Impact of Complex Debt Structures on Debt Restructuring. Corporate Solutions. 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. This session will focus on using ratios and financial statement information as a means to identify a company’s financial strategy and the implications of different financing strategies on the overall analysis. Whether you represent a large multinational corporation or a small local business, we have … The session focuses on the details of comparable company analysis. We use the accounts of some failing firms as case studies. The last part of the session is dedicated to operating working capital issues in M&A deals. The aim of this session is to help delegates acquire a practical understanding of working capital, enabling them to analyse it from different perspectives and to model it appropriately. Cash flows generally create the biggest issues in three statement models and result in model discrepancies and mistakes. We then focus on the value impact of financial structure decisions, examining the value of tax shields and the impact of leverage on WACC. The financials are modeled for a variety of time periods: weekly, quarterly and annually. Delegates complete a full profitability comparison for the peer group. Our corporate finance training courses equip you with the … Financial Statement Analysis and Corporate Financial Strategy. The ways in which client and market-maker positions generate profits and losses will be considered. The resulting value will be sensitized using data tables. We then focus on the calculation of free cash flow. Established in 1991, Pimley & Pimley Inc. is a leading provider of credit and corporate finance training programs around the world. This session focuses on modeling in different currencies and the related issues. Delegates are introduced to the basic concepts underlying leveraged buyouts. This session covers the more advanced areas of multiples and DCF valuation. Delegates will work in groups alongside the instructor to write a credit case and ultimately deliver a recommendation to the "credit committee/instructor". This session covers the main divestiture and restructuring options available to a firm as a going concern. Exposure to a mix of modeling styles will help prepare them to work on in-house models or models they may inherit from other finance professionals. This session will introduce delegates to the workings of FX markets. During this session delegates will cover the calculation of basic and fully diluted EPS. A detailed ratio analysis is used to establish the reasonableness of the forecasts and to identify when the target company reaches steady state. This session focuses on the different approaches of terminal value calculations. Delegates learn how to build cash flow statements using historical and forecast balance sheets. Corporate finance training goes beyond keeping employees up-to-date on developments in the world of finance. Delegates learn how to structure an LBO and model the impact of the new financing structure. The relevance of FX to every market, client and transaction type will be made clear through example. The model covers the pre-petition phase, the administration phase and the post-emergence phase. The concept of invested capital is then introduced and practical examples are used to show how to calculate the return on invested capital. This session covers the major types of transactions involving debt financing including leveraged buyouts and mergers and acquisitions. The difference between working capital and operating working capital is analyzed using several ratios. Cash Flow and Credit Analysis for Potentially Stressed Companies. Delegates learn how to build a discounted cash flow valuation model. During this session delegates review the consolidation rules to incorporate equity investments and measure the enterprise value of a business. Understand the key ratios used in financial analysis and what they can tell you about a business. The options available to companies to avoid financial distress are also reviewed. The valuation impact for comparables and discounted cash flow analysis will then be covered in detail. A full debt schedule, including a cash sweep, is incorporated into the model. Financial Instruments and Hedge Accounting. Accounting complexities are introduced including affiliates/associates, non-controlled investments, and asset sales and purchases. The session starts by establishing why private equity firms can create value through leveraged buyouts and how the levered valuation fits into the valuation road map. Delegates will then use an additional model to learn how to establish debt capacity through a debt layering exercise. 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. Complexities such as non-controlling interests and equity method investments (associates/affiliates), and their impact on earnings and cash flows are also covered. Delegates also learn how to stress test the assumptions used, to check their work efficiently and to document it. The aim of this session is to provide delegates with an introduction to the underlying mathematics of fixed income. Delegates will build simple financial statements using a list of transactions. This session covers a review of complex three statement models with a focus on cash flows and cash sweeps. In this session delegates examine the service, analysis and recommendations provided by a Credit Ratings Advisory team to provide a debt issuer with advice of how to structure its bond offerings in order to achieve a given credit rating for a specific debt tranche. Delegates review how to complete a cash flow statement from an income statement and two balance sheets. cash conversion), capital structure issues (e.g. The CFI program is one of only a few financial modeling-focused online certifications taught by industry leading training professionals, which ensures best-practices. In reality, once the initial model building process is complete, it is very common for the model to be modified. The session also outlines the role of the M&A team during this takeover period. This session provides delegates with an understanding of the importance of working capital in the context of a company's financing structure and cash flows. It is best to analyze and value each unit separately and then sum the parts to estimate the value of the entire company. Our corporate training program will fill any pre-existing skill gaps and learn the most in-demand industry skills. Finance Training Programs Guide To The Different Types Of Finance Training Programs. Corporate finance may not seem glamorous or fraught with peril, but a company’s financial management is at the heart of its success. The session includes the analysis of how business seasonality generates working capital volatility, illustrated using a quarterly forecast model. Custom finance training for your organization. Delegates will learn how to calculate cross rates through triangulation and also how the no-arbitrage condition defines forward FX rates. Both long and short term, and public and private financing options are explored. 10 companies with awesome training and development programs Hence it is important not only to understand the concept of revenue versus cost synergies (at COGS & SG&A level) but also to assess and value synergies correctly. In addition, we also explore the concept of risk adjusting the weighted average cost of capital to reflect risk of the synergies. We require those who are attending this training to first attend Commission Home Loan Programs and Homebuyer Education Instructor Training. Discover Strategic Finance – one of the best finance courses for senior executives This is just what IMD’s Strategic Finance program is designed to do. Delegates will gain a thorough understanding of why a component is used in practice, how it works and how to model it. Finally the potential issues in assessing a company which uses derivatives are considered. Discover our results-driven courses and certificate programs in data analytics, finance… This session addresses the concept of valuing estimated synergies expected to arise as a result of a transaction. This financial analyst certification program begins where business school ends to teach you job-based skills for corporate finance, investment banking, corporate development, treasury, financial planning … Whether you’re new to finance or an expert, whether finance is your career focus or one piece of your leadership arsenal, finance programs … For more information on our custom finance training for your organization, please contact us. The deal analysis focuses on the financing structure, pricing, earnings and credit impact and value creation. This model integrates a two stage accounting adjustment model into a three statement financial forecast model, and it incorporates both the financial and operational aspects of the restructuring. Various kinds of debt instruments are identified, and the main equity accounts are examined. Swaptions are also explored as an alternative to conventional pre-hedging. Merger Process and Arbitrage Fundamentals. The liquidation, sale value, and restructuring options are compared for the case company. This program … In some sectors leasing is a big issue and can cause a lot of noise when performing company comparisons. Delegates will then examine the life of a corporate and consider the debt and equity funding options that are available. Tax losses and carry forwards are also covered as well as the deferred tax implications of M&A transactions. The income statement, balance sheet and cash flow statement are introduced, and the key interactions between the income statement and balance sheet are explained. This session builds on a basic understanding of how interest rate swaps are used to alter interest rate risk for corporates. Browse all free courses from CFI to advance your career as a world-class financial analyst. Based in Princeton, New Jersey, the firm has conducted training for … The amount of time the firm has available until cash runs out is calculated. This session covers the accounting for PIK instruments, bonds issued at a discount and convertible bonds. The LDP Programs feature an initial comprehensive training program up to six weeks long and continued career development through a custom curriculum. This session will explain the basic workings of the trading floor, the flow of business from client to sales and to trader. This session will introduce delegates to the workings of FX markets. Delegates will learn how to calculate modified duration and dollar duration, and the topic of convexity will be introduced. Since 1999, Training The Street has specialized in Finance Training, Financial Training, Investment Banking Training and Financial Modeling Training around the world. For more information on our custom finance training for your organization, please contact us. In the context of writing an investment/credit approval case, delegates incorporate the key concepts of credit analysis, credit/investment documentation, syndication/hold recommendations/issues, financial modeling and scenario management. This is the best online corporate finance course to learn the core concepts of Corporate Finance from a MOOC platform… The session starts with an overview of the valuation methodology, and the steps required in setting up a valuation model. AFP Corporate Training. This is done in both a valuation and credit context. We focus on operating cash flow dynamics (e.g. Delegates begin with basic keyboard drills and shortcuts, and then rapidly progress to efficient formula construction and basic modeling and checking techniques. 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