Manipulating historical financial information and plans for financial institutions

Who are the intended participants?

• Credit analysts providing loans to commercial companies.
• Lease analysts providing leases to companies.
• Investors looking to purchase a company or seeking a business partner to understand a company’s financial performance, etc.

Programme

• What information do various financial indicators (fail to) provide and what are the risks inherent in their analysis?
• What are the pitfalls of EBITDA and its normalisation?
• What if a loan is not the only debt? What (off) balance sheet items increase a company’s indebtedness and how can they be identified?
• Content and quality of working capital.
• Analysis of the main assumptions and links underlying financial plans.
• Identification of the weaknesses of complex and simple models.
• Examples from financial due diligence experience.

Benefits

You will:

• Learn the basic techniques used in corporate due diligence.
• Gain an understanding of the issue through real-life examples of financial data manipulation.
• Be able to quickly assess financial plans and their key assumptions.