Basic & Advanced Excel Coverage:

Warm up & Basic Excel (Data Types & Components of Formulas), Lookup Functions including Vlookup, Hlookup, Index & Match, Logical Statements using IF, AND, OR. Pivot Tables, What if Analysis (Goal Seek, Scenario Analysis & Data Tables) & Solver, Date Functions, Text Functions, Creating Dashboard.

Excel based Financial Modeling

FAST™ Modelling Standard: www.fast-standard.org - a set of rules on the structure and detailed design of spreadsheet based models. (Flexible, Structured, Appropriate and Transparent).

General Flow:

1. PART-1: Mini-caselets will be used to explain the concept of Flags, Circularity Switch, scenario building formulas and logic building Excel functions
2. PART-2: One case study will be taken up to explain the general linkages between Assumptions, Working Schedules, Income Statement, Balance Sheet and Cash Flow Statement. This will ensure that the model is correctly integrated.A full blown Financial Model (Greenfield Hydro Power Project) will be taken up – refer Annexure

Specific areas which require attention and will be covered as a part of the model:

1. Assumptions build-up (Project Start Date, Gestation Period, Project Commissioning Date etc.)
2. Accommodating project delays
3. Upfront capex in a phased manner
4. Building automated timeline (FY)
5. Timing and Event activation Flags (True/False)
6. Operation Start Flag
7. Operation Continued Flag
8. Operational Year sequence counter
9. Loan Repayment Flag
10. Revenue Buildup (PPA / Merchant Sale) with YoY escalation in prices
11. Capex Schedule (The journey from Capex > CWIP > PPE or Gross Fixed Assets)
12. Use of BASE Analysis (Beginning, Addition, Subtraction, Ending)
13. Amortization/Depreciation schedule
14. Building depreciation calculations that stops after the book balance is fully depreciated
15. Interest during Construction (IDC) – to be capitalized
16. Hard Capex vs. Soft Capex (IDC)
17. Dividing Interest accrued between IDC and P/L in the year of start of operation
18. Waterfall Structure of funding
19. Equity drawdown, followed by Debt and Govt Grant
20. Incorporating Revolver Balance & Minimum Cash Balances
21. Debt schedules & repayment
22. Working Capital schedule & Linkages
23. Building iterative calculation for Interest
24. Incorporating circularity switch to build a failsafe mechanism in case iteration leads to irreversible errors

Others: IRR, NPV, Ratios, What If Analysis, Relevant Shortcuts.