360

international
FINANCIAL
ANALYSIS &
MODELLING
USING EXCEL
3 - 5 JUNE 2014
SHANGRI-LA HOTEL
JAKARTA, INDONESIA

8 -10 JUNE 2014

RADISSON BLU
DUBAI DEIRA CREEK, UAE FINANCE SERIES

OVERVIEW YOUR INTERNATIONAL

Excel is a powerful and flexible tool that can be “What if expenses are COURSE FACILITATOR
used to build complex models to analyze the greater than expected,
effects of a firm’s financial decisions. Further, a how does this affect our David A. Carter, Ph.D.
properly built Excel model has the capability to
ask a variety of “what if” questions. bottom line?”

Finally, Excel has a large number of analytical tools that can

be used to investigate a variety of financial and business Professor of Finance
opportunities. Business and technical professionals are Oklahoma State University
often called upon to analyze the effects of financially based
decisions, often without a formal financial background in
Excel model building or the use of Excel as financial decision PROFILE
making tool. This in-depth and practical three-day course David A. Carter, Ph.D., is the Greg Massey Professor
will focus on financial model building and analysis using of Finance in the Department of Finance at
Excel. Oklahoma State University’s Spears School of
Business where he teaches corporate finance with
By the conclusion of the course: an emphasis on Excel spreadsheet applications,
§ Participants will be able to build models to generate pro forma (projected) entrepreneuriae l finance, and commercial bank
financial statements and evaluate proposed capital investment projects. management. Dave has won several awards for his
§ Delegates will also be able to use Excel to perform optimization and write simple teaching, including the Regent’s Distinguished
user-defined functions. Teaching Award, which is the highest teaching
§ This training will benefit your organization by giving participants greater award given by OSU. He is active in a variety of
knowledge on the use of Excel as a financial decision making tool. professional organizations and recently served on
the Board of Directors for the Eastern Finance
§ This course qualifies for continuing education credit for licensed Professional Association.
Engineers and also Professio
Profession Development Hours for other disciplines.
Dave has published extensively in academic
finance journals and has presented his research at
leading academic conferences around the world.
Who Should Attend?
Wh His research focuses on risk management and
• Anyone wanting to upgrade his or her Excel skills. hedging in the airline and banking industries,
• Individuals being transferred from non-financial corporate governance, and commercial bank
areas to financial areas. management. His article “Does hedging affect
firm value? Evidence from the US airline industry”
• Individuals without a finance background or who received the 2006 Pearson/Prentice Hall Prize for
have little Excel experience. the Best Paper in Financial Management. Dave has
been quoted in articles related to hedging in the
airline industry in the Economist, the Wall Street
Participants should bring thei
their laptops to all 3 days of the course. This course will Journal, and USAToday.
focus on the use of Excel as a financial decision making tool. We will use Excel to
build a variety of models. Dave has a B.S. in chemical engineering from
Brigham Young University, an M.B.A. from Utah
State University, and a Ph.D. from the University of
Your organization will benefit from employees attending this course Georgia. Prior to entering academia, Dave worked
because they will learn to use Excel to: for Westinghouse Electric Corporation and
P Create projected financial statements, allowing them to see the effects Questar Pipeline Company.
of financial decisions on firm performance,
P Build models to evaluate proposed capital investments,
P Perform “what if” analysis to see what happens when things don’t go as planned, The trainer will conduct a dynamic
P Find optimal solutions to problems,
and resourceful training that you
P Use a variety of analysis tools in Excel
do not want to miss!

360 International Limited, Level 8, Pavilion KL, 168 Jalan Bukit Bintang, 55100 Kuala Lumpur, Malaysia. www.360i-group.com 1
 FINANCIAL ANALYSIS & MODELLING
USING EXCEL
COURSE CONTENT
HOW THIS WORKSHOP WILL BE CONDUCTED

DAY1 FINANCIAL STATEMENT FORECASTING

In Day 1, we will first review financial statements and ratio analysis.
Participants will build models in Excel to create pro forma financial
statements. We will also discuss the relation between growth and the
need for external financing. Further, we will explore how dividend policy
and profitability also affect the need for external financing.
Session One: Review of Financial Statements
§ Brief overview of financial statements DAY3
• Balance sheet Incorporating Risk into Capital
• Income statement Budgeting Decision Making, the Use
• Statement of cash flow
§ Understand the information provided by financial statements of Add-in Tools, and Creation of
§ Know the difference between accounting income and cash flow User-Defined Functions Using VBA
Session Two: Analyzing Financial Performance In Day 3, delegates will build on what they learned in
Day 2 to incorporate the effects of uncertainty into
§ Learn what financial statements reveal about a company’s current their capital budgeting decision. They will use Excel
situation and prospects to perform sensitivity, scenario, and Monte Carlo
§ Prepare and interpret common-size financial statements analysis. Participants will use several add-in tools to
§ Compute and interpret financial ratios analyze data. We will also introduce VBA (Visual Basic
• Liquidity ratios: the ability of the firm to meet its obligations in the for Applications) and create user-defined functions in
short-term Excel.
• Financial leverage (Debt) ratios: the ability of the firm to meet its
obligations in the long-term Session One: Capital Budgeting
• Asset management ratios: how well does the firm manage its assets? Under Risk (Part I: Sensitivity &
• Profitability ratios: what is the “bottom line?” Scenario Analysis)
• Market value ratios: the market assessment of the firm’s
§ The problem of uncertainty
performance
§ Sensitivity analysis in a capital budgeting setting
§ Trend and peer group analysis
§ Scenario analysis in a capital budgeting setting
§ Explore the relation between growth and the need for external
§ Hands-On Excel exercises
financing
§ Discuss how dividend policy, asset intensity, and profitability affect the Session Two: Capital Budgeting
need for external financing Under Risk (Part II: Monte Carlo
§ Internal and sustainable growth rates
Simulation Analysis)
Session Three: Financial Statement Modeling § Setting up a Monte Carlo simulation
§ Discuss linkages between the income statement and the balance sheet § Monte Carlo simulation using Excel
§ Financial statement modeling using the percentage of sales method § Hands-On Excel exercises
Session Four: Exercises
§ Hands-On Excel exercises Session Three: Exercises
§ Hands-On Excel exercises
DAY2 DISCOUNTED CASH FLOW ANALYSIS AND Session Four: User Defined Functions
PROJECT EVALUATION § Statistical tools
In Day 2, participants will build models in Excel to perform economic § Exploring relationships in data using regression
analysis of proposed investment in fixed assets (i.e., capital budgeting). § Constrained optimization using Solver
We will discuss discounted cash flow analysis, the use of Excel to ask “what § Hands-On Excel exercises
if” questions, net present value and other decision rules, and cash flow § Course wrap-up
estimation.
Session One: Discounted Cash Flow Analysis
§ Time value of money: future value, present value, annuities, perpetuities
§ Amortized loans
§ Discounted cash flow analysis using Excel
Session Two: What-if analysis Using Excel
§ Sensitivity analysis using Data Tables
§ Scenario analysis using Scenario Manager
§ Using Goal Seek to find a given input that produces a desired output
§ Monte Carlo simulation
§ Hands-On Excel exercises
Session Three: Capital Budgeting Metrics
§ Discounted cash flow techniques
• Net Present Value
• Internal rate of return
• Modified internal rate of return COURSE SCHEDULE
• Profitability index
8.00 Registration & Coffee / Tea
Session Four: Cash Flow Estimation for Capital 8.30 Workshop commences
Budgeting Model Building 10.00 - 10.20 Morning coffee / tea
§ Relevant cash flows for capital budgeting analysis 12.30 - 13.30 Lunch
§ Model building in Excel 14.40 - 15.00 Afternoon coffee / tea
§ Hands-On Excel exercises
16.00 End of day

360 International Limited, Level 8, Pavilion KL, 168 Jalan Bukit Bintang, 55100 Kuala Lumpur, Malaysia. www.360i-group.com 2