Valuation & Business Modeling Seminars 2017 Providing orientation, sharing knowledge, increasing performance
Editorial Value-based management is a key function of corporate leadership. In recent years, a significant emphasis has been put on determining the adequate strategy and value of transaction-related matters such as acquisitions or corporate carve-outs. The importance of transparent and robust financial models also increased with regards to the preparation and presentation of investor information, tax optimization or compliance with accounting principles (IFRS/US GAAP). Hence, broadening your knowledge on company valuations and financial modeling is crucial if you are working in finance or business development. EY is very pleased to present various seminars covering specific aspects of company valuations and financial modeling. Our seminars effectively prepare participants for company transactions and introduce them to tools and analytical methods for day-to-day tasks in finance and business development. Our seminars provide theoretical knowledge and best practice approaches with high practical relevance. In addition, our seminars offer participants the opportunity for one-on-one discussions with other course members and our speakers. For more information please refer to the following pages. We would be excited to welcome you in person at one or more of our seminars.
Hannes Schobinger, CFA
Marc Filleux, CFA
Executive Director, Valuation & Business Modeling
Senior Manager, Valuation & Business Modeling
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| Valuation & Business Modeling Seminars 2017
Overview
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Financial Modeling in Excel Valuation Dates, costs and admission Valuation Market Essentials Switzerland We offer standardized scalable Excel models Your trainers
Valuation & Business Modeling Seminars 2017 |
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Financial Modeling in Excel Improve your skills with
Valuation
our Financial Modeling course We support you in building reliable business models.
We support you in appropriately assessing a company‘s value.
Financial modeling is increasingly used as an important basis in the corporate decision making process, including: • financial forecasting and budgeting; • liquidity planning; • evaluation of strategic options; • M&A; • impairment testing; • purchase price allocations; • variable compensation schemes.
This seminar discusses approaches for valuing companies and builds on these by examining practical examples. A significant portion of our seminar will be dedicated to the discounted cash flow method and the market multiples analysis.
However, financial models are often not built according to best practice. Further, in many cases the diligence applied in building models is low compared to the financial implications of potential errors in these models. Key questions to be covered in this seminar include: How can financial models be clearly structured in Excel and be arranged to be less error-prone? How do they support management decisions best under uncertainty? Specifically, you will be guided through best practice approaches in terms of setting up financial models and managing the build process. You will also be able to enhance your Excel skills based on practical examples. After our seminar you will be capable of meeting challenges in financial modeling while better understanding and assessing existing financial models in your organization. We will not only teach you “dry” Excel skills but also share with you practical experiences and “war stories”.
|| In this training, we will concentrate on fundamental aspects of building sound financial models. Theoretical parts will be completed by practical exercises and case studies. || 4
| Valuation & Business Modeling Seminars 2017
Additionally, this seminar will focus on advanced valuation topics, such as discounts and premiums, valuation of intangible assets and the challenges in valuing “start-ups”. The aim is to eliminate uncertainties in valuation and to identify any potential scope for the interpretation of valuation ranges using specific practical examples. The broad range of valuation-related content regularly leads to interesting discussions among “valuation experts”.
Precise tools for corporate valuation — in our Valuation seminar || In our seminar we cover different approaches and methods of valuing corporations and provide you with skills to plan and implement valuation projects effectively. ||
Valuation & Business Modeling Seminars 2017 |
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Dates, costs and admission Valuation Location
Zurich
Language
German
Date
2 November 2017
Duration
Financial Modeling Location
Zurich
Language
German
Date
3 November 2017
9 am to 5 pm
Duration
8:30 am to 5 pm
Seminar fee
CHF 1,200 incl. VAT (includes course material and food)
Seminar fee
CHF 1,200 incl. VAT (includes course material and food)
Registration until
20th October 2017
Registration until
20th October 2017
Location
Geneva
Location
Geneva
Language
English
Language
English
Date
9 November 2017
Date
10 November 2017
Duration
9 am to 5 pm
Duration
8:30 am to 5 pm
Seminar fee
CHF 1,200 incl. VAT (includes course material and food)
Seminar fee
CHF 1,200 incl. VAT (includes course material and food)
Registration until
20th October 2017
Registration until
20th October 2017
nd
th
Zurich
Geneva
Zurich
rd
Geneva
th
We would be pleased to welcome you to one or several of our seminars. Registration and information: Sabrina Gloor, Phone: +41 58 286 46 33,
[email protected] Further information about our seminars can be found at: www.ey.com/ch/events 6
| Valuation & Business Modeling Seminars 2017
Combo package: Book both seminars (Valuation and Financial Modeling) for the price of CHF 2,000. Valuation & Business Modeling Seminars 2017 |
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You always find the latest market data for valuations
We offer standardized scalable Excel models
… in our new flyer “Valuation Market Essentials Switzerland”
For day-to-day business situations we use modular Excel models that we tailor to our client’s specific project situations.
Valuation
Modeling
Market Essentials Switzerland
om
Industry specific trading multiples: • revenue • EBITDA • EBIT
as of 31 December 2016
Cost of capital components: • base rate/risk free rate • industry specific capital structure • industry beta • credit spreads • market risk premium
com
Macro economic and sector data: • inflation • GDP growth • EBITDA • EBIT margins
Get the flyer here: https://www.eycom.ch/de/Publications/ByPeriodicals/ Valuation-Market-Essentials-Switzerland/ 8
| Valuation & Business Modeling Seminars 2017
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Impairment Testing IAS 36/ASC 350: recoverable amount, carrying amount, pre- and post-tax assessment etc.
2.
Purchase Price Allocation IFRS 3/ASC 805: consideration transferred/purchase price, contingent considerations, inventory and fixed asset valuation (net realizable value, depreciated net replacement cost), identification and valuation of intangibles (relief from royalty, multi period excess earnings), deferred tax liabilities, determination of goodwill etc.
3.
Discounted cash flow and multiple valuations as well as cost of capital models based on peer groups and interface to Capital IQ
4.
Integrated financial models on a monthly, quartely or yearly basis (income statement, balance sheet, cash flow statement) as well as detailed modeling of individual line items and financial dashboard
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Share based compensation IFRS 2/ASC 718: employee stock options template based on several criteria (vesting, service, performance, market conditions)
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Experience and Expertise — Your trainers
Hannes Schobinger CFA | Executive Director
Marc Filleux CFA | Senior Manager
Jennifer Müller CFA | Manager
Stéphanie Chaumier CA | Senior Manager
Depending on the topics covered, we may invite other qualified speakers to our seminars. Our seminars are aimed at professionals operating in corporate finance, M&A, accounting, corporate development and risk management. Further information about our seminars can be found at: www.ey.com/ch/events We would be pleased to welcome you to one or several of our seminars. Registration and information: Sabrina Gloor, Phone: +41 58 286 46 33,
[email protected]
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EY | Assurance | Tax | Transactions | Advisory About the global EY organization The global EY organization is a leader in assurance, tax, transaction and advisory services. We leverage our experience, knowledge and services to help build trust and confidence in the capital markets and in economies all over the world. We are ideally equipped for this task — with well trained employees, strong teams, excellent services and outstanding client relations. Our global purpose is to drive progress and make a difference by building a better working world – for our people, for our clients and for our communities. The global EY organization refers to all member firms of Ernst & Young Global Limited (EYG). Each EYG member firm is a separate legal entity and has no liability for another such entity’s acts or omissions. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information, please visit www.ey.com. EY’s organization is represented in Switzerland by Ernst & Young Ltd, Basel, with ten offices across Switzerland, and in Liechtenstein by Ernst & Young AG, Vaduz. In this publication, “EY” and “we” refer to Ernst & Young Ltd, Basel, a member firm of Ernst & Young Global Limited. © 2017 Ernst & Young Ltd All Rights Reserved. CH Agency JDU 1703-11 ED None
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