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Event Detail

Integrated Financial Modeling - Core Model with Wall Street Training (Ended)

Date, Time, and Location:
Thursday, December 04, 2014 (add this event to your Outlook Calendar)
9:00 am
The Standard Club, 320 S. Plymouth Court, Chicago, IL  60604   (Driving Directions)

Build a fully integrated financial statement projection model with income statement projections, a self-balancing balance sheet, an automated cash flow statement, and the balancing cash flow sweep/debt schedule. While knowledge of advanced accounting concepts is not required for this course, you should possess knowledge of basic accounting ratios and a basic understanding of how the major financial statements are inter-related. Emphasis is placed on the integration of the major financial statements and becoming experts in Excel. Incorporate different methodologies to forecasting the different types of assets on the balance sheet and compare and contrast with projecting liabilities. Learn how to balance a model utilizing the debt sweep and the revolver and not using any "plugs". Appreciate the danger of and properly control for circular references. Avoid messy nested "if" statements!! You will leave the classroom with a fully constructed model that can be customized and applied to other companies. The final model is a fully scalable model that can be added upon.

Date, Time, and Location:
Thurs., Dec. 4, 2014
9:00 am - 5:00 pm
The Standard Club, 320 S. Plymouth Court, Chicago IL

What You Will Learn:

  • Build an integrated set of financials, including IS, BS & CF statements
  • Learn how to balance a model utilizing change in debt and avoid "plugs"
  • Become super-efficient in Excel through intensive use of keyboard shortcuts
  • Intensive focus on correct financial modeling approaches & best practices

5-Year Financial Statement Projection Model:

  • How do you project a company's Income Statement from revenues and expenses down to Net Income?
  • What are the different methodologies to forecasting the different types of assets on the balance sheet and how do they compare and contrast with projecting liabilities?
  • How do you project the shareholders' equity account?
  • What is the importance of financial ratios in building the balance sheet projections?
  • How do you approach building an integrated cash flow statement?
  • How do you build each component of the cash flow statement and why is cash the last item to project?

Integration and Balancing of Financial Model:

  • Balance the model using the debt schedule and debt sweep logic - the most important analysis in terms of balancing the model!!
  • How does the cash actually flow through the model?
  • Incorporate automatic debt payments and use cash generated to either pay down debt or build cash
  • How does the revolver facility actually balance the model?
  • Avoid messy nested "if" statements!!
  • How does the BS and financial statements balance without the use of "plugs"?
  • How are the financial statements integrated using the Interest schedule?
  • What are circular references, why should they be avoided and how to get around circular references

Prerequisites:

  • Accounting & Financial Statements Integration
  • Company Overview
  • Basic Financial Modeling
  • Efficiency in Excel

Fee*:
Members - $495
Non-Members - $595
Student-Members - $125 (Limited seats available)

CFA Institute Qualified Activity: Eligible for 7 credit hours
Attire: Business Casual
Menu: Chef's Choice (vegetarian meal available upon request)
Registration: Register online below
Hosted by: Education Advisory Group

Agenda:
8:30 am - 9:00 am: Registration
9:00 am - 5:00 pm: Seminar

Note:
To maximize the educational value of this program, we strongly recommend that you have an intermediate understanding of Excel. Lack of basic Excel skills will impede your ability to effectively acquire and implement the techniques and shortcuts that are presented in this program. Bring your PC laptop with a working USB slot and Microsoft Excel installed. Macs may not be as effective. Laptops will not be provided.

Instructor: Hamilton Lin, CFA
President and Founder - Wall Street Training

Hamilton Lin, CFA, President and Founder of Wall St. Training, has a broad background in investment banking and mergers and acquisitions. His responsibilities have included analyzing, structuring and negotiating mergers & acquisitions. Lin custom-builds and develops all of the financial and merger models that he uses which have become corporate and departmental standards. Lin has closed over two dozen transactions and has diverse industry experience ranging from oil & gas to insurance to asset management and related sectors.

About Wall St. Training:
Wall St. Training provides professional financial training solutions to Wall Street through hands-on classroom training and customized corporate training programs for financial analysis which take a hands-on, interactive, practical, non-theoretical approach. Wall Street Training's clients include Bank of America/Merrill Lynch, Credit Suisse, Citigroup, Deutsche Bank, Fidelity, GE, Goldman Sachs, JPMorgan, Morgan Stanley, TPG, and many others. For more information: www.wallst-training.com and www.wstselfstudy.com.

*Special Notes Regarding Fees:
Student rate only available to students approved as a Student-Member of CFA Chicago for 2013-2014. Credit card is required to guarantee ALL reservations, no function tickets accepted. Day-of-event registrations accepted on-site only if applicable and space available. There is a $10 surcharge for walk-ins. Visa, MasterCard, American Express, Discover and Diners Club are accepted. Cancellations accepted until 5:00pm, Nov. 26.

Passport Program
Members of any CFA society may attend at the CFA Chicago member rate. If you are only a member of CFA Institute, you do not qualify for the society member rate.

CFA Institute CE Qualified Activity
This program qualifies for credit under the guidelines for the CFA Institute Professional Development Program.

Content shared during CFA Society Chicago programs is not, and nothing in it should be construed as, an offer, invitation or recommendation of any specific financial services company or professional, or an offer, invitation or recommendation to sell, or a solicitation of an offer to buy, any securities in any jurisdiction. By registering for and attending this event, you acknowledge that any photographs that may be taken are the property of CFA Society Chicago and give your consent to their use in CFA Society Chicago's online and print business communications and marketing.