Contact Us

Evening Essentials-old


Developed with the working professional in mind, this 8 session course covers Financial Statement Analysis, Valuation, Financial Modeling, and Specialized Modeling. Each session runs from 6:30pm to 10:00pm (ET).

Virtual Learning Option

We have been leading virtual training seminars for years and know it takes more than just sending out a Zoom link to deliver a robust virtual learning program.  TTS has the experience and capabilities to deliver the same effective programs in a safe virtual setting. Our instructors weave a unique blend of technology, pedagogy, and content to create an interactive experience that’s engaging and effective. To make our virtual classrooms come alive, we use these strategies and tools:

  • Dynamic mixture of instructor-led, self-led, and group activities
  • On-demand virtual access to instructors and teaching associates
  • Proactive and frequent student check-ins to make sure no student gets lost
  • Breakout rooms for group collaboration and one-on-one support 
  • Interactive polls, games and competitions


  • Early Registration: $2,800 (register at least 14 days in advance)
  • Standard Registration: $3,800

Course Outline

  • Financial Statement Analysis:
    • Analyzing a company’s income statement, balance sheet and cash flow statement
    • Why bankers stress the importance of EBIT and EBITDA
    • Calculation and decoding of financial ratios
    • Normalizing for non-recurring items
    • Calculating margins, growth rates, credit ratios
    • Interpreting footnotes and management discussions & analysis
  • Public Comparables Analysis:
    • Choosing a peer group and gathering public information (sources and SEC documents overview)
    • Spreading comparables – calculating Market and Enterprise Value, normalizing for non-recurring items, inputting the numbers, LTM, calculating multiples
  • Acquisition Comparables Analysis:
    • Choosing a deal list
    • Concept of control premiums and synergies
    • Sample transaction list
  • Discounted Cash Flow Analysis:
    • Strengths and considerations of a DCF analysis
    • Deriving a weighted average cost of capital (WACC)
    • Discounting unlevered free cash flows
    • Estimating the terminal value (exit multiple vs. perpetuity growth rate approach)
    • Determining the valuation range
  • Modeling Best Practices:
    • Establishing modeling standards of consistency, efficiency and clarity
    • Introduction to short-cut keys and other Excel settings for efficiency
    • Creating flexible formulas, calculations and projections
    • Auditing financial models
  • Building an Integrated Financial Model:
    • Setting up and road mapping the modeling process
    • Efficiencies with entering and analyzing historical financials
    • Projecting revenues and operating performance
    • Constructing the balance sheet and cash flow statement
    • Forecasting operating/working capital

Building an Integrated Financial Model – continued:
• Projecting PP&E and intangible assets
• Calculating cash flow from investing activities
• Forecasting other long-term items
• Building a detailed equity & shares schedule
• Understanding the core accounting relationships when building an integrated model
• Debt & interest schedule
• Setting up a “cash sweep” for excess cash and building complex deficit financing options
• Trouble shooting your model: controlling for circular references, balancing models, and making the model “deal ready”
• Constructing and utilizing data tables to perform sensitivity analysis
• Using your model in a “real world” deal situation including a DCF application

  • Merger Consequences Analysis:
    • Overview of purchase accounting
    • Allocating the purchase price and creation of goodwill
    • Sample merger consequences impact: transaction assumptions, sources and uses, opening balance sheet, pro-forma income statement
    • M&A transaction considerations (stock vs. cash, social issues, etc.) and their impact on the financial statements
    • Break-even synergies and PE analysis
    • Key concepts and analysis: accretion / dilution, pro forma leverage and coverage ratios
  • Leveraged Buyout Analysis:
    • Concept of an LBO and de-leveraging
    • LBO math
    • Capital structure determination
    • Utilizing a revolving credit facility and cash sweep
    • The characteristics of the different debt instruments
    • Differing viewpoints for LBO constituents
    • Internal rate of return analysis
    • Mechanics of constructing an LBO model


Tuesdays and Thursdays; 6:30pm to 10:00pm


There are no prerequisites for this course.

Cancellation Policy

Cancellations up to 14 days before the workshop will receive a full refund. Cancellations within 14 days of a course will not be refunded. TTS reserve the right, at its sole discretion, to cancel a course. If TTS cancels a course, payments are refunded in fu

Questions? Please contact for more information.