New York Institute of Finance

Financial Modeling Professional Certificate

Available dates

May 11—15, 2020
5 days
New York, New York, United States
USD 3119
USD 623 per day
May 11—15, 2020
Online
USD 3119
Nov 2—6, 2020
5 days
New York, New York, United States
USD 3119
USD 623 per day
+2 more options

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Full disclaimer.

About the course

Learn how to build common to complex financial models on Excel with information provided both on financial statements and from external sources. Prerequisite knowledge:

  • Undergraduate degree or equivalent, proficiency in basic Excel, Word processing skills

CURRICULUM

Day 1

MODULE 1: ADVANCED EXCEL FOR FINANCIAL MODELING

  • Introduction / Tips & tricks that will help you speed up your spread sheeting
  • Multiple sheet models
  • Multiple file models
  • Drilling down: allows one to double-click a formula, and move back to its source. This can be particularly useful in the creation of menus
  • Logical tests
  • Protecting your data
  • Database activities
  • Pivot tables
  • Grouping downloaded data by account headings
  • Vertical and horizontal lookup tables
  • The Choose function
  • Interactive formulas to extract data
  • String functions
  • Data tables
  • Outlining
  • Graphs
  • Indirect addressing

Day 2

MODULE 1: FINANCIAL MODELING

  • Introduction and Overview
  • Projection-Valuation Modeling Best Practices
  • Pro-Forma Modeling
  • Exercises

Day 3

MODULE 1: BASIC VALUATION TECHNIQUES

  • Case Study: Analyze historic information and develop a projection basis
  • Mergers and Acquisitions
  • Projecting financial statements for a complex M&A
  • Debt capacity and credit analysis for the acquisition
  • Alternative financing methods
  • Sensitivity analysis on cash flows
  • Case Study Exercises
  • Cost of Capital and CAPM
  • Return on equity
  • Seven steps using CAPM to determine the cost of capital
  • Implied risk premium in the current P/E multiple

Day 4

MODULE 1: VALUATION

  • Four Steps using the Gordon Model to determine the cost of capital
  • Four steps using the P/E multiple to determine the cost of capital
  • Financial Valuation Case Study Exercises Review and Discussion
  • Accrual Accounting Valuation
  • Accrual accounting valuation exercises
  • Valuation Using Multiples
  • Multiples valuation exercises
  • Transaction Multiples

Day 5

MODULE 1: SPECIAL VALUATION ISSUES

  • Implied profit margin
  • Three-stage valuation model
  • Develop an accrual accounting valuation model Review and Discussion
  • Warrants and Executive Stock Options
  • Warrant valuation
  • Value outstanding warrants
  • Share Repurchases
  • Using share repurchases to calculate growth in distributions
  • Sustainable growth rate
  • Share repurchases for comparable companies
  • Presentation of Valuation and conclusion

MODULE 2: DESK READY SKILLS KNOWLEDGE CHECK

** WHAT YOU'LL LEARN**

  • Use common function keys
  • Construct a basic IF statement
  • Differentiate between different ways of summing and counting
  • Select alternatives to using the IF function
  • Use error trapping
  • Control the appearance of numbers and text
  • Apply various methods for determining dates
  • Select and apply appropriate lookup and reference functions
  • Create a Pivot Table to analyze data sets
  • Use functions for discounting on uneven periods
  • Understand other useful Excel features
  • Apply financial modeling best practices
  • Project an income statement and balance sheet
  • Force-balance the balance sheet
  • Construct a Statement of Cash Flows
  • Calculate free cash flow
  • Incorporate projection scenarios in a model
  • Add an automatic cash sweep feature to a model
  • Construct a discounted cash flow model to determine the intrinsic value of equity
  • Perform meaningful sensitivity analysis
  • Construct a valuation sheet to apply the APV valuation approach
  • Value a stream of future interest tax shields
  • Measure residual earnings (earnings above or below required earnings).
  • Determine the value of earnings using accrual accounting
  • Determine the value of equity or the firm using multiples

Who should attend

  • Entry level finance professionals
  • investment professionals
  • financial analysts
  • corporate bankers
  • and lateral hires

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