Our lead trainer has built financial models, investment portfolio risk models, stocks analysis models, automated financial reporting templates, loan schedules, FX tracker, market indices tracker, and many other financial projects for corporate clients within and outside Nigeria.

He is not going to share book knowledge with you but real-world expertise and templates you can readily use. He is one of the few FMI certified Advanced Financial Modelers (AFM) in Nigeria. He is also one of the few Africans that have been vetted and accepted as a Financial Modelling and Valuation expert on TopTal whose client base span fortune 500 companies and other big companies across Europe, the Americas, Australia, and Asia. You can view his TopTal profile here.

He is the sole developer of the only Nigerian financial markets analysis tool on Microsoft office store, developer of Nigerian stocks analysis dashboard, and the brain behind the Nigeria Market Data platform.

    ENROLL IN THE FINANCIAL MODELLING COURSE

    The training outline is:

    AFM 202: Financial Modeling and DCF Valuation

    This training is aimed at making you proficient in building Financial Models and carrying out Valuation for existing businesses, startups and capital projects. You will learn to create financial models from scratch using Microsoft Excel and build one during the training on a real Nigerian company. You will also learn how to apply them in real world situations so as to help friends with their business valuations, help your company with financial planning and advise clients on equity funding. The training is strictly targeting people with accounting background and basic knowledge of corporate finance.

    You will get lunch, a branded DVD with training materials and templates, training notepad with pen, a hardcopy comprehensive training reference materials, a training certificate from us (a registered Microsoft Partner), access to our online community and after training support.

    Our lead trainer has trained professional participants from Guinness Nigeria, Nigerian Breweries, Schlumberger, Chevron, Periscope, Brains and Hammers, GfK, Palladium Group, First Bank, Citi Bank, Dalberg, PMI, EatNGO, NLNG, GSK, Promasidor, SaveTheChildren, Mobil, FMDQ, NSE, Biofem Pharmaceuticals, Total, Vodacom, Nestle, Nigerian Breweries, Delta Afrik, LATC Marine, Broll, Habanera (JTI), SABMiller, IBM, Airtel, Diamond Bank, ECOWAS, Ministry of Finance, Transmission Company of Nigeria, Nokia Siemens Networks and DDB.

     

     

    AFM 202: Financial Modeling and DCF Valuation Training

    The training outline is:

    1) Introduction to Financial Modeling and Valuation 
    a. Refresher on the fundamental accounting principles 
    b. Trial Balance 
    c. Building the Income Statement from the Trial Balance 
    d. Building the Balance Sheet Statement from the Trial Balance 
    e. Building the Cash Flow Statement from the Trial Balance 
    f. Introduction to Financial Ratios 

    2) Building a Financial Model Template from Scratch 
    a. Template Building from Scratch 
    i. Creating the Required Sheets and Having an Index Sheet 
    ii. General Model Structure Design 
    iii. Working Across Multiple Sheets at Once 
    iv. Linking Sheets 
    v. Absolute and Relative References 
    vi. Template Building Tricks 
    b. Required Excel Tools and Formulas 

    3) The Financial Model Core
    a. Modelling Stage One: Projection Ratios and Scenarios (Optimistic, Base and Pessimistic) 
    i. Income Statement Drivers Projections – from schedules or moving average
    ii. Balance Sheet Drivers Projections – from schedules or moving average
    b. Modelling Stage Two: Financial Statements Forecasts 
    i. Income Statement Forecast 
    ii. Balance Sheet Forecast 
    iii. Cashflow Statement Forecast – extracting the Cashflow from Income Statement & Balance Sheet
    iv. Extracting the Unlevered Free Cashflow

    4) Different Types of Valuation Models
    a. Discounted Cash Flow (DCF) Model 
    b. Comparative Company Analysis (comps) Model (and precedent transaction valuation multiples)
    c. Sum-of-the-parts Model 
    d. Leveraged Buy Out (LBO) Model 
    e. Merger and Acquisition (M&A) Model 
    f. Book value Model 
    g. Depreciated Replacement Cost (DRC)
    h. Dividend Discount Model

    5) DCF Valuation 
    a. Enterprise Value = Discounted Cashflow of Explicit Forecast Period + Discounted Terminal Value 
    b. Calculation of WACC, CAPM and Cost of Debt 
    c. Practical Reality of the Nigerian Economic Space 
    d. Extracting The Equity Value from The Enterprise Value 
    e. Sensitivity Analysis: WACC vs Perpetuity growth 
    f. Practical Use of The Results 
    g. Company Valuation: Sell-side, Buy-side and Advisory 
    h. Business Unit or Subsidiary Valuation 
    i. Capital Project Valuation 

    6) Financial Ratios 
    a. Liquidity Ratios 
    b. Asset Management Ratios 
    c. Leverage Ratios 
    d. Profitability Ratios 
    e. Valuation Ratios 
    f. Financial Project Planning Excel formulas 

    AFM 101: Finance and Financial Statements for non-Finance Managers & Entrepreneurs

    The training outline is:

    Introduction to Accounting and Finance

    • Accounting Equation: Assets = Liabilities + Equity
    • Debits and Credits
    • Assets – its true corporate meaning ( + = debit, – = credit)
      • Depreciable fixed tangible assets
      • Intangible assets and goodwill
      • Financial assets
      • Deferred tax assets
      • Prepayments
      • Inventory
      • Receivables
      • Cash
    • Liabilities – getting it right, corporate finance wise ( – = debit, + = credit)
      • Loans
      • Provisions
      • Employee benefit obligations
      • Payables
      • Tax liabilities
      • Other liabilities
    • Equity
      • Share capital
      • Share premium
      • Retained Earnings, cumulative Net Profit (Revenue – Expenses, cumm)
        • Revenue ( – = debit, + = credit)
        • Expenses ( + = debit, – = credit)
      • Reserves ( – = debit, + = credit)

     

    Understanding Internal Financial Reports

    • Chart of Accounts (what to debit and what to credit)
      • Assets
      • Liabilities
      • Shareholder’s equity
      • Revenues
      • Expenses
      • Gains
      • Losses
    • General Ledger (GL)
    • Cost Centres
    • Accrual based accounting
      • Depreciation
      • Amortization
      • Interest Expense
      • Prepayments
      • Prepaid/Unearned/Deferred Revenue
      • Tax Computation – accounting tax vs government tax
    • Trial Balance – adjusted/accrual based

    Understanding Financial Statements

    • Income Statement (Statement of Profit or Loss)
      • Functional and practical interpretation
      • Income Statement ratios for company financial health analysis
    • Balance Sheet (Statement of Financial Position)
      • Functional and practical interpretation
      • Balance Sheet ratios for company financial health analysis
      • Company Efficiency
      • Working Capital Management
    • Cashflow Statement (Statement of Cashflow)
      • Functional and practical interpretation
      • Cashflow Management
      • Free Cashflow
    • Investment Decisions
    • Financial Planning

     

    AFM 303: AFM Masterclass + Mock Exam

    For the training, we expect prior knowledge of Financial Modeling and that participant has hands-on knowledge of financial model building from scratch.

    The main focus of the training is to prepare the participants for the more rigorous type required for the AFM exam.

    The Masterclass covers the official Study Guide and Mock Exam:

    • Model Structure
    • Formatting and color scheme
    • Input Assumptions and Forecast Plans
    • Revenues
    • Operating Costs and Depreciation Expense
    • Income Tax Expense and Working Capital
    • Debt, Interest and Shareholders’ Equity
    • Financial Statements
    • Summary Page, Formatting, Presentation and Speed
    • Model Troubleshooting, Fixed Errors and Avoiding Pitfalls