SPECIALISTS IN FINANCIAL MODELLING

Prepare for the Level 1 “Advanced Financial Modeler” (AFM) certification exam with this intensive online exam prep course from FMI approved training provider, Plum Solutions

This intensive course is very hands-on and practical and each participant will be expected to create their own financial model. During the course, participants will use the Excel tools and techniques learned as well as financial modelling best practice to build interactive and dynamic financial models that adhere to the highest industry standards.

Delivered 100% online, this course builds on students’ knowledge of Excel formulas and incorporates these into fully integrated financial models.  At each step during the course, participants build and practice each formula, tool and technique.

Who this course is for

This course is suitable for those who wish to earn the Level 1 AFM Certification from the Financial Modeling Institute (FMI).  For more information on the certification, see www.fminstitute.com/afm The AFM program is open to anyone who has an interest in or currently works in the financial markets. From finance students to seasoned industry professionals, the AFM designation is ideal for those who:

  • Understand the fundamentals and methodologies of financial modelling
  • Want to hone and validate their skills
  • Work as part of a larger team to provide support for improvement or new projects
  • Work extensively with Excel in their day-to-day work to make material financial decisions

The FMI exams are held twice a year in various locations around the world and you must independently register for this exam directly with the institute. It is not a requirement before undertaking this course that you are registered for, or sit this exam. This course will prepare you for the FMI exam but your attendance will in no way guarantee your exam results. 

**Note that the Oct 2020 exams will be held virtually** Find out more about how the virtual exams are run here.

Prerequisites

Attending this training course should form the final part of your preparation for this exam.  Candidates are expected to devote between 25 and 100 hours to preparation in total and attendees should already be familiar with the FMI Body of Knowledge and the skills checklist prior to attending this course.

Software used

To undertake this course, you need Microsoft Excel. Excel 365 is preferred, but participants can use any version of Excel if they prefer, including a Mac. More detail about how the online courses work


Modules in this Course

About the Level 1 (AFM) Exam

  • Learning Materials (watch a preview)
  • What to expect on Exam day
  • The Grading Process

Basic Excel skills

  • What’s New in Excel 2016
  • Linking for Best Practice
  • Absolute & Relative Cell Referencing
  • Calculating Project Costs
  • Logical Nested Functions Part 1
  • Logical Nested Functions Part 2
  • Mixed Referencing and Named Ranges

Essential Tools & Formulas

  • Aggregation Functions
  • Formula Selection
  • Data Validations & Drop-Downs
  • Form Controls
  • Macros in Financial Modelling

Financial Modelling Techniques

  • Skills Needed for FM
  • What Makes a Good FM?
  • Building Error Checks
  • Escalation Methods

Financial Modelling Best Practice

  • Model Design
  • Anatomy of a Financial Model
  • Best Practice
  • Shortcuts

Three Way Modelling

  • What is a 3 way financial model?
  • Dummies Case Study: Financial Statements Part 1
  • Dummies Case Study: Financial Statements Part 2
  • Dummies Case Study: Financial Statements Part 3
  • Preparatory Case Study: Building a simple vertical model

Model Planning, Setup and Assumptions

  • Model setup and layout
  • Inputs and assumptions
  • Assumptions Documentation Methods

Designing for scenario analysis

  • Scenarios, Sensitivities and What-if Analysis
  • Building Scenarios Exam Prep

The Revenue Schedule and COGS

  • Setting up the Revenue Schedule
  • Completing the Revenue Schedule
  • Cost of Goods Sold (COGS)

Building the Depreciation Schedule

  • Depreciation in Financial Modelling
  • Modelling for a Capital Purchase
  • Modelling Depreciation (End of Useful Life)
  • Depreciation Schedule Waterfall

Income Tax Expense and Working Capital

  • Building the Tax Schedule
  • Setting up Working Capital Assumptions
  • Calculating Working Capital

Building the Debt Schedule

  • Debt Definitions
  • Dealing with Circularity in Debt Calculations
  • Modelling a Revolver Line of Credit
  • Components of the Debt Schedule
  • Adding the Revolver
  • Completing the Debt Schedule

Equity & Completing the Financial Statements

  • Equity Schedule Case Study
  • Building the Equity Schedule
  • Piecing together the final components of the financial statements
  • What to do when the balance sheet doesn’t balance
  • Error Checks

Summary Page, Formatting, Presentation and Scenarios

  • Summary page Setup
  • Which Ratios to Include
  • Adding Scenarios
  • Formatting and presentation

Price: $525 ex GST

Mock Exam

Get the best results by combining your online course with the mock exam program. On 10th October, you’ll sit a mock exam, and receive individualised feedback prior to the FMI exam on 24th October. Find out more

Take this Course

Course Content

Lessons Status
1

About the Level 1 (AFM) Exam

2

Basic Excel skills

3

Essential Tools & Formulas

4

Financial Modelling Techniques

5

Financial Modelling Best Practice

6

Three Way Modelling

7

Model Planning, Setup and Assumptions

8

Designing for Scenario Analysis

9

The Revenue Schedule and COGS

10

Building the Depreciation Schedule

11

Income Tax and Working Capital

12

Building the Debt Schedule

13

Equity & Completing the Financial Statements

14

Summary Page, Formatting, Presentation and Scenarios

15

Appendix