INANCIA MDEING RGRAM - Kaplan Genesis · 2018. 10. 18. · Financial models are built in excel to...

www.kaplangenesis.comLearn More: 877.656.5557 (U.S.) | 020.3122.0100 (U.K.)

FINANCIAL MODELING PROGRAMS

2www.kaplangenesis.comLearn More: 800.346 (Toll Free) | +971.4.554.6184 (U.A.E) | [email protected]

Kaplan is a leading provider of professional development solutions managed by highly qualified and experienced professionals who are passionate about the delivery of

relevant, high quality and effective professional development.

Table of Contents

Localized Programs Delivered on a Global Scale . . . . . . . . . . . . . . . . . . . . . . . . . . 3

What is Financial Modeling? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

The Product Mix . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

Learning Pathway . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

Our Flagship Programs: Financial Modeling . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

Collaborative Customization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19

Our Flagship Programs: Behavioral Confidence . . . . . . . . . . . . . . . . . . . . . . . . . . 20

Our Clients . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21

Delegates worldwide

1M+

Businessclients

2600+

Educationpartners

1K+

Financial training provider

LargestYears transforming

lives

75+

Countries

30+

Kaplan operates from nearly 400 locations in over 40 countries. We employ trainers, facilitators, lecturers, coaches, speakers, and instructional designers in approximatively 100 languages around the world. Whether you are a multinational corporation with offices in every continent or a business based in a single location, we can deliver commercially relevant programs close to home.

We provide the widest array of modeling programs in the region; ranging from basic to intermediate to advanced. Our faculty have over 32 years of industry experience and are well versed in the depth, breadth and width of the financial modeling industry.

Localized Programs Delivered on a Global Scale

3 www.kaplangenesis.comLearn More: 800 .346 (Toll Free) | +971 .4 .554 .6184 (U .A .E) | info@kaplangenesis .com

Financial modeling is the task of constructing excel based quantitative models of real-world financial and operational situation of any business. The objective of a financial model is to forecast the future performance of a financial asset, portfolio, company, project or any form of financial investment.

Our suite of financial modeling programs is targeted to professionals working in the following fields:

Valuing public or private companies

Making mergers and acquisition decisions

Making capital budgeting decisions

Performing financial feasibility analysis of a new project

Budgeting and forecasting (planning for the years ahead)

Making credit decisions

Financial models are built in excel to forecast the financial performance of a company, project or investment

APPLICATIONS OF FINANCIAL MODELING

WHO SHOULD ATTEND?

INVESTMENT BANKING ASSET & PORTFOLIOMANAGEMENT

PRIVATE EQUITY COMMERCIAL BANKING

EQUITY RESEARCH

What is Financial Modeling?

www.kaplangenesis.comLearn More: 800 .346 (Toll Free) | +971 .4 .554 .6184 (U .A .E) | info@kaplangenesis .com

4

5 www.kaplangenesis.comLearn More: 800.346 (Toll Free) | +971.4.554.6184 (U.A.E) | [email protected]

The Product Mix

• Essential accounting, financial analysis & valuation concepts and exercises workbook

Excel files and exercises that complement the workbook that:• Trains delegates on various excel tools and functions• Applies basic accounting, financial analysis, and valuation concepts

Global and regional cases for following types of models:

• Three statement forecasting and valuation

• Mergers & Acquisitions (M&A)• Leveraged Buyout (LBO)

• Bank Valuation• Real Estate• Project Finance• Oil & Gas

Online self-study videos to:• Learn excel tools, accounting, financial statement analysis, and

valuation concepts• Learn to develop different types of models

• Excel keyboard shortcuts• Key Finance concepts• How to build a model in 3 hours• Glossary of key terms

Participants manual:• To apply any of the covered excel functions/tools• Detailed instructions on how to develop any of the models from scratch

• Online pre and post assessments

Delegate Workbook

ExcelExercises

Modeling Case Studies

Online Self Study

Secret Sauce

Manuals

Assessments


IB/AMC/SWFS/PE FUNDS

BASIC EXCEL

BANKS

MERGERS AND ACQUISITIONS

(M&A) MODELING

LEVERAGED BUYOUT (LBO)

MODELING

ADVANCED VALUATION

TECHNIQUES USING EXCEL

ADVANCED FINANCIAL MODELING

EXCEL FOR FINANCEPROFESSIONALS

REAL ESTATE

BANK MODELING & VALUATION

PROJECT FINANCE

MODELING

REAL ESTATE MODELING

OIL & GAS MODELING

THREE STATEMENT

MODELING & VALUATION

FINANCIAL STATEMENT ANALYSIS USING EXCEL

OIL AND GAS ACCOUNTINGPROFESSIONALS

INTRODUCTION TO FINANCIAL MODELING

Learning PathwayPR

E AN

D P

OST

ASS

ESSM

ENTS

AT

EACH

LEV

EL

BEGINNERBasic Courses Common To All Industries

INTERMEDIATE

ADVANCED FINANCIAL

STATEMENT ANALYSIS FOR

VALUATION

ADVANCED FINANCIAL

STATEMENT ANALYSIS FOR

VALUATION

BUDGETING & FORECASTING

THREE STATEMENT MODELING & VALUATION


CORPORATE VALUATION

USING EXCEL

BANK FINANCIAL STATEMENT

ANALYSIS

ADVANCED EXCEL FOR ACCOUNTING PROFESSIONALS


ADVANCED


Our Flagship Programs: Financial Modeling

BEGINNER

Excel for finance professionals 7

Financial statement analysis using Excel 8

Introduction to financial modeling 9

INTERMEDIATE

Corporate valuation using Excel 11

Three statement modeling and valuation 12

ADVANCED

Mergers & Acquisitions (M&A) and Leveraged Buyout (LBO) modeling 14

Advanced financial modeling 15

Bank modeling and valuation 16

BEGINNERPROGRAMS


8


Excel for Finance Professionals

LEVEL Basic

DURATION Two days

The objective of the program is to help delegates develop best practices that will enable them to build flexible and audit-able financial models and improve their productivity.

LEARNING OUTCOMES • Use keyboard shortcuts to improve speed and efficiency• Use of excel quick access toolbar and cell styling tools• Learn and apply various intermediate and advanced Excel functions• Learn & apply what if analysis and data validation tools in Excel• Produce high quality & dynamic charts for data presentations• Learn to implement a pivot table to analyze a large dataset• Learn to record and edit macros to automate daily tasks

KEY TOPICS• Excel tools used in financial statement analysis• Data handling – entering and editing differing data types in Excel• Useful Excel shortcuts for speed and efficiency• Formatting & efficiency skills – conditional formatting, cell styles, quick access toolbar• Absolute and relative cell referencing (use of $ signs)• Creating, editing and deleting cell names• Working with Functions – Basic math, Logical, Date, Lookup, Text, and Finance Functions• Advanced Functions; INDEX, MATCH, OFFSET, CHOOSE, AVERAGEIF, MEDIANIF, MAXIF, MINIF, and more• Data validation and its various applications• What If analysis tools: Data table (sensitivity analysis), Goal Seek and Scenario Manager• Data analysis and mining: Working with large data sets (Sorting, Subtotals, Filtering)• Charting in Excel: creating dynamic and flexible charts• Pivot tables and pivot charts• Developer tool: VBA drop-down lists, checkboxes, and more• Auditing and excel analysis file/model: Auditing tools: F5 (special)• Recording macros in excel and editing using basic VBA tools


Financial Statement Analysis Using Excel

The objective of this program is to equip delegates with knowledge and tools to analyze a company’s financial statements with the aim of making an equity investment decision. The program uses real-life public companies as case studies and key Excel tools.

LEARNING OUTCOMES • Learn and apply Excel tools useful in financial statement analysis• Analyze income statements and its key components• Analyze balance sheets and its key elements• Analyze cash flow statements and its key elements• Understand the link between the three financial statements• Perform ratio analysis and assess a company’s KPI’s (key performance indicators)

KEY TOPICS• Excel tools used in financial statement analysis• Introduction to the three statements: Income Statement, Balance Sheet & Cash Flow Statement• Understanding the accounting equation (A = L + E) and how transactions in a business affects it• Analyzing different components of income statements• Understand implications of Capitalizing vs. Expensing• Analyzing different parts of a balance sheet• Analyzing a cash flow statement• Preparing cash flow statements using the direct and in direct method• Financial statement analysis - common size analysis• Financial statement analysis - ratio analysis

LEVEL Basic

DURATION Three days


The objective of this program is to equip delegates with the knowledge and skills to forecast financial statements for a public or private company using Excel tools.

LEARNING OUTCOMES • Learn and apply excel tools useful in financial forecasting• Understand and design the layout of a flexible model• Forecast financial statements of a public or private company• Apply scenario analysis to the forecasted financial statements• Prepare charts for data presentation

KEY TOPICS• Overview of financial modeling• Excel tools used in financial modeling • Model design and structure for the case study company• Know the key model outputs and their drivers and understand the requisite inputs• Developing cell styles for model transparency and review• Incorporating historical financial statements of the subject company• Building balance sheet error checks in the model• Forecasting financial statements: forecasting revenue and key operating expenses• Projecting key schedules: debt & interest, capex & depreciation and working capital• Stepwise projection of income statements, balance sheets, and cash flows• Incorporating scenario analysis• Charting to present the forecasted data:

Introduction toFinancial Modeling

Exercise: Developing the model from scratch using an interactive case study

LEVEL Basic

DURATION Two days

INTERMEDIATEPROGRAMS


12


Whether the objective is to value a company for an investor or for a Merger & Acquisition (M&A) transaction, the program covers all aspects of valuation using real-life case studies and valuation models.

LEARNING OUTCOMES • Understand the drivers of corporate value: cash, growth & risk• Understand components of a company’s enterprise value• Calculate equity value from enterprise value (EV) and vice versa• Calculate a company’s weighted average cost of capital (WACC) and its components• Learn and apply discounted cash flow valuation tools• Learn and utilize multiples-based valuation tools• Perform scenario and sensitivity analysis for valuation outputs

KEY TOPICS• Introduction to corporate valuation - difference between enterprise value and equity value• Understanding and calculating enterprise value and its components

DCF Valuation

• Understanding FCFF and FCFE• Choice of forecast horizon and forecasting key drivers of free cash flows• Understanding the key inputs and calculating WACC• Calculating & performing sanity checks for terminal value

– using growth rate and multiple methods• Calculating equity value from enterprise value: EV to equity bridge

Multiples based valuation

• Different types of valuation multiples: P/E, P/B, P/S, EV/EBITDA, EV/Sales• Understanding what drives the valuation multiples – cash, growth and risk analysis• Selecting the right set of multiples to value the subject company – price based or EV based• Selecting the right set of peer groups to value the subject company• Cleaning and normalizing the operating metrics (EPS, EBITDA) for the comparable universe • Using prior transaction multiples

Exercise: Calculate EV for two comparable, large, publicly traded companies in excel using data from the annual reports

Exercise: Perform trading multiples-based valuation for the subject that has already undergone DCF based valuation

Corporate ValuationUsing Excel

LEVEL Intermediate

DURATION Two days


Three Statement Modeling & Valuation

Case Study: Develop a model from scratch for a large global/regional public company

LEVEL Intermediate

DURATION Two days

The objective of this program is to equip delegates with the knowledge and tools to develop a fully integrated three statement financial model from scratch and perform equity valuation.

LEARNING OUTCOMES • Understand how to plan a model’s design and structure• Forecast financial statements• Develop consistently and review friendly models• Understand how to perform a flexible DCF valuation• Perform scenario and sensitivity analysis

KEY TOPICS• Overview of financial modeling• Key Excel tools used in financial modeling • Model design and structure for the case study company• Know the key model outputs and their drivers and understand the requisite inputs• Developing and using cell styles for model transparency and review• Extracting, cleaning and normalizing historical financial statements from annual reports• Building error checks in the model• Forecasting financial statements: revenue modeling and forecasting margins• Projecting key schedules: debt & interest, capex & depreciation and working capital• Stepwise projection of an income statement, balance sheet, and cash flows• Understanding and forecasting Free Cash Flows to the firm (FCFF)• Understanding the key inputs and calculating WACC• Calculating and performing sanity checks for the terminal value• Developing DCF Valuation• Performing sensitivity analysis using data tables• Scenario analysis


15

ADVANCEDPROGRAMS


The objective of this program is to equip participants with knowledge and tools to develop financial models with the aim to efficiently analyze a merger and acquisition, private equity and LBO transaction.

LEARNING OUTCOMES • Understand and develop a merger model• Prepare proforma group financial statements• Perform financing mix and accretion dilution analysis• Understand and develop an LBO deal analysis model• Prepare flexible debt schedules for different sources of debt• Understand and prepare a source of value creation in private equity transactions

KEY TOPICS

M&A Modeling

• Setting up an M&A Model – calculating sources & uses of funds• Preparing proforma financial statements – M&A accounting • Key M&A model output: EPS accretion dilution analysis, contribution analysis• Understanding of post transaction - P/E requirement for breakeven• Sensitivity analysis using data tables

LBO Modeling

• Introduction to private equity and LBO modeling• Understanding characteristics of a good LBO candidate• Forecasting the operating cash flows of the LBO target• Target’s enterprise value and uses of funds• Various sources of funds: senior debt (term loan A, B),

High yield, mezzanine, PIK, shareholder loan and revolving line of credit• Preparing flexible debt and interest repayment schedules for different sources of funding• Incorporating cash sweep in debt schedules and avoiding circularity• Calculating exit IRR and MOIC for the GP and analyzing the sources of value creation• Scenario and sensitivity analysis for analyzing LBO

M&A and LBOModeling

Case Study: Large global or regional public M&A transaction

Case Study: Large global or regional LBO transaction

LEVEL Advanced

DURATION Two days


The objective of the program is to help delegates develop best practices to build flexible and audit-able financial models and improve productivity.

LEARNING OUTCOMES • Apply advanced Excel tools and functions in financial models• Develop fully flexible forecasts using switches• Consolidate monthly or quarterly forecasts to annual forecasts• Model timing flags for use in project finance and debt models• Decode and audit existing financial models• Calculate advanced metrics to analyze past investment performance• Create and edit macros using VBA tools• Create dynamic dashboards for model presentation

KEY TOPICS• Advanced Excel tools and functions useful in financial modeling • Creating flexible forecasting models incorporating detailed scenario analysis using switches• Consolidating monthly forecasts to quarterly, and quarterly forecasts to annual• Using timing flags to create flexible debt repayment and project analysis schedules• Advanced debt modeling incorporating revolver, cash sweep and different tranches of debt• Financial model auditing tools – decode and understand any existing financial model• Analyzing large volume stock price or fund performance data for investment decision making• Recording and editing macros using basic VBA tools• Dynamic dashboards and charting to present financial models

Advanced Financial Modeling

LEVEL Advanced

DURATION Two days


The objective of this program is to equip delegates with the knowledge and tools to forecast a bank’s financial statements and perform equity valuation from scratch.

LEARNING OUTCOMES • Learn and apply advanced excel tools used in bank modeling• Understand how to plan the bank model design and structure• Understand a bank’s financial statements and interaction between its key assets and liabilities• Forecast a bank’s financial statements• Develop audit and review friendly financial models• Value a bank using cash flows and comps based valuation tools• Perform scenario and sensitivity analysis to the valuation

KEY TOPICS• Setting up an M&A Model – calculating sources & uses of funds• Overview of bank financial modeling• Key Excel tools used in bank financial modeling • Model design and structure for the case study bank• Know the key model outputs and their drivers and the requisite inputs• Developing cell styles for model transparency and review• Extracting, cleaning and normalizing historical financial statements of a bank • Building error checks in the model• Forecasting a bank’s financial statements • Forecasting regulatory tier 1 and tier 2 capital requirement for a bank• The model balancer of the bank’s balance sheet• Analysing a bank’s forecasted financial statements and performing ratio analysis• Bank valuation —discounted cash flows & trading comps• Calculating a bank’s cost of equity and using the right CAPM inputs• Estimating terminal value—growth rate and multiple methods• Performing scenario and sensitivity analysis to DCF valuation outputs• Presenting the model outputs using high quality and flexible charts and creating a management dashboard

Bank Modeling & Valuation

Case Study: Develop a bank’s forecasting and valuation model from scratch using a large global/ regional publicly traded bank

LEVEL Advanced

DURATION Two days


We believe that all training programs are about more than just instilling skills—they’re about changing behaviors that result in better individual and team performance, and enabling your employees to effectively lead the change within your organization.

We design all of our programs to meet our client’s particular challenges by gaining an in-depth understanding of an organization’s culture and derive at most-suited delivery mechanisms —through collaborative customization.

The learning journeys and developmental interventions that are created as a result of this collaborative effort blend behavioral and technical elements that are aimed at developing the competence, confidence, and behavioral skills to empower learners to make better decisions and drive performance.

Collaborative Customization

Illustrative learning journey of an Investment Banking / Asset Management professional

END

START

Basic Excel

M&A modeling

Self awareness and your personal brand

Managing change

Excel for finance professionals

LBO modeling

Maximizing interpersonal relationships

Finance story telling

Problem solving and decision making

Financial statement analysis using excel

Advanced Valuation techniques using Excel

Corporate Valuation using Excel

Three Statement Modeling & Valuation

Persuasive presentation skills

Performance management

The Art of networking

Advanced Financial modeling

Thinking strategically

Communication and influencing

BEGINNER

INTERMEDIATE

ADVANCED

Introduction to fi nancial modeling

Time management skills

Adva

nced

Finan

cial Statement Analysis for Valuation

Mot

ivatin

g & team building

Technical Competence Behavioral Confidence


Our Flagship Programs: Behavioral Confidence

BEGINNER

Self awareness and your personal brand

Maximizing interpersonal relationships

Persuasive presentation skills

Time management skills

INTERMEDIATE

Communication and influencing

The Art of networking

Problem solving and decision making

Motivating and team building

ADVANCED

Managing change

Finance story telling

Performance management

Thinking strategically


Our Clients

www.kaplangenesis.comLearn More: 877.656.5557 (U.S.) | 020.3122.0100 (U.K.)

CONTACT USwww.kaplangenesis.com

Abu Dhabi

Tel: +971 2 414 6601

Al Odaid Office Tower, 10th Floor, Airport Road,

Rashid Al Maktoum St 2,

P.O.Box 128161, Abu Dhabi, UAE

Email: [email protected]

Dubai

Tel: +971 4 554 6184

Office #2401, Vision Tower, Business Bay,

Al Khaleej Al Tejari St

P.O.Box 416639, Dubai, UAE

KAPLAN GENESIS LEADERSHIP & PROFESSIONAL DEVELOPMENT

INANCIA MDEING RGRAM - Kaplan Genesis · 2018. 10. 18. · Financial models are built in excel to...

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