The Financial Environment and Investment Course: The Financial Environment & Investment Course
Get ready for your exam by enrolling in our comprehensive training course. This course includes a full set of instructional videos designed to equip you with in-depth knowledge essential for passing the certification exam with flying colors.
What’s included
- 103 : Lectures
- 5h 31m 55s : Duration
$14.99/24.99
The ascendance of investment banking services
| Lectures |
|---|
| 1. The importance of history, name, tradition, and reputation- 2m 28s |
| 2. Early origins of investment banking services- 5m 55s |
| 3. What is the difference between commercial and investment banking?- 2m 15s |
| 4. Why do universal banks have a competitive advantage?- 3m 26s |
| 5. Intrinsic conflicts of interest and the role of Chinese walls- 2m 6s |
The four main areas of investment banking activity
| Lectures |
|---|
| 1. Capital Markets - raising equity and debt capital- 7m 20s |
| 2. Advisory - M&A and Restructuring services- 7m 55s |
| 3. Trading and Brokerage - trading with financial securities- 3m 11s |
| 4. Asset Management - the ability to use money to make more money- 4m 3s |
Capital Markets – Equity Capital Markets
| Lectures |
|---|
| 1. Why would a company want to go public?- 2m 25s |
| 2. Who are the investors in an IPO?- 3m 5s |
| 3. Coming up with a share price- 3m 49s |
| 4. What does an IPO timetable look like?- 3m 52s |
| 5. The IPO syndicate - members and responsibilities- 3m 9s |
| 6. Allocating shares to investors - who gets what- 1m 48s |
| 7. Other ways to place equity capital - SEOs and Private Placements- 1m 32s |
Capital Markets – Debt Capital Markets
| Lectures |
|---|
| 1. The four different types of bonds- 2m 41s |
| 2. Why issue a bond?- 3m 52s |
| 3. The mechanics of a bond offering- 3m 58s |
| 4. What is securitization and why can it be useful?- 3m 21s |
| 5. Loan Syndication - a preferred instrument for most banks nowadays- 2m 33s |
Advisory Services – Mergers and Acquisitions
| Lectures |
|---|
| 1. Why acquire another company?- 5m 34s |
| 2. Describing the typical deal lifecycles and buyer companies- 3m 16s |
| 3. The three types of M&A processes- 2m 51s |
| 4. A detailed description of an M&A process- 39s |
| 5. Valuation of target companies- 3m 59s |
| 6. Payment options in M&A deals- 4m 10s |
| 7. Financial vs- 2m 23s |
Advisory Services – Restructuring
| Lectures |
|---|
| 1. Restructuring services - why and when- 2m 10s |
| 2. The different types of Restructuring- 4m 51s |
Trading and Brokerage
| Lectures |
|---|
| 1. How investment banks profit from Trading and Brokerage- 3m 7s |
| 2. The different types of financial securities traded by investment banks- 4m 17s |
Asset Management
| Lectures |
|---|
| 1. Why hire Investment banks as asset managers?- 1m 32s |
| 2. A risk-return comparison of different investments- 2m 58s |
A step-by-step guide to Company Valuation
| Lectures |
|---|
| 1. Why value a company?- 1m 37s |
| 2. How much is a company worth for an investor?- 3m 13s |
| 3. The two variables that drive a firm's value- 1m 57s |
| 4. The mechanism of Unlevered Cash Flow Calculation- 4m 33s |
| 5. Introducing a discount factor - Weighted Average Cost of Capital- 3m 58s |
| 6. Calculating a firm's cost of debt- 55s |
| 7. Calculating a firm's cost of equity- 4m 41s |
| 8. Estimating a company's future cash flows- 2m 32s |
| 9. The two stages of a DCF model- 2m 24s |
| 10. Discounting cash flows and terminal value- 1m 44s |
| 11. Calculating Enterprise and Equity value- 1m 10s |
Financial Modeling fundamentals
| Lectures |
|---|
| 1. What is a Financial model?- 2m 2s |
| 2. Why use a Financial model?- 2m 35s |
| 3. Inefficient financial modeling practices- 5m 49s |
| 4. Efficient financial modeling practices- 4m 58s |
| 5. Different types of financial models we can build- 4m 42s |
| 6. The right level of detail we should use when building a 5 or 10-year model- 2m 35s |
| 7. The right way to approach the forecasting exercise- 2m 51s |
| 8. Building complete financial models- 2m 15s |
| 9. Forecasting P&L items- 5m 58s |
| 10. Forecasting Balance sheet items (1/2)- 2m 35s |
| 11. Forecasting Balance sheet items (2/2)- 5m 8s |
DCF Valuation - Introduction
| Lectures |
|---|
| 1. The stages of a complete DCF Valuation- 6m 16s |
| 2. Let's go through the structure of the DCF model we will create in Excel- 2m 53s |
| 3. A glimpse at the company we are valuing - Cheeseco- 1m 9s |
DCF Valuation - Forecasting of key P&L items
| Lectures |
|---|
| 1. Modeling the top line- 3m 39s |
| 2. This Is how you can build flexible financial models in Excel- 2m 12s |
| 3. Modeling other items: Other revenues and Cogs- 3m 46s |
| 4. Modeling other items: Operating expenses and D&A- 2m 33s |
| 5. Modeling Other Items: Interest expenses, Extraordinary items and Taxes- 2m 28s |
DCF Valuation - Forecasting of key Balance Sheet items
| Lectures |
|---|
| 1. How to forecast Balance Sheet items - The practical and easy to understand way- 43s |
| 2. Learn how to calculate "Days"- 1m 30s |
| 3. How to use "Days" to project the future development of BS items- 2m 23s |
| 4. Forecasting Property Plant & Equipment, Other assets and Other liabilities- 2m 27s |
DCF Valuation - Creating clean output sheets
| Lectures |
|---|
| 1. Excel best practices! Create a good-looking and clean output sheet in your model- 2m 36s |
| 2. Applying what we learned in practice - Populating the P&L sheet- 2m 14s |
| 3. This is how you can create a clean output Balance Sheet in your Financial Model- 1m 49s |
| 4. Completing the output BS sheet for the historical period- 3m 41s |
DCF Valuation - Calculating Unlevered Cash Flows and Net Cash Flow
| Lectures |
|---|
| 1. Learn how to calculate Unlevered Free Cash Flows- 3m 5s |
| 2. Important! Reconcile UFCF to Net Cash Flow- 1m 55s |
| 3. A very useful lesson! Cash flow calculation- 6m 1s |
| 4. Arriving to actual Net Cash Flow figures and performing a check with Cash- 3m 56s |
| 5. The fast and effective way to modify multiple cell references in Excel- 3m 52s |
DCF Valuation - Calculating Present Value of Cash Flows in the forecast period
| Lectures |
|---|
| 1. Introducing Weighted Average Cost of Capital (WACC) and perpetuity growth rate- 1m 56s |
| 2. Learn how to find the present value of future Cash Flows in Financial Models- 2m 50s |
DCF Valuation - Calculating Continuing Value,Enterprise Value and Equity Value
| Lectures |
|---|
| 1. Calculating Continuing Value and Enterprise value of the Business- 2m 17s |
| 2. Final steps! Calculating Equity Value of the business- 1m 22s |
DCF Valuation - Additional analyses accompanying the Financial Model
| Lectures |
|---|
| 1. Sensitivity analysis for WACC and perpetuity growth- 4m 17s |
| 2. An application of Goal Seek- 1m 40s |
| 3. Recap of the Financial Model with charts and hypothesis testing- 4m 38s |
Relative valuation – triangulating DCF results with multiples
| Lectures |
|---|
| 1. Why do we use multiples?- 3m 51s |
| 2. What types of multiples are there?- 2m 38s |
| 3. Finding the right comparable companies- 1m 43s |
| 4. The most widely used multiples- 3m 11s |
| 5. Best practices that ensure accurate calculation of multiples- 2m 2s |
A guide to Leveraged Buyouts
| Lectures |
|---|
| 1. What is an LBO?- 2m 5s |
| 2. The phases of an LBO process- 1m 44s |
| 3. When is an LBO a feasible option?- 3m 23s |
| 4. Making money in an LBO- 3m 53s |
| 5. Who are the lenders in an LBO?- 3m 58s |
LBO Valuation - Building a Leveraged Buyout model from scratch
| Lectures |
|---|
| 1. Introduction to the model we will build- 5m 4s |
| 2. Establishing the maximum amount of debt that can be used in the transaction- 4m 16s |
| 3. Financial sponsors' perspective- 2m 25s |
| 4. Forecasting financials until EBIT- 5m 17s |
| 5. The optimal debt structure- 2m 59s |
| 6. Estimating cash flows and debt payments- 3m 15s |
| 7. Completing the model for the period 2018-2021- 4m 17s |
| 8. Calculating Enterprise Value and IRR- 5m 1s |
| 9. Performing sensitivity analysis- 4m 2s |
