing a budgetThe master budgetSales budgetProduction budgetDirect materials budgetDirect labour budgetManufacturing overhead budgetThe cash budgetSummary

Day Four

Job costingDirect materialsDirect labourManufacturing overheadEstimating predetermined overhead ratesJob cost sheetsFlow of costs within a job costing environmentProcess costingSimilarities and differences to Job CostingFlow of costs within a process costing environmentEquivalent units of productionPreparing a production reportProcesses, activities, resource consumption and the firm value chainSummary

Day Two

Standard costingWhat is it?Setting standardsTypes of variancesVariance analysisTarget costing and reverse engineeringThe Balanced Scorecard and Performance MeasurementStrategy and the Balanced ScorecardThe four firm dimensionsCosting human capitalSummary and close of course

Day Five

Cost Volume Profit (CVP) analysisContribution margin conceptContribution margin ratioBreak-even analysisTarget profit calculationsThe margin of safety

Day Three

Operating leverage and profit performanceSales mix considerationsVariable vs Absorption costingIncome comparisonsEffect of changes in production on profitCost of Quality (COQ)Summary

Certified Cash Flow Manager

Accounting profit v cashIncome v expenseProfit manipulationInternational accounting issuesConstructing Financial StatementsCash flow statementsConstructing a basic set of financial statementsEmphasising financial integration and the need for cash flow disclosures

Day1

CCFMDeriving Cash Flow - The Importance Of Cash

Case study - Tesco plc

Profit qualityEBITDAEBITDA convertibilityCash from operationsFree cash flow (pre & post capex)Maintenance capexInvestment capexCash based interest coverMarginal gearing proportion

Day 2 Analysing The Cash Flow Statement


Cash gearing ratiosCash flow to interest expenseCash flow coverage of fixed financial cost coverageCash flow to long term debtCash flow ratio analysisLiquidity, solvency and financial adaptabilityCurrent ratioQuick ratioCash ratioCash burn and cash crunchWorking capital managementInventory days / inventory turnoverReceivable days / receivable turnoverPayable days / payable turnoverCash operating cycleApplying the analysis to Safeway plc

Cash Based Ratio Analysis

Case study - Safeway plc

Applying the analysis to Safeway plcCase study - Safeway plc

Analysing A Live Company

Cash flow statementsDeriving cash flowDirect approach cash flow preparationCash from customersCash paid to suppliersOther operating cash flowsIndirect approach: cash flow preparationOperating activitiesInvesting activitiesFinancing activities

Cash Flow Derivation


Cash flow statements (continued)Reconciliation from net income v EBITUS v IAS v UKConverting UK to US / US to UKGenerating comparable cash flowsCase study - Tesco plcAnalysing cash flow

International Cash Flow Issues

Cash flow manipulationManipulating cash flow classificationsLeasingCapitalisation of costsJoint venture and associatesCase study - Tesco plcManaging cash flow

Manipulating Cash Flow Disclosures

Managing working capitalInvoice discounting v debt factoringTo discount or not?Discounting calculations

Day 3 Managing Working Capital I

Case Study / Exercises: using a discount ready reckoner

Economic order quantity - stock controlMiller-Orr and Baumol modelsSweepingTypes of cash sweepZero balance poolingNotional poolingWhy sweep

Managing Working Capital II

Case Study / Exercises

Managing capital structure to maximise cashCash implications of debt v equityTheories of gearingTraditional theoriesM&M 1958 (no taxes)M&M 1963 (taxes)Financial leverageOperating leverage

Managing Cash Finance

Case study / Exercises

Certified Cash Flow Manager CCFM

Cash efficient debt instrumentsVanilla debtAmortising loansZeros and discounted debt instrumentsRevenue bondsInterest rate risksUsing interest rate swaps to manage cash interest obligationsCash flow volatilit

Day 4Managing Cash Flow


Elements of discountingWeighted average cost of capitalCost of new equityCost of internal equityCost of debtMarket v book valuesCapital asset pricing modelRisk free ratesMarket risk premiumsBetas

Day 5Capital Budgeting


Managing foreign currency cash flow risksTransaction riskTranslation riskEconomic riskManaging risks using derivativesForeign currency accountsForward contractsFuturesOptionsCurrency swaps

Managing Foreign Currency Cash Flow Risk


Accounting impact of using derivatives (IAS 39)New rules on accounting for derivativesFinancial assets and liabilitiesHeld to maturity financial assetsAvailable for sale financial assetsTrading financial assetsFair value accountingAccounting for derivatives, using interest rate swaps as the vehicle

Accounting For Derivatives


The time value of moneyDiscount factors and discount ratesAnnuitiesPerpetuitiesRisk v return

Introduction To Discounting


Cash budgetingMethods of budget preparationFunctional cash budgetingMaster cash budgetsPutting a full cash budget together

Developing Cash Budgets


Cash flow appraisal techniques7 drivers of cash flowSales growth ratesEBIT marginsWorking capital to sales ratioCapex to sales ratioCompetitive advantage periodTax ratesWACCRelevant cash flowsSunk costsOpportunity costsPayback periodsDiscounted payback periods

Cash Flow Appraisal Techniques I


Cash flow appraisal techniquesDiscounted cash flowNet present valuesCash flow return on investmentDiscounted economic profitAdjusted present valueInternal rates of returnCritical sensitivities

Cash Flow Appraisal Techniques II


Using the financial statements of Tesco plc and associated equity researchdelegates will attempt to place a valuation on the company

Valuing A Company


Certified Financial Assistant

The accounting recordsIncome vs expenditureAssets vs liabilitiesThe basic interaction between the financial statementsThe world of accounting (brief overview)Capital vs revenue expenditureOther terminology and jargon

Day1

CFAThe Accounting Process - From Transactions To Financial Information

Case study - Tesco plc An Applied Review Of A Set Of Financial Statements Which Will Develop Key Accounting Concepts And Balances

Why?AccrualsPrudenceSubstanceTrue and fairMateriality

Day 2

The Accounting Rule Book

The Driving Force Behind Financial Information

The role of the finance functionDifferent types of accountantsFinancial accounting vs management accounting

Meeting Those Needs

LiquidityGearingWorking capital

Analysis Of The Balance Sheet

Double Entry Bookkeeping

Double Entry Bookkeeping

The Users Of Financial Information And Their Different Needs

Intangible assetsTangible assetsCurrent assetsPrepaymentsCashProvisionsAccrualsLiabilitiesShare capital and reserves

Balance Sheet

Profit marginsReturn on capital employedAsset turnoverEBITDAInterest coverEPS (basic)Dividend per share (basic)

Analysis Of The Profit And Loss Account

The categorisations withinThe inter-relationshipDepreciationTaxationRevenue recognitionCase Study: Tesco plc - Navigating Around An Annual Report

Profit And Loss Account vs Balance Sheet

Why they are producedContentsWhat to look forWhat they don't show

The Annual Financial Statements

Basic entriesrial balanceExtracting basic financial statements¢Group Exercise IConstructing a set of financial statements¢Group Exercise II�Constructing a set of financial statementsAnalysis Of The Financial Statements - applied to the previous group exercise

Cash flow and cash managementCash vs profitCash flow statements - the relationship with other financial information¢Group Exercise:Analysing Accounts To Identify Cash Movements

The Mechanics Of Financial Statement Preparation

Day 3Calculating And Analysing Ratios For Tesco plc

The Cash Flow Statement

Certified Financial Assistant CFA

Day 4 Day 5

Reconciling profit to cash flowConstructing a cash flow statement¢Group Exercise:Producing Basic Cash Flow Statements

Deriving A Cash Flow Statement

Working capital managementEBITDA convertibilityCash based interest coverFree cash flow - what is it and how can we use it?¢Group Exercise:Analysing Basic Cash Flow Statements

Analysing A Cash Flow Statement

Introduction To Management AccountingCosting - Essential Tools For Effective Management

¢Group Exercise:Analysing The Tesco plc Cash Flow StatementExamining Accounting Problem Areas Investigating Problematic Areas Of The Financial Statements- Provisions- Leasing

Direct vs indirect costsLabour cost and learning curves (how to calculate a learning effect)Fixed vs variable costsOverheadsAllocation, apportionment and absorption

Project Appraisal - The Investment Decision

Return on capital employedWhy it's used, what it tells us and it's limitationsPayback period and short-termismDiscounted cash flows (DCF), net present value (NPV) & internal rate of return (IRR)�¢Group Exercise:Investment Appraisal And Maximising Gains�The cost of capitalWeighted average cost of capitalManaging capital structure

Introduction To Company Valuation

Company ValuationWhy value a company?What drives value?How to value a company - two main methodsComparable companiesDiscounted cash flow valuationBasic CAPMCase study - Valuing Tesco plc

Review Of The Last Five Days And Open DiscussionClose Of Course

Planning And Budgetary Control

Financial vs management accountingExpectations of management accounting and what can be done to improve the information flowPurposes of budgetsThe links with the strategic plan and cultureBudgets as motivatorsTypes of budgets (eg. zero / priority based budgets)Methods of budget preparation and the budget cyclePost-budgeting reviewVariance analysis, how and why it is performed

¢Group Exercise:LeasingCapitalisation of interestCapital and reservesCapital maintenanceNet debt

¢Group Exercise:Overhead AllocationBreak even analysisEnsuring fixed costs are covered

Registered Financial Executive

Examination of up-to-date comparative financial performance studies, surveysComparison of financial statements - profit and loss, balance sheet and cash flow What financial indicators to look for in customers, and how to manage problems identified

Framework and regulations within both financial and management accountsGenerally accepted accounting practice and the mindset of scorekeepers

RFEReview Of The Fundamentals: Profit And Loss, Balance Sheet, Cash Flow

Cash flow versus profitabilityFixed, variable, direct and indirect costsBreak-even analysis - historic and predictive

Basic Business Economics Revisited

Impact of economics on financial marketsUnderstanding impact of economic statementsUnderstanding effects of political events on markets

Market Economics

Review Of Relative Financial Performance

Examination of standard versus activity based costing and the implications for planning and decision makingUnderstanding the implications of casual analysis of cost and identification of cost drivers to cost planning and management

The financial issues and dynamics underlying the selling of various servicesManaging the eternal triangle of price, volume and market sharePricing and costing - setting selling price, estimating volumes, coping with price sensitivity and elasticity of demand

Review Of Current Financial Issues

Overview of environmental analysis, competitor analysis and strategy developmentAn examination of budgets as a breakdown of the strategic plan into manageable interactive activitiesTheir use, content and role as part of the planning and control processReview of financial reports as a reflection of the planning and control process

Financial Analysis And Evaluation - Business Planning, Budgeting And Financial Reports

Traditional analysis of cost structure into fixed and variable cost and the significance of this classification in planningThe role and limitations of contribution and break-even analysis in short term planning and decision making

Financial Analysis And Evaluation - Cost Planning And Management

Financial Analysis And Evaluation - Cost Planning And Management (Total Costing)

Registered Financial Executive RFE

The traditional approach of rigid annual budgets, standard costs and corresponding variance analysis versus the modem approach of rolling forecasts linked to continuously updated standard costs; what are other businesses doing at the "cutting edge" of budgeting?�Links from budgeting to cash flow forecasting, project appraisal and management informationWhat is the impact on a marketing plan if cash and income focuses are not correctly balancedWhat directors need to consider and do differently when managing a business that focuses on cash flow rather than just incomeProjecting cash requirements

Budgeting

A formalised approach to improving management information, the current shift from the traditional P&L with cost and variance analysis to specifically formulated and targeted information; how to create your own specific KPIs, selective/segmented and non-financial performance indicators.�Towards a more "Balanced Scorecard" approach of holistic management information

Other Performance Indicators

Managing professional staffOrganisational issues and strategiesMarketing and brand issuesBusiness developmentUnderstanding individual client needs

Business vehiclesFinancing Needs and TechniquesDebt and Equity financeAccessing Stock Markets

Business Finance

Managing and Marketing Financial Services and Products

What determines corporate structure and how it links to financial structuresRole, function and activities of treasury functionsCash flow problemsPractical tips for better cash flow managementCash management within profit, cost and investment centered organisationsPros, cons and pitfalls for the unwaryDealing with the shifting emphasis from an income to a cash measured businessWithin joint ventures managers are required to control cash as well as income issuesNeed to establish what the cash/working capital situation would be if a joint venture was a new entity rather than a carry over from both parentsHow to manage the critical topics of cash and working capitalAdvantages and disadvantages of managing a business entirely on income resultsAdvantages and disadvantages of managing entirely on cash and the strategic impact if this is not managed correctly

Cash And Treasury Management

Certified Finance Marketer

Impact of globalisation and changing banking industry paradigmsChanging customers; changing customer wants, needs and behavioursDecreasing customer loyalty and the impacts on bank marketingThe blurring lines of banks and other financial services

Understanding the behavioural drivers for retail customers (individuals and small businesses) and private banking clientsUnderstanding the behavioural drivers of institutions and business to business bankingMarketing research and how it helps marketers make decisionsSegmentation, Targeting and Positioning - how banks find, target and develop relationships with valuable segments in the banking marketSegmenting and positioning in retail banking marketsSegmenting and positioning in institutional banking market

Day 2

Developing new banking products and services

Understanding banking products and what they do for customersProduct development and product portfolio managementServices marketing and how services require different strategiesThe vital role of brand and brand managementBrand as the key differentiator - establishing, positioning and sustaining brand equity and loyalty

Day 3

Day 1

The role of Integrated Marketing CommunicationsThe characteristics of effective communicationsElements of an effective communication mixPlanning marketing communications campaigns

Promotion and Communication

The importance of relationships for customersThe importance of relationships for banksComponents of an effective relationshipCreating and sustaining relationship strategies

Day 5

Day 4

CFM

Relationship Marketing and Customer Relationship Management

The changing marketing environment for banks

Consumer behaviour and its impact on bank marketing

The role of marketing strategy in corporate strategyThe value concept in banking - customer value for banks and creating value for customersValue creation as a sustainable competitive advantage for banks

The role of Marketing

Competing on convenience and accessibilityDeveloping channel strategiesChannels as a differentiatorThe importance of integrating channel with other marketing strategyThe role of on-line channels for promotion, relationship and fulfilment

Place or distribution channels

Components of an effective marketing planProcesses that produce successful plansUsing analysis to establish marketing objectives and strategiesImplementing and monitoring the plan to maximise outcomes

Marketing strategy development, planning and implementation

Pricing strategies

Managing the price - volume - profit equationCustomer understandings of price and how they can be managedCompeting effectively on price and how to avoid price warsCase Studies: Commonwealth Bank, Barclays Bank and First Chicago Bank

IAS STANDARDS

The Standard Setting SystemInternational Accounting Standards BoardInternational AcceptanceIASB Framework - The Conceptual Foundation of IAS standards

Day1

IAS

International Accounting Standards Setting Framework

THE FINANCIAL STATEMENTS

THE CONCEPTUAL FRAMEWORK GENERAL STATEMENT REQUIREMENTS

Changes in Accounting EstimateFundamental ErrorsExtraordinary ItemsAbnormal ItemsChanges in Accounting Policy/Treatment

Treatment of Errors/Changes, Extraordinary and Abnormal Items and Changes in Accounting Policies

AssetsLiabilitiesEquityRevenueExpenses

The Fundamental Definitions and Recognition

Conditions Existing at Balance Sheet DateConditions Arising After Balance Sheet DateGoing Concern AssumptionOther Post-Balance Sheet Events

Day 2

Post-Balance Sheet Date Events

GENERAL STATEMENT REQUIREMENTS (CONTINUED)

Basis of SegmentationDefinition of SegmentsPrimary and Secondary SegmentsDisclosures Required

Segment Reporting

Basic and diluted net incomeWhat dilution for EPS?FormulaSpecial treatments for dilution

Earnings per Share

Minimum contentCondensed statementsSelected notes showing changesSpecial disclosuresAccounting policies

Interim Reporting

Accounting Fundamentalso Fair presentationo Policieso Going concern assumptiono Accrual basiso Other considerations

The Required Statementso Balance Sheeto Income Statemento Cash Flow Statemento Changes in Equity Statement

Other Information"True and Fair" ViewCurrent and NoncurrentRole of Interpretations

Presentation of Financial Statements

Cash and Cash EquivalentsOperating ActivitiesInvesting ActivitiesFinancing ActivitiesSpecial Issues: Taxes, Non-Cash Flow Transactions

Cash Flow Statements

IAS STANDARDS IASDefinitionDisclosures

Related Party Disclosures

When to discloseSeparation from main operationsDisclosures

Discontinuing Operations

Day 3

Consolidation/Associates/Joint Ventures

TREATMENTS FOR ASSETS AND LIABILITIES

TREATMENT OF BUSINESS ENTITIES

PresentationDisclosureRecognitionFair value measurementRemeasurementExceptionsImpairment lossesControl of financial instrumentsHedging and hedge accounting

Day 4

Financial Instruments

TREATMENTS FOR ASSETS AND LIABILITIES (CONTINUED)

DefinitionExceptionsFair value v costApplication to all investment property

Investment Property

Stages of completionExpected lossesCost recovery methodDisclosure

Construction Contracts

General treatmentFIFO/LIFO/Average costWrite DownsDisclosure

Consolidationo What is a subsidiaryo Eliminating internal transactionso Cost v revaluation v equity methodo Disclosures

Investments in Associateso Definitiono Equity v cost

Interests in Joint Ventureso Definitiono Jointly controlled operationso Jointly controlled assetso Jointly controlled entities

Inventories

RecognitionDepreciation v Fair valueRevaluationsDisclosures

Property, Plant and Equipment

Finance lease v operating leaseLessor treatmentLessee treatment

Leases

Purchase Methodo Definitiono Recognitiono Goodwillo Treatmentso Provision for restructuringo Negative goodwill

Pooling of Interests Methodo Definitiono Carry forwardo No goodwillo Restatement

Business Combinations

RecognitionExpense treatmentCost v revaluationBest estimate amortizationDisclosure

Intangible Assets

IAS STANDARDS IASIdentification of ImpairmentTesting for impairmentMeasurement of recoverable amountNet selling price v value in useRecognitionTreatment of reversalsInterdependent cash inflowsDisclosures

Impairment of Assets

When to recognize a provisionProhibitions on recognitionMeasurementRecognition of related gains and reimbursements

Provisions, Contingent Liabilities and Contingent Assets

MeasurementRecognitionSpecial Issues

o Serviceso Interesto Dividendso Doubtful debts

Matching with ExpensesDisclosures

Financial Instruments

TREATMENTS FOR REVENUES

Accruing tax liabilities, assets, losses and creditsMeasurementProhibited deferrals and accrualsCapitals gains

Day 5

Income Taxes

TREATMENTS FOR EXPENSES

Pension Planso Defined contribution planso Defined benefit plansProjected unit credit methodDiscount rateMeasurementAmortisation of excessOther recognitionsOther Benefits

Employee Benefits

Expensing v CapitalisationMeasurementCapitalisation rateSuspension

Borrowing Costs

Effects of Changing PricesGovernment Grants and AssistanceReporting by Retirement Benefit PlansForeign Exchange Rate ChangesHyperinflationary EconomiesBank and Financial Institution DisclosuresAgriculture

OTHER ITEMS

CONCLUDING REMARKS


"Companies Are Looking for the Performance Measures That Drive Financial Results"

By Attending This Five Day Executive Programme, You Will Be Able To:

- Analyze the strengths and weaknesses of existing management reports.

- Learn the tools for linking financial measures with non-financial measures

- Understand the Balanced Scorecard methods to link reporting with strategy

- Measure specific requirements e.g. Supply Chain & Service businesses

- Measure Intangibles and their impact on Financial results

- Understand trends in non-financial reporting

Who Should Attend :- Management Accountants

- Financial Accountants

- Financial Officers

- Practising Accountants

- Strategic Business Advisers

- CFOs

- Business Analysts

Programme Overview

Many companies have traditionally built their management reports around financial numbers and budget

position with little emphasis on the non-financial measures that are the value drivers of revenue growth and

cost reduction.

Accounting and finance professionals are being challenged by their companies to build skills in non-financial

reporting so that their role in reporting becomes more of strategic business advisor than financial number-

cruncher.

This program will build skills in the tools and methods that underpin the non-financial reporting requirements of

companies.

Programme Objective

The goal of this course is to provide you with skills that can be immediately used upon return to your workplace.

Attendees will learn to use reporting tools to support business strategies that are broader than the traditional

financial and management reports. The learning will build on case studies based around these non-financial

reporting tools and link them back to business strategy. The course will also provide metrics to monitor

performance over time.


Day 1 : Saturday

Day one sets the scene for the implementation of procedural reform and improved credit analysis procedures

by reviewing the framework of credit analysis and regulatory requirements for organizations operating globally.

Role of the Credit Analyst

The role of the credit analyst

Stakeholders and their priorities

The credit analyst's network and resources

Group ExerciseDefine the key stakeholders in your organization involved in credit risk and management

Credit Analysis ProceduresThe credit analysis process

Regulatory issues - concerns about model generated analyses

Group ExerciseConduct a health-check on the key credit analysis processes currently enabled in your organization

Day 2 : Sunday

Day two starts the process of looking at specific financial analysis methods and models, including Cash Flow

Analysis, Debt Servicing, Capital Management and Financial Projections. These tools are designed to give you a

core understanding of the various areas of financial credit risk that offer short and long-term exposure to an

organizations financial health.

Financial AnalysisCash flow analysis - EBITDA versus SFAS 95

Debt service coverage - How do you properly account for various conditions such as real estate holdings,

excessive owner compensation, timing issues, etc.

Adequacy of working capital, liquidity, and leverage position and control

Group ExerciseUsing the tools you have reviewed, determine a high-level executive summary of the performance of some

key organizations similar to your own.

Financial Statement AnalysisConsolidated statements versus individual entity statements

Analyzing projections

Group ExerciseUsing a common-value method, analyse the performance of some key enterprise similar to your own.


Day 3 : Monday

After examining key mechanisms for measuring performance of an entity based on financial statement analysis, we

look at structuring loans, collateral and debt instruments. In addition to Credit Structure we look at Distressed Debt

and managing

Structuring a Credit to Minimize RiskProper loan structuring recommendations

Collateral coverage analysis

Loan covenant considerations

Guarantor analysis

Group ExerciseFormulating A Balanced Scorecard

Distressed DebtEvaluating investment opportunities in debt heavy businesses

Reviewing restructuring opportunities

Day 4 : Tuesday

Day four leads you into specific Reporting requirements and the production of non-financial risk analyses. Specific

management analysis techniques delve into Situational Awareness, Market Potential, Customer Behavior and

Segmentation, Company Fit, and SWOT/PEST Analyses.

Report Writing: Non-Financial Risk Analysis

Management risk analysis

- Situational Awareness and Market Analysis

- SWOT/PEST Analyses

Business/industry risk analysis

- Competitive Factors

- Industry versus Company Fit

Group ExerciseComplete a SWOT and PEST Analysis of your organization

Day 5 : Wednesday

Day five examines Advanced Credit Analysis and Management techniques through various analytical techniques and

testing methodologies.

Advanced Analytical Techniques

Sustainable growth analysis

Break-even analysis

Stress testing of relationship

Group Exercise:Develop a BEP Analysis for a specific department or product-line and Stress Test


'If you don't know where you are going then any direction will get you there!' So goes the old proverb.

Unfortunately for many managers and organisations this continues to be the story of their approach to

planning and strategic decision making. But in an increasingly competitive and turbulent world and

business environment this is no longer enough, and effective strategic managers need to take control. Too

often the roads that are taken are congested with other 'traffic' or worse - dead ends. So an essential skill for

today's business leaders is the ability to identify a successful possible future for the organisation, define a

path to get there, acquire the necessary resources and then motivate and lead their people to get there.

And two key, if not essential ingredients, to the success of the modern organisation is the ability of a

strategic manager to create and integrate effective technology and innovation strategies with the broader

business strategy and direction of the firm, organisation or business unit. This new seminar will focus on

developing strategic thinking and planning skills and incorporating the critical technologies and

innovations that can make that happen.

Introduction

This intensive five day seminar will carefully consider how to:

- Generate strategic possibilities for the organisation

- Create enduring strategic and competitive advantage

- Identify and analyse trends in the organisation's operating environments

- Understand strategic spaces and strategic positioning

- Identify and prioritise strategic issues

- Stimulate, evaluate and implement effective technology and innovation strategies as a means of gaining

strategic advantage

- Manage turbulence and change

Key Benefits

- To identify the difference between strategic thinking and strategic planning

- To apply strategic analysis to the organisation's operating environments

- To apply a model for developing possible strategic futures for the organisation

- To recognise the role of technology and innovation as strategic enablers

- To apply the strategic management process to generate effective strategies and action plans

- To understand the nature of global competition and how to compete globally

- To generate and communicate strategic directions and plans

- To understand how to effectively manage change and show strategic leadership

Course Objectives


In an increasingly uncertain and technologically driven business world, organisations and the staff that

work for them need clearly defined direction, goals and a pathway for achieving these goals. Organisations

need a competitive edge and need innovative products, processes and people to give them that edge.

Without this they are like boats without a rudder, drifting whichever way the wind and currents of events

take them. To make this happen needs the leadership of high-performing and highly skilled managers who

understand and can develop effective and efficient strategic directions enabled by sound and

differentiated technology and innovation strategy.

ORGANISATIONAL IMPACT

Each participant will develop a clear understanding of how to create effective strategies, build competitive

advantage and enable these through intelligent use of technology and innovation. You will leave knowing

how to develop a strategic plan and deploy the resources needed to achieve your corporate and business

unit goals. You will leave being able to make a real strategic difference.

PERSONAL IMPACT

This seminar is designed for managers in all industries who are involved with the strategic planning,

management and leadership process for their unit or the whole organization including strategic analysis,

strategy design, communicating, implementing, leading and managing strategic change.

WHO SHOULD ATTEND?

- Strategic analysis

- Strategic planning

- Strategic leadership

- Technology planning

- Generating and managing innovation

- Change management

- Communicating strategy

COMPETENCIES ADDRESSED IN THE SEMINAR


THE STRATEGIC MANAGEMENT PROCESS

Understanding strategy and its role in modern organisations

Analysing strategic trends and strategic drivers in the business environment

Developing a strategic vision and mission

Setting objectives

Developing strategies that achieve the objectives

Effective implementation and execution

Evaluation, monitoring and correction

Managing change

Day 1

STRATEGIC CAPACITY BUILDING

Understanding and building strategic and competitive advantage

Analysing the strategic competences of the organisation

Identifying and developing strategic resources and capabilities

Identifying strategic strengths and weaknesses

Recognising the relationship between strategy & structure

The impact of decision and reward systems

Evaluating technology and innovation systems

Day 3

DEVELOPING EFFECTIVE INNOVATION & TECHNOLOGY STRATEGIES

Understanding the strategic role of technology

Incorporating technology into strategic thinking and planning

Recognising the changing role of technology strategy over time

Models of the innovation process

Identifying and stimulating innovation

Evaluating and implementing innovation

Developing and managing new products and services

Knowledge as a competitive driver

Day 4

COMMUNICATION, IMPLEMENTING AND LEADING THE STRATEGIES

Capturing and communicating the strategies

The importance of strategic leadership

Managing and leading change

Stimulating and responding to feedback

The implementation process

The reasons plans fail and how to avoid them

Day 5

ANALYSING THE ORGANISATION'S COMPETITIVE ENVIRONMENT

Identifying strategic spaces and strategic gaps

Understanding and analysing critical macro and micro-environmental forces

Competing in stable environments

Competing in turbulent environments

Competing in global markets

Analysing and prioritising strategic issues

Identifying opportunities and threats

Developing strategic futures and scenarios

Day 2


'If you don't know where you are going then any direction will get you there!' So goes the old proverb.

Unfortunately for many managers and organisations this continues to be the story of their approach to

planning and strategic decision making. But in an increasingly competitive and turbulent world and

business environment this is no longer enough, and effective strategic managers need to take control. Too

often the decisions are made without a clear understanding of what is impacting on the business, what is

likely to impact on it and what focus and future outcomes the stakeholders of the business are expecting.

So an essential skill for today's business leaders is the ability to identify a successful plausible future for the

organisation, define a path to get there, acquire the necessary resources and then motivate and lead their

people to get there. And two key, if not essential ingredients, to the success of a modern organisation are

the ability of a strategic manager to analyse and interpret the forces of the operating environments, and

the capacity to define outcomes (objectives) and strategies. This seminar will focus on developing strategic

thinking and planning skills and incorporating the critical strategic analysis and interpretation skills and

strategy development tools and techniques to define and lead a strategic pathway to success.

Introduction

This intensive five day seminar will carefully consider how to:

- Generate strategic possibilities for the organisation

- Create enduring strategic and competitive advantage

- Identify, analyse and interpret key strategic trends in the organisation's operating environments

- Understand strategic positioning

- Identify strategic priorities

- Develop and lead properly reasoned strategic responses

- Manage pathways to business success

Key Benefits

- To identify the difference between strategic thinking and strategic planning

- To apply strategic analysis to the organisation's operating environments

- To apply a model for developing possible strategic futures for the organisation

- To apply the strategic management process to generate effective strategies and action plans

- To understand the nature of strategic or competitive advantage

- To generate and communicate strategic directions, outcomes and plans

- To understand how to effectively manage change and show strategic leadership

Course Objectives


In an increasingly uncertain and turbulent business world, organisations and the staff that work for them

need clearly defined direction, goals and a pathway for achieving these goals. Organisations need a

competitive edge and need differential competitive products, processes and people to give them that

edge. Without this they are like boats without a rudder, drifting whichever way the current of events take

them. To make this happen needs the leadership of high-performing and highly skilled managers who

understand and can develop effective and efficient strategic directions enabled by sound and

differentiated strategy.

ORGANISATIONAL IMPACT

Each participant will develop a clear understanding of how to create effective strategies, build competitive

advantage and enable these through intelligent use of strategy. You will leave knowing how to develop a

strategic plan and deploy the resources needed to achieve your corporate and business unit goals. You will

leave being able to make a real strategic difference.

PERSONAL IMPACT

This seminar is designed for managers in all industries who are involved with the strategic planning,

management and leadership process for their unit or the whole organization including strategic analysis,

strategy design, communicating, implementing, leading and managing strategic change.

WHO SHOULD ATTEND?

- Strategic analysis

- Strategic planning

- Strategic leadership

- Change management

- Communicating strategy

COMPETENCIES ADDRESSED IN THE SEMINAR


THE STRATEGIC MANAGEMENT PROCESS

Understanding strategy and its role in modern organisations

Analysing strategic trends and strategic drivers in the business environment

Developing a strategic vision and mission

Setting objectives

Developing strategies that achieve the objectives

Effective implementation and execution

Evaluation, monitoring and correction

Managing change

Day 1

SETTING OBJECTIVES AND DEVELOPING STRATEGIES

Interpreting corporate objectives, visions and mission and environmental analyses to generate objectives

Translating strengths & weaknesses into strategies

Developing and enhancing competitive advantage

Balancing long and short term strategic priorities and demands

Structuring for strategic success

The importance of decision and reward systems

Developing realistic Action Plans

Day 3

EFFECTIVE IMPLEMNTATION - MEASUREMENT, REVIEW AND CORRECTION

Identifying and monitoring the rights strategic key performance indicators

Monitoring and reviewing the strategic actions and outcomes

The importance of strategic assumptions - and how to monitor and adjust the plan to cope with change

Exploiting success and coping with set-backs

Evaluating and developing strategic technology and systems

Day 4

COMMUNICATING AND LEADING THE STRATEGIES

Capturing and communicating the strategies

The importance of strategic leadership

Managing and leading change

Stimulating and responding to feedback

The implementation process

The reasons plans fail and how to avoid them

Day 5

ANALYSING THE ORGANISATION'S COMPETITIVE ENVIRONMENT

Identifying strategic spaces and strategic gaps

Understanding and analysing critical macro and micro-environmental forces

Competing in stable environments

Competing in turbulent environments

Competing in global markets

Analysing and prioritising strategic issues

Identifying opportunities and threats

Developing strategic futures and scenarios

Day 2

AAFMTM Special In-House Programs


A AMF

AAFM and our partners have expertise in delivering training publicly and in-house in a variety of areas across the banking and finance spectrum. The three key areas of training in this specialist Banking program are: Frontline Customer Service Staff Relationship, Financial Planning and Wealth Management Specialist, and Senior Wealth Managers, Team Leaders, Private Banking specialists

Specialist In-House Programs

Duration: 35-40 hours (conducted over 5 days)Suggested Content: a. Intro to WM b. Basic Relationship Selling c. Lead Generation Activity d. Product Introduction (Features & Benefits)

Traditional Bank ProductsMutual FundsLife InsuranceHealth InsuranceGeneral InsuranceStructured Savings Plans/TrustsEquities

Certification: Registered Financial Specialist (RFS)

Advanced Wealth Management Development Program(Advanced Diploma in Wealth Management)

Level 1 - Branch and Front-Line Staff

Duration: 35-40 hours (conducted over 5 days) * 2 = 80 Hours Total (Total of 10 training days in two separate 5 day courses)Pre-Req: CWM entry requirement or 10 years Banking/Finance experience

Content:

Week 1 - Advanced Sales and Marketing Concepts,Advanced Sales Team Leading/Management,Solutions Building & Problem Solving Through Financial ProductsSelling Plans, and Setting KPI's, Incentivisation and Team Performance Management

Week 2 - Managing Wealth of SHNWI,Managing and Constructing Large-Scale Portfolios,Managing Inherited Wealth,Capital Markets Structure, etc

Certification: Master Wealth Manager (MWM)

Notes:The MWM qualification is the highest qualification in the Wealth Management specialty offered by the AAFM. This qualification is awarded only to those who have reached the highest global standard in wealth management and private banking client and opportunity management.

Prior to implementing the "in-house customized program" for CWM and MWM, program design is required, which includes incorporating existing leads generation and sales proceses into the training program. We anticipate15 man days to do this.

Level 3: WM Sales Team Leaders and Key

Duration: 35-40 hours (conducted over 5 days) and 2*4 hours (follow-up half-days)Suggested Content: a. Advanced financial planning concepts & models b. Advanced Relationship Selling, etc c. Detailed WM solution oroduct structure including:

Mutual FundsTerm Life, Annuity and other Life ProductsOther protection productsStructured Savings Plans including FundsEquities, Bonds

Certification: Chartered Wealth Manager (CWM)

Level 2 - Relationship Managers and Senior WM Operational Staff

This is focused on offering accredited training programs, technical finance competence and best-practice customer response training. Certification and accreditation will be provided according to the three defined competency levels under the American Academy of Financial Management's Advanced Wealth Management Development Program. The three levels of training are as follows:

Alliance Partners

AAFM has an Exclusive Alliance with the Royal Society of Fellows, RSOF. The RSOF is an elite group of over 1000 finance, economics, and legal experts from around the world. All RSOF members are members of the AAFM. The RSOF and AAFM are working together on conferences, journals, law review publications, wealth management seminars, and globalization. The RSOF and AAFM alliance is distinctly qualified to assist China in the WTO transitions.

AAFM is working with academic and governmental officials worldwide to offer quality training, offer localized courses along with a reasonable price structure. All other organizations are not as flexible as AAFM with regard to building this relationship.

AAFM™ RSOF™ Royal Society Alliance

AAFM™ Quality, Value, and Price Mix


Over 400 AACSB™ Accredited Colleges who offer AAFM MFP Master Financial Professional™ Approved Education in Finance Worldwide. "The AACSB™ is the World's Highest International Accreditation Authority for the best Busines Schools." The AAFM Board of Standards has approved 435 business school financial majors as MFP-Model Curriculums (listed below).Under the global mutual recognition agreement, any graduate from one of 435 AACSB™ business schools with a major or concentration in finance would be eligible for the Master Financial Professional MFP Designation

The American Academy of Financial Management Board of Standards has officially recognized (on Feb. 11th,

2003) All AACSB™ Accredited Business Schools. Any graduate who is awarded a Finance Degree from an

AACSB™ Recognized College or Business School will be eligible for the MFP Master Financial Professional

Designation™ after meeting the AAFM™ requirements of experience, ethics and continuing education.

AAFM™ Working with 435 Universities Worldwide

435 Accredited Colleges WorldwideAustralian Graduate School of Management (Australia)

Fundacao Getulio Vargas, Sao Paulo (Brazil)

University of Alberta (Canada)

University of Calgary (Canada)

University of Manitoba (Canada)

Memorial University of Newfoundland (Canada)

Queen's University (Canada)

University of Toronto (Canada)

Concordia University (Canada)

Universite Laval (Canada)

Adolfo Ibanez University (Chile)

Pontificia Universidad Catolica de Chile (Chile)

INCAE (Costa Rica)

ESSEC Business School - Paris (France)

HEC - Paris (France)

University of Mannheim (Germany)

University College Dublin (Ireland)

Keio University (Japan)

Instituto Tecnologico Autonomo de Mexico (ITAM) (Mexico)

Instituto Tecnologico y de Estudios Superiores de Monterrey - Campus Monterrey (ITESM) (Mexico)

Rotterdam School of Management (Netherlands)

Maastricht University (Netherlands)

Universiteit van Tilburg (Netherlands)

King Fahd University of Petroleum and Minerals (Saudi Arabia)

Seoul National University (South Korea)

Escuela Superior de Administracion y Direccion de Empresas (ESADE) (Spain)

Instituto de Empresa (Spain) �

United Arab Emirates University (UAEU) (United Arab Emirates)

Ashridge (United Kingdom)

Accredited Colleges WorldwideCranfield University (United Kingdom)

Henley Management College (United Kingdom)

London Business School (United Kingdom)

The University of Manchester (United Kingdom)

Galilee College Bahamas*

University of Warwick (United Kingdom)

The University of Alabama (USA - Alabama)

University of Alabama at Birmingham (USA - Alabama)

University of Alabama in Huntsville (USA - Alabama)

Auburn University (USA - Alabama)

Auburn University Montgomery (USA - Alabama)

Birmingham-Southern College (USA - Alabama)

Jacksonville State University (USA - Alabama)

University of Montevallo (USA - Alabama)

Samford University (USA - Alabama)

University of South Alabama (USA - Alabama)

Tuskegee University (USA - Alabama)

University of Alaska Anchorage (USA - Alaska)

University of Alaska Fairbanks (USA - Alaska)

The University of Arizona (USA - Arizona)

Arizona State University (USA - Arizona)

Arizona State University West (USA - Arizona)

Northern Arizona University (USA - Arizona)

Thunderbird, The American Graduate School of International Management (USA - Arizona)

University of Arkansas (USA - Arkansas)

University of Arkansas at Little Rock (USA - Arkansas)

Arkansas State University (USA - Arkansas)

Arkansas Tech University (USA - Arkansas)

University of Central Arkansas (USA - Arkansas)

Henderson State University (USA - Arkansas)

Ouachita Baptist University (USA - Arkansas)

University of California, Berkeley (USA - California)

University of California, Davis (USA - California)

University of California, Irvine (USA - California)

University of California, Los Angeles (USA - California)

California Polytechnic State University, San Luis Obispo (USA - California)

California State Polytechnic University, Pomona (USA - California)

California State University, Bakersfield (USA - California)

California State University, Chico (USA - California)

California State University, Fresno (USA - California)

California State University, Fullerton (USA - California)

California State University, Hayward (USA - California)

California State University, Long Beach (USA - California)

California State University, Los Angeles (USA - California)

California State University, Northridge (USA - California)


Accredited Colleges WorldwideCalifornia State University, Sacramento (USA - California)

California State University, San Bernardino (USA - California)

Chapman University (USA - California)

Claremont Graduate University (USA - California)

Loyola Marymount University (USA - California)

Monterey Institute of International Studies (USA - California)

Naval Postgraduate School (USA - California)

University of the Pacific (USA - California)

Pepperdine University (USA - California)

University of San Diego (USA - California)

San Diego State University (USA - California)

University of San Francisco (USA - California)

San Francisco State University (USA - California)

San Jose State University (USA - California)

Santa Clara University (USA - California)

University of Southern California (USA - California)

Stanford University (USA - California)

University of Colorado at Boulder (USA - Colorado)

University of Colorado at Colorado Springs (USA - Colorado)

University of Colorado at Denver (USA - Colorado)

Colorado State University (USA - Colorado)

University of Denver (USA - Colorado)

Fort Lewis College (USA - Colorado)

University of Northern Colorado (USA - Colorado)

U.S. Air Force Academy (USA - Colorado)

University of Connecticut (USA - Connecticut)

Fairfield University (USA - Connecticut)

University of Hartford (USA - Connecticut)

Quinnipiac University (USA - Connecticut)

Yale University (USA - Connecticut)

American University (USA - D.C.)

The George Washington University (USA - D.C.)

Georgetown University (USA - D.C.)

Howard University (USA - D.C.)

University of Delaware (USA - Delaware)

University of Central Florida (USA - Florida)

University of Florida (USA - Florida)

Florida Atlantic University (USA - Florida)

Florida International University (USA - Florida)

Florida State University (USA - Florida)

University of Miami (USA - Florida)

University of North Florida (USA - Florida)

Rollins College (USA - Florida)

University of South Florida (USA - Florida)

Stetson University (USA - Florida)


Partner Universities Accredited Colleges Worldwide

The University of Tampa (USA - Florida)

University of West Florida (USA - Florida)

Augusta State University (USA - Georgia)

Clark Atlanta University (USA - Georgia)

Emory University (USA - Georgia)

University of Georgia (USA - Georgia)

Georgia College & State University (USA - Georgia)

Georgia Institute of Technology (USA - Georgia)

Georgia Southern University (USA - Georgia)

Georgia State University (USA - Georgia)

Kennesaw State University (USA - Georgia)

Morehouse College (USA - Georgia)

State University of West Georgia (USA - Georgia)

Valdosta State University (USA - Georgia)

University of Hawaii at Manoa (USA - Hawaii)

Boise State University (USA - Idaho)

University of Idaho (USA - Idaho)

Idaho State University (USA - Idaho)

Bradley University (USA - Illinois)

University of Chicago (USA - Illinois)

DePaul University (USA - Illinois)

Eastern Illinois University (USA - Illinois)

University of Illinois at Chicago (USA - Illinois)

University of Illinois at Urbana-Champaign (USA - Illinois)

Illinois Institute of Technology (USA - Illinois)

Illinois State University (USA - Illinois)

Loyola University Chicago (USA - Illinois)

Northern Illinois University (USA - Illinois)

Northwestern University (USA - Illinois)

Southern Illinois University Carbondale (USA - Illinois)

Southern Illinois University Edwardsville (USA - Illinois)

Western Illinois University (USA - Illinois)

Ball State University (USA - Indiana)

Butler University (USA - Indiana)

Indiana University, Bloomington/Indianapolis (USA - Indiana)

Indiana University Kokomo (USA - Indiana)

Indiana University-Purdue University Fort Wayne (USA - Indiana)

Indiana University South Bend (USA - Indiana)

Indiana University Southeast (USA - Indiana)

Indiana State University (USA - Indiana)

University of Notre Dame (USA - Indiana)

Purdue University (USA - Indiana)

University of Southern Indiana (USA - Indiana)

Valparaiso University (USA - Indiana)

Drake University (USA - Iowa)

University of Iowa (USA - Iowa)


Accredited Colleges Worldwide

Iowa State University (USA - Iowa)

University of Northern Iowa (USA - Iowa)

Emporia State University (USA - Kansas)

University of Kansas (USA - Kansas)

Kansas State University (USA - Kansas)

Pittsburg State University (USA - Kansas)

Wichita State University (USA - Kansas)

University of Kentucky (USA - Kentucky)

University of Louisville (USA - Kentucky)

Murray State University (USA - Kentucky)

Northern Kentucky University (USA - Kentucky)

Western Kentucky University (USA - Kentucky)

Grambling State University (USA - Louisiana)

University of Louisiana at Lafayette (USA - Louisiana)

University of Louisiana at Monroe (USA - Louisiana)

Louisiana State University (USA - Louisiana)

Louisiana State University in Shreveport (USA - Louisiana)

Louisiana Tech University (USA - Louisiana)

Loyola University New Orleans (USA - Louisiana)

McNeese State University (USA - Louisiana)

University of New Orleans (USA - Louisiana)

Nicholls State University (USA - Louisiana)

Northwestern State University of Louisiana (USA - Louisiana)

Southeastern Louisiana University (USA - Louisiana)

Southern University and A & M College (USA - Louisiana)

Tulane University (USA - Louisiana)

University of Maine (USA - Maine)

University of Southern Maine (USA - Maine)

University of Baltimore (USA - Maryland)

Loyola College in Maryland (USA - Maryland)

University of Maryland (USA - Maryland)

Morgan State University (USA - Maryland)

Salisbury University (USA - Maryland)

Towson University (USA - Maryland)

Babson College (USA - Massachusetts)

Bentley College (USA - Massachusetts)

Boston College (USA - Massachusetts)

Boston University (USA - Massachusetts)

Clark University (USA - Massachusetts)

Harvard University (USA - Massachusetts)

University of Massachusetts-Amherst (USA - Massachusetts)

University of Massachusetts-Boston (USA - Massachusetts)

University of Massachusetts-Dartmouth (USA - Massachusetts)

University of Massachusetts-Lowell (USA - Massachusetts)

Massachusetts Institute of Technology (USA - Massachusetts)

Northeastern University (USA - Massachusetts)

Suffolk University (USA - Massachusetts)


Accredited Colleges WorldwideCentral Michigan University (USA - Michigan)

University of Detroit Mercy (USA - Michigan)

Eastern Michigan University (USA - Michigan)

Grand Valley State University (USA - Michigan)

The University of Michigan (USA - Michigan)

The University of Michigan-Dearborn (USA - Michigan)

The University of Michigan-Flint (USA - Michigan)

Michigan State University (USA - Michigan)

Michigan Technological University (USA - Michigan)

Northern Michigan University (USA - Michigan)

Oakland University (USA - Michigan)

Wayne State University (USA - Michigan)

Western Michigan University (USA - Michigan)

University of Minnesota (USA - Minnesota)

University of Minnesota, Duluth (USA - Minnesota)

Minnesota State University, Mankato (USA - Minnesota)

St. Cloud State University (USA - Minnesota)

Jackson State University (USA - Mississippi)

Millsaps College (USA - Mississippi)

University of Mississippi (USA - Mississippi)

Mississippi State University (USA - Mississippi)

The University of Southern Mississippi (USA - Mississippi)

Central Missouri State University (USA - Missouri)

University of Missouri-Columbia (USA - Missouri)

University of Missouri-Kansas City (USA - Missouri)

University of Missouri-St. Louis (USA - Missouri)

Saint Louis University (USA - Missouri)

Southeast Missouri State University (USA - Missouri)

Southwest Missouri State University (USA - Missouri)

Truman State University (USA - Missouri)

Washington University in St. Louis (USA - Missouri)

University of Montana (USA - Montana)

Montana State University (USA - Montana)

Creighton University (USA - Nebraska)

University of Nebraska-Lincoln (USA - Nebraska)

University of Nebraska at Omaha (USA - Nebraska)

University of Nevada, Las Vegas (USA - Nevada)

University of Nevada, Reno (USA - Nevada)

Dartmouth College (USA - New Hampshire)

University of New Hampshire (USA - New Hampshire)

The College of New Jersey (USA - New Jersey)

Fairleigh Dickinson University (USA - New Jersey)

Monmouth University (USA - New Jersey)

Montclair State University (USA - New Jersey)

New Jersey Institute of Technology (USA - New Jersey)

Rider University (USA - New Jersey)

Rowan University (USA - New Jersey)


Accredited Colleges WorldwideRutgers-The State University of New Jersey-Camden (USA - New Jersey)

Rutgers-The State University of New Jersey-Newark (USA - New Jersey)

Seton Hall University (USA - New Jersey)

University of New Mexico (USA - New Mexico)

New Mexico State University (USA - New Mexico)

University at Albany, State University of New York (USA - New York)

Alfred University (USA - New York)

Baruch College-The City University of New York (USA - New York)

Binghamton University, State University of New York (USA - New York)

University at Buffalo, State University of New York (USA - New York)

Canisius College (USA - New York)

Clarkson University (USA - New York)

Columbia University (USA - New York)

Cornell University (USA - New York)

Fordham University (USA - New York)

Hofstra University (USA - New York)

Iona College (USA - New York)

Long Island University - C.W. Post Campus (USA - New York)

Marist College (USA - New York)

New York University (USA - New York)

Niagara University (USA - New York)

Pace University (USA - New York)

Plattsburgh State University of New York (USA - New York)

Rensselaer Polytechnic Institute (USA - New York)

University of Rochester (USA - New York)

Rochester Institute of Technology (USA - New York)

St. John's University (USA - New York)

State University of New York College at Brockport (USA - New York)

State University of New York College at Geneseo (USA - New York)

State University of New York College at Oswego (USA - New York)

Syracuse University (USA - New York)

Union College (USA - New York)

Appalachian State University (USA - North Carolina)

Duke University (USA - North Carolina)

East Carolina University (USA - North Carolina)

The University of North Carolina at Chapel Hill (USA - North Carolina)

The University of North Carolina at Charlotte (USA - North Carolina)

The University of North Carolina at Greensboro (USA - North Carolina)

University of North Carolina at Wilmington (USA - North Carolina)

North Carolina A & T State University (USA - North Carolina)

North Carolina State University (USA - North Carolina)

Wake Forest University-Babcock (USA - North Carolina)

Wake Forest University-Calloway (USA - North Carolina)

Western Carolina University (USA - North Carolina)

Winston-Salem State University (USA - North Carolina)

The University of North Dakota (USA - North Dakota)

North Dakota State University (USA - North Dakota)


Accredited Colleges WorldwideUniversity of Akron (USA - Ohio)

Bowling Green State University (USA - Ohio)

Case Western Reserve University (USA - Ohio)

University of Cincinnati (USA - Ohio)

Cleveland State University (USA - Ohio)

University of Dayton (USA - Ohio)

John Carroll University (USA - Ohio)

Kent State University (USA - Ohio)

Miami University (USA - Ohio)

The Ohio State University (USA - Ohio)

Ohio University (USA - Ohio)

University of Toledo (USA - Ohio)

Wright State University (USA - Ohio)

Xavier University (USA - Ohio)

Youngstown State University (USA - Ohio)

University of Oklahoma (USA - Oklahoma)

Oklahoma State University (USA - Oklahoma)

The University of Tulsa (USA - Oklahoma)

University of Oregon (USA - Oregon)

Oregon State University (USA - Oregon)

University of Portland (USA - Oregon)

Portland State University (USA - Oregon)

Willamette University (USA - Oregon)

Carnegie Mellon University (USA - Pennsylvania)

Clarion University of Pennsylvania (USA - Pennsylvania)

Drexel University (USA - Pennsylvania)

Duquesne University (USA - Pennsylvania)

Indiana University of Pennsylvania (USA - Pennsylvania)

La Salle University (USA - Pennsylvania)

Lehigh University (USA - Pennsylvania)

University of Pennsylvania (USA - Pennsylvania)

The Pennsylvania State University (USA - Pennsylvania)

The Pennsylvania State University at Harrisburg (USA - Pennsylvania)

University of Pittsburgh (USA - Pennsylvania)

Saint Joseph's University (USA - Pennsylvania)

University of Scranton (USA - Pennsylvania)

Shippensburg University (USA - Pennsylvania)

Susquehanna University (USA - Pennsylvania)

Temple University (USA - Pennsylvania)

Villanova University (USA - Pennsylvania)

Widener University (USA - Pennsylvania)

Bryant College (USA - Rhode Island)

The University of Rhode Island (USA - Rhode Island)

The Citadel (USA - South Carolina)

Clemson University (USA - South Carolina)

Coastal Carolina University (USA - South Carolina)

College of Charleston (USA - South Carolina)


Accredited Colleges WorldwideUniversity of Akron (USA - Ohio)

Bowling Green State University (USA - Ohio)

Case Western Reserve University (USA - Ohio)

University of Cincinnati (USA - Ohio)

Cleveland State University (USA - Ohio)

University of Dayton (USA - Ohio)

John Carroll University (USA - Ohio)

Kent State University (USA - Ohio)

Miami University (USA - Ohio)

The Ohio State University (USA - Ohio)

Ohio University (USA - Ohio)

University of Toledo (USA - Ohio)

Wright State University (USA - Ohio)

Xavier University (USA - Ohio)

Youngstown State University (USA - Ohio)

University of Oklahoma (USA - Oklahoma)

Oklahoma State University (USA - Oklahoma)

The University of Tulsa (USA - Oklahoma)

University of Oregon (USA - Oregon)

Oregon State University (USA - Oregon)

University of Portland (USA - Oregon)

Portland State University (USA - Oregon)

Willamette University (USA - Oregon)

Carnegie Mellon University (USA - Pennsylvania)

Clarion University of Pennsylvania (USA - Pennsylvania)

Drexel University (USA - Pennsylvania)

Duquesne University (USA - Pennsylvania)

Indiana University of Pennsylvania (USA - Pennsylvania)

La Salle University (USA - Pennsylvania)

Lehigh University (USA - Pennsylvania)

University of Pennsylvania (USA - Pennsylvania)

The Pennsylvania State University (USA - Pennsylvania)

The Pennsylvania State University at Harrisburg (USA - Pennsylvania)

University of Pittsburgh (USA - Pennsylvania)

Saint Joseph's University (USA - Pennsylvania)

University of Scranton (USA - Pennsylvania)

Shippensburg University (USA - Pennsylvania)

Susquehanna University (USA - Pennsylvania)

Temple University (USA - Pennsylvania)

Villanova University (USA - Pennsylvania)

Widener University (USA - Pennsylvania)

Bryant College (USA - Rhode Island)

The University of Rhode Island (USA - Rhode Island)

The Citadel (USA - South Carolina)

Clemson University (USA - South Carolina)

Coastal Carolina University (USA - South Carolina)

College of Charleston (USA - South Carolina)

Francis Marion University (USA - South Carolina)

University of South Carolina (USA - South Carolina)

University of South Carolina-Aiken (USA - South Carolina)


Accredited Colleges WorldwideFrancis Marion University (USA - South Carolina)

University of South Carolina (USA - South Carolina)

University of South Carolina-Aiken (USA - South Carolina)

University of South Carolina Spartanburg (USA - South Carolina)

South Carolina State University (USA - South Carolina)

Winthrop University (USA - South Carolina)

University of South Dakota (USA - South Dakota)

Belmont University (USA - Tennessee)

East Tennessee State University (USA - Tennessee)

The University of Memphis (USA - Tennessee)

Middle Tennessee State University (USA - Tennessee)

University of Tennessee at Chattanooga (USA - Tennessee)

University of Tennessee at Knoxville (USA - Tennessee)

University of Tennessee at Martin (USA - Tennessee)

Tennessee State University (USA - Tennessee)

Tennessee Technological University (USA - Tennessee)

Vanderbilt University (USA - Tennessee)

Baylor University (USA - Texas)

University of Houston (USA - Texas)

University of Houston-Clear Lake (USA - Texas)

University of Houston-Downtown (USA - Texas)

Lamar University (USA - Texas)

University of North Texas (USA - Texas)

Rice University (USA - Texas)

St. Mary's University (USA - Texas)

Sam Houston State University (USA - Texas)

Southern Methodist University (USA - Texas)

Southwest Texas State University (USA - Texas)

Stephen F. Austin State University (USA - Texas)

The University of Texas at Arlington (USA - Texas)

The University of Texas at Austin (USA - Texas)

The University of Texas at Dallas (USA - Texas)

The University of Texas at El Paso (USA - Texas)

The University of Texas-Pan American (USA - Texas)

The University of Texas at San Antonio (USA - Texas)

The University of Texas at Tyler (USA - Texas)

Texas A&M University (USA - Texas)

Texas A&M University-Commerce (USA - Texas)

Texas A&M University-Corpus Christi (USA - Texas)

Texas A&M International University (USA - Texas)

Texas Christian University (USA - Texas)

Texas Southern University (USA - Texas)

Texas Tech University (USA - Texas)

Trinity University (USA - Texas)

Brigham Young University (USA - Utah)

University of Utah (USA - Utah)

Utah State University (USA - Utah)

Weber State University (USA - Utah)


Accredited Colleges WorldwideUniversity of Vermont (USA - Vermont)

College of William and Mary (USA - Virginia)

George Mason University (USA - Virginia)

James Madison University (USA - Virginia)

Longwood University (USA - Virginia)

Norfolk State University (USA - Virginia)

Old Dominion University (USA - Virginia)

Radford University (USA - Virginia)

University of Richmond (USA - Virginia)

University of Virginia-Darden (USA - Virginia)

University of Virginia-McIntire (USA - Virginia)

Virginia Commonwealth University (USA - Virginia)

Virginia Polytechnic Institute and State University (USA - Virginia)

Washington and Lee University (USA - Virginia)

Eastern Washington University (USA - Washington)

Gonzaga University (USA - Washington)

Pacific Lutheran University (USA - Washington)

Seattle University (USA - Washington)

Seattle Pacific University (USA - Washington)

University of Washington (USA - Washington)

Washington State University (USA - Washington)

Western Washington University (USA - Washington)

Marshall University (USA - West Virginia)

West Virginia University (USA - West Virginia)

Marquette University (USA - Wisconsin)

University of Wisconsin-Eau Claire (USA - Wisconsin)

University of Wisconsin-La Crosse (USA - Wisconsin)

University of Wisconsin-Madison (USA - Wisconsin)

University of Wisconsin-Milwaukee (USA - Wisconsin)

University of Wisconsin-Oshkosh (USA - Wisconsin)

University of Wisconsin-Parkside (USA - Wisconsin)

University of Wisconsin-Whitewater (USA - Wisconsin)

University of Wyoming (USA - Wyoming)

University of Wyoming (USA - Wyoming)

AAFM is working hard to provide top global financial conferences this year in:

- China- Geneva Switzerland- Barbados, Carribean- Dubai, UAE (Office Opening Scheduled December 2004)

Member Countries and Offices

AAFMTM American Academy of Financial ManagementTMfinancialanalyst.org/AAFM2005Catalogue.pdf ·...

Documents

Transcript of AAFMTM American Academy of Financial ManagementTMfinancialanalyst.org/AAFM2005Catalogue.pdf ·...