- 21 Hours
We provide computers to use during class. This course is available on PC only.
- Small in-person class
Students may retake the course once within six months if there is an available seat.
- 185 Madison Avenue, NYC
Learn essential finance & accounting concepts while building a comprehensive discounted cash flow model in Excel. This financial modeling class blends finance, accounting, and Excel concepts into an intensive 3-day course. You'll learn the practical skills you need to succeed as a financial analyst from an experienced investment banker and hedge fund analyst.
- Advanced Excel Training for Financial Modeling: Master advanced techniques including Goal Seek, financial functions, shortcuts, and cash flow projection tools.
- Crash Course in Finance & Accounting: Review corporate finance and accounting concepts, including enterprise value, financial statements, investments, and corporate valuation.
- Real-World Financial Modeling Project: Create a valuation model for a public restaurant company using current financial data. Review company presentations, earnings releases, and financial reports to determine the model drivers and assumptions. Derive a share value using corporate valuation principles and evaluate the stock for a potential investment.
Register today to reserve your seat. This course has very limited availability.
Finance, accounting, or financial modeling knowledge is helpful but not required. Students without any background in corporate finance or financial accounting should review our free online prep materials before the course (request the free materials after registration). This course assumes intermediate knowledge of Excel equivalent to our courses listed below:
Looking for corporate training?
We offer custom onsite training and discounted class vouchers.
- Advanced Excel for Finance: Financial functions, advanced formulas, Data Tables, & Excel tricks
- Corporate Finance: Market Cap, Enterprise Value, Stocks & Bonds, NPV, IRR
- Financial Accounting: Financial statements, financial ratios, and working capital
- Company Analysis: Analyze companies through financial statements, presentations, & recent news
- Discount Cash Flow Modeling: Project and discount future cash flows
- Corporate Valuation: Corporate valuation principles to value companies
- Financial Analyst Best Practices: Tips and tricks financial analysts need to know
- Investment Banking Interviews: Review concepts typically asked in investment banking interviews
Full Course SyllabusDownload PDF Outline
Day I: Advanced Excel for Financial Modeling
Advanced techniques to Expedite Workflow
- Efficient formula writing
- Formula & model auditing
- Advanced cell locking
- Hot Keys to work without the mouse
- Windows & work with multiple applications
- Go To Special
- Paste Special
- Project #1: Revenue build-up by store count and same store sales growth
Advanced Analytical Tools & Sensitivity Analysis
- Goal Seek
- Data Tables
- Scenario Manager
- Project #2: Cash flow modeling & sensitivity analysis
Database Functions for Finance
- Advanced SUMIFS
Functions for Financial Modeling
- Financial functions
- Date functions
- Nested IF statements
- IF Statements with AND/OR
- CHOOSE function
- Weighted average calculations
- Projects #3: Loan amortization model
Day II: Intro to Corporate Finance, Accounting, & Modeling
Intro to Corporate Finance
- Net Present Value (NPV) and Internal Rate of Return (IRR)
- How are PV and IRR used in financial modeling?
- How companies raise capital through debt and equity issuances
- Stocks, dividend yields, trading terminologoy, and valuation metrics
- Market Capitalization: Calculate the market cap for public companies
- Shares outstanding: How does share count change over time?
- Enterprise Value: Calculate the enterprise value for public companies
Financial Accounting & Statement Analysis
- Cash vs. accrual accounting
- Assets = Liabilities + Shareholder's Equity
- Annual and quarterly filings, and press releases
- Income Statement: Analyze line items on an income statement; calculate growth rates, and TTM
- Balance Sheet: Review assets, liabilities and shareholder's equity
- Cash Flow Statement: Analyze a public company cash flow statement
- Working Capital: Calculate and understand working capital
Integrated Financial Modeling
- Calculate historical ratios for revenue growth, margins, and working capital
- Project cash flows based on historical metrics
- Create debt, equity, and working capital supporting schedules
- Review how financial statements tie together and balance the model
- Integrate the income statement, balance sheet, and cash flow statement in Excel
Intro to DCF Modeling
- Calculate unlevered free cash flow from the integrated model
- Discount cash flows using the WACC
- Derive a share price from total company value
- Use Data Tables to sensitize the model's key inputs
- Conditional Format with formulas to highlight cells that meet certain criteria
- Calculate the revenue growth required to hit a certain share price
Intro to LBO Modeling
- Review Leveraged Buyouts (LBOs) basics
- Create a simple LBO model
- Calculate the IRR and Equity Multiple
Day III: In-depth Financial Modeling & Valuation
- Discuss the business model and value drivers of a public restaurant company
- Capital Structure: Calculate the total enterprise value and build a capital structure table
- Historical Financials: Populate the historical financials
- Ratios: Calculate the financial ratios
- Create financial projections for revenues
- Create financial projections for expenses
- Create projections for the working capital items
- Estimate the company's terminal value using the Gordon Growth Model
Discounting Cash Flows
- Use CAPM to estimate the company's cost of equity
- Calculate the weighted average cost of capital (WACC)
- Discount future cash flows with the midpoint convention
- Calculate the diluted shares outstanding using the treasury stock method
- Derive a value per share from total enterprise value
Final Analysis & Reasonability Testing
- Where does our model need additional analysis?
- How does our value per share compare to the current price?
- How do our financial projections compare to management's and the analyst community
- Analyze the output and determine reasonability of the model and assumptions
- What areas or assumptions require additional research?
- What assumptions drive the valuation and how would changes impact our thesis
- Should we invest in the stock at current prices?