This isn’t one of them.
Why Adventis?
Learn by doing, not by watching
The FMC Program consists of 35 videos and 8 hours of total instruction that provides a step-by-step guide for your employees or interns to build their own financial models. Enrollees will build a three-statement financial model, public comparables analysis, precedent comparables analysis, discounted cash flow analysis and a leveraged buyout analysis – all from scratch. Earning our certifications requires enrollees to continue practicing their modeling skills after they’ve watched the videos.
Everything you need to know, nothing you don’t
Since founding the business in 2013 we’ve provided the FMC Program to over 5,000 trainees and spent considerable effort continually improving our curriculum to focus on helping finance professionals develop skills they can use to learn best-of-class financial modeling skills.
Assess your team
Our certifications require enrollees to build a fully circular, three-statement financial model within 90 minutes and minimal errors and pass challenging multiple-choice exams with a 90% success ratio. While the FMC Program makes the process of learning financial modeling skills as easy as possible, it’s still a difficult skill to learn and it takes a lot of hard work to go through the videos, practice and earn our certifications. This process requires enrollees to internalize and truly understand all the concepts. Putting your team through the FMC Program will enable to assess who on your team can be trusted to produce high quality analyses quickly and with minimal errors.
Improve performance on the job
Earning our certifications provide enrollees with a skill set that will enable them to be more productive in Microsoft Excel and will greatly improve their ability to perform high quality analyses and financial modeling tasks.
Who Should You Enroll?
Whether you’re looking to help provide your interns or full-time employees with best-of-class financial modeling skills, the FMC Program is well positioned to help your team.
Typical companies that use the FMC Program include investment banks, private equity firms, corporate development groups, and corporate finance groups.
Course Highlights
Excel Formatting Techniques and Keystroke Efficiency
- Build the skills that enable you to efficiently move through the rest of the program
- Learn to use the mouse less and the keyboard more
- Learn key formatting techniques that will make your financial models easy to follow
Three Statement Model
- Build a 3-statement, fully circular and properly formatted financial model of an airline company from scratch
- Build supporting schedules for working capital, PP&E, dividends, share repurchases, debt and interest expense
- Learn how investment banking, corporate FP&A, equity research, and other analyst positions use assumptions-driven financial models to support management in making informed decisions and communicating to stakeholders
Public Comparables Analysis
- Perform a public comparables analysis in the airline space to see where the airline company trades relative to its peers and determine where it should be trading
- Develop an understanding of how to choose the right comp set for the airline by looking at factors like size, expected growth, and margins
- Calculate and discuss commonly used multiples such as EV/EBITDA, EV/Sales, and P/E
Precedent Comparables Analysis
- Perform a precedent comparables analysis for the airline space to see where previous airlines have been bought
- Discuss how an investment bank would use precedent transactions to determine the appropriate sell price for this airline
- Develop the knowledge necessary to compare recently sold companies using multiples like EV/EBITDA and EV/Sales in order to extrapolate how the market would value a similar company today
Discounted Cash Flow Analysis
- Perform a Discounted Cash Flow (DCF) analysis to determine the intrinsic value of the airline
- Determine the weighted average cost of capital (WACC) for the Airline company
- Learn the practicality behind EBIT, unlevered free cash flows, projection periods and terminal values in finding a valuation range for a business
Valuation “Football Field”
- Build a comparison of public comparables, precedent comparables, and the discounted cash flow analysis to triangulate a value for the airline company
- Learn how an equity research analyst determines whether to issue a buy, hold, or sell opinion
- Learn how an investment bank determines the value range of a company
Leveraged Buyout Analysis
- Learn the fundamental analysis used by private equity firms
- Build a leveraged buyout (LBO) analysis from scratch and learn about capital structures, modeling pro-forma financials and calculating return and credit metrics
Self-Paced Practice & Certification Exams
- FMC Program Enrollees are able to take unlimited exams for no additional cost
- Exams are typically offered weekly and only one round of exams are allowed per week
- Exam results and full feedback are often delivered within a few days
- After videos are completed, it’s recommended you put in 5-10 hours of practice before attempting the exams
Certification Requirements
TO EARN
FMC Level I Certification
INDIVIDUALS MUST
- Build an industry-leading, three-statement financial model from scratch in less than 90 minutes with minimal formatting and formula errors
- Score at least 90% on a 30-question multiple-choice exam focused on key financial modeling, accounting and corporate finance concepts
TO EARN
FMC Level II Certification
INDIVIDUALS MUST
- Earn FMC Level I Certification
- Score at least 90% on a 25-question multiple-choice exam focused on key valuation and leveraged buyout concepts
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