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 Statment 

  • 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