Key ideas in financial analysis:
capital employed; EBIT, economic profit and EVA, earnings
return on capital employed and return on equity
leverage,financial structure and equity cover
Overview of the GAAP accounting rules.
Recognition of intangible assets
Effect of M&A on the financial statements
Off-balance sheet accounting to hide borrowing.Asset/liability derecognition
Operating leasing, securitisation, non-consolidation and equity accounting.
income measurement strategies: revenue recognition and cost capitalisation
income presentation strategies: EBITDA, underlying income, pro forma accounting
Analysis of cash flow to reveal financial strength and creative accounting
Prediction of financial distress.
The financial analysis of financial services companies, banking and insurance
Financial modelling – forecasting the future of the business by projecting its financial statements.
Using the financial model:
for managing the business and developing business strategy
to value businesses.
Live cases from leading global companies bring each topic to life and demonstrate the practical application and characteristics of each technique. Case studies include:
Case studies are used to apply key concepts to real businesses, focussing on performance measurement analysis.
These include: AOL, Time Warner, WPP, EasyJet, Lehman Brothers, Enron, and Vodafone.
Through tutorials, interact with tutors with industry expertise, who offer you invaluable guidance with group work and projects.
Learn from each other’s experiences working in study groups and gain international perspectives on accounting. Work collaboratively and apply the techniques you have learned by completing a variety of project work.
Duration: 5 daysNext start: 30 Jul 20182018 Fees: £7,300Location: London
“I now have a broader, more international point of view and I have made a personal step forward in understanding how international companies operate.”
Andreas Goschin (German)System Economics Manager, The Coca-Cola Company
Contact David Ratcliffe, Programme Associate.
Tel: +44(0) 20 7000 7051