Financial and Valuation Modeling Boot Camp
This intensive 2-day weekend seminar is led by former investment bankers with applied expertise in financial and valuation modeling methodologies. It bridges the gap between academics and the real world to equip students with the hands-on practical financial skills that they will need to excel during the recruiting process and on the job.
Hosted by Alberta School of Business.
Enrollment & Agenda
This boot camp will be held at University of Alberta , classroom TBD. Full location details will be confirmed and emailed to you prior to the course.
Financial Statement Modeling
You will develop a 3-statement model completely from scratch, inputting historical data and assumptions to project out financial statements by selecting, locating, and developing appropriate projection drivers.
Participants learn how to value the company step-by-step, including 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 how to use data tables to analyze a broad range of scenarios given different assumptions.
Pre-Seminar Excel online training
This boot camp assumes proficiency in Excel. Enrollment includes access to our popular Excel Crash Course for those who need an Excel refresher.
Online continuing education coursesEnrollment includes lifetime access to the following online course(s): Financial Statement ModelingDCF Modeling.
Boot Camp Overview
This boot camp is an intensive instructor-led training program where students learn financial and valuation modeling in Excel using an intuitive, step-by-step approach. Participants will use real case studies to build financial models from scratch the way it is done at financial institutions. The program is a synthesis of Excel modeling, navigating through various financial reports, and the application of accounting, corporate finance, and valuation courses.
Comprehensive training materials (manuals and online exercises), detailed reusable modifiable Excel model templates, unlimited e-mail support for content-related questions for 12 months post-seminar.
Our instructors are all practitioners with years of directly relevant real- world experience and have a passion for teaching. They understand the importance of teaching in a way that empowers students to apply the lessons from the classroom directly on the job.
What to Bring
Laptop, Notepad, and Calculator.
This seminar presumes knowledge of financial accounting (at least 1 semester or equivalent). Participants without this background must enroll in and complete the Accounting Crash Course prior to attending the seminar.
Participants may cancel up to 3 weeks prior to the event for a full refund. A 20% cancellation fee will apply up to 1 week prior to the event. No refunds will be granted for cancellations made within 1 week of the event. Wall Street Prep reserves the right to cancel the seminar if enrollment is insufficient. Trainees will be refunded in full in the event of a cancellation.
Full Boot Camp Agenda
Review key Excel skills for financial modeling
- Basic Excel techniques and keyboard shortcuts
- The most accurate way to perform Excel’s basic functions without the mouse
- Customize Excel’s default settings for effective modeling
Learn to format and structure financial models to limit errors and simplify auditing
- Standard modeling structures and formulas
- Best practices in modeling
- Learn the correct way to check models for errors, accuracy and integrity
- Check and fix circular reference and iteration problems (#REF)
- Tools for formula checking and auditing
Learn how to present financial statement model
- Create a ratios page
- Prepare a model for distribution
- Learn summary and sensitivity analysis using data tables
Financial statement model development
- Learn to build projection drivers
- Learn to integrate assumptions into financial models – learn what makes a good assumption
- Build core statements:
- Cash flow statement
- Balance sheet
- Income statement
- Build supporting schedules:
- Debt schedule
- Working capital
- Interest schedule
- Retained earnings
- PP&E analysis
- Understand the interconnectivity of the core financial statements and learn how the cash flow statement, income statement, and balance sheet are linked.
- Learn to apply automatic “balance checks”
- Understand treatment of non-recurring charges and tax implications on financial models
- Understand implications of new FASB regulations on financial models used by investment banks and other financial institutions.
Valuation methodologies deconstructed
- Learn market-based valuation, including comparable company analysis and comparable transaction analysis using appropriate equity and enterprise value multiples (PE, EV/EBITDA, etc.)
- Intrinsic valuation, including DCF and LBO (floor) valuation
- Presentation of valuation results using sensitivity analysis and data tables
Enterprise value relationships
- Participants learn to identify and analyze the elements of the financial statement that are key to the value of an enterprise, including:
- Market capitalization
- Enterprise value
- Preferred stock
- Minority interests
- Cash and marketable securities
- Treasury Stock Method of Calculating Diluted Shares Outstanding
Calculate free cash flows using the unlevered valuation approach
- Use previously built model to derive unlevered earnings and unlevered free cash flow
- Handle working capital items, deferred taxes and long-term accruals
Discount the cash flows
- Learn how to derive a discount rate by deriving the cost of debt and the cost of equity
- Derive the cost of capital using CAPM
- Select the correct discount rates
Calculate the value
- Estimating terminal value
- Calculating enterprise value
- Using the enterprise value to determine implied share prices
- Analyze key input assumptions at various sensitivities
Questions? We're standing by.
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The Wall Street Prep Quicklesson Series
7 Free Financial Modeling Lessons
Get instant access to video lessons taught by experienced investment bankers. Learn financial statement modeling, DCF, M&A, LBO, Comps and Excel shortcuts.