Deepening your knowledge of valuation concepts
Professionals in all roles in business, from the C-suite executives responsible for investment decision-making and corporate finance strategy to all those who advise and support them, require an understanding of the value impact of business decisions. The field of valuation is full of short-cuts and rules-of-thumb which, while quick and pragmatic, may inadvertently result in damaging, or even catastrophic, investment decisions. In the field of valuation, it is all too tempting to slip into simple mechanical processes without analyzing why one is doing things in a certain way. Indeed, the failure to understand the deficiencies in the standard approaches, and inability to ask the right questions, may explain why so many investments and acquisitions result in the destruction – rather than creation – of value.
In the Advanced Valuation program, participants with experience in valuation are exposed to a conceptually challenging curriculum, exploring both the theoretical basis and practical application of the major elements of discounted cash flow valuation. They learn to differentiate between long-term value-creating strategies and short-term indicators, such as share price, earnings per share, market share, revenue growth, increased profit and customer satisfaction. Above all, they learn to ask the questions that will build value for the future.
How you will benefit
- Understand the “why we do it that way” behind valuation concepts you practice daily
- Enhance your awareness of the key finance principles which underpin our approach for estimating the discount rate used in valuation
- Develop the capability to distinguish value creation from value destruction to ensure competitive success and the long-term survival of your company
- Learn and practice a process for conducting a data-driven, theoretically correct, valuation
- Be able to handle cross-border, emerging market, and other complicated valuations
- Question common practices and identify common mistakes and misunderstandings
Kevin Kaiser is Senior Director of the Alternative Investments Initiative and Adjunct Full Professor of Finance at the Wharton School of the University of Pennsylvania. He was Professor of Management Practice and on the finance faculty at INSEAD from 1992 until 2017.
Kevin’s research has focused on private equity, corporate restructuring and financial distress, more recently oriented around corporate governance and management for value creation. Kevin holds a BA (Honours) in Economics from The University of Western Ontario and a PhD in Finance from the Kellogg Graduate School of Management at Northwestern University.
For more information on this and other programs offered by Amsterdam Institute of Finance, visit the Amsterdam Institute of Finance website.
Members of CFA Society Netherlands receive a 10% discount on Amsterdam Institute of Finance programs! The discount is applicable to all programs offered by AIF. To claim your 10% discount please send an email to firstname.lastname@example.org with your CFAID number and ask for the discount code.
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Amsterdam Institute of Finance is registered with CFA Institute as an Approved Provider of continuing education programs. This program is eligible for 24 CE credit hours as granted by CFA Institute. If you are a CFA Institute member, CE credit for your attendance at this event will be automatically recorded in your CE Diary.