Sessions will be held at least partly online, and if rooms that comply to social distancing regulations are available (e.g., kickoff, group presentation, special events), sessions will take place on-site (attendance required).

This class is project-based. Together with a selected partner firm, students will conduct a full-scale financial analysis, prepare a valuation model and present them to its management.

After completing this class students will be able to:

• apply simple forecasting methods
• set up a financial planning model
• implement a DCF-valuation model
• perform a multiples-based valuation
• discuss issues in forecasting financials and implementing DCF models

Apart from that, completing this course will contribute to students' abilities to:

• be an effective, hard- and soft-skilled team member
• work effectively in a team-based structure
• give presentations on complex topics

Attendance: In order to successfully pass this course, your absence is limited to 20% of our appointments.

The course grading system is based on:

• homework exercises 20% 
• Excel model and final presentations, incl. components of grading carried out by partnering company and peer review 70%
• Participation 10% 

Grading scheme

• excellent/Sehr gut ≥87,5%
• good/Gut ≥75,0%
• satisfactory/Befriedigend ≥62,5%
• sufficient/Genügend ≥50,0%
• not sufficient/Nicht genügend <50,0%

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Apart from financial analysis and basic investment analysis knowhow (Grundkurs SBWL, Business Analysis Project) your performance and level of effort will depend on your Excel and Powerpoint skills. For those who have not used these tools intensively, we recommend to (re)acquaint yourself with these programs before the start of the course. VBA programming is not required, but may be helpful.

Specifically, we recommend a look at the following issues:

Microsoft Excel: separation of data and models, absolute and relative cell references, standardizing workbook formats, customized cell formats, conditional formatting, linking worksheets, resolving circular references, 3 statement models.

Microsoft Powerpoint: basic forms of presenting information, shapes provided with powerpoint, elements of PPT templates.