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Certification Program on Financial & Valuation Modeling using Excel

7-day intensive training program where trainees learn financial & valuation modeling in Excel using in a hands-on, case-study approach. The modeling methodologies covered include: TARGET AUDIENCE IB Analysts & Associates Equity research associates Private equity associates Business development analysts Corporate finance analysts Accounting/Treasury/CFO professionals MBAs Students

Training Agenda
Session 1 Excel Best Practices. Session 2 Financial Statement Analysis. Session 3 Macro Economics. Session 4 Relative Valuations. Session 5 Foundation of Financial Modeling. Session 6 Advanced Valuations (DCF). Session 7 Advanced Financial Modeling.

Step-by-step, intuitive approach

PREREQUISITES Financial Accounting Excel Beginner level Each modeling methodology is preceded by conceptual introductions that relate academic coursework to the hands-on step-by-step exercises trainees undertake on their computers in class. The program is a synthesis of Excel modeling, navigating through various financial reports, and the application of accounting, corporate finance, and valuation courses.

What is included?
FORMAT Classroom Training-50 hrs (approx). Duration: 7 days (Weekends) Comprehensive training materials (manuals and online exercises) Detailed reusable modifiable Excel model templates Unlimited e-mail support for content-related questions for 12 months post-seminar Access to online video tutorials on registration (Excel, Accounting, Valuation, Financial video lectures). Certification in Financial and Valuation Modeling. Participants should have basic knowledge of Excel and Financial Accounting. Participants will also need to bring a laptop with Excel version 2003 or higher.

Fees: 15,000/- (inclusive of taxes)

Certification Program on Financial & Valuation Modeling using Excel


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Module 1: Excel Best Practices Excel Basics (Analysts Excel Formulae and functions, VLOOKUP, HLOOKUP, CHOOSE) Graphs and Charts (Twoaxis graphs, Band charts PE, EV/EBITDA, P/Sales, Ratio charts. Pivot Table DATA Tables Macros

Module 2: Financial Statement Analysis Ratio Analysis Liquidity Analysis, Common size statements, Internal liquidity analysis, Operating / Risk / Growth Analysis, DuPont analysis - Return on equity /, Risk analysis Inventory Valuations Depreciation Policies Leases Capitalization vs. Expensing Income Taxes

Date: 26 June to 31 July (All Sundays) Time: 9.30am to 6pm.



Date: 10th July to 14th August (All Sundays) Time: 9.30am to 6pm.



Date: 17th July to 21st August (All Sundays) Time: 9.30am to 6pm.

Module 3: Macro Economics

Module 4: Relative Valuations

What is Macro-Economic? Wealth & Management Gross Domestic Product Macro-economic Management Inflation Interest Rates


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Date: 24 July to 21 August (Saturdays and Sundays) Time: Sat. 2-6pm, Sun. 10-3pm



Commodities Exchange Rate Impact on Equity Markets

Date: 31st July to 4th September (All Sundays) Time: 9.30am to 6pm.

Gathering information Choosing appropriate peer group Calculating equity value and enterprise Value (EV) Normalizing earnings Calculating last twelve months (LTM) Adjusting the enterprise value (EV) Calculating fully diluted shares outstanding (options & convertibles) Equity value multiples: P/E, P/CF, P/BV, PEG, Dividend Yield Calculating various multiples

Certification Program on Financial & Valuation Modeling using Excel

Module 5: Foundation of Financial Modeling

Hands-on working along with the Instructor Overview of Financial Modeling Excel Best Practices Modeling Warm Up Key Financial Statements Working Capital Schedule Depreciation Schedule Amortization Schedule Long Term Items (Others) Schedule Building Income Statement Shareholders Equity Schedule Shares Outstanding Schedule Preparing for Debt & Interest Trouble Shooting

Module 6: Advanced Valuation (Discounted Cash Flow)

Terminal Value (Exit Value, Perpetuity Growth Method). Discount Rate (Cost of Debt, Cost of Equity, CAPM). Sensitivity Analysis (TABLE Function). Equity value multiples: P/E, P/CF, P/BV, PEG, Dividend Yield and Other Valuation Approaches. Asset based valuation, Sum of parts, Mergers and acquisitions comparables, Replacement method; Qualitative factors in valuation cost

management quality.

Module 7: Advanced Financial Modeling (The objective is to do an in- depth analysis of annual reports, dissecting various segments and coming up with most up-to date and correct analysis of the company.)

Annual Report Analysis - analysts dissection of the available information. Professional revenue segment Projections (FMCG, Cigarette, Agriculture). Modeling the Cost Drivers for different segments. Valuations using Sum of Parts, DCF and Relative Valuation Techniques. Suggesting BUY/SELL for ITC.