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 business 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.
The following related Logbook Tasks as part of a formal training programme may be considered for sign-off:
o Shares, goodwill, member interest
o Due diligence and Negotiations
o Deal breakers
o Various basic valuation techniques (when to issue and in which circumstances)
o Factors and external influences that will impact the calculated value of the business.
The trainee therefore needs to obtain successful sign off on this skill as "Competent".
The following activities will be performed by the trainee as part of their Portfolio of Evidence (POE) to assist the Overall Evaluator in assessing the trainees competence by combining it with his / her 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 as part of the post course work.
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 as part of the post course work.
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 delegates competency.
The Portfolio of Evidence to be submitted as agreed upon by the facilitator.
Trainees who have a basic understanding of the concepts of value and return and require a successful sign off as competent.
Delegates must have the following available on the course day:
o Own computers (PC or laptop) with Excel loaded onto the machine
o Proper internet connection (Wi-Fi or 3G) with sufficient data for the day
o USB headset with microphone and speaker Webcam (external or built-in)
For the engagement activities and tools, other devices such as the iPad or iPhone are not recommended.
o Google Chrome loaded to use break out facility
o Access to You Tube for the day (Please arrange with your IT manager)
Please ensure that you are logged in 15 minutes prior to the start of the session.
Pre-course work: 2 hours
Attendance (class) 7.5 hours
Post-course assessment: 3 hours