M&A Accounting and Analysis Fundamentals (1 day)
London
Greater London
E1 8QS
United Kingdom
What You Will Learn :
- Big picture: what is the transaction impact on acquirer and target shareholders?
- Preparing key acquisition data
- Calculating the accretion/dilution effects of the deal
- Understanding the significance of relative P/Es
Requirements:
- A solid understanding of the topics covered by our courses in Financial Statement Analysis and Financial Modeling are desirable:
Description
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.
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
Who is this course for?
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