ICWA FINAL FINANCIAL ANALYSIS

Study Note 1 : Financial Modeling for Project Appraisal 

• Financial Statements Module Area
• Financial modeling – Concepts and Application
• Use of Functions Like Net Present Value (NPV), Internal Rate of Return (IRR), Etc.,
• Forecasting Techniques
• Financial Analysis
• Financial Statement Analysis

Study Note 2 : The Analysis of the Statement of Shareholders’ EquitySection –A 

• The Analyst’s Checklist
• Reformulating the Statement of Owners’ Equity
• Comprehensive Income Reporting
• Financial Analysis — Ratio Analysis and Report Writing
• Miscellaneous Problems

Study Note 3 : The Analysis of the Balance Sheet and Income Statement 

• The Analyst’s Checklist
• Reformulation of the Balance Sheet
• Reformulation of the Income Statement
• Comparative Analysis of the Balance Sheet and Income Statement
• Analysis of Changes in Income
• Distress Analysis
• Off Balance Sheet Items
• Corporate Debt Instrument Analysis (Bond Analysis)
• Miscellaneous Problems

Study Note 4 : The Analysis of the Cash Flow Statement 

• The Analyst’s Checklist
• GAAP Statement of Cash Flows And Reformulated Cash Flow Statements
• Analysis of Cash Flow Statement
• Quality of Earnings and Cash Flows
• Miscellaneous Problems

Study Note 5 : The Analysis of Profitability. 

• The Analyst’s Checklist
• Cutting to the Core of Operations: The Analysis of Profitability
• Du Pont Analysis
• Miscellaneous Problems

Study Note 6 : The Analysis of Growth and Sustainable Earning 

• The Analyst’s Checklist
• Introduction to Growth Analysis
• The Analysis of Changes in Profitability and Sustainable
• Earnings
• The Analysis of Growth in Shareholders’ Equity
• Growth, Sustainable Earnings, and the Evaluation of P/B Ratios and P/E Ratios

SECTION B – BUSINESS VALUATION

Study Note 7 : Valuation Basics 

• Basis for Valuation – Introduction
• Principles and Techniques of Valuation
• Role of Valuation

Study Note 8 : Valuation Models 

• Valuation Models – Introduction
• Discounted Cash Flow Valuation
• Relative Valuation
• Free Cash Flow Valuation
• Valuation of Firm – Other Valuation Basis
• Contingent Claim Valuation

Study Note 9 : Mergers and Acquisitions : Valuation 

• Business Strategy
• Basics of Merger & Acquisition
• Theories of Merger & Acquisition
• Strengths And Weaknesses of Various Methods of Business Valuation
• Concepts of Value in the Context of Mergers and Acquisition
• Approaches to Valuation in Case of M&A
• Selection of Appropriate Cost of Capital For Valuation
• Forms of Consideration and Terms of Acquisition
• Implication of Regulations for Business Combinations
• Takeover
• Post-Merger Integration Process
• Types of Exit Strategies and Their Implications
• Shareholder Value Analysis
• Exchange Ratio-Based Used for Computation

Study Note 10 : VALUATION of Assets and Liabilities 

• Forms of Intellectual Property and Methods of Valuation
• Valuation of Fixed Assets
• Valuation of Inventories
• Valuation of Investments
• Valuation of Share
• Human Resource Accounting
• Valuation of Goodwill, Patents and Copyrights
• Valuation of Brands
• Valuation of Real Estate
• Valuation of Liabilities
• MM Hypothesis