EY Certificate in

Financial
Modelling and
Valuation
Classroom training
Delhi | Mumbai | Bengaluru | Live Online

EY Certificate in Financial Modelling and Valuation | 1

 demonstrate alternate ways to compute various financial
parameters. The program also introduces the basics
of business valuation, various valuation methods and
interpretation of the results of valuation.

The learnings from these demonstrations and examples willbe

Why financial modelling further augmented by a holistic case study, which willcover
all the modules taught. On completion of the program, the

and valuation? candidates should be able to develop well-structured, robust

and dynamic financial models to perform independentbusiness
valuation.
Finance professionals usually have to work with large volumes
of numerical data. However, the key to successfully handle such
data is the ability to organize and structure it meaningfully
to render it useful to them useful to senior management
for decision making. This entails the creation of robust and
dynamic financial models facilitating accurate and efficient
analysis of historical data and appropriate projection of
financial performance.

Once this has been done, the next step in the analysis of
financial data usually results in a valuation exercise. The
Who should attend?
significance of valuation is appropriately quoted by Warren People with basic to intermediate skill of working with Excel and
Buffet in his statement — “If business schools could offer just at the following levels are suitable candidates:
one course, it would not be on stock trading, the efficient
• Finance professionals working in investment banking and
market hypothesis or modern portfolio theory. Rather,
equity research
B-schools should be encouraging students to learn theboring,
but critically important, discipline of businessvaluation.” • Finance managers
Valuation is required in various scenarios, some of which are • Corporate finance, private equity and M&A professionals
listed below:
• CA, FRM, MBA finance and CFA programcandidates
• Selling the business
• Self-employed finance professionals
• Settling corporate restructuring
• Graduates
• Resolving shareholders’ disputes
• Planning and decision making
• Determining tax obligations
• Funding from external sources
We have experienced that a robust and well-structuredfinancial
model is critical to achieving correct valuation analyses, which
in turn, fuel well-informed fuels well-informed and appropriate
strategic organizational decisions.

The importance of sound financial modelling skills, deep

understanding of valuation methods and assessment of
outputs of valuations for finance professionals should never be
underestimated!

About the program:

The candidates will learn to create efficient, robust and flexible
financial models to report and analyze historical data, prepare
future projections and present integrated financial statements,
key financial ratios and outputs in a logical, summarized and
effective manner. The candidates will understand and apply
these skills with the help of examples specially devised to

2 | EY Certificate in Financial Modelling and Valuation

Program content Deliverables
Programs in financial modelling and valuation are among the • 40 hours of face-to-face sessions
most sought after in the financial universe. This program is
• 8 hours of pre-recorded videos for Excel Boot Camp via
designed to cover all the major aspects of financial modelling,
EY LMS
such as:
• Best practices • EY material

• Structuring and designing models • Access to EY‘s e-learning course on financial modelling with
• Sector-specific working of revenue and expense session videos on all the topics covered in the classroom

• Understanding various possible ways to compute different • Practice material

line items forming part of financial statements
• Intermediate quizzes to assess participants’ progress
• Tax calculation
• Case-study approach
• Integrating financial statements to present a cohesiveoutput
• Building macros
• Various approaches to valuation and how to applythem
• Presentation of output in an appealing as well as meaningful
manner

Certificate
On successful completion of the program, participants will
receive a completion certificate based on an assessment.

Delivery team
The program would be delivered by a team of senior
professionals from member firms of EY global andindustry,
who have extensive experience in financial modelling and
valuation for various industries.
Cancellation and refund
policy
A full refund less an administration fee of INR 5000 will be
given for cancellation requests received up to 5 working days
before the training. Cancellations must be made via emails
only, before 5working days deadline. Delegates who cancel less
than 5 working days before the training, or who don’t attend,

Prerequisite are liable to pay the full course fee, and no refunds can be
given. However, if you wish to attend a subsequent scheduling
of the course, and you have paid your course fee in full, the
Before coming in for the face-to-face session, participants
same could be done subject to availability of the seats in the
will have to go through an 8-hour e-learning course Excel
subsequent batches. Replacement participants are always
Boot Camp. The access of the videos would be provided upon
welcome.
payment of the registrationfees.

EY Certificate in Financial Modelling and Valuation | 3

EY Learning Management System
On successful completion of the program, participants will receive a completion certificate based on an assessment.

Presentations Assessments

Query management Accessible through

Course videos through “Ask EY” mobile and tablets

Program fees Program schedule and contact persons

INR35,000 Location Mode and dates Contact person

+ applicable taxesper Delhi Face-to-Face sessions Ashima Talwar
participant. Dates : 16,17,18, 24 &25 Mobile: +91 99715 52561
November 2018 Email: [email protected]
Mumbai Face-to-Face sessions Asif Chowgule
Dates : 7,8,9,15 &16 Mobile: +91 99200 40333
December 2018 Email: [email protected]

Bengaluru Face-to-Face sessions Ashima Talwar

Dates : 16,17,18, 24 &25 Mobile: +91 99715 52561
November 2018 Email: [email protected]

Live Online Live Sessions Yashika Aggarwal

Dates : 13, 14, 27, 28 Mobile: +91 99990 34363
October, 3, Email:[email protected]
4, 17, 18 November2018
Training programs are subject to a minimum number of participants. If a
training program does not meet this criteria, then EY FAAS Learning Solution
is entitled to cancel it at its discretion, without liability. In such instances, the
EY FAAS Learning Solution team can offer the participants alternative options
or a refund as applicable.

4 | EY Certificate in Financial Modelling and Valuation

Agenda: Face-to-face sessions

A Overview of financial modelling 17 Setting up priority of payments and arriving at the

and best practices repayment profile for debt when there are multiple
debts in the project (senior debt, sub-debtetc.)
1 Difference between financial models and spreadsheets 18 Understanding sculpted repayments
2 Financial model structure — Flow of the model,deciding 19 Modelling to check for debt covenants
on the order in which sheets should be prepared and
20 Understanding the debt service reserve account (DSRA)
presented
and setting it up
21 Construction cost, timeline and delays in infrastructure
B Warm up projects
22 Equity schedule — Share repurchase and options
3 Creating a template for the financial model
4 Setting up scenario manager
F Working capital
5 Setting timelines, flags and counters
23 Modelling of working capital
C Building financial statements 24 Quiz 2

6 Developing P&L, balance sheet and cash flows —Line

items and drivers
G Tax
7 Understanding contra accounts 25 Tax calculations (Income tax and minimum alternate
8 Constructing revenue items tax)
9 Expenses —Fixed costs (rent, insurance, electricity and
utilities etc.) H Outputs: Integrating financial statements
10 Expenses — Variable costs (employee costs, powerand and outputs
fuel, advertising and marketing etc.)
11 Quiz 1 26 Integrating the financial statements — Preparing P&L
account, balance sheet and cash flow statement
27 Handling aggregation, consolidation and switches when
D Fixed assets and depreciation
there are multiple assets and/or entities
12 Tangible fixed assets account — Break-up, capital 28 Building flexibility to evaluate sensitivities on various
expenditures, asset lives, impact of foreign exchange parameters
translation 29 Calculation of key ratios and margins
13 Treatment of intangible fixed assets 30 Goal seek
14 Depreciation and amortization - straight-line method, 31 Setting up checks in the model
written-down value method, units of production method
32 Incorporating overrides for various assumptions
and other methods
33 Introduction to charts — Simple charts
34 Introduction to charts — Advanced charts
E Capital structure
35 Creating dashboards that present the key assumptions
15 Capital structure and introduction to debt modelling and outputs of the model in a meaningful and decision-
oriented manner
—Types of structures, types of debt, types of equity,
treatment of grant, reviewing terms of debt 36 Quiz 3

16 Setting up inputs, flags and counters for debt

calculations (considering repayment pattern,
moratorium, etc)

EY Certificate in Financial Modelling and Valuation | 5

Agenda: Face-to-face sessions (cont’d)

I Introducton to valuation 45 Setting up balance sheet related inputs for XYZLimited

— Capital structure, capex and depreciation, debt
37 Introduction to valuation concepts — PV, NPV, IRR, FCFF, 46 Setting up P&L and balance sheet relatedcalculations
FCFE etc. for XYZ Limited
38 Introduction to valuation methods - Discounted cash 47 Tax calculations for XYZ Limited
flow method, difference between NPV and XNPV, IRR 48 Setting up the cash flow statement andintegrated
and XIRR formulas, financial statements for XYZ Limited
39 Introduction to valuation methods — Comparable
49 Setting up model checks for XYZLimited
companies methods (trading multiples and transaction
multiples) 50 Setting up sensitivities for XYZ Limited
51 Modelling for synergies
40 Introduction to valuation methods — Book value method
(net asset value [NAV] and adjustments toNAV) 52 Accounting for synergies present in acquiring XYZ
41 Detailed understanding of discounted cash flow method Limited
and calculation of WACC 53 Valuation of XYZ Limited as per the discounted cash
flow method

J Case study 54 Calculation of other valuation metrics used in

investment decisions — Payback period, industry-
42 Introduction to the case study — XYZLimited specific metrics etc.

43 Setting up P&L related inputs for XYZ limited - revenue 55 Creating a user-friendly dashboard for XYZ Limited
and expenses 56 Benchmarking valuation of XYZ Limited using other
44 Calculating adjusted EBITDA and pro forma EBITDAfor valuation methods
XYZ Limited

Agenda: Recorded videos

A Exploring Excel 12 Filter data

13 Unprotect/Protect sheet/workbook
1 Understanding Screen of Excel 2010/2012
2 Ribbon and various tabs on theribbon B Exploring Excel functions
3 Formulae bar
14 Mathematical functions
4 Copy, paste with paste special
15 Statistical functions
5 How to use Quick access toolbar and creatingown
shortcuts 16 Financial functions

6 Basic shortcuts 17 Logical functions

7 Find/ Replace with wildcards (*,?), 18 Lookups and reference functions

8 Cell Formatting (Ctrl + 1) with Customformatting 19 Text functions

9 Cell Styles 20 Date and information functions

10 Conditional Formatting
11 Sorting data C Exploring Excel tools

6 | EY Certificate in Financial Modelling and Valuation

Our other offerings/programs

Classroom Training

Ind AS MasterClass Be prepared to deal

with IFRS Lean SixSigma
Practicalinsightsontransition EY is pleased to announce the Finance for Green Belt AppliedExcel
to Ind-AS
(including insightson MAT exposure
12th Editionof itsIFRSCourseto
prepare youto deal withthe complex
requirements of IFRS
no n -finance Delhi | Mumbai | Bangalore |
for Business
arising on transition to Ind-AS)
EY IFRS Course ma na gers Pune | Chennai | Hyderabad Analysis
Twelfth edition
Covering the syllabus of
Delhi|Mumbai
ACCA’s Diploma inIFRS Delhi | Mumbai |Bengaluru

Ind-AS Master EY IFRSCourse Finance for EY certificate in Applied Excel for

Class Non-Finance Lean Six Sigma Business Analysis
Managers Green Belt

E-Learning Program

Lean Six Sigma Finance for non-

Prepare yourself for Financial Prepare yourself
Ind-AS with e-learning
Green Belt finance managers
certification modellingand for internal
financial control e-learning
eLearning Certification valuation
with e-learning certification
e certification

EY certificate EY certificate in EY certificate EY certificate in Finance for

in Ind-AS Lean Six Sigma in Financial Internal Financial Non-Finance
Green Belt Modelling and Control managers
Valuation

Sorabh Kataria Mohd. Furqan Warsi

Partner, CT- Valuation Director, FAAS
E: [email protected] E: [email protected]

EY Certificate in Financial Modelling and Valuation | 7

Ernst & Young Associates LLP
EY | Assurance | Tax | Transactions | Advisory
About EY
EY is a global leader in assurance, tax, transaction and advisory
services. The insights and quality services we deliver help build
trust and confidence in the capital markets and in economies the
world over. We develop outstanding leaders who team to deliver
on our promises to all of our stakeholders. In so doing, we play a
critical role in building a better working world for our people, for
our clients and for ourcommunities.

EY refers to the global organization, and may refer to one or more,

of the member firms of Ernst & Young Global Limited, each of
which is a separate legal entity. Ernst & Young Global Limited, a UK
company limited by guarantee, does not provide services to clients.
For more information about our organization, please visit ey.com.

Ernst & Young Associates LLP is one of the Indian client serving
member firms of EYGM Limited. For more information about our
organization, please visit www.ey.com/in.

Ernst & Young Associates LLP is a Limited Liability Partnership,

registered under the Limited Liability Partnership Act, 2008 in
India, having its registered office at 22 Camac Street, 3rd Floor,
Block C, Kolkata - 700016

© 2018 Ernst & Young Associates LLP. Published in India.

All Rights Reserved.

EYIN1801-010
ED None
This publication contains information in summary form and is
therefore intended for general guidance only. The information
mentioned in the publication are derived from public sources
which we believe to be reliable and accurate but which, without
further investigation cannot be warranted as to their accuracy,
completeness or correctness. This information is supplied on
the condition that neither Ernst & Young Associates LLP nor
any other member of the global Ernst & Young organization are
not liable for any error or inaccuracy contained herein, whether
negligently caused or otherwise, or for loss or damage suffered by
any person due to such error, omission or inaccuracy as a result of
such a supply It is not intended to provide any advice and nor be
a substitute for detailed research or the exercise of professional
judgment. Neither Ernst & Young Associates LLP nor any other
member of the global Ernst & Young organization can accept any
responsibility for loss occasioned to any person acting or refraining
from action as a result of any material in this publication. On any
specific matter, reference should be made to the appropriate
advisor. If any party chooses to rely upon any of the contents of this
Publication they do so entirely at their own risk, and we shall have
no responsibility whatsoever in relation to any such use. We accept
no duty of care or liability of any kind whatsoever to any such party,
and no responsibility for damages, if any, suffered by any such
party as a result of decisions made, or not made, or actions taken,
or not taken, based on thispublication.

KL

ey.com/in
@EY_India EY|LinkedIn EY India EY India careers ey_indiacareers