Length:  4 days

Course Overview:
The Financial Analysis for Equity Capital Markets course covers the key elements of risk analysis using the tools and information available in the Equity Capital Markets line of business. The sessions are highly interactive with a theme case, examples and assessment tools that have application beyond the training program. The scope of the program will extend from traditional equity analysis to explore the latest techniques and issues risk decision-makers are now facing in the competitive market environment.

Learning Objective:
The objective of the Financial Statement workshop is to give participants the awareness and assessment skills to analyze the total financial risk of a company. Participants will be able to make an independent risk assessment and compare / contrast their findings with both internal and external sources of information.

      Definitions of Risk  

• Market Risk
• Credit Risk
• Operating Risk
• Settlement Risk
• Event Risk

      Fundamentals of Financial Statement Analysis

• Using a methodology / creating a framework
• Financial Statement Components:

                        i.      Balance Sheet, 

                       ii.      Income Statement

                      iii.      Cash Flow Statement

                      iv.      Notes to the Financial Statements

     Key Business Issues:

o        Organizational Structure  

o        Operating Cycles

o        Inter-company transactions

     Sources of Information:

• Reading Annual Reports
• 10K’s, 10Q’s and other required information
• 3^rd Party Analysis & Reports

      Foundations of Analysis:

• Key Ratio Analysis
• Trend Analysis
• Comparative Analysis

      Foundations of Analysis:

• Business and Industry
• Income Statement
• Balance Sheet
• Cash Flow Statement

Sustainable Cash Flow
Non-recurring events
Communicating the Financial Analysis

       Proforma Financial Statements 

       Fundamentals of Forecasting 

       Introduction to Comps 

      Credit Metrics and Benchmarks

• Risk Ratings
• KMV

      Current Issues in Financial Statement Analysis

o        P/E vs. Cash Flow

o        Accounting Rule Changes

o        The role of SVA in financial analysis

Target Audience:
Research analysts and entry level team members for the equity capital markets.

Participant Requirements:
Participants should have a basic foundation in accounting and corporate finance.

Instruction Methodology:
The workshop uses a series of mini-cases, small group exercises, lectures and examples to create a high-energy learning environment. 

Financial Statement Analysis for Equity Capital Markets

Length:  4 days

Course Overview:
The Financial Analysis for Equity Capital Markets course covers the key elements of risk analysis using the tools and information available in the Equity Capital Markets line of business. The sessions are highly interactive with a theme case, examples and assessment tools that have application beyond the training program. The scope of the program will extend from traditional equity analysis to explore the latest techniques and issues risk decision-makers are now facing in the competitive market environment.

Learning Objective:
The objective of the Financial Statement workshop is to give participants the awareness and assessment skills to analyze the total financial risk of a company. Participants will be able to make an independent risk assessment and compare / contrast their findings with both internal and external sources of information.

     Definitions of Risk

• Market Risk
• Credit Risk
• Operating Risk
• Settlement Risk
• Event Risk

     Fundamentals of Financial Statement Analysis

• Using a methodology / creating a framework
• Financial Statement Components:

                             i.      Balance Sheet,

                             ii.      Income Statement

                             iii.      Cash Flow Statement

                             iv.      Notes to the Financial Statements

     Key Business Issues:

o        Organizational Structure

o        Operating Cycles

o        Inter-company transactions

     Sources of Information:

• Reading Annual Reports
  
• 10K’s, 10Q’s and other required information
  
• 3^rd Party Analysis & Reports

     Foundations of Analysis:

• Key Ratio Analysis
  
• Trend Analysis
  
• Comparative Analysis

      Foundations of Analysis:

• Business and Industry
• Income Statement
• Balance Sheet
• Cash Flow Statement

Sustainable Cash Flow

Non-recurring events

            Communicating the Financial Analysis

       Proforma Financial Statements

       Fundamentals of Forecasting

       Introduction to Comps

      Credit Metrics and Benchmarks

• Risk Ratings
• KMV

     Current Issues in Financial Statement Analysis

o        P/E vs. Cash Flow

o        Accounting Rule Changes

o        The role of SVA in financial analysis

Target Audience:
Research analysts and entry level team members for the equity capital markets.

Participant Requirements:
Participants should have a basic foundation in accounting and corporate finance.

Instruction Methodology:
The workshop uses a series of mini-cases, small group exercises, lectures and examples to create a high-energy learning environment.

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