Level 1 - 68 Hours
Weekend Batch - Saturday and Sunday (5 Hour session)
www.imarticus.org
Instructor Led Training
(Either in Classroom or
Online Live classes)
IFAP Landscape (2 Hours)
4 Financial Analysis Landscape
4 Top Line vs Bottom Line
4 Vehicles of Growth
4 Strategic Rationale For M&A
4 Valuation in M&A: How Much Will You Pay?
4 What is M&A?
4 Types of M&A
4 Indian M&A Market
4 Private Equity In India
4 Whar does a PE analyst Do?
4 Why allocate assets to PE
4 Investment parameters of private Equity
Investors
4 Peculiarities of Private Equity Investors
4 Benefits of Private Equity
4 The Issue with Private Equity
On Registration
Videos to Watch Before
the Next Session (Will be
released one week prior)
Financial Analysis Prodegree
Program Schedule
www.imarticus.org
Instructor Led Training Videos to Watch
Principles of Accounting (2 Hours)
4 The Accounting Process
4 Who uses Accounts?
4 Accounting & Book-Keeping
4 Financial Terminologies
4 Accounting Concepts
4 Qualities of Accounting Information
4 Questions asked by Internal and External
Users, Conflict of Interest
4 Managerial vs. Financial Accounting,
Accounting vs. Bookkeeping
4 The use of GAAP
4 Building blocks of Accounting
Day 1
Day 2
Financial Analysis Landscape (5 Hours)
4 Financial Analysis Landscape
4 Basics of Corporate Finance
4 Introduction to M&A
4 Introduction to Private Equity
4 Introduction to Equity Research
4 Current Indian Scenario: Investment
Banking, Equity Research, Credit Research
Specific Financial Items and Financial
Statement Preparation (1 Hour)
4 Financial Statements - Balance Sheet,
Profit and Loss and Cash Flow
4 Understanding Revenues and Expenses
4 Transaction Analysis
4 The Recording Process
Principles of Accounting (5 Hours)
4 The Accounting Process
4 Who uses Accounts?
4 Accounting & Book-Keeping
4 Financial Terminologies
4 Accounting Concepts
4 Basic Accounting Equation
4 Accounting principles and conventions
4 Hindalco: Walk ‐ through of financial
statements
Day 3
Ratio Analysis (5 Hours)
4 Du-pont Analysis
4 Definitions of Ratios
4 Liquidity Ratios
4 Asset Management Ratios
4 Debt Management Ratios
4 Profitability Ratios
Specific Financial Items and Financial
Statement Preparation (5 Hours)
4 Financial Statements - Balance Sheet,
Profit and Loss and Cash Flow
4 Understanding Revenues and Expenses
4 The Accounting Cycle
4 Understanding Consolidated Accounts
Financial Analysis Prodegree
Program Schedule
www.imarticus.org
Instructor Led Training Videos to Watch
4 When to use Which Ratios
4 Case Studies in Ratio Analysis
Day 4
4 Tangible Assets
4 Goodwill
4 Depreciation
4 Investments
4 Deferred Taxesstatements
Excel Basics (3 Hours)
4 Spreadsheet vocabulary review
4 Explore the User Interface
4 Work with the Ribbon
4 Work with Contextual Tabs
4 Customize the Excel Interface
4 Creating Spreadsheets
4 Cell Formatting
4 Logical Functions (IF, Nested IF,
AND,OR,NOT,IFERROR)
4 Date and time functions (TODAY, NOW,
YEAR, EDATE, EOMONTH, DAY & DATEDIF)
4 Text Functions (TEXT, LEFT, RIGHT, MID &
CONCATENATE)
4 Statistical Functions (COUNT, COUNTA,
COUNTBLANK, COUNTIF & SUMIF)
Ratio Analysis (5 Hours)
4 Du-pont Analysis
4 Definitions of Ratios
4 Liquidity Ratios
4 Asset Management Ratios
4 Debt Management Ratios
4 Profitability Ratios
4 When to use Which Ratios
4 Case Studies in Ratio Analysis
Day 5
Advanced Excel (3 Hours)
4 Custom List
4 Goal Seek
4 Macros
4 Pivot Tables
4 Scenarios
4 Consolidation
4 Data Cleaning
4 Data Manipulation
Excel Basics (2 Hours)
4 Spreadsheet vocabulary review
4 Explore the User Interface
4 Work with the Ribbon
4 Work with Contextual Tabs
4 Customize the Excel Interface
4 Creating Spreadsheets
4 Cell Formatting
4 Logical Functions
4 Date and Time
4 Statistical Functions
4 Frequently used shortcuts
Financial Analysis Prodegree
Program Schedule
www.imarticus.org
Instructor Led Training Videos to Watch
Day 5
Day 6
Advanced Excel (3 Hours)
4 Data Validation
4 Templates
4 Custom List
4 Goal Seek
4 Scenarios
4 Consolidation
4 Data cleaning
4 Data Manipulation
4 Pivot Tables
4 Macros
Forecasting and Financial Modeling
(3 Hours)
4 Basics of Financial Modeling
4 Comparison Between Financial Model &
4 Normal MS Excel Calculations
4 Components of Financial Modeling
4 Financial Modeling Requirements
4 Types of Data
4 Types of Variables
4 Growth Rates and Proportions
4 BEDMAS Principle
Ratio Analysis and Consolidation (2 Hours)
4 Consolidation of Financial Statements
4 Case Study on Consolidation
4 Simple Consolidation
4 Preparing Consolidated Statements
Forecasting and Financial Modeling
(3 Hours)
4 Modeling income and expenses
4 Modeling non-operating expenses
4 Overview of FX, Risk and Hedging
4 Associates
4 Overview of Extraordinary Expense
4 Below the Line Adjustments
4 Modeling EPS and DPS
4 Overview of EPS
Forecasting and Financial Modeling
(3 Hours)
4 Objectives of Forecasting
4 Understanding Business Model
4 Basics of Financial Modeling
4 How to create a basic IB financial model
Financial Analysis Prodegree
Program Schedule
www.imarticus.org
Instructor Led Training Videos to Watch
4 Basic vs Diluted EPS
4 Identifying Dilutive EPS and Modeling
4 Dividend Decisions and Modeling
4 Modeling Working Capital
4 Overview of Working Capital
4 Working Capital Ratios
4 Forecasting Working Capital
Day 7
Forecasting and Financial Modeling
(5 Hours)
4 Real Life Case Study
4 Build an Integrated Financial Model for
Colgate Palmolive Limited - a Publicly
Listed Company
4 Convert the Single Step Historical Income
Statement Captured in the Excel File into a
Multi-step Income Statement
4 Set up a Separate Assumption and
Analysis Sheet and Capture Necessary
Ratios
4 Assume growth rates and proportions for
forecast years take cue from historical
ratios
4 Model Income Statement, Balance Sheet
and Cash Flow
4 Ensure that the Assets and Liabilities
match
Financial Analysis Prodegree
Program Schedule
www.imarticus.org
Instructor Led Training Videos to Watch
44 Hours - Instructor Led Training
Day 9
Evaluation - 1 (5 Hours)
4 Semester 1 Evaluation on Accounts and
Financial Landscape - Objective and
Subjective Test Paper
Corporate Strategy (2 Hours)
4 The BCG Growth-Share Matrix
4 Mahindra & Mahindra Case Study
4 Product Life Cycle
4 Finding, Strategies and Suggestions
Guest lecture and Open House (4 Hours)
4 Guest Lecture by EY leadership
4 Open House with Faculty for Doubt
Clearing
24 Hours - Videos to Watch
End of Level 1
Day 8
Financial Analysis Prodegree
Program Schedule
www.imarticus.org
Level 2 - 65 Hours
Instructor Led Training Videos to Watch
Session 1 Valuation Basics (3 Hours)
4 Basic Approaches to Valuation
4 Key Valuation Terms
4 Approaches to Valuation
4 Relative Valuation
4 DCF and Other Intrinsic Valuation
4 Trading Comps and Peer Valuation
Corporate Strategy (5 Hours)
4 Porter’s Five Forces
4 Structural Determinants
4 SWOT Analysis
4 PEST Analysis
4 The Product Life Cycle and the Boston
Matrix
4 Identifying Key Success Factors and Core
Competencies
4 Case Study: Smart Phone Application
4 Class Exercise: What strategy has Flipkart
adopted?
Day 10
Day 11
Session 2 Valuation Basics (3 Hours)
4 Transaction comps
4 Steps in Valuation Using Trading
Comparables
4 Understanding Time Value of Money
4 Sensitivity Analysis
4 What Return Should A Firm Expect?
4 Growth Models
Valuation Basics (2 Hours)
4 Introduction to Valuation
4 Different approaches to Valuation
4 Arriving at Cashflows and Growth rates
for valuation
Valuation Advanced (3 Hours)
4 Calculating Terminal Value
4 Treatment of specific financial items
4 Choosing Tax Rates
Financial Analysis Prodegree
Program Schedule
www.imarticus.org
Instructor Led Training Videos to Watch
Day 12
Day 13
Cost of Capital (5 Hours)
4 Cost of New and Existing Debt
4 Cost of Equity – CAPM Model
4 The Risk-Free Rate in Practice
4 The Market Risk Premium: Historical
Premium Approach
4 Types of Risk and Estimating Beta
4 Cost of Equity – Companies with Country
Risk Exposure
4 Correlating the Cost of Capital to Valuation
4 Calculation of WACC
4 Levered and Unlevered Beta
Business Communication (3 Hours)
4 Business Communication
4 Body Language Primer
Firm Valuation Models (3 Hours)
4 FCFF Valuation (Single-Stage, Two-Stage,
Three Stage)
4 APV Valuation
4 Sector Specific Multiples
4 Relative Valuation for a Listed and
Unlisted Company
4 Comparison with Intrinsic (Cash Flow
based) Valuation
Equity Valuation - Methods (3 Hours)
4 Equity Valuation Models: Strengths,
Caveats, Application
4 Dividend Discount Models
4 FCFE Models
Equity Valuation - Methods (2 Hours)
4 DDM (Single-Stage, Two-Stage, Three-
Stage, “H” Growth Model)
4 FCFE (Single-Stage, Two-Stage, Three
Stage)
4 FCFE Valuation vs. DDM
Firm Valuation Models (2 Hours)
4 Which cash flow should I discount?
4 Which Growth Pattern Should I use?
4 What discount rate should I use?
4 Case studies of companies valued: ABN
Amro, Nestle, DaimlerChrysler,
Amazon.com
Financial Analysis Prodegree
Program Schedule
www.imarticus.org
Instructor Led Training Videos to Watch
Day 14
Business Communication (2 Hours)
4 Business Communication
4 Email/Chat/Telephone Etiquette
4 Listening/Questioning Skills
4 Interpersonal Skills
Aptitude (5 Hours)
4 Quantitative Aptitude Training
4 Trains, Time and Work
4 Profit and Loss
4 Ages
4 Permutation and Combination
4 Chain Rule
4 Alligations
4 Time and Distance
4 Simple Interest
4 Partnership
4 Surds and Indices
4 Pipes and Cisterns
4 Logarithms, Probability,
4 Percentages and Ratio and Proportion
Resume Writing (3 Hours)
4 The Why, The What and the How of
Resumes
4 Personal Branding
4 Tips and Resources
4 Interview Skills
4 Using Social Media
4 CV Discussion
Aptitude (5 Hours)
4 Verbal Aptitude:
Synonyms, Antonyms, Error Spotting,
Sentence Arrangement, Fill the blanks,
Replacing the Phrase,Comprehension, etc.
Logical Reasoning:
Assumptions, Course of Action, Seating
Arrangement, Encoding & Decoding,
Analogy, Blood Relation Questions.
Day 15
4
Financial Analysis Prodegree
Program Schedule
www.imarticus.org
Instructor Led Training Videos to Watch
44 Hours - Instructor Led Training
Day 17
Technical Skills - Powerpoint (5 Hours)
4 Working with Shapes
4 Keeping the Audience/Reader on Track
4 Working with Pictures
4 Avoiding “Death by Bullet” Mini-Series
4 Working with Tables, Charts - Choosing the
Most Appropriate Chart & Constructing it
4 Making the Chart more Communicative
4 Animation
4 Other Best Practices
4 Case Studies & Before vs. After Examples
Evaluation - 2 (5 Hours)
4 Semester 2 Evaluation on Valuation
21 Hours - Videos to Watch
End of Level 2
Day 16
Day 18
Guest lecture and open house (4 Hours)
4 Guest Lecture by EY leadership - Topic:
Challenges/Caveats in Valuation
Open House with Faculty for Doubt Clearing
Transaction Execution (2 Hours)
4 Typical Private Equity fund raise process
4 The Science – Technical closure details
Financial Analysis Prodegree
Program Schedule
www.imarticus.org
Level 3 - 47 Hours
Instructor Led Training Videos to Watch
Introduction to Equity Research (5 Hours)
4 Overview of Equity
4 Research business
4 Job of an Equity Research Analyst
4 Types of research reports
4 Approach to analyze a business
4 Ecosystem of Asset Management
4 Buy side, Sell Side Jobs - Incentives, Work
Profile, Requirements
4 Business Model Snapshot
Transaction Execution (4 Hours)
4 M&A Transaction Process
4 How to Make a Pitch Presentation
4 LBO and Financing Basics
4 Basics of Documentation
4 Due Diligence: What Should You Look Out
For?
4 Planning Post-acquisition Integration
Day 19
Day 20
Introduction to Equity Research
(5 Hours)
4 Unravelling Colgate
4 Primer on Equity Research
4 Techniques of Relative Valuation
4 Walkthrough a maintenance Research
Report
4 Tips on Effective Research Writing
One-One Presentations (2 Hours)
4 One-on-one presentation of individual
assignment
Day 21
Financial Analysis Prodegree
Program Schedule
www.imarticus.org
Instructor Led Training Videos to Watch
Day 22
Guest lecture by EY + Business Writing &
Storyboarding (5 Hours)
4 Preparation
4 Establishing the Purpose of Collateral with
Regard to the Audience
4 Identifying the Specific Needs of the
Audience
4 What is the Scope of Coverage?
4 Selecting and Understanding the Medium
of Communication
4 Brief Introduction to Various Mediums of
Brochure, Newsletters, Email and their
Uses
4 Persuasion and Promotion Writing
4 Research
4 Note Taking
4 Brain Storming and The Art of Mind
Mapping
4 In class Mind Mapping Exercise
Day 23
Final Project Presentation (5 Hours)
4 Final Project Submission in Front of Your
Peers While Industry Experts Evaluate Your
Project Work with Constructive Criticism
Interview Preparation - HR (3 Hours)
4 Business Etiquette
4 Interview Preparation
4 Stage 1 - Preparation
4 Stage 2 - First Impressions Count
4 Stage 3 - The Interview
4 Stage 4 - The Final Stage
4 How To Ace The 50 Most Common
Interview Questions
Day 24
Financial Model Presentation (5 Hours)
Financial Analysis Prodegree
Program Schedule
Financial Analysis Prodegree
Program Schedule
www.imarticus.org
Instructor Led Training Videos to Watch
39 Hours - Instructor Led Training
Day 26
Day 27
Interview Preparation - HR (2 Hours)
4 Types of Interviews
4 What to Do Before an Interview
4 What to Do After an Interview
4 Follow-up Etiquette
4 Body Language - Dos and Donts
Interview Preparation - Domain (3 Hours)
4 Experts Guide You on How to Prepare for
Technical Interview Round with Tips, Tricks
and a Quick Refresher on Concepts Learnt
8 Hours - Videos to Watch
End of Level 3
Day 25
Mock Interviews - HR and Domain with
Internal Faculty (4 Hours)
4 1:1 or Panel Mock Interviews with Faculty
to Clear the HR and Technical Round of
Interviews to Give You Confidence to Face
Real World Scenarios
Mock Interviews - HR and Domain Facing
External Industry Experts (4 Hours)
4 1:1 or Panel Mock Interviews with Industry
Veterans to Clear the HR and Technical
Round of Interviews to Give You
Confidence to Face Real World Scenarios
Total 127 Hours - Instructor Led Training Total 53 Hours - Videos to Watch