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Course name Finance Courses The Financial Environment and Investment Course: The Financial Environment & Investment Course

The Financial Environment and Investment Course Video Course

The Financial Environment and Investment Course Video Course is developed by Finance Courses Professionals to help you pass the The Financial Environment and Investment Course exam.

You Will Learn:

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Description

This course will improve your knowledge and skills required to pass The Financial Environment & Investment Course exam.

Curriculum For This Course

  • 1. The ascendance of investment banking services 5 Videos 00:16:14
    • The importance of history, name, tradition, and reputation 02:28
    • Early origins of investment banking services 05:55
    • What is the difference between commercial and investment banking? 02:15
    • Why do universal banks have a competitive advantage? 03:26
    • Intrinsic conflicts of interest and the role of Chinese walls 02:06
  • 2. The four main areas of investment banking activity 4 Videos 00:22:27
    • Capital Markets - raising equity and debt capital 07:20
    • Advisory - M&A and Restructuring services 07:55
    • Trading and Brokerage - trading with financial securities 03:11
    • Asset Management - the ability to use money to make more money 04:03
  • 3. Capital Markets – Equity Capital Markets 7 Videos 00:20:06
    • Why would a company want to go public? 02:25
    • Who are the investors in an IPO? 03:05
    • Coming up with a share price 03:49
    • What does an IPO timetable look like? 03:52
    • The IPO syndicate - members and responsibilities 03:09
    • Allocating shares to investors - who gets what 01:48
    • Other ways to place equity capital - SEOs and Private Placements 01:32
  • 4. Capital Markets – Debt Capital Markets 5 Videos 00:16:23
    • The four different types of bonds 02:41
    • Why issue a bond? 03:52
    • The mechanics of a bond offering. Process description 03:58
    • What is securitization and why can it be useful? 03:21
    • Loan Syndication - a preferred instrument for most banks nowadays 02:33
  • 5. Advisory Services – Mergers and Acquisitions 7 Videos 00:22:49
    • Why acquire another company? 05:34
    • Describing the typical deal lifecycles and buyer companies 03:16
    • The three types of M&A processes 02:51
    • A detailed description of an M&A process 00:39
    • Valuation of target companies 03:59
    • Payment options in M&A deals 04:10
    • Financial vs. Corporate Buyers 02:23
  • 6. Advisory Services – Restructuring 2 Videos 00:06:60
    • Restructuring services - why and when 02:10
    • The different types of Restructuring 04:51
  • 7. Trading and Brokerage 2 Videos 00:07:24
    • How investment banks profit from Trading and Brokerage 03:07
    • The different types of financial securities traded by investment banks 04:17
  • 8. Asset Management 2 Videos 00:04:30
    • Why hire Investment banks as asset managers? 01:32
    • A risk-return comparison of different investments 02:58
  • 9. A step-by-step guide to Company Valuation 11 Videos 00:28:41
    • Why value a company? 01:37
    • How much is a company worth for an investor? 03:13
    • The two variables that drive a firm's value 01:57
    • The mechanism of Unlevered Cash Flow Calculation 04:33
    • Introducing a discount factor - Weighted Average Cost of Capital 03:58
    • Calculating a firm's cost of debt 00:55
    • Calculating a firm's cost of equity 04:41
    • Estimating a company's future cash flows 02:32
    • The two stages of a DCF model 02:24
    • Discounting cash flows and terminal value 01:44
    • Calculating Enterprise and Equity value 01:10
  • 10. Financial Modeling fundamentals 11 Videos 00:41:24
    • What is a Financial model? 02:02
    • Why use a Financial model? 02:35
    • Inefficient financial modeling practices 05:49
    • Efficient financial modeling practices 04:58
    • Different types of financial models we can build 04:42
    • The right level of detail we should use when building a 5 or 10-year model 02:35
    • The right way to approach the forecasting exercise 02:51
    • Building complete financial models 02:15
    • Forecasting P&L items 05:58
    • Forecasting Balance sheet items (1/2) 02:35
    • Forecasting Balance sheet items (2/2) 05:08
  • 11. DCF Valuation - Introduction 3 Videos 00:10:17
    • The stages of a complete DCF Valuation 06:16
    • Let's go through the structure of the DCF model we will create in Excel 02:53
    • A glimpse at the company we are valuing - Cheeseco 01:09
  • 12. DCF Valuation - Forecasting of key P&L items 5 Videos 00:14:38
    • Modeling the top line 03:39
    • This Is how you can build flexible financial models in Excel 02:12
    • Modeling other items: Other revenues and Cogs 03:46
    • Modeling other items: Operating expenses and D&A 02:33
    • Modeling Other Items: Interest expenses, Extraordinary items and Taxes 02:28
  • 13. DCF Valuation - Forecasting of key Balance Sheet items 4 Videos 00:07:03
    • How to forecast Balance Sheet items - The practical and easy to understand way 00:43
    • Learn how to calculate "Days" 01:30
    • How to use "Days" to project the future development of BS items 02:23
    • Forecasting Property Plant & Equipment, Other assets and Other liabilities 02:27
  • 14. DCF Valuation - Creating clean output sheets 4 Videos 00:10:20
    • Excel best practices! Create a good-looking and clean output sheet in your model 02:36
    • Applying what we learned in practice - Populating the P&L sheet 02:14
    • This is how you can create a clean output Balance Sheet in your Financial Model 01:49
    • Completing the output BS sheet for the historical period 03:41
  • 15. DCF Valuation - Calculating Unlevered Cash Flows and Net Cash Flow 5 Videos 00:18:49
    • Learn how to calculate Unlevered Free Cash Flows 03:05
    • Important! Reconcile UFCF to Net Cash Flow 01:55
    • A very useful lesson! Cash flow calculation 06:01
    • Arriving to actual Net Cash Flow figures and performing a check with Cash 03:56
    • The fast and effective way to modify multiple cell references in Excel 03:52
  • 16. DCF Valuation - Calculating Present Value of Cash Flows in the forecast period 2 Videos 00:04:46
    • Introducing Weighted Average Cost of Capital (WACC) and perpetuity growth rate 01:56
    • Learn how to find the present value of future Cash Flows in Financial Models 02:50
  • 17. DCF Valuation - Calculating Continuing Value,Enterprise Value and Equity Value 2 Videos 00:03:38
    • Calculating Continuing Value and Enterprise value of the Business 02:17
    • Final steps! Calculating Equity Value of the business 01:22
  • 18. DCF Valuation - Additional analyses accompanying the Financial Model 3 Videos 00:10:35
    • Sensitivity analysis for WACC and perpetuity growth 04:17
    • An application of Goal Seek 01:40
    • Recap of the Financial Model with charts and hypothesis testing 04:38
  • 19. Relative valuation – triangulating DCF results with multiples 5 Videos 00:13:41
    • Why do we use multiples? 03:51
    • What types of multiples are there? 02:38
    • Finding the right comparable companies 01:43
    • The most widely used multiples 03:11
    • Best practices that ensure accurate calculation of multiples 02:02
  • 20. A guide to Leveraged Buyouts 5 Videos 00:15:03
    • What is an LBO? 02:05
    • The phases of an LBO process 01:44
    • When is an LBO a feasible option? 03:23
    • Making money in an LBO 03:53
    • Who are the lenders in an LBO? 03:58
  • 21. LBO Valuation - Building a Leveraged Buyout model from scratch 9 Videos 00:36:38
    • Introduction to the model we will build 05:04
    • Establishing the maximum amount of debt that can be used in the transaction 04:16
    • Financial sponsors' perspective 02:25
    • Forecasting financials until EBIT 05:17
    • The optimal debt structure 02:59
    • Estimating cash flows and debt payments 03:15
    • Completing the model for the period 2018-2021 04:17
    • Calculating Enterprise Value and IRR 05:01
    • Performing sensitivity analysis 04:02