The characteristics of debt and equity are analyzed, including how to account for new debt and equity issues. Finally some of the most important ratios are covered. The financials are modeled for a variety of time periods: weekly, quarterly and annually. The last part of the session is dedicated to building up the FRICTO framework – a comprehensive tool to address the key issues faced by a corporation when making capital structure decisions. Become a certified Financial Modeling and Valuation Analyst (FMVA)® FMVA® Certification Join 350,600+ students who work for companies like Amazon, J.P. Morgan, and Ferrari by completing CFI’s online financial modeling classes and training program! Delegates then build a simple LBO model. This session focuses on modeling in different currencies and the related issues. Spreadsheet work and real cases are used throughout the session. Delegates will then look at some recent JP Morgan equity and credit research to see how financial analysis is presented in research reports. Delegates will build a fully integrated forecasting model with the focus on monthly forecasting in the first year. Cash Flow and Credit Analysis for Potentially Stressed Companies. Delegates are introduced to preparing a transaction multiples matrix using LTM earnings. During the session we use simple exercises to gradually build up a simple but complete pension forecast model. Market risk and profit and loss from a bond position is explored. This module addresses the practical problems of quarterly (or six-monthly) forecasting and modeling. We use the accounts of some failing firms as case studies. Discover Strategic Finance – one of the best finance courses for senior executives This is just what IMD’s Strategic Finance program is designed to do. During this session delegates learn the accounting rules to incorporate equity investments in the consolidated accounts and work on several examples by preparing proforma financials for a variety of cases. how to build a three statement model using a detailed revenue forecast with price and volume drivers. The focus is different from classic credit courses in using only the most relevant credit tools, not focusing on credit rating agencies, and including loan documentation, thus may be more relevant to practitioners who do not need a full suite of credit tools, just the tools for diagnosing degrees of stress. This session examines the many financial consequences of leverage, and the factors that affect the decisions taken by management in relation to the corporate financial structure. Enterprise value and income statement adjustments are addressed for both DCF and multiples, using case company examples. This session concentrates on understanding the implications (both modeling and deal) of the finance structuring. Ways To Create The Best Corporate Finance Training Program. Delegates complete a full profitability comparison for the peer group. After understanding the basics, the principles of hedge accounting are explained, using numerical examples and case companies for illustration. Our courses and programs have been delivered to hundreds of thousands of students from over 170 countries. This session provides delegates with an understanding of the importance of working capital in the context of a company's financing structure and cash flows. Delegates learn about purchasing, depreciating/amortizing and selling tangible and intangible assets, and how these transactions are reflected in the financial statements. Delegates will build simple financial statements using a list of transactions. They will then apply learned concepts to the original acquisition financing model. The International Finance Institute is proudly partnered with multiple organizations to offer corporate finance programs in specialized areas of finance such as private equity, venture capital, and asset management. 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Finally the potential issues in assessing a company which uses derivatives are considered. In reality, once the initial model building process is complete, it is very common for the model to be modified. In this session delegates will cover the main products of the equity capital markets. Quotation conventions will be emphasized. In order to fully benefit from the session, delegates should have knowledge of the fundamentals of M&A accounting and familiarity with financial modeling. Fill the form below and a representative will contact you shortly. The aim of this session is to build a model of a company under administration (e.g. Although simple, the sample company contains the basic parts common to all projection models. Most importantly, the key investors and investees are covered in detail. Cash flows generally create the biggest issues in three statement models and result in model discrepancies and mistakes. Both a direct and an indirect cash flow statement will be produced. This session covers a review of complex three statement models with a focus on cash flows and cash sweeps. In this session delegates examine the service, analysis and recommendations provided by a Credit Ratings Advisory team to provide a debt issuer with advice of how to structure its bond offerings in order to achieve a given credit rating for a specific debt tranche. Throughout this session delegates analyze a group of companies in the food manufacturing industry in order to calculate several income statement metrics. Delegates will learn how to calculate cross rates through triangulation and also how the no-arbitrage condition defines forward FX rates. We look at other interest rate derivates, such as caps and floors, and also look at alternative uses of interest rate swaps in the pre-hedging of debt finance. We’ve partnered with many finance and investment banking firms to provide continuing education in specialized areas of finance, including: A partial list of corporations we’ve served. Using a case company, the delegates will tour through the equity capital markets, embracing IPOs, secondary offerings, and different share classes. 10 companies with awesome training and development programs The relevance of FX to every market, client and transaction type will be made clear through example. Merger Process and Arbitrage Fundamentals. Our corporate finance training courses equip you with the … Finally, the model is documented and integrity checked. Both long and short term, and public and private financing options are explored. We then introduce average FX rates, increasing the model complexity, and we analyze the impact on the model. IMS Proschool, an initiative of IMS Learning Resources, offers corporate training for areas in finance, analytics, digital marketing and vocational training. Financial Instruments and Hedge Accounting. Developments in bank funding and how this affects forward rates will be discussed. This session covers the accounting and analysis of pension information as published under IFRS and US GAAP, with a focus on extracting and using the data needed for valuation and deal structuring. By the end of the session, the class builds an accretion/dilution model using EPS forecasts and acquisition assumptions, proforma leverage ratios and a proforma balance sheet. The session does not focus on any particular financial instruments, but develops a comprehensive tool-kit that is essential for every professional in the finance sector to understand interest rates and fixed income instruments. The course starts by explaining the logic and rationale for these transactions and then focuses on the financing implications for the company. How to Write an Investment and Credit Case. Whether you represent a large multinational corporation or a small local business, we have … Discover methodologies to expand your corporate finance knowledge and … This session will introduce delegates to the workings of FX markets. This session covers the main divestiture and restructuring options available to a firm as a going concern. This session will focus on the ways in which corporate clients use interest rate swaps to manage their financing risk. The session starts by establishing why private equity firms can create value through leveraged buyouts and how the levered valuation fits into the valuation road map. We require those who are attending this training to first attend Commission Home Loan Programs and Homebuyer Education Instructor Training. Wrapping up all the work done so far in the session, we examine the way that credit rating agencies use ratio analysis to establish credit ratings. Ideally, the interim model should be easy to fill in and roll-over when new results are announced, and the historical interims should seamlessly integrate with the forecast interims within the first forecast year. Understand the key ratios used in financial analysis and what they can tell you about a business. The aim of this session is to explain how the product can change interest expense profile. This session covers the financial covenants generally used in a Leveraged Facility Agreement. The session focuses on the details of comparable company analysis. In addition, complex areas such as the valuation of non-controlling interest, goodwill calculation, the treatment of fees and tax issues are covered. We then focus on the calculation of free cash flow. Inflation-linked swaps will be introduced at a high level. For more information on our custom finance training for your organization, please contact us. This session builds on a basic understanding of how interest rate swaps are used to alter interest rate risk for corporates. Delegates will assess and calculate the unlevered free cash flows of the target company and perform a discounted cash flow analysis on the target company. The session starts with an overview of the mergers regulation, filings, deadlines and pricing floors. Offered by one of the top business schools in the world and, the program … This program focuses on useful tips and tricks that can be used to interrogate the data in financial models and useful methods for finding errors quickly. This course provides delegates with the skills needed to build and quick & dirty LBO model from a blank Excel spreadsheet. The class will incorporate scenario modeling in order to incorporate different financing structures. We analyze the weighted average cost of capital, calculate terminal values, using both the exit multiple method and the perpetuity growth method. Tax losses and carry forwards are also covered as well as the deferred tax implications of M&A transactions. Working capital plays a key role in liquidity analysis, cash flow management and operating efficiency. The CFI program is one of only a few financial modeling-focused online certifications taught by industry leading training professionals, which ensures best-practices. Common errors are covered from balancing a non-balancing balance sheet to debugging a model that is non-intentionally circular. The mechanics and purpose of spot, forward, FX swaps and cross currency swaps will be explained. Delegates complete a fully integrated model with an income statement, balance sheet and cash flow statement. Using a simple free cash flow forecast, delegates establish how much a financial buyer could pay for the target company. We then focus on the value impact of financial structure decisions, examining the value of tax shields and the impact of leverage on WACC. This session addresses the concept of valuing estimated synergies expected to arise as a result of a transaction. GB 899 3725 51 A detailed ratio analysis is used to establish the reasonableness of the forecasts and to identify when the target company reaches steady state. The options available to companies to avoid financial distress are also reviewed. In some sectors leasing is a big issue and can cause a lot of noise when performing company comparisons. The aim of this session is to model convertible bonds (and exchangeable bonds, mandatory convertibles). Proschool along with its Parent company – IMS … This is done in both a valuation and credit context. Whether you’re new to finance or an expert, whether finance is your career focus or one piece of your leadership arsenal, finance programs … Delegates build a three statement quarterly model in class using the financials of a seasonal business. The deal analysis focuses on the financing structure, pricing, earnings and credit impact and value creation. We look use case studies from developed and emerging markets to illustrate. Finance courses for ExecutivesFinance courses for Executives. During this session we discuss the detail of calculation of coupons and accrued interest, and we build a bond pricing model in Excel, exploring how bond valuation is performed between coupon dates. Using a case company, the debt capacity is calculated before different funding options. How? We will conclude with a brief introduction to equity derivative instruments. Discover our results-driven courses and certificate programs in data analytics, finance… The last part of the session is dedicated to operating working capital issues in M&A deals. Delegates will learn how to model and integrate the income statement, balance sheet and cash flow of a fast food business using Excel spreadsheets. As you can see, the list is arranged by the type of company and in alphabetical order. The focus is on analyzing and discussing the forecasting methods used most commonly by bankers and equity research analysts, reviewing the relevant accounting concepts wherever necessary. Delegates also learn how to stress test the assumptions used, to check their work efficiently and to document it. The main issues and mechanisms for completion in an M&A transaction are explained. The potential conflict of interest may that arise for a Credit Rating Agency active in this area, is also discussed. The most commonly used multiples are explained and complexities such as normalizing for non-recurring expenses/income are also covered. This financial analyst certification program begins where business school ends to teach you job-based skills for corporate finance, investment banking, corporate development, treasury, financial planning … This program focuses on the analysis of returns. An amazing benefit available to employees of many companies is a corporate mentorship program, in which mentors provide guidance and advice to participants. Of course once fully integrated into a new company one can also look at the synergies on a post deal WACC basis. Starting from a simple three-statement integrated model, we translate the financial statements into a different currency, using end of year FX rates, leading to the creation of translation gains and losses. During the final part of the session hedge ratios are described. A comparable transaction analysis is performed on the case industry. The session lays the foundations to build a solid understanding of corporate valuation in the context of investment banking. © 2020 Adkins & Matchett (UK) Ltd | Registered in England No. The income statement, balance sheet and cash flow statement are introduced, and the key interactions between the income statement and balance sheet are explained. Working capital plays a key role in liquidity analysis, cash flow management and operating efficiency. Complexities such as non-controlling interests and equity method investments (associates/affiliates), and their impact on earnings and cash flows are also covered. The session includes the analysis of how business seasonality generates working capital volatility, illustrated using a quarterly forecast model. Corporate Finance Institute® (CFI) is the leading provider of online financial analyst certification programs. Finally the bond issuance process and key documentation are discussed. cash conversion), capital structure issues (e.g. Two case studies are used for practical application throughout the session. Exercises are used throughout the session. understanding structural issues and assessing refinancing risk) and valuation implications (both for equity and debt). The rationale and components of control premium and its impact on valuation are discussed. AFP Corporate Training. Finance Training Programs Guide To The Different Types Of Finance Training Programs. Delegates gain understanding of the credit rating process by examining the assessment of both operational and financial risks of the business. During this session, delegates build a fully integrated merger model which combines financial statement forecasts for the acquirer and the target. Delegates learn how to build cash flow statements using historical and forecast balance sheets. This session covers the principles and reporting of taxes. We then examine the impact of debt on profits, earnings per share (EPS) and return on equity (ROE), applying the analysis to a real company using Excel. Our instructors have the real-world experience that enables them to provide immediately applicable training … The most common valuation methodologies are introduced, explaining the difference between a company's fundamental value, and how much an acquirer would pay for the business. Learn how to build complex components of LBO models. Many large companies are in multiple businesses and/or have varying equity investments in other companies. Understand how to structure a loan around the cash flows of a company and key negotiation points. The session ends with practical exercises on the application of multiple analysis to value a company. Ultimately financial statement analysis is only a tool to express views on a company. Check out the latest public course dates in Americas, APAC and EMEA, or contact us to discuss your unique in-house training needs. In this session delegates learn how companies finance their operations. We have extensive experience developing curriculum for a variety of training … Business managers in every type of organization and every function area require sharp finance skills to effectively drive business performance. The aim of this session is to provide delegates with an introduction to the underlying mathematics of fixed income. As we go along, we also cover the current accounting framework in relation to pensions and OPEBs. 03402949 | Registered Office: 10 Whitechapel High Street, London E1 8QS | VAT No. Delegates will learn how to calculate modified duration and dollar duration, and the topic of convexity will be introduced. The class concludes with the accounting of convertibles, and modeling a convertible bond over its life. We will then examine interest rate risk management with a focus on swaps and FRAs to manage interest rates and introduce the principles of swap pricing. This session covers the basic steps of analyzing an acquisition - covering the impact of a deal on the financial statements with a particular focus on EPS, PE and contribution analysis. This session covers the accounting for PIK instruments, bonds issued at a discount and convertible bonds. We’ve selected them because we’ve conducted customized sessions at the firms or professionals from the firms have enrolled at IFI. Corporate finance training goes beyond keeping employees up-to-date on developments in the world of finance. The International Finance Institute is proudly partnered with multiple organizations to offer corporate finance programs in specialized areas of finance such as private equity, venture capital, and asset management. Impact of Complex Debt Structures on Debt Restructuring. The amount of time the firm has available until cash runs out is calculated. We then show how to incorporate explicit return assumptions in a DCF model by using the value driver formula to calculate the terminal value. The LDP Programs feature an initial comprehensive training program up to six weeks long and continued career development through a custom curriculum. The session includes a modeling exercise on modeling project finance. Established in 1998, NYIM Training is the premier destination for personal career growth and corporate training in New York. Corporate Finance Training Courses - Looking to become a financial modelling expert? The liquidation, sale value, and restructuring options are compared for the case company. Corporate Solutions. We focus on operating cash flow dynamics (e.g. Exposure to a mix of modeling styles will help prepare them to work on in-house models or models they may inherit from other finance professionals. The concepts of enterprise value and equity value are explained, using simple but rigorous exercises. For more information on our custom finance training for your organization, please contact us. We partner with our clients customize training so that training is directly relevant to the analyst’s day to day work.” Mike Kimpel, Wall Street Prep Director of Training Last year, 4 of the top 5 Middle Market … In this session, we look at project finance, what it is, examples to illustrate usage, pros and cons. The full suite of CFI courses is equivalent to an investment banking analyst / associate training program. A refinancing structure is then modeled. The class will use a fully integrated acquisition financing model for two real life companies to develop a combined cash flow forecast. The relevance of FX to every market, client and transaction type will be emphasized. The session also outlines the role of the M&A team during this takeover period. In addition to learning the steps necessary to build a three statement financial model, delegates will also cover how to build models accurately and efficiently through a series of best practice modeling rules. The ways in which client and market-maker positions generate profits and losses will be considered. Multiples are calculated on both a historical and forecasted basis and delegates will assess the value of the case company based on a given set of comparables. 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