Financial Analysis Prodegree

Program Schedule

Weekend Batch - Saturday and Sunday (5-hour session)

Level 1 - 68 Hours

On Registration

Instructor-led training Videos to watch before

(Either in classroom or the next session (Will be
online live classes) released one week prior)

IFAP landscape (2 Hours)

4 Financial analysis landscape
4 Top line vs. bottom line
4 Vehicles of growth
4 Strategic rationale for M&A
4 Valuation in M&A: How much will you pay?
4 What is M&A?
4 Types of M&A
4 Indian M&A market
4 Private equity in India
4 What does a private equity analyst do?
4 Why allocate assets to private equity?
4 Investment parameters of private equity
investors
4 Peculiarities of private equity investors
4 Benefits of private equity
4 The issue with private equity

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 Financial Analysis Prodegree

Program Schedule

Instructor-led training Videos to watch

Day 1

Financial analysis landscape (5 Hours) Principles of accounting (2 Hours)

4 Financial analysis landscape
4 Basics of corporate finance
4 Introduction to M&A
4 Introduction to private equity
4 Introduction to equity research
4 Current Indian scenario: Investment
banking, equity research, credit research
4 The accounting process
4 Who uses accounts?
4 Accounting and bookkeeping
4 Financial terminologies
4 Accounting concepts
4 Qualities of accounting information
4 Questions asked by internal and external
users and conflict of interest
4 Managerial vs. financial accounting
Accounting vs. bookkeeping
4 The use of GAAP
4 Building blocks of accounting

Day 2

Principles of accounting (5 Hours) Specific financial items and financial

4 The accounting process
4 Who uses accounts?
4 Accounting & bookkeeping
4 Financial terminologies
4 Accounting concepts
4 Basic accounting equation
4 Accounting principles and conventions
4 Hindalco: Walk‐through of financial
statements
statement preparation (1 Hour)
4 Financial statements - Balance sheet,
profit and loss and cash flow
4 Understanding revenues and expenses
4 Transaction analysis
4 The recording process

Day 3

Specific financial items and financial Ratio analysis (5 Hours)

statement preparation (5 Hours) 4 DuPont analysis
4 Financial Statements - Balance sheet, 4 Definitions of ratios
profit and loss and cash flow 4 Liquidity ratios
4 Understanding revenues and expenses 4 Asset management ratios
4 The accounting cycle 4 Debt management ratios
4 Understanding consolidated accounts 4 Profitability ratios

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 Financial Analysis Prodegree

Program Schedule

Instructor-led training Videos to watch

4 Tangible assets 4 When to use which ratios

4 Goodwill 4 Case studies in ratio analysis
4 Depreciation
4 Investments
4 Deferred tax statements

Day 4

Ratio analysis (5 Hours) Excel basics (3 Hours)

4 DuPont analysis
4 Definitions of ratios
4 Liquidity ratios
4 Asset management ratios
4 Debt management ratios
4 Profitability ratios
4 When to use which ratios
4 Case studies in ratio analysis
4 Spreadsheet vocabulary review
4 Explore the user interface
4 Work with the ribbon
4 Work with contextual tabs
4 Customize the excel interface
4 Creating spreadsheets
4 Cell formatting
4 Logical functions (If, Nested If,
And, Or, Not, IfError)
4 Date and time functions (Today, Now,
Year, EDate, EOMonth, Day & DatedIf)
4 Text functions (Text, Left, Right, Mid &
Concatenate)
4 Statistical functions (Count, CountA,
CountBlank, CountIf & SumIf)

Day 5

Excel basics (2 Hours) Advanced Excel (3 Hours)

4 Spreadsheet vocabulary review 4 Custom list
4 Explore the user interface 4 Goal seek
4 Work with the ribbon 4 Macros
4 Work with contextual tabs 4 Pivot tables
4 Customize the excel interface 4 Scenarios
4 Creating spreadsheets 4 Consolidation
4 Cell formatting 4 Data cleaning
4 Logical functions 4 Data manipulation
4 Date and time
4 Statistical functions
4 Frequently used shortcuts

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 Financial Analysis Prodegree

Program Schedule

Instructor-led training Videos to watch

Day 5

Advanced excel (3 Hours)

4 Data validation
4 Templates
4 Custom list
4 Goal seek
4 Scenarios
4 Consolidation
4 Data cleaning
4 Data manipulation
4 Pivot tables
4 Macros

Day 6

Ratio analysis and consolidation (2 Hours) Forecasting and financial modeling

4 Consolidation of financial statements
4 Case study on consolidation
4 Simple consolidation
4 Preparing consolidated statements
(3 Hours)
4 Basics of financial modeling
4 Comparison between financial model
4 Normal MS Excel calculations
4 Components of financial modeling
4 Financial modeling requirements
4 Types of data
4 Types of variables
4 Growth rates and proportions
4 BEDMAS principle

Forecasting and financial modeling Forecasting and financial modeling

(3 Hours)
4 Objectives of forecasting
4 Understanding business models
4 Basics of financial modeling
4 How to create a basic IB financial model
(3 Hours)
4 Modeling income and expenses
4 Modeling non-operating expenses
4 Overview of FX, risk and hedging
4 Associates
4 Overview of extraordinary expense
4 Below the line adjustments
4 Modeling EPS and DPS
4 Overview of EPS

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 Financial Analysis Prodegree

Program Schedule

Instructor-led training Videos to watch

4 Basic vs. diluted EPS

4 Identifying dilutive EPS and modeling
4 Dividend decisions and modeling
4 Modeling working capital
4 Overview of working capital
4 Working capital ratios
4 Forecasting working capital

Day 7

Forecasting and financial modeling

(5 Hours)
4 Real life case study
4 Build an integrated financial model for
Colgate Palmolive Limited - A publicly
listed company
4 Convert the single step historical income
statement captured in the Excel file into a
multi-step income statement
4 Set up a separate assumption and
analysis sheet and capture the necessary
ratios
4 Assume growth rates and proportions for
forecast years taking cue from historical
ratios
4 Create model income statement,
balance sheet and cash flow
4 Ensure that the assets and liabilities
match

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 Financial Analysis Prodegree

Program Schedule

Instructor-led training Videos to watch

Day 8

Evaluation - 1 (5 Hours)
4 Semester 1 evaluation on accounts and
financial landscape - Objective and
subjective test paper

Day 9

Guest lecture and open house (4 Hours) Corporate strategy (2 Hours)

4 Guest lecture by EY leadership 4 The BCG growth-share matrix
4 Open house with faculty for doubt 4 Mahindra & Mahindra case study
clearing 4 Product life cycle
4 Findings, strategies and suggestions

44 Hours - Instructor-led training 24 Hours - Videos to watch

End of Level 1

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 Financial Analysis Prodegree

Program Schedule

Level 2 - 65 Hours

Instructor-led training Videos to watch

Day 10

Corporate strategy (5 Hours) Session 1 Valuation basics (3 Hours)

4 Porter’s five forces 4 Basic approaches to valuation
4 Structural determinants 4 Key valuation terms
4 SWOT analysis 4 Approaches to valuation
4 PEST analysis 4 Relative valuation
4 The product life cycle and the Boston 4 DCF and Other intrinsic valuation
Matrix 4 Trading comps and peer valuation
4 Identifying key success factors and core
competencies
4 Case study: Smartphone application
4 Class exercise: What strategy has Flipkart
adopted?

Day 11

Valuation basics (2 Hours) Session 2 Valuation basics (3 Hours)

4 Introduction to valuation 4 Transaction comps
4 Different approaches to valuation 4 Steps in valuation using trading
4 Arriving at cashflows and growth rates comparables
for valuation 4 Understanding the time value of money
4 Sensitivity analysis
4 What return should a firm expect?
4 Growth models

Valuation advanced (3 Hours)

4 Calculating terminal value
4 Treatment of specific financial items
4 Choosing tax rates

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 Financial Analysis Prodegree

Program Schedule

Instructor-led training Videos to watch

Day 12

Cost of capital (5 Hours) Equity valuation methods (3 Hours)

4 Cost of new and existing debt 4 Equity valuation models: Strengths,
4 Cost of equity – CAPM model caveats and applications
4 The risk-free rate in practice 4 Dividend discount models
4 The market risk premium: Historical 4 FCFE models
premium approach
4 Types of risk and estimating beta
4 Cost of equity – Companies with country
risk exposure
4 Correlating the cost of capital to valuation
4 Calculation of WACC
4 Levered and unlevered beta

Day 13

Equity valuation methods (2 Hours) Firm valuation models (2 Hours)

4 DDM (Single-stage, two-stage, three- 4 Which cash flow should I discount?
stage, “H” growth model) 4 Which growth pattern should I use?
4 FCFE (Single-stage, two-stage, three 4 What discount rate should I use?
stage) 4 Case studies of companies valued: ABN
4 FCFE valuation vs. DDM Amro, Nestle, DaimlerChrysler and
Amazon.com

Firm valuation models (3 Hours) Business communication (3 Hours)

4 FCFF valuation (Single-stage, two-stage, 4 Business communication
three stage) 4 Body language primer
4 APV valuation
4 Sector specific multiples
4 Relative valuation for a listed and
unlisted company
4 Comparison with intrinsic (Cash flow
based) valuation

www.imarticus.org
 Financial Analysis Prodegree

Program Schedule

Instructor-led training Videos to watch

Day 14

Business communication (2 Hours)

4 Business communication
4 Email, chat and telephone etiquette
4 Listening and questioning skills
4 Interpersonal skills

Resume writing (3 Hours) Aptitude (5 Hours)

4 The why, the what and the how of 4 Verbal aptitude:
resumes Synonyms, antonyms, error spotting,
4 Personal branding sentence arrangement, fill in the blanks,
4 Tips and resources replacing the phrase,
4 Interview skills comprehension, etc.
4 Using social media 4 Logical reasoning:
4 CV discussion Assumptions, course of action, seating
arrangement, encoding & decoding,
analogy and blood relation questions.

Day 15

Aptitude (5 Hours)
4 Quantitative aptitude training
4 Trains, time and work
4 Profit and loss
4 Ages
4 Permutation and combination
4 Chain rule
4 Alligations
4 Time and distance
4 Simple interest
4 Partnership
4 Surds and indices
4 Pipes and cisterns
4 Logarithms and probability
4 Percentages and ratio and proportion

www.imarticus.org
 Financial Analysis Prodegree

Program Schedule

Instructor-led training Videos to watch

Day 16

Technical skills - PowerPoint (5 Hours)

4 Working with shapes
4 Keeping the audience/reader on track
4 Working with pictures
4 Avoiding “Death by Bullet” mini-series
4 Working with tables, charts - Choosing the
most appropriate chart and constructing it
4 Making the chart more communicative
4 Animation
4 Other best practices
4 Case studies and before vs. after examples

Day 17

Evaluation - 2 (5 Hours)
4 Semester 2 Evaluation on valuation

Day 18

Guest lecture and open house (4 Hours) Transaction execution (2 Hours)

4 Guest lecture by EY leadership - topic: 4 Typical private equity fund raise process
challenges/caveats in valuation 4 The Science – Technical closure details

Open house with faculty for doubt clearing

44 Hours - Instructor-led training 21 Hours - Videos to watch

End of Level 2

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 Financial Analysis Prodegree

Program Schedule

Level 3 - 47 Hours

Instructor-led training Videos to watch

Day 19

Transaction execution (4 Hours) Introduction to equity research (5 Hours)

4 M&A transaction process
4 How to make a pitch presentation
4 LBO and financing basics
4 Basics of documentation
4 Due diligence: What should you look out
for?
4 Planning post-acquisition integration
4 Overview of equity
4 Research business
4 Job of an equity research analyst
4 Types of research reports
4 Approach to analyze a business
4 Ecosystem of asset management
4 Buy side, sell side jobs - Incentives, work
profiles and requirements
4 Business model snapshot

Day 20

Introduction to equity research

(5 Hours)
4 Unravelling colgate
4 Primer on equity research
4 Techniques of relative valuation
4 Walkthrough a maintenance research
report
4 Tips on effective research writing

Day 21

One-on-One presentations (2 Hours)

4 One-on-one presentation of individual
assignment

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 Financial Analysis Prodegree

Program Schedule

Instructor-led training Videos to watch

Day 22

Guest lecture by EY + Business writing and

storyboarding (5 Hours)
4 Preparation
4 Establishing the purpose of collateral with
regard to the audience
4 Identifying the specific needs of the
audience
4 What is the scope of coverage?
4 Selecting and understanding the medium
of communication
4 Brief introduction to various mediums of
brochure, newsletters and email and their
uses
4 Persuasion and promotion writing
4 Research
4 Note taking
4 Brainstorming and the art of mind
mapping
4 In class mind mapping exercise

Day 23

Final project presentation (5 Hours)

4 Final project submission in front of your
peers while industry experts evaluate your
project work with constructive criticism

Day 24

Financial model presentation (5 Hours) Interview preparation - HR (3 Hours)

4 Business etiquette
4 Interview preparation
4 Stage 1 - Preparation
4 Stage 2 - First impressions count
4 Stage 3 - The interview
4 Stage 4 - The final stage
4 How to ace the 50 most common
interview questions

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 Financial Analysis Prodegree

Program Schedule

Instructor-led training Videos to watch

Day 25

Interview preparation - HR (2 Hours)

4 Types of interviews
4 What to do before an interview
4 What to do after an interview
4 Follow-up etiquette
4 Body language - Dos and dont’s

Interview preparation - Domain (3 Hours)

4 Experts guide you on how to prepare for
the technical interview round with tips,
and a quick refresher on concepts learnt

Day 26

Mock interviews - HR and Domain with

internal faculty (4 Hours)
4 One-to-One or panel mock Interviews with
faculty to clear the HR and technical round
of Interviews to give you confidence
to face real world scenarios

Day 27

Mock Interviews - HR and domain facing

external industry experts (4 Hours)
4 1:1 or Panel mock interviews with industry
veterans to clear the HR and technical
round of interviews to give you
confidence to face real world scenarios

39 Hours - Instructor-led training 8 Hours - Videos to watch

End of Level 3

Total 127 Hours - Instructor-led training Total 53 Hours - Videos to watch

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