Fundaments in Finance

Analyzing and interpreting financial accounting statements Understanding the accounting process Applying the fundamental accounting concepts Tools used to identify ‘value’ Why ‘Cash is King’ Common ratios to assess the financial risk of the organization Understanding commonly used words and acronyms, e.g. EBITDA, ROCE, WACC Learning the limitations of the traditional accounting model and how to…

Valuation in M&A Calculating free cash flow  Time value of money  Valuing targets multiples and discounted cash flow (DCF) estimating synergies company valuation  Introduction to M&As M&A market overview and recent developments the M&A process, common terminology the choice of build, buy or ally M&A trends and waves typical challenges domestic versus cross-border M&A transaction…

  Capital budgeting One of the most important tasks of top management of companies is to make sound investment decisions when investing e.g. in new product lines or factories. We discuss: How to perform capital budgeting professionally How to assess whether and how much any given investment decision creates value to the shareholders The merits…

  Financial basics Financial accounts Balance sheet, classification and ratios Profit and loss account, classification and ratios Statement of cash flow Working capital and capex Time value of money Time value of money (TVM) and its implications in the corporate world Discounting and compounding Annuities Perpetuities Valuation and cost of capital Valuation methods: introduction Discounted…