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Financial Modeling Boot Camp


2 Days
Classroom Session   |  
3 Days
Live Online

IIBA (CDU)

ASPE is an IIBA Endorsed Education Provider of business analysis training. Select Project Delivery courses offer IIBA continuing development units (CDU) in accordance with IIBA standards.

NASBA (CPE)

NASBA continuing professional education credits (CPE) assist Certified Public Accountants in reaching their continuing education requirements.

PMI (PDU)

Select courses offer Leadership (PDU-L), Strategic (PDU-S) and Technical PMI professional development units that vary according to certification. Technical PDUs are available in the following types: ACP, PBA, PfMP, PMP/PgMP, RMP, and SP.

NASBA
NASBA
12.00 CPEs
PMI
PMP/PgMP
14.00 T-PDUs

Expertise Level: Novice
Certification
Classroom Registration Fees
Individual:
$1395.00
Group Rate:
$1195.00
(per registrant, 2 or more)
GSA Individual:
$1046.25
Live Online Registration
Live Online:
$1395.00
Private Onsite Package

This course can be tailored to your needs for private, onsite delivery at your location.

Request a Quote for Group Onsite Pricing

Overview

Master the Art and Science of Building the Financial Model in this financial modeling training course

With today's ever changing and volatile financial landscape – more than ever, the financial and investment industries need the comfort of dependable and accurate forecasting when making critical business decisions. Often, investment professionals have a solid financial background, some Excel skills but limited modeling skills, having learned "as they go" - using modeling techniques and forecasting measures that are less than reliable.

This dynamic two-day financial modeling training course will help to put all of your knowledge to use, allowing you to combine your financial background with improved Microsoft Excel® modeling skills and modeling techniques to give you the tools you need to create workable, flexible and reliable Financial Models. You and your staff will learn to build the solid foundation necessary to create valuations that you can rely upon and skills that will work over time in all aspects of your business.

Logically plan, design and layout a model that works in your environment
Use Excel to it's fullest potential to help in the building process
Build a financial model, integrating financial statements
Create financial forecasts based on your model
Analyze and value a company or project
Test and retest your results for robustness and accuracy
Confidently present your results to management and make informed decisions
Understand scenario testing and other testing techniques you will need before you go "live" with any model
Know how to quickly detect errors in formulas and correct them without adverse effects
Create a flexible and robust financial model that can easily incorporate your own needs, changes and modifications over time
Upcoming Dates and Locations
Guaranteed To Run

There aren’t any public sessions currently scheduled for this course, but if you fill out the form below, we can tell you about how we can bring this course to you!

Course Outline

1. Course Overview and Introductions
In this important course introduction, we'll discuss why financial modeling is important, the strategies you need to incorporate to create a solid financial model, how you need to "think" and what tools you will need to construct a complete working model.

  • Instructor/Student Introductions
    • Determining skill levels
    • Student's goals
    • Course goals and direction
  • What is Financial Modeling and Why Use It?
    • Linked/Integrated Financial Statements
    • Historical/Future Projections
    • Operating and Financial Assumptions
  • The Art and Science of Accurate Financial Modeling
    • Model like an Analyst, think like a Managing Director
    • Financial Market Awareness
    • Clients Needs
    • Strategic Analysis
    • "Outside the box" Due Diligence
    • Original/Thoughtful Research
  • Relevant Financial Websites and Support Groups
    • Yahoo Finance
    • SmartMoney Marketmap
    • Google Alerts
    • Relevant industry websites
    • Bookmark file

2. A Thorough Review of Accounting Principles Implied in Financial Modeling
A financial model is an interactive representation of financial statements, interwoven into a seamless, interactive valuation tool, providing you an automated method for calculating accurate assumptions. In this segment, we'll review all of the key financial concepts and accounting principles that you need to understand, what each represents and how each piece interacts and affects your modeling techniques and valuations.

  • Balance Sheet Components
  • Income Statement Components Review
  • Statement of Cash Flows
  • Ratio Calculation and Analysis
  • EBITDA vs. Earnings vs. Cash Flow
  • Market Capitalization vs. Book Value
  • Key SEC filings and Source Documents
  • Importance of Footnotes

3. Excel Functions/Skills and Financial Modeling
In this hands-on section, working with the instructor, you'll cover key Excel functions, understanding what modeling tools are available in Excel, short cuts you can use, customizations that you'll want to make. You'll end by knowing the capabilities of Excel and how to navigate and work comfortably.

  • Color coding – making spreadsheets understandable
  • Using cumulative checks and SUM bars to avoid errors
  • Yes/No triggers for alternate transaction scenarios
  • Working with circular references
  • Catching errors in formulas
  • Using MIN and MAX for optional debt repayment formulas
  • Using custom number formats
  • Formatting numeric values as text
  • Mixing links and text via '&' function
  • Converting numeric values using the TEXT function
  • Tracking precedents/dependents in native Excel
  • Jumping to newly defining names
  • Creating data tables to automate repetitive calculations
  • Using OFFSET to run scenario analyses

4. Building the Financial Model
It's time to incorporate your skills and financial knowledge. In this segment, you'll create a working model in class. With the instructor, you'll incorporate your financial statements, find the "bugs", problem solve, enhance your model, use polishing techniques and ultimately create a presentable and reliable model.

  • Setting up and building the integrated financial model from scratch
    • Linking of income statement, balance sheet, statement of cash flows
  • Establishing the Flow of a Financial Model
    • Historical & projected operating assumptions
    • Computing revenue growth
    • Calculating cost of goods sold
    • Depreciation of capital expenditures
    • Amortization of intangibles and financial costs
    • Capital expenditures of long term assets
    • Analysis of working capital assumptions
    • Accounts receivable % of sales, as a measure of collection prowess
    • Days receivable, and its relation to sales growth
    • Inventory % of COGS, measuring inventory obsolescence
    • Inventory turns, measuring management efficiency
    • Calculating prepaid expenses % of COGS
    • Accounts payable % of COGS, and its relation to financial float
    • Calculating accrued expenses % of COGS
    • Latest balance sheet
    • Income statement (historical and projected without average interest)
    • Forecasting the balance sheet – up to debt & cash
    • Creating a cash flow statement
    • Understanding and creating a debt schedule – sources and uses of funds
    • Completed forecast, balance sheet, income statement, cash flow statement
  • Valuation
    • Discounted Cash Flow (DCF) valuation using Excel's Table function to calculate valuation ranges
    • Using comparable company analysis as a method of relative evaluation
    • Using precedent transactions as a basis for takeover values
    • Calculating enterprise value for valuing firms according to the indirect method
    • Computing free cash flow for use in enterprise valuation
    • Using the Capital Asset Pricing Model to estimate equity discount rates
    • Calculating weighted average cost of capital to properly estimate enterprise value discount rates
    • Using implied multiple analysis to develop valuation intuition
  • Advanced modeling/valuation techniques
    • Using Scenario Analysis To model best, worst and standard business cases
    • Using Operating Buildup to create detailed revenue and expense projections
    • Average interest – the only valid circular reference in a financial model
    • Sensitivity analysis to determine model robustness
  • Checks and balances to eliminate errors and "rookie" mistakes
  • Creating a summary/creating cover page
  • Recap of websites and support groups

 

Who should attend

Anyone using Excel to create Financial models for decision making will benefit from this course, including:

  • Financial Analysts/ Sr. Financial Analysts
  • Valuation Professionals
  • Investment Professionals
  • Mergers & Acquisitions Specialists
  • Controllers
  • CFOs

 

Yes, this course looks perfect for my needs!