Post on 11-Apr-2018
The Banking and Corporate Finance Training Specialist
Business Case Modelling 2 Day Course
This course is presented in London on:
30-31 October, 17-18 May 2018, 29-30 November 2018
http://redcliffetraining.com enquiries@redcliffetraining.co.uk
+44 (0)20 7387 4484
Course Overview
The trainer has over 30 years’ experience in a wide range of roles in finance. He has delivered training courses on behalf of a number of international training companies since 2005.
For the past 18 years, he has worked as a specialist financial modeller, trainer and analyst
for a range of blue-chip clients, building financial models for major projects, structured financing, restructuring, outsourcing and PPP transactions in numerous sectors. He has
built, developed and used models to support commercial negotiations, analyse risk, test scenarios and forecast results.
The trainer has trained others in his specialism of financial modelling, running both in-house tailored courses for clients and public courses with major training companies all
around the world.
Modelling Style Introduction
Modelling style Systematic Design Method
Case study outline Required inputs and outcomes Risk factors
Model planning Review - Examples of poor modelling style
Best Practice Modelling
Best financial modelling practice
Importance of flexibility in the model Logic flow within the model Separation of inputs, calculations and outputs
Use of flags to control timing factors Use of switches to allow option selection
Keeping control of versions Use of corkscrews Making the model robust
Common mistakes Demonstrations of all of the above
Revenue and Costs
Operational revenue Volume drivers
Flags to control timings of changes Consistent coding techniques to enable flexibility Fixed and variable cost
Real and nominal considerations Dealing with inflation
Exercise – build a simple cash flow model with revenues, fixed and variable costs, flags and switches
Course Content
Background of the trainer
http://redcliffetraining.com enquiries@redcliffetraining.co.uk
+44 (0)20 7387 4484
Financial Structure Capital structure Debt and equity funding
Weighted average cost of capital (WACC) Fixed asset schedule
Depreciation calculations Debt amortisation calculations
Dealing with circular references Exercise – add a capital structure to the previous model, with debt and equity injections, interest costs, debt amortisation and constrained dividend payments
Adding Income Statement & Balance Sheet
Cash flow schedule Adding a basic income statement (profit and loss account) Basic balance sheet
Integrity checks Exercise – add a simple income statement and balance sheet to the previous
model Returns
Accounting returns Adding a terminal value
Project ratios – DSCR, LLCR Discounted cash flow measures: NPV, IRR, XNPV, XIRR Comparing projects to assess most attractive choice
Exercise – add accounting returns, project ratios and discounted cash flow measures to the previous model
Sensitivity Analysis Purpose of sensitivity analysis
Sensitivity analysis: o Goal seek
o Watch window o Data tables o Scenario manager
Exercise – add sensitivity analyses to the previous model
Executive Summary and Audit Model checks & robustness
Basic audit techniques Executive summary
Charts Shortcomings of Excel models Exercise – add an executive summary and charts to the previous model
Workshop Summary Workshop summary Key points
Future planning Workshop actions
http://redcliffetraining.com enquiries@redcliffetraining.co.uk
+44 (0)20 7387 4484
Business Case Modelling will allow users to improve the reliability, quality and construction of their Excel models. Financial modelling demands a logical consistent approach and this workshop builds a business case model through a series of practical stages.
Upon completion, attendees will have a comprehensive understanding of advanced
modelling, as well as how each technique can practically be applied through the use of Excel.
Course Objectives:
On completion of this highly practical, hands-on training course, attendees will: Be able to build a financial model from a blank sheet Be able to design models which minimise errors
Be able to write models which can be maintained and augmented in the future Be able to develop models with advanced techniques such as sensitivity analyses
Workshop Structure:
The workshop starts with a discussion of modelling techniques and methods. Each session reviews the next stage of the model in terms of the financial theory, modelling techniques
and potential difficulties and delegates build the model in stages. This is an intensive workshop and delegates will be spending the majority of the time on
practical model building tasks. With the help of the Course Director and through a proven step-by-step approach, delegates will leave this intensive two-day workshop with the
confidence and ability to apply advanced modelling techniques in Excel effectively. Workshop Methodology:
This programme will be delivered through a practical and interactive case study and worked examples, demonstrating how and why each technique is used. Emphasis is placed on the
delegates gaining practical, hands-on experience of the design and construction of financial models in Excel. Attendees will also benefit from formal lectures, demonstrations and group discussions. Comprehensive product notes and example models will be provided for future
reference.
Pre-requisite: Attendees need basic Excel skills to be able to participate fully in the modelling workshops. For example:
Opening and closing Excel files Excel screen menu and standard ribbon menus
Moving around a worksheet and between different worksheets in a file Creating files
Deleting files and individual sheets Changing column width and row height Entering simple formulas
Chart wizard Entering labels
Cell references Centering titles and merging cells Simple cell and number formatting
Changing font sizes and colours Copying, cutting and pasting cell contents
Course Summary
http://redcliffetraining.com enquiries@redcliffetraining.co.uk
+44 (0)20 7387 4484
Delivering this course in-house for you to a number of participants could be very cost effective.
Previewing worksheets
Printing documents and ranges
Basic Excel functions and the ability to insert functions: Basic Excel formulas – SUM, SUMIF, MAX, MIN Basic financial functions - NPV, IRR, PMT
Logic functions - IF, AND, OR
09:30-17:00
London
Standard Price: £1300 +VAT Membership Price: £1040 + VAT