An engaged learning platform is provided which will have delegates participating on an interactive level with each other and the facilitator.
A safe learning environment is created whereby delegates will be introduced to useful interactivity tools such as tests, polls, breakouts and both audio and visual engagement activities. These tools will support the delivery of theory and understanding of the necessary principles of the course on a practical level.
On registration, all relevant course material and information will be made available online.
The course teaches the fundamentals of valuing businesses through a case study approach. It covers the different methodologies as delegates develop a valuation for an actual acquisition, using each component of the valuation: earnings, assets, free cash flows and required returns.
While the valuation of a businesses is often complex and challenging, trainee accountants should have basic exposure to practical application of the concepts. This is an essential skill for business leaders, to quantify shareholder value.
2016: SAICA Training Programme ‚¬â€œ Prescribed competencies (Residual Skills)
Task to be performed
Calculates or evaluates a reasonable range of values for a business or business units or components of a business, using different valuation techniques, and identifies the factors and external influences that will impact on the calculated value of the business
2012: SAICA Training Programme Ã¢â‚¬â€œ Prescribed competencies (Residual Skills)
Calculates a reasonable range of values for a business, using a combination of valuation techniques
According to the SAICA Training Regulations, trainees must gain a BASIC understanding of the concepts and techniques, and must be able to apply these concepts and techniques in simple, uncomplicated situations or environments
The following activities will be performed by the trainees as part of their Portfolio of Evidence (POE) to assist the training officer in assessing the trainees competence by combining it with their existing knowledge of the trainees work performance and tasks performed at the workplace:
1. Delegates are required to read the following two documents prior to the commencement of the course:
a. Pre-reading: Due Diligence
b. Pre-reading: Negotiations
2. Case study 1: Delegates are required to provide a list of all the reasons of why they think it might be necessary to value a business. This case study needs to be completed prior to the commencement of the course.
3. Case study 2: Delegates are required to identify deal breakers and to provide possible solutions for the deal breakers identified. This case study needs to be completed prior to the commencement of the course.
4. The different valuation techniques are discussed during the morning session.
5. Case study 3: Delegates are required to determine the future value of an amount using Excel.
6. Case study 4: Delegates are required to determine the present value of an amount using Excel.
7. Case study 5: Delegates are required to calculate the Net present Value of a range of amounts using Excel.
8. Case study 6: Delegates are required to calculate a Free Cash Flow Forecast.
9. Case study 7: Delegates are required to value a company by using the Free Cash Flow Forecast as well as calculating a terminal value.
10. Case study 8: Delegates are required to determine how much they will be willing to pay for a company that will generate a certain amount of income per annum.
11. Case study 9: Delegates are required to value a company by calculating the Net Present Value of future Cash Flows.
12. Case study 10: Delegates are required to determine the value of a company using the asset based approach.
13. Case study 11: Delegates are required to determine the value of a company using the income approach.
Case study 12, 13 and 14: Delegates are required to perform a business valuation on their own for submission to the Registered Assessor for a final rating about the delegatefs competency.
The Portfolio of Evidence to be submitted on the day of the course.
Delegates who have a basic understanding of the concepts of value and return and require a level 4 rating.
The hosting organisation is responsible for the following:
Own computers (PC or laptop) with Excel loaded onto the machine
Internet Connection (Wi-Fi or 3G) with sufficient data for the day
USB headset (microphone, speakers) for each delegate
Webcam (external or built-in) for each delegate
For the engagement activities and online tools, other devices such as the iPad and iPhone are not recommended.
Please ensure that the pre-course work has been completed prior to attending the course.
Please ensure that you are logged in 15 minutes prior to the start of the session.