Financial Analysis Prodegree. Program Schedule

Transcription

1 Weekend Batch - Saturday and Sunday (5 Hour session) Level 1-68 Hours On Registration (Either in Classroom or Online Live classes) Before the Next Session (Will be released one week prior) IFAP Landscape (2 Hours) 4 Financial Analysis Landscape 4 Top Line vs Bottom Line 4 Vehicles of Growth 4 Strategic Rationale For M&A 4 Valuation in M&A: How Much Will You Pay? 4 What is M&A? 4 Types of M&A 4 Indian M&A Market 4 Private Equity In India 4 Whar does a PE analyst Do? 4 Why allocate assets to PE 4 Investment parameters of private Equity Investors 4 Peculiarities of Private Equity Investors 4 Benefits of Private Equity 4 The Issue with Private Equity

2 Day 1 Financial Analysis Landscape (5 Hours) 4 Financial Analysis Landscape 4 Basics of Corporate Finance 4 Introduction to M&A 4 Introduction to Private Equity 4 Introduction to Equity Research 4 Current Indian Scenario: Investment Banking, Equity Research, Credit Research Principles of Accounting (2 Hours) 4 The Accounting Process 4 Who uses Accounts? 4 Accounting & Book-Keeping 4 Financial Terminologies 4 Accounting Concepts 4 Qualities of Accounting Information 4 Questions asked by Internal and External Users, Conflict of Interest 4 Managerial vs. Financial Accounting, Accounting vs. Bookkeeping 4 The use of GAAP 4 Building blocks of Accounting Day 2 Principles of Accounting (5 Hours) 4 The Accounting Process 4 Who uses Accounts? 4 Accounting & Book-Keeping 4 Financial Terminologies 4 Accounting Concepts 4 Basic Accounting Equation 4 Accounting principles and conventions 4 Hindalco: Walk through of financial statements Specific Financial Items and Financial Statement Preparation (1 Hour) 4 Financial Statements - Balance Sheet, Profit and Loss and Cash Flow 4 Understanding Revenues and Expenses 4 Transaction Analysis 4 The Recording Process Day 3 Specific Financial Items and Financial Statement Preparation (5 Hours) 4 Financial Statements - Balance Sheet, Profit and Loss and Cash Flow 4 Understanding Revenues and Expenses 4 The Accounting Cycle 4 Understanding Consolidated Accounts Ratio Analysis (5 Hours) 4 Du-pont Analysis 4 Definitions of Ratios 4 Liquidity Ratios 4 Asset Management Ratios 4 Debt Management Ratios 4 Profitability Ratios

3 4 Tangible Assets 4 Goodwill 4 Depreciation 4 Investments 4 Deferred Taxesstatements 4 When to use Which Ratios 4 Case Studies in Ratio Analysis Day 4 Ratio Analysis (5 Hours) 4 Du-pont Analysis 4 Definitions of Ratios 4 Liquidity Ratios 4 Asset Management Ratios 4 Debt Management Ratios 4 Profitability Ratios 4 When to use Which Ratios 4 Case Studies in Ratio Analysis Excel Basics (3 Hours) 4 Spreadsheet vocabulary review 4 Explore the User Interface 4 Work with the Ribbon 4 Work with Contextual Tabs 4 Customize the Excel Interface 4 Creating Spreadsheets 4 Cell Formatting 4 Logical Functions (IF, Nested IF, AND,OR,NOT,IFERROR) 4 Date and time functions (TODAY, NOW, YEAR, EDATE, EOMONTH, DAY & DATEDIF) 4 Text Functions (TEXT, LEFT, RIGHT, MID & CONCATENATE) 4 Statistical Functions (COUNT, COUNTA, COUNTBLANK, COUNTIF & SUMIF) Day 5 Excel Basics (2 Hours) 4 Spreadsheet vocabulary review 4 Explore the User Interface 4 Work with the Ribbon 4 Work with Contextual Tabs 4 Customize the Excel Interface 4 Creating Spreadsheets 4 Cell Formatting 4 Logical Functions 4 Date and Time 4 Statistical Functions 4 Frequently used shortcuts Advanced Excel (3 Hours) 4 Custom List 4 Goal Seek 4 Macros 4 Pivot Tables 4 Scenarios 4 Consolidation 4 Data Cleaning 4 Data Manipulation

4 Day 5 Advanced Excel (3 Hours) 4 Data Validation 4 Templates 4 Custom List 4 Goal Seek 4 Scenarios 4 Consolidation 4 Data cleaning 4 Data Manipulation 4 Pivot Tables 4 Macros Day 6 Ratio Analysis and Consolidation (2 Hours) 4 Consolidation of Financial Statements 4 Case Study on Consolidation 4 Simple Consolidation 4 Preparing Consolidated Statements Forecasting and Financial Modeling (3 Hours) 4 Basics of Financial Modeling 4 Comparison Between Financial Model & 4 Normal MS Excel Calculations 4 Components of Financial Modeling 4 Financial Modeling Requirements 4 Types of Data 4 Types of Variables 4 Growth Rates and Proportions 4 BEDMAS Principle Forecasting and Financial Modeling (3 Hours) 4 Objectives of Forecasting 4 Understanding Business Model 4 Basics of Financial Modeling 4 How to create a basic IB financial model Forecasting and Financial Modeling (3 Hours) 4 Modeling income and expenses 4 Modeling non-operating expenses 4 Overview of FX, Risk and Hedging 4 Associates 4 Overview of Extraordinary Expense 4 Below the Line Adjustments 4 Modeling EPS and DPS 4 Overview of EPS

5 Forecasting and Financial Modeling (5 Hours) 4 Real Life Case Study 4 Build an Integrated Financial Model for Colgate Palmolive Limited - a Publicly Listed Company 4 Convert the Single Step Historical Income Statement Captured in the Excel File into a Multi-step Income Statement 4 Set up a Separate Assumption and Analysis Sheet and Capture Necessary Ratios 4 Assume growth rates and proportions for forecast years take cue from historical ratios 4 Model Income Statement, Balance Sheet and Cash Flow 4 Ensure that the Assets and Liabilities match Day 7 4 Basic vs Diluted EPS 4 Identifying Dilutive EPS and Modeling 4 Dividend Decisions and Modeling 4 Modeling Working Capital 4 Overview of Working Capital 4 Working Capital Ratios 4 Forecasting Working Capital

6 Day 8 Evaluation - 1 (5 Hours) 4 Semester 1 Evaluation on Accounts and Financial Landscape - Objective and Subjective Test Paper Day 9 Guest lecture and Open House (4 Hours) 4 Guest Lecture by EY leadership 4 Open House with Faculty for Doubt Clearing Corporate Strategy (2 Hours) 4 The BCG Growth-Share Matrix 4 Mahindra & Mahindra Case Study 4 Product Life Cycle 4 Finding, Strategies and Suggestions 44 Hours - 24 Hours - End of Level 1

7 Level 2-65 Hours Day 10 Corporate Strategy (5 Hours) 4 Porter s Five Forces 4 Structural Determinants 4 SWOT Analysis 4 PEST Analysis 4 The Product Life Cycle and the Boston Matrix 4 Identifying Key Success Factors and Core Competencies 4 Case Study: Smart Phone Application 4 Class Exercise: What strategy has Flipkart adopted? Session 1 Valuation Basics (3 Hours) 4 Basic Approaches to Valuation 4 Key Valuation Terms 4 Approaches to Valuation 4 Relative Valuation 4 DCF and Other Intrinsic Valuation 4 Trading Comps and Peer Valuation Day 11 Valuation Basics (2 Hours) 4 Introduction to Valuation 4 Different approaches to Valuation 4 Arriving at Cashflows and Growth rates for valuation Session 2 Valuation Basics (3 Hours) 4 Transaction comps 4 Steps in Valuation Using Trading Comparables 4 Understanding Time Value of Money 4 Sensitivity Analysis 4 What Return Should A Firm Expect? 4 Growth Models Valuation Advanced (3 Hours) 4 Calculating Terminal Value 4 Treatment of specific financial items 4 Choosing Tax Rates

8 Day 12 Cost of Capital (5 Hours) 4 Cost of New and Existing Debt 4 Cost of Equity CAPM Model 4 The Risk-Free Rate in Practice 4 The Market Risk Premium: Historical Premium Approach 4 Types of Risk and Estimating Beta 4 Cost of Equity Companies with Country Risk Exposure 4 Correlating the Cost of Capital to Valuation 4 Calculation of WACC 4 Levered and Unlevered Beta Equity Valuation - Methods (3 Hours) 4 Equity Valuation Models: Strengths, Caveats, Application 4 Dividend Discount Models 4 FCFE Models Day 13 Equity Valuation - Methods (2 Hours) 4 DDM (Single-Stage, Two-Stage, Three- Stage, H Growth Model) 4 FCFE (Single-Stage, Two-Stage, Three Stage) 4 FCFE Valuation vs. DDM Firm Valuation Models (3 Hours) 4 FCFF Valuation (Single-Stage, Two-Stage, Three Stage) 4 APV Valuation 4 Sector Specific Multiples 4 Relative Valuation for a Listed and Unlisted Company 4 Comparison with Intrinsic (Cash Flow based) Valuation Firm Valuation Models (2 Hours) 4 Which cash flow should I discount? 4 Which Growth Pattern Should I use? 4 What discount rate should I use? 4 Case studies of companies valued: ABN Amro, Nestle, DaimlerChrysler, Amazon.com Business Communication (3 Hours) 4 Business Communication 4 Body Language Primer

9 Day 14 Business Communication (2 Hours) 4 Business Communication 4 /Chat/Telephone Etiquette 4 Listening/Questioning Skills 4 Interpersonal Skills Resume Writing (3 Hours) 4 The Why, The What and the How of Resumes 4 Personal Branding 4 Tips and Resources 4 Interview Skills 4 Using Social Media 4 CV Discussion Aptitude (5 Hours) 4 Verbal Aptitude: Synonyms, Antonyms, Error Spotting, Sentence Arrangement, Fill the blanks, Replacing the Phrase, Comprehension, etc. 4 Logical Reasoning: Assumptions, Course of Action, Seating Arrangement, Encoding & Decoding, Analogy, Blood Relation Questions. Day 15 Aptitude (5 Hours) 4 Quantitative Aptitude Training 4 Trains, Time and Work 4 Profit and Loss 4 Ages 4 Permutation and Combination 4 Chain Rule 4 Alligations 4 Time and Distance 4 Simple Interest 4 Partnership 4 Surds and Indices 4 Pipes and Cisterns 4 Logarithms, Probability, 4 Percentages and Ratio and Proportion

10 Day 16 Technical Skills - Powerpoint (5 Hours) 4 Working with Shapes 4 Keeping the Audience/Reader on Track 4 Working with Pictures 4 Avoiding Death by Bullet Mini-Series 4 Working with Tables, Charts - Choosing the Most Appropriate Chart & Constructing it 4 Making the Chart more Communicative 4 Animation 4 Other Best Practices 4 Case Studies & Before vs. After Examples Evaluation - 2 (5 Hours) 4 Semester 2 Evaluation on Valuation Day 17 Day 18 Guest lecture and open house (4 Hours) 4 Guest Lecture by EY leadership - Topic: Challenges/Caveats in Valuation Transaction Execution (2 Hours) 4 Typical Private Equity fund raise process 4 The Science Technical closure details Open House with Faculty for Doubt Clearing 44 Hours - 21 Hours - End of Level 2

11 Level 3-47 Hours Day 19 Transaction Execution (4 Hours) 4 M&A Transaction Process 4 How to Make a Pitch Presentation 4 LBO and Financing Basics 4 Basics of Documentation 4 Due Diligence: What Should You Look Out For? 4 Planning Post-acquisition Integration Introduction to Equity Research (5 Hours) 4 Overview of Equity 4 Research business 4 Job of an Equity Research Analyst 4 Types of research reports 4 Approach to analyze a business 4 Ecosystem of Asset Management 4 Buy side, Sell Side Jobs - Incentives, Work Profile, Requirements 4 Business Model Snapshot Day 20 Introduction to Equity Research (5 Hours) 4 Unravelling Colgate 4 Primer on Equity Research 4 Techniques of Relative Valuation 4 Walkthrough a maintenance Research Report 4 Tips on Effective Research Writing Day 21 One-One Presentations (2 Hours) 4 One-on-one presentation of individual assignment

12 Guest lecture by EY + Business Writing & Storyboarding (5 Hours) 4 Preparation 4 Establishing the Purpose of Collateral with Regard to the Audience 4 Identifying the Specific Needs of the Audience 4 What is the Scope of Coverage? 4 Selecting and Understanding the Medium of Communication 4 Brief Introduction to Various Mediums of Brochure, Newsletters, and their Uses 4 Persuasion and Promotion Writing 4 Research 4 Note Taking 4 Brain Storming and The Art of Mind Mapping 4 In class Mind Mapping Exercise Day 22 Day 23 Final Project Presentation (5 Hours) 4 Final Project Submission in Front of Your Peers While Industry Experts Evaluate Your Project Work with Constructive Criticism Day 24 Financial Model Presentation (5 Hours) Interview Preparation - HR (3 Hours) 4 Business Etiquette 4 Interview Preparation 4 Stage 1 - Preparation 4 Stage 2 - First Impressions Count 4 Stage 3 - The Interview 4 Stage 4 - The Final Stage 4 How To Ace The 50 Most Common Interview Questions

13 Day 25 Interview Preparation - HR (2 Hours) 4 Types of Interviews 4 What to Do Before an Interview 4 What to Do After an Interview 4 Follow-up Etiquette 4 Body Language - Dos and Donts Interview Preparation - Domain (3 Hours) 4 Experts Guide You on How to Prepare for Technical Interview Round with Tips, Tricks and a Quick Refresher on Concepts Learnt Mock Interviews - HR and Domain with Internal Faculty (4 Hours) 4 1:1 or Panel Mock Interviews with Faculty to Clear the HR and Technical Round of Interviews to Give You Confidence to Face Real World Scenarios Mock Interviews - HR and Domain Facing External Industry Experts (4 Hours) 4 1:1 or Panel Mock Interviews with Industry Veterans to Clear the HR and Technical Round of Interviews to Give You Confidence to Face Real World Scenarios Day 26 Day Hours - 8 Hours - End of Level 3 Total 127 Hours - Total 53 Hours -