Sydney

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Who should attend the course?

  • 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

Course details

Financial Modeling Fundamentals (2 days)

Delegates will learn how to model and integrate the income statement, balance sheet and cash flow of a fast food business using Excel. In addition to learning the steps necessary to build a three statement financial model, delegates will also cover how to build models accurately and efficiently through a series of best practice modeling rules. Delegates also learn how to stress test the assumptions used, to check their work efficiently and to document it.

 

Learning outcomes

  • Using keyboard shortcuts
  • Setting Excel up for maximum efficiency
  • Working with key modeling formulas and structures
  • Building three statement projections
  • Modeling cash and revolver
  • Addressing standards for good models
  • Constructing the income statement, balance sheet and cash flow statement
  • Introduction to checking methodologies
  • Performing audit trails
  • Incorporating interest income and expense

Three Statement Modeling

Through the process of building a more complex three statement model, delegates are taught how to model operating cash and calculate interest using average debt and average cash balances. The class will address in detail how to work with intentional circular references. The issue of non-intentional circular references is covered and delegates are taught modeling rules that are designed to help avoid them. The session is designed to expose delegates to different three statement modeling styles: multi-sheet, tower and different income statement layouts. Exposure to a mix of modeling styles will help prepare them to work on in-house models or models they may inherit from other finance professionals. 

 

Learning outcomes

  • Modeling operating cash, excess cash and the revolver
  • Calculating interest on cash and debt balances
  • Working with intentional circular references
  • Avoiding non-intentional circular references
  • Building models with different styles and layouts
  • Calculating ratios

Financial Modeling and Forecasting

Delegates will learn how to build a three statement model using a detailed revenue forecast with price and volume drivers. A full debt schedule, including a cash sweep, is incorporated into the model. In addition to the main class case model, delegates are given exercises to help them understand more complex modeling issues (e.g. detailed depreciation schedules and working capital items). Common errors are covered from balancing a non-balancing balance sheet to debugging a model that is non-intentionally circular.

 

Learning outcomes

  • Complex three statement models
  • Modeling a detailed revenue forecast
  • Modeling a cash sweep
  • Modeling a detailed debt schedule include a cash sweep
  • Consolidating and re-applying knowledge of circularity, iteration and a toggle switch
  • Building cash flow statements from scratch
  • Troubleshooting techniques for cash flow statements
  • Finding errors and integrity checking


Integrity and Error Checking

Common errors are covered from balancing a non-balancing balance sheet to debugging a model that is non-intentionally circular.

 

Learning outcomes

  • Troubleshooting techniques for cash flow statements
  • Finding errors and integrity checking
  • Using Excel tools to help with integrity checking
  • Finding unidentified hard numbers quickly and easily
  • Using Excel’s “jump tool” to trace through formulas with ease
  • Using Excel to show the formulas underlying output
  • Using Excel to find inconsistencies in the model
  • Using Excel’s auditing tool to trace formulas

"Attending AMT's financial modeling courses has helped strengthen my financial skills and enhanced my technical ability. Some of the new Excel skills I learnt will certainly help in my new senior role." ~ associate, global investment bank

View video to get a flavour of the course

Course materials

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

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