Course Trainers

Anthony Cassidy

As a trainer Anthony has a focus on equity, fixed income and derivative products along with risk and portfolio management. He has delivered and designed courses for global investment banks, insurance companies, wealth managers and other financial services companies in addition to running specialist days on hedge funds and mergers and acquisitions (M&A).
Course Trainers

Stefano De Cesaris

Stefano has delivered numerous training programs for our key global clients in investment banking and M&A advisory firms. His involvement in numerous mergers and acquisitions (M&A) transactions enables him to use real life examples when training AMT clients.
Course Trainers

Jesse Freitag-Akselrod

Jesse delivers successful programs to the full range of clients at AMT Training. Using both his teaching and work experience, he creates an enthusiastic and interactive environment that leaves his delegates wanting to come back for more.
Course Trainers

James Gilpin

James has been a financial trainer for over 10 years. At AMT, he provides training to graduates and banking professionals in the areas of accounting, corporate finance, capital markets, derivatives, valuation, M&A and financial modeling.
Course Trainers

Hans Haanappel

Since 2004, Hans has been providing training programs for several investment banks, PE firms and corporate finance boutiques primarily on financial modeling and forecasting, intermediate accounting, corporate valuation, cost of capital, leveraged buyout and mergers and acquisitions (M&A) modeling.
Course Trainers

Marwa Hammam

Marwa has 14 years of banking experience and began her career with Citi in EMEA, where she held a number of roles in relationship management, investment banking, credit, country and market risk management.
Course Trainers

Stephen Herlihy

Since joining AMT Stephen has trained programs in the US, Europe and Asia. He has a passion for finance and trains investment banking, asset management and sales & trading programs. He prides himself on having an engaging and interactive style and always tries to appeal to delegates’ intuition.
Course Trainers

Dennis Jullens

Dennis spent 20 years in banking of which the last 12 years were at UBS where he was European Head of Valuation & Accounting Research. In this role, he published applied research and advised institutional clients on a range of accounting topics, finance issues and valuation methodologies.
Course Trainers

Felix Kaufmann

Felix has been involved in financial training since 2011. At AMT Training he delivers successful programs to our full range of clients. Using his extensive financial background, Felix creates an enthusiastic and interactive environment that leaves his delegates empowered, confident and fresh when returning to work.
Course Trainers

Zuzanna Konarska-Weetman

Zuzanna started working as a trainer in 2010, specializing in corporate finance, valuation and financial modeling. She delivers training for graduate programs for leading investment banks globally. Zuzanna enjoys delivering training with lots of hands on examples and using her extensive financial experience.
Course Trainers

Peter Mazzarese

Peter has a hands-on approach to training. This allows him to work closely with delegates to ensure they benefit from both an understanding of the key concepts and, a practical knowledge of tools and techniques that they can apply in their job role.
Course Trainers

Matthew Parker

Matthew is an energetic and enthusiastic trainer. His passion for finance topics, means that dry subject areas are brought to life in a fun and effective manner. Matthew has an interactive and engaging style making him a popular choice amongst AMT clients.
Course Trainers

Rasna Saini

Rasna trains finance professionals across the globe. She is passionate about teaching. Rasna uses her banking experience to simplify and highlight key concepts in her friendly professional style.
Course Trainers

Iris Springer

With almost 10 years financial training experience, Iris has designed and delivered a number of complex training curricula to the world’s top investment banks, covering a wide range of corporate finance, principal investment and global markets topics.
Course Trainers

Justin Thomas

Justin is a conscientious, diligent and dynamic trainer, who is able to engage with delegates across all levels and learning styles. He enjoys financial training as it facilitates his passion for learning and understanding real time economic, accounting and finance news framed by theory and practical application.
Course Trainers

Serge Vidal

For almost 5 years Serge has delivered numerous training courses globally for many leading financial institutions. Topics covered include corporate finance, valuation (industrials and banks), financial modeling, M&A, LBO, financial accounting, capital markets, bank regulatory capital and financial risks.
Course Trainers

Jolle Wever

Jolle has a relaxed approach to training, taking his time to ensure he clearly demonstrates the techniques used, and that delegates understand and take in sometimes complex subject matter.

London

9.00am - 5.00pm
1 day (non-exam)
Use any version of MS Excel
Learn more - London courses

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Venue and transport links

Aldgate East
The White Chapel Building
5th floor
10 Whitechapel High Street
London
E1 8QS
View venue

"It's great to have access to the AMT online platform. I found the videos and quizzes really useful to refer back to after my public course. The videos in particular were simple and easy to understand." ~ analyst, private equity firm

Who should attend the course?

Undergraduates, Interns and Graduates

Securing a graduate scheme at a top financial organisation without work experience can be challenging. Ideally, they would like you to have intern experience and to be passionate about finance. Financial institutions will often select only the best prepared candidates to be fast tracked into their graduate scheme. If you aspire to work in corporate finance, M&A, private equity, asset management, private banking, global markets or sales and trading, you will need to be numerate and excel at analyzing financial and market information. By attending an AMT public course, you will learn about financial statement analysis, financial modeling and valuation. You will gain the knowledge and skills for those all important interviews.

Experienced Finance Professionals

Working for a leading financial institution means you will be working in a highly competitive environment. In order to stay ahead you will need to keep pace with your colleagues. AMT’s public courses ensure that you maintain and enhance the knowledge and skills you need to continuously deliver a professional level of service to your clients. Hence becoming more effective in the workplace and helping advance your career. Learn or refresh your skills in financial statement analysis, financial modeling and valuation, and stay ahead of the curve.

What courses complement this one?

Financial Valuation

To get a comprehensive understanding of Financial Valuation, study over 3 days:

Book all 3 courses

Course details

Valuation Issues

This session covers the more advanced areas of multiples and DCF valuation. Non-controlling/minority interests, equity method investments (associates/affiliates), leases, pensions, stock based compensation and provisions are covered and slotted into the valuation roadmap. Both enterprise value and income statement adjustments are addressed, using case company examples.

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
Cash and equivalents issues
- Restricted cash
- Operating cash
- Excess cash
- Cash equivalents
- DCF and multiples treatment
Debt like provisions and contingent liabilities issues
- Fundamentals of provision accounting
- Provisions valuation
- Contingent liabilities
- Provision adjustments to multiples and DCF
Other items
- Assets held for sale
- Financial investments
- Derivative liabilities and assets
- Preference shares
- Adjustments to multiples and DCF
- Understanding stock prices – Cum-div and Ex-div

What will you receive on the course?

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:

printed course binder with copy of the slides
laminated summary sheets
24/7 access to AMT Online (AMTO)
class recordings
course notes
quizzes
electronic homework/study files

What to bring

You need to bring a Windows-based laptop to the training with Excel and Adobe installed on your system to access your course files. Our teaching materials are designed for PCs and not MAC based systems. Download details for the necessary files will be emailed a few days before the course. You can use any version of MS Excel in class. Please inform us of your Excel version when booking your course.

Pre-requisites

A solid understanding of the topics covered by our courses in Financial Statement Analysis and Financial Modeling are desirable:

Financial Statement Analysis

Financial Modeling

We also recommend delegates possess solid Valuation skills gained from days 6 and 7.

Quick Contacts

Valuation Issues (1 day) - London

Anthony Cassidy

Stefano De Cesaris

Jesse Freitag-Akselrod

James Gilpin

Hans Haanappel

Marwa Hammam

Stephen Herlihy

Dennis Jullens

Felix Kaufmann

Zuzanna Konarska-Weetman

Peter Mazzarese

Matthew Parker

Rasna Saini

Iris Springer

Justin Thomas

Serge Vidal

Jolle Wever

London

Venue and transport links

Who should attend the course?

What courses complement this one?

Course details

What will you receive on the course?

What to bring

What to bring