Financial Analysis and Valuation

2 DAY TRAINING WORKSHOP
(Workshop is not being offered at this time)

Qualifies for continuing education credits:

• CPE: 19.2
• CFA CE: 16
• CPD

Introduction

This two day course offers a practical introduction to financial analysis, credit assessment, and corporate valuation through integrative application of Excel-based modeling throughout the course.  The course presents standard techniques and modern developments in an innovative, practical, and straightforward manner. The objective is to familiarize those with a limited exposure to finance with practical applications of financial analysis, credit assessment, and corporate valuation. 

At the end of the course, participants will gain a practical understanding of the most recent techniques of financial analysis, credit assessment, and corporate valuation as well as developed their own tools using Excel to implement various analytical approaches.

 The reading material for the course is Robert C. Higgins, “Analysis for Financial Management”, 8^th ed. All participants will receive a physical prior to the course.

Course Contents

The contents of the course are presented as follows.

Assessing the Financial Health of the Firm

• Interpreting financial statements
• Overview of financial statements
• Statement of cash flows
• Exercise:  Building financial statement using Excel

Financial Performance

• Evaluating financial performance
• The DuPont model of assessing performance
• Financial ratio analysis
• Exercise:  Analyzing financial ratios using Excel

Forecasting the future

• Planning future financial performance
• Financial forecasting
• Exercise: Building a financial forecasting model using Excel
  
  

Financial aspects of corporate growth

• Managing growth
• Balanced, sustainable and rapid growth growth
• Exercise: Assessing performance using Excel
  
  

The choice between debt and equity financing

• The financing decision
• The impact of leverage on performance and earnings
• Exercise: Assessing the affects of financial choice on corporate performance using Excel
  
  

Discounting future cash flows

• Evaluating investment opportunities using discounted cash flow techniques
• Calculating future and present values
• Exercise: Evaluating the performance of an investment project using Excel
  
  

Risks of future cash flows

• Risk analysis in investment decisions
• Incorporating risk measurement from market data
• The cost of capital
• Exercise: Calculating the cost of capital using Excel
  
  

Bringing it all together: valuing a business

• Business valuation
• Free cash flow to the firm and free cash flow to equity
• The drivers of corporate valuation
• Exercise:  Building a fundamental valuation model using Excel

Course delivery

The course allow building applications using Excel, solving of minicases, and discussion that will cement understanding in all the participants.

Who should attend?

This course will benefit all those who have not had a direct exposure to financial analysis or valuation previously, but now have come into a position where these are integral part of their managerial responsibilities.  Additionally, the course will benefit those with limited understanding of financial methodologies and those who want to brush-up the fundamentals of financial analysis and valuation.