Course description
Valuation Issues (1 day)
This session covers the more advanced areas of multiples and DCF valuation. Enterprise value and income statement adjustments are addressed for both DCF and multiples, using case company examples.
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Upcoming start dates
Suitability - Who should attend?
- New hires who have joined the firm late and missed the in-house program
- Individuals looking to fill a knowledge gap
- Experienced bankers looking to refresh their technical skills
- Teams employed in financial strategy roles from non-banking corporations
- Graduates preparing to interview for a role in the finance sector
- Students at business school and looking for a career in finance
Prerequisite
A solid understanding of the topics covered by our courses in Financial Statement Analysis and Financial Modeling are desirable:
Financial Statement Analysis
- Accounting Fundamentals, the Income Statement and Working Capital
- Non-Current Assets, Cash Flow Statements, Debt and Equity
Financial Modeling
- Financial Modeling - Fundamentals
- Financial Modeling - Cash Sweep and Troubleshooting
- Financial Modeling - From Scratch
We also recommend delegates possess solid Valuation skills.
- Valuation Fundamentals and Trading Comparables
- Discounted Cash Flow (DCF) Valuation
Training Course Content
Learning Outcomes
- Stock based compensation issues
- Essentials of stock based compensation accounting
- Intrinsic value of stock based compensation
- Treasury method of accounting for stock based compensation
- Restricted stock and performance stock units
- Multiples adjustments
- DCF adjustments
- Non-controlling interests (NCI) and equity affiliates/associates issues
- Accounting for NCI
- NCI valuation
- Adjustments for NCI to DCF and multiples
- Accounting for equity affiliates/associates
- Equity affiliates and core, consolidated and total EV
- Equity affiliate valuation
- Adjustments for equity affiliates to DCF and multiples
- Operating leases issues
- Differences between operating and financing/capital leases
- Fundamentals of operating and financing/capital lease accounting
- Operating leases adjustments to multiples
- Operating leases and DCF
- Pensions issues
- Fundamentals of pension accounting
- Defined benefit vs. defined contribution plans
- Funded vs. unfunded plans
- Pension deficits and surpluses
- Pension adjustments to multiples
- Pension adjustments for DCF
Course delivery details
While this is a face to face training course, a blended learning approach is taken and delegates will be provided with access to AMT Online. Our study materials contain both the knowledge and practice materials required to assist with the learning process and help you in your job role. Course materials include:
- e-binder
- laminated summary sheets
- 24/7 access to DELTA online learning environment
- class recordings
- course notes
- quizzes
- electronic homework/study files
Reviews
Average rating 4.9
well informed presenter, strong use of excel commands, good discipline which we can try and follow
Thank you so much! Your session really brushed up and make me do excel much more efficient, better, and faster than before.
I thought it was very helpful. Thanks so much!