INTRODUCTION

The course extends the core theory introduced in the Principles of Finance by emphasizing its practical application to strategic financial decisions and potential problems.

COURSE OBJECTIVES

·         Understanding and analyzing income statements

·         Understanding and analyzing balance sheets

·         Understanding and analyzing cash flow

·         Understanding financial modeling usage in financial reporting

·         Use of Discounted Cash Flow (DCF) and Weighted Average Cost of Capital

·         Use of Excel in financial modeling

DURATION

5 Days

WHO SHOULD ATTEND

The course targets financial analysts, Business entrepreneurs, accountants, bookkeepers, business managers, investment officers, and managing directors.

COURSE OUTLINE

Introduction to evaluation

·         Importance of evaluation

·         Enterprise value and equity value

Comparable Company Analysis

·         Selection of companies that are comparable

·         Spreading of comparable companies

·         Analyzing the valuation multiples

·         Understanding value and making conclusions

Precedent Transaction Analysis

·         selection of transactions that are comparable

·         Spreading comparable transactions

Analysis of Discounted Cash Flows (DCF)

·         Unlevered free cash flow

·         Free cash flow forecasting

·         Terminal value forecasting

·         Presentation of value and discounting

·         Stub periods

·         Sensitivity analysis

Weighted Average Cost of Capital (WACC)

·         Estimating equity cost using CAPM

·         Estimating debt cost

·         Analysis of WACC

Building and Integrated Cash Flow Model

·         Introduction to financial modeling

·         Financial statement links

·         Understanding circularity

·         Set up and formation of the model

·         Selection of model drivers and assumptions

Modeling and Projecting the Financial Statements

·         Income statement projection

·         Balance sheet projection

·         Cash flow statement projection

·         Debt and interest schedule creation

·         Revolver modeling

Utilizing and Concluding the Model

·         Output analysis

·         Stress testing of the model

·         Fixing of modeling errors

·         Techniques of advanced modeling

·         Creating a Discounted Cash Flow (DCF) Analysis using the model

GENERAL NOTES

·         This course is delivered by our seasoned trainers who have vast experience as expert professionals in the respective fields of practice. The course is taught through a mix of practical activities, theory, group works and case studies.

• Training manuals and additional reference materials are provided to the participants.
• Upon successful completion of this course, participants will be issued with a certificate.
• We can also do this as tailor-made course to meet organization-wide needs. Contact us to find out more: training@data-afriqueconsultancy.org
• The training will be conducted at DATA-AFRIQUE TRAINING CENTRE, Nairobi Kenya.
• The training fee covers tuition fees, training materials, lunch and training venue. Accommodation and airport transfer are arranged for our participants upon request.
• Payment should be sent to our bank account before start of training and proof of payment sent to: training@data-afriqueconsultancy.org