Valuation and Financial Analysis - Principles and Practices
  • Introduction
  • Agenda
  • Experts
  • Venue
  • Partners
  • Registration

Valuation and Financial Analysis - Principles and Practices

Program Director and Instructor
Professor Bala Dharan, Harvard University and MIT

Program Length
2-days.

Program Outline and Objectives
Finance executives, investors, accountants, and financial consultants recognize that valuation and financial analysis are fundamental tools for the success of complex business transactions, such as mergers and acquisitions. Knowledge and application of leading-edge financial analysis techniques for the evaluation of risk and value determine the success or failure of business investments and stock market performance.

In this executive program, the overall goal is to help participants learn how to analyze a company's business strategy and its financial statements in order to value the business. In the process, participants learn to appreciate the use of advanced finance and accounting tools developed in recent years to evaluate the quality and reliability of business cash flows, measure and control business risks including litigation risk and default risk, and evaluate the value of future strategic options.

Equal emphasis is placed on learning concepts and discussing examples of implementation from practice. Implementation issues are addressed particularly for difficult valuation areas such as technology valuation, cost of capital and terminal value. Relevant new accounting concepts such as fair value, derivatives and business combination are also discussed.

Method of Instruction
Participants will receive a workbook containing notes, cases, problems and references for further study. The material will be presented using lecture, class exercises, and case discussions.  Class discussion by participants will be emphasized. Participants will also work on selected problems and cases in small groups.

Who Should Attend
The mix of basic valuation techniques and applications provided in this seminar should appeal to a widely diverse audience. In particular, it should be useful for:

   •  Equity research analysts, who are interested in examining alternatives to the multiples that they use or the linkage to discounted cash flow models.
   •  Corporate financial officers, who want to understand the details of valuation, either because they are planning acquisitions or are interested in value
       enhancement strategies for their firms.
   •  Analysts involved in mergers and acquisitions, who would like to acquire a wider repertoire of valuation skills.
   •  Portfolio Managers who are interested in the effects of corporate restructuring on firm value, and the implications for portfolio management.

                                                                                                   AGENDA OF THE PROGRAM

The program emphasizes in-depth discussion of all key valuation and financial analysis topics. Topics covered include:

  • Overview of valuation approaches

  • Essential steps in planning for valuation: Data analysis and strategic analysis of the company’s business

  • The concept of value manager; why mergers and valuation sometimes fail, and how to use value driver analysis to reduce the risk of overvaluation

  • The use of financial information to evaluate the risk of bankruptcy or default

  • The concept of earnings quality, and financial flags of earnings management

  • Off-balance sheet liabilities, complex financing methods, and their relevance for valuation

  • Types of business combination and how they affect taxes and valuation

  • Implementation issues in discounted cash flow methodology

  • Forecasting free cash flows and related financial statements

  • Estimating the cost of capital

  • Technology (and intellectual property) valuation techniques

  • Common value multipliers and comparable transactions

  • Handling minority discounts and control premiums, and premiums for business synergy

Prof. Bala Dharan Prof. Bala Dharan Visiting Professor and Sr. Lecturer, Harvard Law School
 

Hilton Mumbai
Sahar Airport Road, Andheri East, Mumbai, 400099, India

In case of queries, please email us at training@vccircle.com


Online Media Partner

CAclubindia

CAclubindia.com aka CCI is an Interactive Platform for Finance Professionals and Taxpayers. With a strength of more than 1.4 million member, CCI turns out to be the largest and most popular knowledge sharing and networking platform for Finance professionals in the country.

CAclubindia with its potent reach of 1.25 lac visitors daily seeks to create an intellectual and powerful community. It gives an opportunity to the Finance professional to get in touch with the who's who of the finance world and also to achieve professional excellence through interaction and sharing of new ideas and opinions.


Today CCI provides its 1.4 million+ members with a gamut of services like:

  • A platform for interaction with persons of their own fraternity.

  • Updates on various issues in the Finance world.

  • Mobile app to keep one updated on the go.

  • Most recent advancement/reviews/discussions in current Finance related issues.

  • The facility to maintain their profile and communities and be in touch with their peers by just logging on to the site.

  • Advanced e-Learning platform for finance professionals and students via CCI online coaching.

 

Industry Partner

Corporate Professionals

Corporate Professionals (CP) is a group of highly skilled, research oriented and dedicated young professionals with unique consulting background offering world class multi-disciplinary legal, financial and business advisory services since 2003. Over the period, the Group has emerged as an innovative leader in delivering corporate advisories and solutions in a simplified, cost effective and efficient manner. We have successfully engaged in and executed over 3500 assignments of more than 1000 corporate houses, domestic as well as international, across several Industries, to the best of satisfaction of clients.

Aiming to become a one-stop-mall offering integrated legal and financial solutions, CP has distinctively positioned itself as a SEBI Registered (Category-I) Merchant Banker for boutique Investment Banking & Transaction Advisory services and as a Corporate Legal Advisors with high quality comprehensive Corporate, Securities, Legal and Regulatory services.

With right blend of legal and financial skills, continuous focus on research and effective use of Information Technology, CP is creating customized products for its clients and offering path breaking solutions to meet their business strategies. In its endeavors to satisfy clients’ stated as well as unstated needs, the Group adopts the most feasible and legally viable approach to execute assignments in a seamless, cost effective and time bound manner. High Integrity and confidentiality in dealing with clients and assignments undertaken is deeply inculcated in the team. Not just for executing Clients' Assignments but also in internal management, the Group adheres to a system driven approach.

The Group dedicates about one third of working time of its professional team towards continuous research in the dynamic legal and financial fields, training and sharpening their skills with an object to create in-house knowledge hub for delivery of high quality services to the clients.

Official Magazine Partner

Lex Witness

LEX WITNESS is a high quality monthly magazine with the power of fresh and original content that deals exclusively with subjects on legality. Top-notch practitioners and experts contribute in LEX WITNESS on subjects relevant to all stakeholders in this profession across industry sectors like Real Estate, Information Technology, Banking & Finance etc. WITNESS, ever since its inception in 2009, has become India's most credible platform for the legal luminaries here to opine, comment and share their views. With an interesting blend of opinion pieces, commentary, reportage, analysis, interviews and movements, Lex Witness reaches out to the entire legal and corporate fraternity ranging from In House Counsel to reputed Law Firms besides key decision makers, luminaries, experts, policy makers, bureaucracy and the industry captains in India.

Academic Partner

CFA India

CFA Institute is the global association of investment professionals that sets the standard for professional excellence and credentials. The organization is a champion for ethical behavior in investment markets and a respected source of knowledge in the global financial community. The end goal: to create an environment where investors' interests come first, markets function at their best, and economies grow. The establishment of its first India office in Mumbai allows for renewed focus on advocacy. CFA Institute has more than 127,000 members in 150 countries and territories, including 120,000 CFA charter holders, and over 140 member societies. In India, there are over 1,400 members, including 1,200 CFA charter holders.

The , the India Society of CFA Indian Association of Investment Professionals (IAIP) Institute, was established in April 2005 as an association of local investment professionals consisting of portfolio managers, security analysts, investment advisors and other financial professionals. As one of the over 140 CFA Institute member societies, the IAIP connects local members to a global network of investment professionals.

Industry Partner

AIBI

AIBI is a voluntary association of Investment Bankers in the country. It was formed in 1990’s at the initiative of Indian Capital Markets regulatory body, SEBI. All Merchant Bankers, registered with SEBI are eligible to be members of AIBI. AIBI is India’s only association representing the investment banking industry.

On January 21, 2012 the name of the Association was changed to “Association of Investment Bankers of India” to encompass all the activities carried out by the Investment Bankers other than Issue Management. Currently, there are fifty seven members of the association.

AIBI-in a new direction: AIBI is now reinventing itself. AIBI strives to be an objective Industry body with a credible action plan. AIBI balances its role as an industry body with its role of an influencer so that there is never any conflict of interest for the members and ensure that its activities are not confined to selected few but are available and are beneficial to all members.

AIBI is represented, through its Chairman, on SEBI’s Primary Market Advisory Committee, a forum that provides an opportunity to present the industry’s viewpoint on various issues. In the last one year AIBI has made significant strides in enhancing its capabilities. We have been working closely with SEBI in the recent times in improving the efficiencies of the Indian Capital Markets.
AIBI has a dedicated website (www.aibi.org.in) and plans to make this website content rich to showcase our industry.

Media Partner

MoneyControl

Standard Fee: INR 55,000* + Service tax (14.5%)

Early Bird Discount: 20% Discount till 20th November 2015  - i.e. INR 44,000 plus 14.5% (Service Tax)
Early Bird Discount: 15% Discount till 27th November 2015  - i.e. INR 46,750 plus 14.5% (Service Tax)
Early Bird Discount: 10% Discount till 4th december 2015  - i.e. INR 49,500 plus 14.5% (Service Tax)

SVCA Members contact training@vccircle.com

*Includes 1 year subscription of VCCircle Premium + WSJ.com worth INR 28,780

For more queries speak to Raj/Fazal  on 91-120-4171111/ 91- 9560888933 or write at training@vccircle.com  

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Refund and Substitution Policy (Differ from one programme to other, please read carefully):

No refunds will be granted for cancellations made within 7 days of the workshop. Those delegates who have confirmed and do not attend, are liable to pay the full course fee and no refunds will be granted.
Cancellation fee of 50% will be applicable 15 days prior to the workshop.
Cancellation fee of 25% will be applicable up to 21 days prior to the workshop.
Participants can cancel their registration 30 days prior to the event for a full refund.
Substitutions within a company are permitted through the workshop/training date, request must be by email to 
training@vccircle.com
Company reserves the right to amend content, expert, venue & date(s) of the workshop
Participants will be refunded the registration fee in full in case the workshop gets cancelled.
Company assumes no liability for any costs including transportation, hotel reservations or any other costs incurred by participants in the event of cancellation