Corporate Finance Master Class



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In this Corporate Finance Master Class (CFMC) program, corporate finance professionals and senior managers alike gain a solid and entirely practical experience in corporate finance, enabling them to understand the financial factors that influence business strategy.

Simulation-based decisions whether to invest in growth or cash-flow improvement opportunities will be assessed. In a role-play challenge will also be discussed comparing valuation methods, understanding mergers and acquisitions strategies, selecting target companies, understanding value creation in an M&A transactions.

Major topics to be covered include: capital budgeting, business valuation, financial modelling, managing working capital and growth, mergers and acquisitions.


Who should enroll

  • Bankers and investment analysts looking to advance their skills through hands-on and interactive learning experience;
  • Financial managers and corporate finance professionals who aim to advance their expertise and practice in the field of applied corporate finance;
  • Senior managers who directly or indirectly work with finances of the firm and seek to better understand corporate finance topics and strategy;
  • Entrepreneurs and company owners who plan to attract funding for their growing business.

Learn more from the Corporate Finance Master Class brochure here.

The applied Harvard Business Publishing business simulations challenge the CFMC participants to analyze available information and make critical decisions to solve various financial cases and challenges. They are playing a role, not just reading and analyzing. They make decisions and see the results of their decisions in the response of other players and the outcome of the simulation. Through a comprehensive debrief sessions they will analyze and discuss the achieved results – assumptions, pros and cons of the applied decisions, and most importantly – the real business life implications.

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What you will learn
  • A useful framework to assess overall company strategy and performance;
  • How to build integrated financial models that can be used to thoroughly analyze a company from multiple standpoints: operations, investment, financing and valuation;
  • A thorough grasp of how to analyze and value a company's investment projects and equity, manage its liabilities, and build its capital structure;
  • Understand how capital budgeting rules significantly influence company performance and market position;
  • Learning to maximize a firm's growth opportunities in a limited-credit environment;
  • Correlating the cash flow needs and strategic growth options of a company to the most appropriate financing choice;
  • Understanding value creation in an M&A transaction.
Differentiators
  • Experiential learning based on Harvard Business Publishing online simulation software – offering the opportunity to exercise various models, outcomes and scenarios;
  • Interactive and engaging side-by-side learning with hands-on facilitators and experienced professionals as guest speakers;
  • Strong links to the business reality and applicability in Bulgaria – practical discussions and Q&A sessions with experienced practitioners;
  • An integrated, holistic approach – understanding how financial decisions influence company performance and market position, and vice versa.

The Corporate Finance Master Class starts on 27 April 2017. The program includes five modules of two sessions each.

The training sessions are from 15:30 to 20:30 and will be held at The Business Institute, Sofia, 23 A Joliot Curie Str.

1
Module: Capital Budgeting

This module will be held on 27 and 28 April 2017.

In this module - including a complementing case study and online business simulation - participants act as members of the Capital Committee of New Heritage Doll Company, tasked with selecting and allocating capitals across the company's three divisions. Participants evaluate a diverse set of competing investment proposals and make decisions regarding 27 separate proposals over a five-year period.

Participants confront a range of project types including investments, expansion investments, investments in mutually exclusive projects, interdependent projects, and projects with growth options. To evaluate them, students examine outlays, cash flow patterns, and common metrics such as NPV, IRR, and Payback, with or without capital constraints.

This module is based on "The New Heritage Doll Company: Capital Budgeting" case study by Harvard Business School and Harvard Business Publishing's online simulation "Finance Simulation: Capital Budgeting". 

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2
Module: Business Valuation

This module will be held on 3 and 4 May 2017.

Business Valuation module distils the fundamentals of valuation and develops models that participants can understand easily and use quickly. In the learning process, the module will illustrate and practice the tools to not only value a company quickly but also to critically review valuations done by others.

In this module, we lay out the ingredients of an intrinsic valuation model: cash flows, discount rates and growth. In particulat, we note the importance of being consistent in the assumptions and note that higher growth can add value or even sometimes destroy value. The discussed valuation approaches are adapted for companies through their life cycle and illustrated how they might vary across sectors.

This module is based on the the teaching content from "Damodaran Online" - Aswath Damodaran, Stern School of Business at New York University. 

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3
Module: Financial Modeling

This module will be held on 10 and 11 May 2017.

This module teaches the participants how to construct an integrated financial model - from scratch! They will be able to build models that are robust, provide them with dynamic projections that can be used to thoroughly analyze a company from multiple standpoints: operations, investment, financing and valuation.

The module begins with an in-depth tour in Excel environment and includes many helpful shortcuts and tips for mastering the functions in Excel. Module topics are presented in a highly interactive format with narrated animations and self -correcting exercises designed to engage participants in the learning process. Microsoft Excel worksheets are included to assist participants as they work towards mastering the subject matter.

4
Module: Managing Working Capital and Growth

This module will be held on 18 and 19 May 2017.

In this module, based on a simulation, participants act as the CEO of a nutraceuticals distribution company and decide whether to invest in growth and cash-flow improvement opportunities in three phases over 10 simulated years. Each opportunity has a unique financial profile and participants must analyze effects on working capital.

The company operates on thin margins with a constrained cash position and limited available credit. Participants must optimize use of "internal" and external credits as they balance the desire for growth with the need for maintaining liquidity.

This module is based on the Harvard Business Publishing’s online simulation “Working Capital Simulation: Managing Growth”.
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5
Module: Mergers and Acquisitions

This module will be held on 29 and 31 May 2017.

In this module, based on a simulation, participants play the role of a CEO at 1 of 3 publicly traded wine producers: Bel Vino, Starshine or International Beverage. Participants reveal confidential information to determine value and set reservation prices before negotiating deal terms. Stock prices rise and fall in reaction to the formal bidding process and help create a dynamic and competitive negotiation environment. The simulation is web-based and built-in chat feature allows participants to negotiate privately online.

This module is based on the Harvard Business Publishing’s online simulation “Finance Simulation: M&A in Wine Country”.
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Portret-Svetlan
Svetlan Stanoev

Founder and Senior Facilitator at The Business Institute. Experienced practitioner in strategy, performance management and financial management. Balanced Scorecard certified and Business Valuation certified. Previously: Corporate Finance consultant at KPMG; CFO at Orbitel; CEO at Ceres Agrigrowth Investment Fund. Svetlan has a Master in Finance. Lecturer, trainer and consultant in corporate finance, strategic management and business modeling since 1999.

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Boryana Ivanova

Associate Facilitator at The Business Institute. Boryana has more than 20 years of experience in financial management and management consulting. For 8 years she has worked at Arthur Andersen where she has led the various assurance and business advisory projects. At present, Boryana runs her own consulting company and enjoys sharing her knowledge and experience. She has a focused, practical approach and a vast collection of real-life business cases to discuss.

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Georgi Tsonev

Associate Facilitator at The Business Institute. Goergi is a seasoned corporate finance professional with over 13 years of experience. Participated in investment, corporate finance and M&A projects in diverse industries with a total volume exceeding EUR 1 billion. He has gained an extensive financial advisory experience in diverse sector assignments - varying from FMCG, real estate and financial services to telecommunications, media, agriculture and healthcare. Georgi has a master degree in accounting and ACCA qualification.

Portret-Iliya
Iliya Kardashliev

Iliya has more than 10 years of experience in the financial sector. He currently works as Associate Banker in the Infrastructure Department of the European Bank for Reconstruction and Development and is responsible for designing, structuring, implementing and monitoring innovative financing structures for the urban infrastructure sector. Iliya has previously worked in the corporate finance department of KPMG and has advised clients from a variety of sectors on topics related to M&A, corporate restructurings and business strategy.

Portret-Nikolay
Nikolay Markov

With more than 10 years experience in the financial advisory sector, Nikolay has participated in and managed a large number of projects related to valuations, financial modeling, project finance, corporate financing, restructurings, economic analyses, due diligence and M&A. He was Director at Ernst&Young. His corporate finance experience spans over a variety of sectors - from energy and utilities, gas and oil, infrastructure, heavy industry, construction and real estate to retail the wholesale, food and beverage, financial institutions, telecommunications and media.

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Ludmil Garkov

Plurilingual professional with more than 15 years of experience in corporate management, private equity and advisory. Specific financial management, reporting, due diligence, valuation, financial modeling, strategy formulation and execution skills. More than $3 billion in cross-border transaction and pitch experience in energy, telecommunications, manufacturing and financial services. Experience in senior management positions at client-oriented manufacturing, construction and service companies.

Portret-Vladimir
Vladimir Mihailovski

Vladimir has more than 25 years experience in banking, project and corporate finance. He is Country Officer for International Finance Corporation (IFC). As part of the largest global development institution focused on the private sector in developing countries, he has participated in most of the biggest corporate finance projects in Bulgaria as well as in the region of the past 15 year. Before joining IFC, Vladimir has held several senior positions within the banking sector.

The Corporate Finance Master Class starts on 27 April 2017. The program includes five modules of two sessions each. The training sessions are from 15:30 to 20:30 and will be held at The Business Institute, Sofia, 23 A Joliot Curie Str.

Here are the following sessions:

Module Dates
Module 1: Capital Budgeting 27 and 28 April 2017
Module 2: Business Valuation 3 and 4 May 2017
Module 3: Financial Modeling 10 and 11 May 2017
Module 4: Managing Working Capital and Growth 18 and 19 May 2017
Module 5: Mergers and Acquisitions 29 and 31 May 2017

 

The Corporate Finance Master Class starts on 27 April 2017. The program includes five modules of two sessions each. The training sessions are from 15:30 to 20:30 and will be held at The Business Institute, Sofia, 23 A Joliot Curie Str.

Scroll down for the conditions for whole and single module registration.

Whole Program Price
Early bird -20% off: 2480 BGN

2 payments х

1240 BGN

  • until 20 April

Regular price: 3100 BGN

2 payments x

1550 BGN

  • Deferred payments are optional.

 

 

 

 

 

 

Single Module Price
20% Discount

560 BGN

  • The price is for 1 module.

Regular price

700 BGN

  • The price is for 1 module.

 

 

 

 

 

 

All prices in this section are valid for 1 participant. The Business Institute has the right to give a discount on the Corporate Management Master Class fee in case there are 2 or more participants from the same company.

For single module registration, fees and scholarships options, please contact us on office@thebusinessinstitute.eu or +359 88 2924710.