Chapter 11). After understanding the basics, the principles of hedge accounting are explained, using numerical examples and case companies for illustration. The relevance of FX to every market, client and transaction type will be made clear through example. A full debt schedule, including a cash sweep, is incorporated into the model. Interest income and expense are added and the resulting circularity is solved with iterations. Delegates begin with basic keyboard drills and shortcuts, and then rapidly progress to efficient formula construction and basic modeling and checking techniques. Delegates are introduced to the basic concepts underlying leveraged buyouts. Delegates complete a full profitability comparison for the peer group. In this session we introduce the key characteristics of CDS and CDOs, describe their uses, and, using some case studies, show how they have influenced creditors’ behaviour, and what it may mean for a restructuring company. This session builds on a basic understanding of how interest rate swaps are used to alter interest rate risk for corporates. Throughout this session delegates analyze a group of companies in the food manufacturing industry in order to calculate several income statement metrics. Delegates will learn how to model and integrate the income statement, balance sheet and cash flow of a fast food business using Excel spreadsheets. Finally listing rules and some of the subtleties of the pricing of equities are examined. The class will address in detail how to work with intentional circular references. A comparable transaction analysis is performed on the case industry. This session provides a detailed understanding of the analytical framework underlying the calculation of pension assets and liabilities and the related income statement items. In reality, more time is wasted trying to find out why your model does not balance than the time you took to build it in the first place. Accounting complexities are introduced including affiliates/associates, non-controlled investments, and asset sales and purchases. The aim of this session is to model convertible bonds (and exchangeable bonds, mandatory convertibles). Starting from a simple three-statement integrated model, we translate the financial statements into a different currency, using end of year FX rates, leading to the creation of translation gains and losses. Have a question about which public course, in-house or online learning program is best for you? This is done in both a valuation and credit context. The issue of non-intentional circular references is covered and delegates are taught modeling rules that are designed to help avoid them. CORPORATE LEARNING … Financial Instruments and Hedge Accounting. By the end of the session, the class builds an accretion/dilution model using EPS forecasts and acquisition assumptions, proforma leverage ratios and a proforma balance sheet. It will also provide tips and tricks to reduce errors in the first place. Finally, delegates will learn how to incorporate the value of synergies into their DCF model or any other valuation approach. Delegates are introduced to preparing a transaction multiples matrix using LTM earnings. In this session, we look at project finance, what it is, examples to illustrate usage, pros and cons. cash conversion), capital structure issues (e.g. We focus on operating cash flow dynamics (e.g. In this session delegates will cover the main debt products available to corporates. The aim of this session is to explain how the product can change interest expense profile. This session covers the reporting and analysis of leases. We will drill down on the technical terms, so the attendee can identify the bond characteristic from the conversion option characteristic. The liquidation, sale value, and restructuring options are compared for the case company. Both long and short term, and public and private financing options are explored. The session lays the foundations to build a solid understanding of corporate valuation in the context of investment banking. In the last part of the session, we examine the valuation implications of pensions and the impact of different forecasting choices on value. Custom finance training for your organization. We then focus on the calculation of free cash flow. Designed and led by experienced finance professionals with excellent training credentials, our corporate finance training is interactive and practical. We have extensive experience developing curriculum for a variety of training … This session begins with an overview of the definitions and different types of financial instruments, together with an explanation of the accounting treatments. The course starts by explaining the logic and rationale for these transactions and then focuses on the financing implications for the company. The session is designed to expose delegates to different three statement modeling styles: multi-sheet, tower, and different income statement layouts. The most commonly used multiples are explained and complexities such as normalizing for non-recurring expenses/income are also covered. The amount of time the firm has available until cash runs out is calculated. Our corporate finance training courses equip you with the … Delegates will build a fully integrated forecasting model with the focus on monthly forecasting in the first year. Swaptions are also explored as an alternative to conventional pre-hedging. Learn how to build complex components of LBO models. How to Write an Investment and Credit Case. Our programs help your executives and employees master essential business concepts. Delegates gain understanding of the credit rating process by examining the assessment of both operational and financial risks of the business. This session reviews the fundamentals of M&A accounting. This session covers the major types of transactions involving debt financing including leveraged buyouts and mergers and acquisitions. During the final part of the session hedge ratios are described. Finally the development of algorithmic trading by both buy-side and investment banks for speculation and hedging respectively will be discussed. IMS Proschool, an initiative of IMS Learning Resources, offers corporate training for areas in finance, analytics, digital marketing and vocational training. This module addresses the practical problems of quarterly (or six-monthly) forecasting and modeling. Inflation-linked swaps will be introduced at a high level. Business managers in every type of organization and every function area require sharp finance skills to effectively drive business performance. Discover methodologies to expand your corporate finance knowledge and … Gamification of possible scenarios might work well here, or you may want problem-solving based asynchronous courses … The session includes the analysis of how business seasonality generates working capital volatility, illustrated using a quarterly forecast model. Interested in custom finance training for your organization? Corporate finance training goes beyond keeping employees up-to-date on developments in the world of finance. The financials are modeled for a variety of time periods: weekly, quarterly and annually. Delegates will assess and calculate the unlevered free cash flows of the target company and perform a discounted cash flow analysis on the target company. Draper Fisher Jurvetson International Inc. As we go along, we also cover the current accounting framework in relation to pensions and OPEBs. Although simple, the sample company contains the basic parts common to all projection models. Finally the class will develop sensitivity analysis on various financing options, examine credit impact of the transaction and structural issues of the financing choice. Ways To Create The Best Corporate Finance Training Program. The model covers the pre-petition phase, the administration phase and the post-emergence phase. Corporate finance may not seem glamorous or fraught with peril, but a company’s financial management is at the heart of its success. Understand when and how to model deferred taxes and net operating losses (tax loss carry forwards). Get in touch with AMT Training and find out about the wide range of training courses we offer. We then introduce average FX rates, increasing the model complexity, and we analyze the impact on the model. Complexities such as non-controlling interests and equity method investments (associates/affiliates), and their impact on earnings and cash flows are also covered. Our corporate training program will fill any pre-existing skill gaps and learn the most in-demand industry skills. Consequently, it can be critical to be able to identify the relevant numbers and make the appropriate adjustments in order to compare “like for like”. The last part of the session is dedicated to operating working capital issues in M&A deals. We then examine the impact of debt on profits, earnings per share (EPS) and return on equity (ROE), applying the analysis to a real company using Excel. Finally, the basics of multiple valuation and discounted cash flow valuation are introduced. The LDP Programs feature an initial comprehensive training program up to six weeks long and continued career development through a custom curriculum. Market risk and profit and loss from a bond position is explored. We then move on to the analysis of liquidity risk, showing how liquidity ratios can be used to examine whether a firm’s liquidity position is deteriorating. Finally the potential issues in assessing a company which uses derivatives are considered. Cash flows generally create the biggest issues in three statement models and result in model discrepancies and mistakes. At the end of the session delegates will have gained an understanding of how the investment bank serves clients in these markets, and how revenue is generated. Delegates will gain a thorough understanding of why a component is used in practice, how it works and how to model it. Using a case company, the debt capacity is calculated before different funding options. Delegates will learn how to calculate cross rates through triangulation and also how the no-arbitrage condition defines forward FX rates. In this session delegates learn how companies finance their operations. This session covers the main divestiture and restructuring options available to a firm as a going concern. This session covers the more advanced areas of multiples and DCF valuation. Merger Process and Arbitrage Fundamentals. The mechanics and purpose of spot, forward, FX swaps and cross currency swaps will be explained. This session concentrates on understanding the implications (both modeling and deal) of the finance structuring. We look at other interest rate derivates, such as caps and floors, and also look at alternative uses of interest rate swaps in the pre-hedging of debt finance. This session will initially introduce derivative markets and instruments including the mechanics and uses of forwards, futures and options. This program focuses on the analysis of returns. Multiples are calculated on both a historical and forecasted basis and delegates will assess the value of the case company based on a given set of comparables. Delegates review how to complete a cash flow statement from an income statement and two balance sheets. The pros and cons of each structure are explained and their balance sheet impact is analyzed in detail. 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