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VIRTUAL DELIVERY VIA ZOOM

Valuation Issues

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For further information on dates or how to enrol on to our courses, please call +44 (0)20 7549 2591 or alternatively email our bookings team.

Course details

What you’ll learn

Valuation Issues

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.

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

“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

Virtual Classroom

  • 1 day ( exam )

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

View video to get a flavour of the course

What is a Virtual Classroom

Virtual Classroom training is a new and highly engaging way of delivering programs remotely with enhanced levels of interactivity compared to conventional webinars. In AMT's Virtual Classroom participants are encouraged to activate their own webcams and mics throughout the class allowing for real-time engagement, both verbal and non-verbal, with fellow participants and their trainer. Participants can also share their screens to get instant assistance in any technical exercise; just like asking the trainer to walk over and help in the classroom! We have seen a step-change in participant engagement with this new technology. The trainer's ability to see a selection of their participants' faces in real-time, and to react to their verbal and non-verbal cues creates a remarkably realistic classroom-like experience. For an example of the technical requirements of for our Virtual Classrooms click here.

Prerequisite 

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

Financial Statement Analysis

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

Valuation Issues
What to Bring

You need to use a Windows-based laptop for 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.

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