PROFESSIONAL FINANCIAL MODELLER TM

Transcription

1 TM Promoting Awareness for Financial Modelling Sustainability and Valuation Coherence among Multiple Asset Classes PREPARATION AND EXAMINATION Weekend Class Jakarta, 20,27 Feb and 5,12,19 Mar 2016

2 Program Profile 5 DAYS PROFESSIONAL FINANCIAL MODELLER WORKSHOP PROFESSIONAL FINANCIAL MODELLER The financial modelling sector has expanded in role and popularity in business and financial sector as it evolves to become the centerpiece in corporate financial analysis relied more and more by creditors, investors, government institutions and company management across the world. Hence, possessing the skill as well as the designation is proven to be an important basis for successful career. Professional Financial Modeller (PFM) preparation and examination is a highly interactive course designed to teach a practical understanding of effective financial modelling. The program covers many subject areas and and through real-life case studies, the emphasis will be on practical and pragmatic approaches. PFM programs is envisioned to become the benchmark in financial modelling and currently, the curriculum already employs models which are not delivered in other modelling classes where some concepts are proprietary to PFM Program. The aim is to improve prediction quality. PFM has adopted Sustainable Financial Modelling principles to ensure that a model developed has reasonable and adequate basis for the long run. After sitting on a 4 day preparation program, participants will sit on a whole day examination, in which participants will face two sets of exam: Multiple Choice and Computer Practice Exam. Those who pass both exams will be awarded the right to use PFM Professional Designation which is administered by International Financial Modelling Institute.

3 Who Should Join? Directors & Senior Managers Financial & Investment Analysts Risk & Treasury Professionals Middle Office Staff Commercial Credit Bankers Model Auditors Insolvency Professionals Project Finance Professionals Investment Banking & Transaction Advisors Financial Controllers & Managers Strategic & Financial Planners Accountants Private Equity Analyst Portfolio Managers Company Controllers Corporate Valuation Specialists Economists & Quants Business Development Managers Marketing Manager

4 B E N E F I T Increasingly advanced curriculum by employing methods which is aimed to increase prediction quality The program is intensive and packed in a five day program, suitable for busy professionals who want to learn complex models and get designation without the hassle of taking prolonged program Participants will learn how to create financial projection and valuation from Excel Certification program is proven to be better to grasp maximum retention due to the exam involved The ability to use the PFM designation on your business card and resume Facilitators of the program has practical knowledge and experience PFM delivers pure modelling knowledge. No presentation or promotion of any modelling software Has been attended by hundreds of financial modelling professionals PFM Program The program is structured as a five day program combining theory and practice by using spreadsheet. Day 1 Day 2 Day 3 Day 4 Day Preparing and Undertand Balance Forecasting Valuation: Discounted Ratio Analysis for Sheet for Modelling Assumption Cash Flow Model Modelling Coffee Break U nderstand Inco me Statement for Modelling Undertand Financial Model Format Lunch Break Cash Flow Model Case Study: Develop Financial Projection (1) Coffee Break Quantitave Model for Forecasting Case Study: Develop Financial Projection (2) Enterprise V alue models Dividend Discount, Resid ual Inco me, Relative V alue Models Cond ucting Ris k and Sensitivity A nalysis on Model Financial Model for Project (1) Fina ncial Model for Project (2) Case Study for Project Financial Model M ultiple Choice ( ) and Computer Practice Exam ( ) Preparatory class is conducted in Bahasa Indonesia. PFM Exam in Indonesia is delivered in bilingual setting: English and Indonesian language. The sessions are computer intensive, participants are required to bring laptop with MS Excel or Open Office installed. PFM program is available for public and in house classes. In house class can be tailored to meet specific need of your organization with minimum participation of 10 people. Contact us for detail.

5 Program Syllabus Day One: Understand Financial Report and Learning about Forecasting Techniques DAY Day Two: Preparing Assumptions and Preparing Financial Model Course Description Training begins by conducting review on accounts in profit & loss statement and balance sheet, continued by learning simple technique to prepare a balanced model by developing its cash flow statement. A case study will be furnished to enhance study. Participants will also learn about important quantitative forecasting techniques by using regression and time series for linear and non-linear forecast. Participants will also learn how to create Monte Carlo prediction by using Excel. Discussion on how to apply Monte Carlo simulation in preparing the assumptions will be prominent. Participants will study various financial projection assumptions which are commonly used in financial projections, both macroeconomic and firm specific projections, accompanied by a case study. Some specific topics are discussed such as modelling FX rate and inflation. Participant will also learn to derive interest rate from bond yields. Participant will also learn to prepare assumptions in order to derive sustainable modelling by studying about how to model continuous fixed asset investments, continuous long term loan balance and others. Then participants will learn to prepare a financial projection of a company by following the instruction line by line. There will be specific topics covered such as calculating COGS for trading and manufacturing based products, modelling FX Gain Loss, modelling project with capitalized interest (Interest During Construction) loan, preparing depreciation and amortization table, loan model, modelling Day Three: Understand How to Value a Company by Using Various Models and Conducting Analysis on the Model Participants learn to develop Required Rate of Return by using single interest rate and multiple interest rates. Also learn to calculate firm and equity value by using various discounted models, such as Discounted Cash Flow (DCF) model, Enterprise Value based DCF models, Dividend Discount Model and Residual Income Models. Participants will also learn to value company by using price multiples, on both M&A and capital market multiples. This session will be followed by case study. Participant will learn about sustainable modelling to understand various highly common flaws done by financial modeller which causes valuation to be inflated. There will be analysis by using common size and index analysis. There will also be discussion on sensitivity risk analysis techniques by using sensitivity ratios such as equity duration and also, inflation, commodity and loan interest spread change effect to change in valuation. There is discussion on determining the most influential (risky) assumptions. Methods to conduct scenario analysis will also be discussed. Another case study will be given to enable participants grasp the materials effectively.

6 Day Four: Conducting Ratio Analysis Understand How to Prepare Financial Projection on Certain Projects Participant learn to use various financial ratio analysis including leverage level to determine the health level of a company and whether the company is resilient to face challenges in the future. There will be discussion on Delta Ratios, which will be used to determine whether the company (or at least the model) is sustainable in the long run. Participant will learn about financial model on a specific project, the important aspects that a participant will need to know when preparing the model. Participants will also learn how to differ between financial projection for a corporate and for a specific project. Also feasibility analysis of a project by using methods such as NPV, IRR, Discounted Payback, Profitability Index. A case study will accompany the study. There will be special discussion on NPV Profile, Multi IRR Projects, aggressive technique called NPV Resurfacing, NPV sensitivity risk analysis by using Distance to Zero NPV measurement, The discussion will be followed by a case study. Day Five: PFM Examination Participants will face two session examination: multiple choice examination in two and half hour followed by computer practice examination where participants will need to prepare a corporate financial projection in Excel which must be completed in five hours. PFM Program is administered by International Financial Modelling Institute. PT. Rajawali Konsulindo is a training and consulting firm and has been awarded by IFMI to conduct PFM Preparation Program in Indonesia. PFM INHOUSE PROGRAM is available with minimum 10 persons. Contact us for details.

7 Date Location Weekend Class : 20,27 February 2016 and 5, 12, 19 March 2016 : Hotel Harris Tebet Jakarta Investment : Rp PAYMENT Transfer payments via Bank Central Asia, No. Rek. : An. : PT. Rajawali Konsulindo Including : Hand out Venue, lunch and coffee break Examination Fee Attendance Certificate Accomodation & Transportation Excluded Payment proof to be transfer to : to: [email protected] For Information : Phone : , , , to: [email protected], [email protected] or [email protected]

8 Program Facilitators : Ricky Ichsan, CFA, FRM, PFM. CFP, ERMCP, CFOS, CRMP More than 15 years in insurance, treasury fixed income and derivatives, corporate finance and risk management sector. Advising the acquisition process, restructuring and valuation of large companies in Indonesia. Sapto Rahardjo, MM, PFM, Csi, CFP, CIR Experience working in the banking and investment of more than 14 (fourteen) years. Consultant for finance and investment, project finance and financial modeling in several private and state-owned companies. Goldstone served as Managing Director Financial Advisory and Consulting Energo Ruben Kurniawan, CFA, FRM, CAIA, PFM Corporate Finance Professional with experience in handling various projects. Possessing MURI Record for passing CFA, FRM and CAIA the fastest in Indonesia.