Mergers and Acquisitions Professional Certificate Program

Learn all about mergers & acquisitions in this comprehensive five-day program. Days 1 & 2 provide a comprehensive overview of the M&A industry, the M&A process, corporate objectives in pursuing M&A , financial M&A tactics , success and failure, and the skills engaged in executing transactions. The anatomy of a deal from inception to post-merger integration is covered. Day 3 provides practical, hands-on examination of the key components of M&A transactions. Emphasis is placed on studying practical transaction structures and their financial tax, legal and accounting implications. Day 4 examines free cash flow, why it is superior to net income in evaluating business performance, and how to use this metric to analyze current and future investment opportunities. They also learn how to use free cash flow to make capital budgeting decisions and to quantify the value of acquisition opportunities. Day 5 presents an analyst's approach to accounting for business combinations. Its focus is on the application of financial accounting and federal income tax principles for projecting earnings accretion/dilution and cash flows of the post-combination entity.

Upon completion of the course, all participants may sit for a final exam to qualify for the New York Institute of Finance Professional Certificate in Mergers & Acquisitions.  Upon passing this exam, you will receive your certificate and be able to list it on your resume and LinkedIn profile.

And, as a special offer, if you register for this session in July, you'll receive a free subscription to The Financial Times online, worth $299!  Simply register for the course, and pick up your access information when arrive at the New York Institute of Finance on class day.

Target Audience

Financial analysts/managers, bankers, strategic planning professionals, corporate finance lawyers, and accountants, financial management consultants, market regulators and professionals interested in applied M&A analysis and valuation.

Course Syllabus

Mergers and Acquisitions - Concepts and Theories - Part I

  • Mergers and Acquisitions Overview
  • Key Drivers of a Successful Acquisition
  • Attractiveness of Target Companies
  • Acquisition Structure
  • Sequence of Events
  • Documentation and Agreements

Mergers and Acquisitions - Concepts and Theories - Part II

  • Managing for Value Creation
  • How Does the Integration Process Affect Value Creation?
  • Valuation
  • Financing the Acquisition
  • Anti-takeover Mechanisms
  • Anti-trust Policies

Accounting for Mergers and Acquisitions

  • Equity Method of Consolidation
  • Purchase Accounting for Business Combinations
  • Forecasting the Performance of the Combined Company
  • Internal Revenue Code Section 338(g) and 338(h)(10) Transactions

Mergers and Acquisitions - Structuring the Deal

  • Legal structures
  • Tax structures
  • Accounting
  • Letter of Intent
  • Seller paper, earn outs, hope certificates
  • Special cases
  • ''Tax loss'' mergers
  • Break-up/sum-of-the-parts/split-offs
  • LBOs
  • Roll-ups, consolidation plays
  • Distressed (Bankruptcy) M&A
  • Special Purpose Acquisition Corp. (SPAC), Blind pool
  • Reverse merger, backdoor IPO

Free Cash Flow: A Powerful Decision-Making Metric

  • Introduction to Free Cash Flow
  • Free Cash Flow Adjustments
  • Cost of Capital
  • Free Cash Flow Drivers
  • Capital Budgeting Using Free Cash Flow
  • Free Cash Flow and Interim Financial Results
  • Acquisition Analysis Using Free Cash Flow
  • Free Cash Flow and Incentive Compensation
  • Free Cash Flow Implementation Issues
 

SESSIONS AVAILABLE


New York - Soho

 Mon 8 Dec 2014-Fri 12 Dec 2014
     9:00 - 4:30

Instructor(s) :


COURSE INFORMATION

Professional Credits:
CPE Credits 36
Price
$3,919 USD
Duration 5 Days
Advance Preparation
No advance preparation required.
Prerequisites
This course has no prerequisites.
Instructional Method
Classroom
Level
Intermediate

Special Offer

Clients who register for this course will receive a complimentary 4-month subscription to FT.com. The Financial Times is the world's most respected financial newspaper, providing a broad assessment on finance, business and the industrial sector. The move to the electronic version follows an ongoing review of our environmental responsibilities as a global business and as part of the Pearson group. FT.com also has features that are not available in hard copy, such as: Special Reports, Alphaville, editor blogs, education sections and much more! Subscriptions will start within 6-8 weeks of the start of class and are limited to one subscription per client. (Please note: as of May 1, 2011, the electronic subscription replaces the hard-copy 3-month Financial Times subscription.)

Lunch is included for all students taking day classes.