London

Venue and transport links

course-venue-pic
  • 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