Mode Of Delivery
The Advanced Finance Program provides an exclusive, tailored learning journey that allows you to accelerate your learning development in a way that complements your current knowledge base and helps you meet your career goals. This Program is for executives who need to master the necessary financial skills to remain at the leading edge of their professions. Expand your knowledge and deepen your expertise in the areas of corporate finance, investment strategies, private equity, mergers and acquisitions, and venture capital. Experience a rigorous learning journey focused on finance and investment strategy and leadership that will position you for greater success
Module : Cashflow & Enterprise Value
Enterprise value (EV) measures the value of a company's business instead of measuring the market capitalization of the company's shares. EV is superior to simple market cap in that it aggregates all the investments made in a firm. Here we look at how EV is calculated, the factors that affect it, and explore the relationship between EV and cash.
2.Enterprise Value Analysis: Basics
EBITDA measures the operating profit made by a firm before deductions for noncash items. The EV/EBITDA ratio measures the relationship between total firm value and the earnings available for bondholders, bank lenders, and stockholders. Here we explore the calculation and interpretation of EV/EBITDA.
3.The Cash Flow Statement
This chapter is designed to efficiently teach accounting to you and professionals embarking on careers in finance. The chapter is written in a clear, easy-to-follow style that makes accounting accessible, and is filled with exercises that test and reinforce covered concepts. We begin with an analysis of accounting rules and the structure and composition of key financials. We introduce the income statement, balance sheet, cash flow statement, and thoroughly analyse their important inter-relationships, line-by-line, all the while using real life examples to reinforce important concepts.
4.Understanding Cash Cycles and Cash Flow
This chapter will introduce you to cash cycles and will educate him/her about how to measure the cash cycle, as well as benefits and limitations of cash cycle analysis. Additionally, the chapter will also provide information regarding seasonal cash cycles.
5.Enterprise Value Analysis: EV/Sales
The relationship of enterprise value to sales tells investors how much they have to pay for a given unit of sales. The EV/sales ratio also measures the total value of a company relative to its sales. Here we look at how EV/sales is interpreted and examine the strengths and weakness of the ratio.
6.Enterprise Value Analysis: Other EV Ratios
There are many different EV multiples than investors use to value companies. One group of ratios compares enterprise value against a figure that is discoverable from a company's financial statements, while a second group compares EV to a denominator that is generally accepted by the industry. Here we look at EV ratios from both groups and show you how they should be interpreted.
You will be introduced to valuation analysis in general, and the DCF model in particular.
We will teach you how to value the company step-by-step. Along the way, you will learn how to estimate the weighted average cost of capital (WACC) in the real world, how to implement commonly used approaches to calculating terminal value, and all the nuances of DCF modelling. Finally, we will use data tables to analyse a broad range of scenarios given different assumptions.
9.Understanding the Balance Sheet: Non-Debt Liabilities
10.Understanding EBITDA, FFO and CAD
11.Balance Sheet Clean up
12.Introduction to Deferred Taxes
13.Introduction to Intercompany Investments
14.Understanding Net Debt