Financial Markets
“Investment, if you like, is a math exam where the powers that be work out the answers based on new formulae they develop after your papers have been handed in.”
Dr Marc Faber
Quartic Training offers a wide range of financial markets courses that can be tailor-made to your specific requirements. The following brief outlines are not intended to be comprehensive, so please phone 0844 782 7842 to discuss your specific requirements.
Accounting and accounting analysis
One-day introduction to the financial statements, showing the balance sheet, income statement, statement of cash flows, some key ratios and a topical case study. Longer versions, up to four days, including the construction of the financial statements, accounting standards (such as UK or US GAAP vs IFRS), introduction to valuation, more detailed case studies.
Corporate finance
One to three days on topics including corporate structure, sources of capital, cost of capital, the roles of banks, credit creation, mergers and acquisitions (topical case studies where appropriate), time value of money, project appraisal and capital budgeting, primary vs secondary financial markets, valuing debt and equity.
Corporate actions
Half to one day workshop on corporate actions, including balance sheet introduction, dividends, scrip dividends & capitalisation issues, stock splits, rights issues, spin-offs and stock repurchases.
Financial mathematics
One or two-day practical financial mathematics course on time value of money, calculating risk and return, project appraisal, annuities and perpetuities, valuing shares and bonds, spot and forward interest rates.
Equity
One-day Introduction to Business Valuations: financial statements and ratio analysis, relative value multiples, asset valuation, dividend valuation models, free cash flow and cash flow models, cost of capital.
Two- or three-day versions include (in addition to the above) enterprise vs equity valuation, more depth on dividend and cash flow models, shareholder value and EVA®, residual income, CFROI.
Fixed income
One-day introduction to fixed income: sources of capital, money markets, bond markets, time value of money, valuing bonds, bond yields, yield curve, government vs corporate bonds, credit risk, types of bond, introduction to interest rate risk and duration.
Two or three-day versions, including more depth on valuation, risks, duration and convexity, plus embedded options and bond portfolio management.
Derivatives
One-day introduction to derivatives: how the UK market works, forwards & futures, options, swaps, plus basic applications.
Two-day version: as above, plus option strategies, introduction to forward valuation, risk management.
Three-day version: as above, including pricing and valuing of forwards, futures, interest rate swaps and currency swaps, valuing options with Black-Scholes and binomial models, portfolio risk management techniques.
Portfolio management
One-day introduction: equity vs debt, rates of return, measures of risk, two asset and multi-asset portfolios, pricing models, the investment policy statement and portfolio construction.
Two-day version: as above, plus more on asset allocation, bond portfolio management.
Three-day version: as above, plus alternative asset classes (real estate, hedge funds), asset allocation strategies and relative performance, use of derivatives and synthetics.
Financial markets general
One-day introduction to the financial markets (regulations, banks, issuing shares, trading shares, introduction to equity and debt).
Two-day intro to the financial markets (as above, but more on equity, debt and derivatives, plus portfolio management).
Finance for non-financial managers: similar to one- or two-day courses above.
One-day Introduction to Banking: roles and structures of investment/retail/commercial/central banks, front vs back office functions, banking products (money markets, bonds, equities, foreign exchange, derivatives).
Business strategy
Presented in conjunction with Bridges Business Consultancy.
An exciting and highly interactive one/two-day workshop explaining exactly what it takes to implement strategy and provides a framework you can use immediately in your organisation.
Packed with tips on what works and what to avoid on your journey through the implementation maze, the Workshop itself comes alive in preparing you to succeed where so many fail.
Structured on the Bridges’ tool Implementation Compass™ this Workshop shares the eight critical components of implementation and best practice case studies, tips and techniques and ample examples.