Certified Financial Valuation Analyst

TABLE OF CONTENT

Introduction To Investing And Valuation

•  Investment Style
•  Investment Style and Fundamental
•  Investors, Firms Securities, and Capital Markets
• The Business of Analysis
• The Analysis of Business
• Choosing a Valuation Technology

Introduction To The Financial Statements    

• The Form of the Financial Statements
• Measurement in the Financial Statements

How Financial Statements Are Used In Valuation

• Multiple Analysis 
• Asset-Based Valuation
• The Architecture of Fundamental Analysis

Cash and Accrual Accounting, And Discounted Cash Flow Valuation

• The Dividend Discounts Model
• The Discounted Cash Flow Model
• Reverse Engineering Converting a Price to a Forecast
• Simple Valuation Models
• The Statement of Cash Flows
• Cash Flow, Earnings, and Accrual Accounting Earnings and Cash Flows

Pricing Book Values

• The Price-to Book Ratio Concept
• Prototype Valuations
• A Model for Anchoring Value on Book Value
• Applying the Model to Equities
• Applying the Model to Projects and Strategies
• Features of the Residual Earnings Model
• Reverse Engineering the Model foe Active Investing

Pricing Earnings

• The Concept behind the Price-Earnings Ratio
• Prototype Valuation
• A Model for Anchoring Value on Earnings
• Applying the Model to Equities
• Features of the Abnormal Earnings Growth Model
• Reverse Engineering the Model for Active Investing

Business Activities and Financial Statements

• The Cash Flows
• All Stocks and Flows
• Accounting Relations that Govern Reformulated Statements

The Analysis Of The Statement Of Shareholder’s Equity

• Reformulating the Statement of Owners' Equity
• Dirty-Surplus Accounting
• Ratio Analysis
• Hidden Dirty Surplus

The Analysis Of The Balance Sheet And Income Statement

• Reformulation of the Balance Sheet
• Reformulation of Income Statement
• Comparative Analysis of the Balance Sheet
• Ratio Analysis

The Analysis Of The Cash Flow Statement

• The Calculation of Free Cash Flow
• GAAP Statement of Cash Flows and Reformulated Cash Flow statements
• Cash Flow from Operations

The Analysis of Profitability

• Cutting to the Core of the Operations
• Distinguishing Financing and Operating Activities
• Drivers of Operating Profitability
• Profit Margin Drivers

The Analysis of Growth and Sustainable Earnings

• What Is Growth?
• The Analysis of Changes in Profitability
•  The Analysis of Growth in Shareholders' Equity
•  Growth Sustainable Earnings and the Evaluation of P/B Ratios and P/E Ratios

The Value of Operations 

• A Modification to Residual Earrings Forecasting Residual Operating Income
• Modification to Abnormal Growth in Operating Income
• The Cost of Capital and Valuation
• Financing Risk and Return and the Valuation of Equity
• Mark-to-Market Accounting

Simple Forecasting and Simple Valuation

• Simple Forecasts and Simple Valuations form Financial Statements
• Adding Speculation to Financial Statement Information
• The Applicability of Simple Valuations
• Simple Valuations with Short-Term
• Simple Valuation as an Analysis Tool 

Full-Information Forecasting, Valuation, And Business Strategy Analysis

• Financial Statement Analysis
• Full- Information Forecasting and Pro Forma Analysis
• Value Generated in Share Transactions
• Financial Statement Indicators and Red Flags
• Business Strategy Analysis and Pro Forma Analysis

Creating Accounting Value and Economic Value

• Value Creation and the Creation of Residual Earnings
• Accounting Methods, P/B Ratios, P/E Ratios, and the Valuation of the Going Concern
• Hidden Reserves and the Creation of Earnings
• Conservative and Liberal Accounting
• Accounting Methods and the Forecast Horizon 

Analysis Of The Quality Of Financial Statements

• What is Accounting Quality?
• Detecting Income Shifting
• Detecting Transaction Manipulation

The Analysis Of Equity Risk And The Cost Of Capital

• The Nature of Risk
• Fundamental Risk
• Value-At-Risk Profiling
• Fundamental Betas
• Price Risk

The Analysis Of Credit Risk    

• Ratio Analysis for Credit Evaluation
• Forecasting and Credit Analysis
• Liquidity Planning and Financial Strategy

Apply for Certification

http://www.vskills.in/certification/Financial-Valuation-Certification