Course description
M&A Accounting and Analysis Fundamentals (1 day)
M&A Accounting
During this session participants learn the accounting rules to incorporate equity investments in the consolidated accounts and work on several examples by preparing proforma financials for a variety of cases. Complexities such as non-controlling interests and equity method investments (associates / affiliates), and their impact on earnings and cash flows are also covered.
M&A Analysis Fundamentals
This session covers the basic steps of analyzing an acquisition - covering the impact of a deal on the financial accounting statements with a particular focus on EPS, PE and contribution analysis. By the end of the session, the class builds an accretion / dilution model using EPS forecasts and acquisition assumptions, proforma leverage ratios and a proforma balance sheet.
Suitability - Who should attend?
- New hires who have joined the firm late and missed the in-house program
- Individuals looking to fill a knowledge gap
- Experienced bankers looking to refresh their technical skills
- Teams employed in financial strategy roles from non-banking corporations
- Graduates preparing to interview for a role in the finance sector
- Students at business school and looking for a career in finance
Prerequisite
A solid understanding of the topics covered by our courses in Financial Statement Analysis and Financial Modeling are desirable:
Financial Statement Analysis
- Accounting Fundamentals, the Income Statement and Working Capital
- Non-Current Assets, Cash Flow Statements, Debt and Equity
Financial Modeling
- Financial Modeling - Fundamentals
- Financial Modeling - Cash Sweep and Troubleshooting
- Financial Modeling - From Scratch
Training Course Content
M&A Accounting
Learning Outcomes
- Accounting rules for equity investments
- Fair value through profit and loss investments
- Available for sale investments
- Equity method investments (associates/affiliates)
- Proportional consolidation
- Full consolidation
- Non-controlling interest
- Consolidation of balance sheet and income statement
- Impact of an M&A transaction on earnings
- Goodwill calculations
- Goodwill impairment test
- The impact of deal financing
M&A Analysis Fundamentals
Learning Outcomes
- Big picture: what is the transaction impact on acquirer and target shareholders?
- Preparing key acquisition data
- Building a flexible funding structure
- Modeling acquisition adjustments
- Calculating the accretion/dilution effects of the deal
- Understanding the significance of relative P/Es
- Calculating and understanding contribution analysis
- Ownership issues
- Income statement contribution
- Credit issues and leverage ratios
- The strategic implication of different financing alternatives
- Synergies and synergies needed to break even
- Proforma balance sheet
- Sensitivity and scenario analysis
Course delivery details
While this is a face to face training course, a blended learning approach is taken and delegates will be provided with access to AMT Online. Our study materials contain both the knowledge and practice materials required to assist with the learning process and help you in your job role. Course materials include:
- e-binder
- laminated summary sheets
- 24/7 access to DELTA online learning environment
- class recordings
- course notes
- quizzes
- electronic homework/study files
About provider
AMT Training - Financial Modeling Courses
For over 20 years we have been equipping analysts and associates with core skills for banking and finance. Our clients include the top ten investment banks and some of the biggest private equity firms in the world. With offices in...
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Contact info
AMT Training
Reviews
Average rating 4.6
Based on 10 reviews.
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