• training@skillsforafrica.org

Financial Modeling And Evaluation Seminar


The course extends the core theory introduced in the Principles of Finance by emphasizing its practical application to strategic financial decisions and potential problems.


·       Understanding and analyzing income statements

·       Understanding and analyzing balance sheets

·       Understanding and analyzing cash flow

·       Understanding financial modeling usage in financial reporting

·       Use of Discounted Cash Flow (DCF) and Weighted Average Cost of Capital

·       Use of Excel in financial modeling


5 Days


The course targets financial analysts, Business entrepreneurs, accountants, bookkeepers, business managers, investment officers, and managing directors.


Introduction to evaluation

·       Importance of evaluation

·       Enterprise value and equity value

Comparable Company Analysis

·       Selection of companies that are comparable

·       Spreading of comparable companies

·       Analyzing the valuation multiples

·       Understanding value and making conclusions

Precedent Transaction Analysis

·       selection of transactions that are comparable

·       Spreading comparable transactions


Analysis of Discounted Cash Flows (DCF)

·       Unlevered free cash flow

·       Free cash flow forecasting

·       Terminal value forecasting

·       Presentation of value and discounting

·       Stub periods

·       Sensitivity analysis

Weighted Average Cost of Capital (WACC)

·       Estimating equity cost using CAPM

·       Estimating debt cost

·       Analysis of WACC

Building and Integrated Cash Flow Model

·       Introduction to financial modeling

·       Financial statement links

·       Understanding circularity

·       Set up and formation of the model

·       Selection of model drivers and assumptions

Modeling and Projecting the Financial Statements

·       Income statement projection

·       Balance sheet projection

·       Cash flow statement projection

·       Debt and interest schedule creation

·       Revolver modeling

Utilizing and Concluding the Model

·       Output analysis

·       Stress testing of the model

·       Fixing of modeling errors

·       Techniques of advanced modeling

·       Creating a Discounted Cash Flow (DCF) Analysis using the model


·       This course is delivered by our seasoned trainers who have vast experience as expert professionals in the respective fields of practice. The course is taught through a mix of practical activities, theory, group works and case studies.

·       Training manuals and additional reference materials are provided to the participants.

·       Upon successful completion of this course, participants will be issued with a certificate.

·       We can also do this as tailor-made course to meet organization-wide needs. Contact us to find out more: training@skillsforafrica.org

·        The training will be conducted at SKILLS FOR AFRICA TRAINING INSTITUTE IN NAIROBI KENYA.

·       The training fee covers tuition fees, training materials, lunch and training venue. Accommodation and airport transfer are arranged for our participants upon request.

·       Payment should be sent to our bank account before start of training and proof of payment sent to: training@skillsforafrica.org

Course Schedule
Dates Fees Location Apply
05/06/2023 - 09/06/2023 $1500 Mombasa Physical Class

Online Class
03/07/2023 - 07/07/2023 $2950 Kigali Physical Class

Online Class
07/08/2023 - 11/08/2023 $1350 Nairobi Physical Class

Online Class
04/09/2023 - 08/09/2023 $1500 Mombasa Physical Class

Online Class
02/10/2023 - 06/10/2023 $2950 Kigali Physical Class

Online Class
06/11/2023 - 10/11/2023 $1500 Mombasa Physical Class

Online Class
04/12/2023 - 08/12/2023 $1350 Nairobi Physical Class

Online Class