Program Objectives:

By the end of the program, participants will be able to:
* Gain solid understanding of corporate financial models.
* Demonstrate practical know-how of corporate valuations techniques and tools.
* Construct forecasted financial statement models and perform sensitivity analysis.
* Use free cash flow technique in determining the value of a project or a company.
* Develop financial models using comparable companies analysis, discounted cash flow analysis and leveraged buyouts.

This Program is designed for:
Professionals in corporate finance, banking, financial analysts, financial controllers, finance managers, professionals responsible for project valuation, project finance, portfolio managers, and professionals in the private investment industry. This program is worth 25 NASBA CPEs.

Note: This is a hands-on training program using laptops/ computers. Participants are requested to carry their own laptops equipped with Microsoft Excel 2007 or 2010.

Program Fees:
Per participant - USD 2,750
Frequent nomination - USD 2,475
(including coffee breaks and a buffet lunch daily)
One extra free place for every 2 paid nominees on the same program and dates
Discount Plans, Refunds & Cancellations Policy

Meirc reserves the right to alter dates, content, venue and trainer with a reasonable notice time.

Program Outline:

Financial Calculations: Introduction
* Present Value (PV) and Net Present Value (NPV)
* Internal Rate of Return (IRR) and Multiple IRR (MIRR)
* XNPV and XIRR
* Future Value Applications
* Compounding and Discounting Using Dated Cash Flows
* Dividends per Share and Cash Flow to Equity

Calculating Cost of Capital
* The Gordon Dividend Model
* Supernormal Growth
* BETA Calculation
* Regression Analysis
* Calculating Cost of Equity:
o Capital Asset Pricing Model – CAPM
o Security Market Line – SML
* Computing the Expected Return on the Market
* Calculating Cost of Debt:
o Kraft’s Average Cost of Debt
o Rating-Adjusted Yield
* Computing Weighted Average Cost of Capital – WACC

Analyzing the Financial Statements
* Sales/Revenue Projections
* Profit and Loss Analysis
* Balance Sheet Analysis
* Comparable Company Analysis

Financial Statement Modeling
* How Financial Models Work
* Free Cash Flow Measurement – FCF
* Using FCF to Value the Firm and Its Equity
* Notes on the Valuation Procedure
* Midyear Discounting
* Sensitivity Analysis
* Making Your Model Work
* Discounted Cash Flow Analysis
* Incorporating a Target Debt/Equity Ratio into a Pro Forma
* Calculating the Return on Equity - ROE
* Terminal Value
* Modeling Dividends Policy
* Earnings Per Share

Leveraged Buyouts (LBOs)
* Key Participants
* Characteristics of a Strong LBO
* How LBOs Work
* LBO Financing Structure and Primary Resources

Mergers and Acquisitions
* Types of Mergers
* Organization and Preparation
* First and Second Round
* Negotiation
* Closing

Pre-requisites
None

Delivery Type
Group-Live