Day 1 Analysis of Financial Statements
Understanding the terms and steps associated with analyzing financial statements, including the income statement, the balance sheet and the cash flow statement. By the end of the course, students will have a better picture of what is required in analyzing financial statements and know how to explain their interpretations of the financial information. Financial analysis makes extensive use of financial ratios which are the main tools for evaluating corporate entities. Participants are exposed to techniques by which financial ratios are used to obtain estimates of the forecasted growth rates for corporate earnings and how these estimates can accurate with the aid of pro forma financial statements.
Day 2 Fundamentals of Equity Valuation
This course covers the various models available for equity valuation. Included are discussions of the dividend discount model, Porter analysis, DuPont decomposition of ROE, sustainable growth rates, and relative valuation. The major deliverable for this course is a comprehensive analysis of a public
company, modeled after the well-known Merck case study. Also required is a complete analysis of a convertible bond
Day 3 Portfolio Management Theory
The module focuses on the management of financial resources by individuals and institutions. A major goal of the course is to provide you with hands-on exposure to the process of portfolio management. To this end, we will discuss a number of portfolio exercises, which deal with "real world" problems. Topics to be covered in this course include: Modern Portfolio Theory, Active Portfolio Management, Behavioral Finance, Risk Management (Value at Risk), International Portfolio Management and Performance Evaluation
Day 4 Technical Analysis for the Market Analyst
This module examines the basic beliefs of technical analysts, the history of technical analysis, the method of bar chart construction, and the fundamental principles of technical analysis as applied to these types of charts including support, resistance, trend lines, gaps of various sorts, price patterns, on balance volume, and simple moving average models. The goal is to give the candidate a foundation in the principles of technical analysis if that is all he or she needs, but also to set the stage for more advanced theory use in technical analysis. Topics covered would expose the candidate to: trend lines, stochastics, relative strength index, momentum, Bollinger Bands, moving averages, candlestick charts, put call ratios, on balance volume, and directional movement study.
Day 5 Global Economics and Financial Markets -
Macro and Micro Graduate Overview
This module offers a basic overview of global financial institutions and markets. This section will examine the underlying economic processes and factors that drive the markets, such as capital formation, demand for credit, and funding issues. It also examines global regulatory structures governing the markets with emphasis on the role of the Federal Systems EU US and other. Discussion focuses on global banking systems; the disintermediation of U.S. commercial banks, exchanges, and other financial institutions; and the equity (common and preferred stock, IPOs), government bond, and foreign currency markets. The role of monetary and fiscal policies in efficient markets, including rational and adaptive expectations and equilibrium frameworks. The candidate would be exposed to macroeconomic determinants of exchange rates and interest rates and the development of economic growth theory with particular emphasis on the role of capital markets in the growth process.