Core Concepts | WST
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WALL STREET TRAINING

CURRICULUM

WALL STREET TRAINING

Core Concepts

Introduction

By studying basic but core accounting, corporate finance, and valuation concepts, you can get ready for financial modeling

Dates
– Tue Nov. 20, 2018 ~ Tue Nov. 27, 2018
Time
– Tue Nov. 20, 2018 – [Finance/Accounting]
– Thu Nov. 22, 2018 – [Valuation]
– Tue Nov. 27, 2018 – [Excel]
– 7:00 pm – 10:00pm
Pricing
– Each lecture 100$
– 3 lectures 250$
What to bring
– Laptop with excel
Location
– Seoul, South Korea

Goal

In order to prepare for the financial modeling course, learn the core finance and accounting concepts in the first lecture
Valuation – learn valuation methodologies that are used in the global investment banking industry
Excel – learn basic and practical Excel tools, functions and shortcuts to be utilized in the financial modeling course

Recommended for

01

Those who learned basic finance/accounting/valuation before, but need to review/refresh before utilizing them in financial model

02

Non-financial background personnel whose forte is not in finance/accounting/valuation/Excel

03

First to second year finance sector new-hires/MBA or business program students

Instructor

Corporate Finance/AccountingWilliam Lee

– Former Vice President of a boutique cross-border M&A advisor (Korea)
– Former Senior Manager of Deloitte’s M&A advisory services
– Former associate of corporate development team at SK Inc.
– Former Senior Consultant of KPMG’s M&A practices
– Former Senior Accountant of KPMG Assurance team
– Former Senior of a Canadian international tax consulting firm

I have experienced M&A, corporate strategy and accounting at several international accounting firms, investment bank and large corporation strategy team. I teach my classes with real-life case studies from my own experiences of building and utilizing financial models for various M&A and strategic decision making.

I am a Chartered Financial Analyst (CFA) with the United States Valuation Certificate.

I am also a Chartered Public Accountant in both the United States and Canada with a Master’s Degree in Tax. Such degrees and knowledge help me to cover various tax and valuation issues in my lectures. Graduated from Waterloo University (Canada) with degrees in Mathematics and Accounting, and currently leads a cross-border M&A, valuation and tax consulting firm.

ValuationKim Hyung Tae

– Former Investment Banker at UBS’s M&A and ECM department
– Currently CEO of D&H Capital Management, a special situations hedge fund

I experienced various M&A, LBO, IPO, Block Trade, Mezzanine issuance transactions while working at UBS as an investment banker. I use my transaction experiences to make my lecture relevant to real world application.

Some of the key transactions that I’ve work on are: Visteon’s US$3.6bn sale of Halla Visteon CC to Han & Company (a private equity), CPChem and Daerim Indstries’ US$150mn sale of KRCC, YBGS’s US$118mn sale of H Life Insurance through a block deal, SkyLake (PEF)’s buyout of Cafe24, etc.

Graduated Boston College (United States) with degrees in Finance and Accounting, and currently heads a special situations hedge fund.

ExcelDaniel

– Former Investment Banking Analyst (Chicago based M&A shop)
– Former Analyst at a Long-Short hedge fund based in New York
– Former Director of a cross-border M&A and asset management company

Syllabus

Corporate Finance / Accounting: Income Statement Analysis, Balance Sheet Analysis, Cash Flow Statement Analysis, Hedge Fund Strategy, Corporate Finance

* Income Statement Analysis
– Income Statement Overview, Accounting Standard, Analytical Methods
– EBITDA concept

* Balance Sheet Analysis
– Working Capital and Other Items
– Operating Liability vs. Financial Liabilities Comparisons
– Balance Sheet Items related accounting standards and analytical methods (Accounts Receivables, Accounts Payables, Inventories, PP&E, hidden liabilities, write-downs, etc)

* Cash Flow Statement Analysis
– Cash Flow Overview and relationships with other statements

* Hedge Fund Strategy
– Samsung Electronics, LG Chemicals, Hyundai Motor
– Celltrion, Celltrion Healthcare

* Corporate Finance
– Concepts for Enterprise Value, Equity Value and various discount rates
– Multiples related terminologies and Free Cash Flow calculation
– Dividend Discount Model, Gordon Dividend Growth Model

Valuation : Valuation Overview, Comparable Companies Analysis, Precedent Transactions Analysis, DCF(Discounted Cash Flow Analysis

* Valuation Overview
– Explanation of various corporate valuation methods
– Key considerations for corporate valuations
– Core contents of corporate value

* Comparable Companies Analysis
– Explanation of various financial ratios, financial statistics, and multiples
– Benchmarking comparable companies
– Pros and Cons of Comparable Companies Analysis
– Comparable Companies Analysis application to Oriental Brewery

* Precedent Transactions Analysis
– Comparable M&A deals selection and key financial statics calculations
– Benchmarking comparable M&A deals
– Pros and Cons of Precedent Transactions Analysis
– Precedent Transactions Analysis application to Oriental Brewery

* DCF Anlaysis
– Types of Free Cash Flow and calculation methods
– 2 Methods for Terminal Value calculation
– Concept breakdown of Weighted Average Cost of Capital (WACC)

Excel : Excel for Newbies, [Beautifying your Excel], Dart to Excel

* Excel for Newbies
– Commonly used Excel shortcuts and functions for financial modeling
– 5 Key sections: “Basics, Navigation, Edits, Reference and Others”
– Major Excel function / Excel Practice 1, 2, 3, 4
(CountIf, sumIf, Vlookup, Offset, Rand, Indirect, Index, Month, Year)

* Beautifying your Excel
– Importance of formatting
– Global standard financial model formatting
– Step-by-step formatting of actual income statement
– WST Formatting Exercise Exercise

Pricing

Pricing

Each lecture

100$

Pricing

3 lectures

250$