Free Cash Flow Modeling

New York Institute of Finance

How long?

  • 1 day
  • in person, online

What are the topics?

New York Institute of Finance

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Full disclaimer.

Who should attend

  • CEO's
  • VP's of Operations
  • presidents
  • controllers
  • CFO's
  • financial managers
  • and financial analysts

About the course

Employ free cash flow concepts to make better capital budgeting and acquisition decisions.

This course is a component of the M&A Professional Certificate

Prerequisite knowledge:

  • Understanding of introductory accounting and corporate finance

CURRICULUM

Day 1

MODULE 1: FREE CASH FLOW AND THE OBJECTIVES OF THE FIRM

  • Traditional Financial Management
  • Why Cash Flow?
  • Measures of Cash Flow
  • Free Cash Flow: A Definition
  • Adopting a Free Cash Flow Framework
  • Relationship Between Market Value and Free Cash Flow
  • Return on Investment and Cost of Capital
  • Determining Free Cash Flow: Adjusting Accounting Data

MODULE 2: COMPONENTS OF FREE CASH FLOW

  • Free Cash Flow Drivers
  • Understanding the Components of Free Cash Flow
  • Financial Metrics

MODULE 3: COST OF CAPITAL

  • Cost of Capital: A Definition
  • Sources of Capital
  • Cost of Debt Capital
  • Cost of Equity Capital
  • The Capital Asset Pricing Model
  • Weighted Average Cost of Capital

MODULE 4: CAPITAL BUDGETING USING FREE CASH FLOW

  • Goals of Capital Budgeting
  • The Free Cash Flow Approach to Capital Budgeting
  • Incremental Analysis Using Free Cash Flow
  • Terminal Value Considerations

MODULE 5: MODIFIED FREE CASH FLOW

  • Investment Time Horizons
  • Interim Financial Results and Free Cash Flow
  • Strategic Investments

MODULE 6: USING FREE CASH FLOW TO EVALUATE ACQUISITION OPPORTUNITIES

  • The Benefits of Acquisitions
  • Free Cash Flow and the Evaluation of Acquisitions
  • What is Total Value Received?
  • What is Total Value Paid?
  • How is Incremental Synergy Value Determined?
  • Using Free Cash Flow for Acquisition Valuation

MODULE 7: INTEGRATION OF ACQUISITIONS

  • Integration Best Practices
  • Integration Planning
  • Linking the Cash Flow Valuation Model to Integration

WHAT YOU'LL LEARN

  • Determine Free Cash Flow from Accounting Data
  • Compare Free Cash Flow to Net Income
  • Understand Drivers of Free Cash Flow
  • Calculate Cost of Capital
  • Use Free Cash Flow for Capital Budgeting Decisions
  • Understand the relationship between Free Cash Flow and Economic Value Added
  • Value Acquisitions using Free Cash Flow
  • Develop a Free Cash Flow approach to Incentive Compensation

Free Cash Flow Modeling at New York Institute of Finance

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Disclaimer

Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.

Because of COVID-19, many providers are cancelling or postponing in-person programs or providing online participation options.

We are happy to help you find a suitable online alternative.