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Project Financier

Micro-Degree

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Learn project finance from the firm hired to teach the top 4 investment banks’ incoming analysts. Includes accounting, financial modeling, project analysis, project accounting, project risks, and both simple and advanced project modeling.

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3000+ students enrolled

Hours

Topics

213

Practical exercises

Direct instructor help

Micro-Degree

Lifetime access

Rated 4.5 From
1235 Reviews

Buy 2, Get 40% Off!
Use coupon 2MD4LESS - see courses

£439 (Inc Tax)

Add to Cart

30-Day Money-Back Guarantee T&C apply

3000+ students enrolled

The Project Financier includes

Project Finance

4.4 STARS

About

Access one of the most extensive project finance online courses available. Learn risk management, the accounting specifics, how to structure the finance behind a project, and build both a simple and advanced project finance model.

Completion time

10 Hours

Level

Skills Certificate

About

Completion time

10 Hours

Level

Skills Certificate

Module

Video Minutes

Excel Exercises

Introduction to Project Finance

Video minutes24

Excel Exercises0

Project finance introduction
How project finance is different
Project finance mechanics
Project finance process
Project finance contract summary
Project finance contracts detail
Eurotunnel case study
Information memorandum

Risk Management in Project Finance

Video minutes16

Excel Exercises0

Risk taxonomy
Risk management
Pre-completion risks
Post-completion risks
Risks common to both parties
Risk reduction summary

Financing the Project

Video minutes45

Excel Exercises6

Financing and insurance package
Understanding debt capacity
How much can the project borrow
How much equity does the project need
Syndicated loan financing
How many banks in the syndicate
Syndication strategy
Financial crisis and the development of club deals
Fee structures in loan syndication
Mandated lead arranger
What has changed in the syndication market
Return on equity of loan
Return on equity of two bank loans
Other financing options

Accounting for Project Finance

Video minutes20

Excel Exercises5

Project finance accounting
Cost capitalization

Project Finance Returns

Video minutes26

Excel Exercises6

Profitability to shareholders
Calculating the IRR
Calculating the IRR with an exit multiple
Returns to creditors and problems with the IRR
Model out a loan
Model out a bond
Dividend trap
Subordinated loan dividend trap

Modeling the Project

Video minutes21

Excel Exercises2

Cost terminology
Financing the construction costs
Sources and uses of funds
Operational phase
Unlevered free cash flows

Debt, Coverage Ratios and Covenants

Video minutes29

Excel Exercises3

Amortization methods
DSCR
Average life calculation for loan repayments
Average life
Coverage ratios
DSCR and LLCR
Security
Covenants
Covenant breach
Debt service coverage ratio covenant breach

Building a Simple Project Finance Model

Video minutes27

Excel Exercises9

Sources and uses of funds
PP&E
Soft assets and income statement
Calculations
Initial balance sheet
Cash flow statement
Debt schedule
Interest expense
Returns to equity holders

Building a Full Project Finance Model

Video minutes81

Excel Exercises24

Uses of funds
Sources of funds
Other assumptions
Revenues and variable costs
Depletion of soft costs and PP&E
Asset retirement obligation – asset
Asset retirement obligation – liability
Income statement
Calcs – operating working capital
Calcs – Equity
Balance sheet
Cash flow preparation
Cash flow from operations
Cash flow from investing and financing activities
Cash flow available for debt service
Revolving credit facility
Syndicated loan
Debt service reserve account
Non-cash interest
Wiring up the debt lines
Interest during the construction phase
Interest during the operational period
Returns to equity holders
Loan life coverage ratio
Structuring the debt

The Accountant

4.4 STARS

About

Quickly and confidently interpret financial data and statements, evaluate them and use the calculated information to build high-quality reports. Real company data and the latest rules are covered to ensure the methods used and skills developed are immediately applicable in the workplace.

Completion time

13 Hours

Level

Skills Certificate

About

Completion time

13 Hours

Level

Skills Certificate

Module

Video Minutes

Excel Exercises

Financial Accounting Review

Video minutes33

Excel Exercises3

Making entries and ensuring the balance sheet balances
Preparing a balance sheet
Preparing an income statement from the entries to retained earnings
Preparing a cash flow statement from the entries to the cash account
A review of the different categorizations on the income statement, balance sheet, and the cash flow statement

Income Statements

Video minutes61

Excel Exercises15

Revenue recognition issues
Cost recognition issues
Identifying non-recurring items from the income statement, the MD&A, the notes to the accounts and the financial statement press release
Calculating EBIT and EBITDA for the historical year, and on an LTM basis

Earnings Per Share

Video minutes27

Excel Exercises11

Basic EPS calculations including weighted average shares
Dilutive securities: options (treasury method) and convertibles (as if converted)
Calculating recurring EPS

Working Capital

Video minutes56

Excel Exercises12

Inventory accounting including the impact on EBIT of LIFO and FIFO accounting choices (where relevant)
Accounts receivable and bad debts (identifying when companies are manipulating sales)
Accounts payable and accruals and the difference between them from a due diligence perspective
Other items including taxes payable, deferred revenue, and pre-paid items
Working capital and operating working capital and the cash impact of changes in operating working capital
Credit implications of working capital movements
Day ratios

Non-Current Assets

Video minutes39

Excel Exercises11

Gross PP&E, accumulated depreciation, depreciation expense and net PP&E
Building a simple forecast of fixed assets
Establishing the age of a company’s fixed asset base
Finite, and infinite intangibles including goodwill
A review of key methods of accounting for financial investments
At fair value through the income statement
Available for sale
Associate (equity method) accounting

Capital Structure

Video minutes50

Excel Exercises14

Debt issues and repurchases
Simple yield to maturity and all in cost calculations and understanding Original Issuer Discounts
Calculating net debt
Equity issuance and repurchases
The difference between authorized, issued and outstanding shares and multiple share classes
Other capital items: preference shares and convertible bonds
Leverage ratios
Debt liability maturity analysis

Accounting Ratios

Video minutes41

Excel Exercises5

Profitability ratios, including margins
Liquidity ratios, including operating working capital
EBIT and EBITDA for the historical year, and on an LTM basis
Leverage ratios, including net debt and interest coverage
Asset ratios

Cash Flow Statements

Video minutes25

Excel Exercises3

Understanding how to categorize cash flows between operating, investing, and financing
Deriving a cash flow statement from two balance sheets and an income statement
Deriving a balance sheet from a cash flow statement and an income statement
Different cash flow statement presentations

Equity Method Investments

Video minutes9

Excel Exercises5

What are equity method investments?
- Equity affiliates/associates
- Joint ventures
Equity method accounting
- Income statement
- Balance sheet
- Cash flow statement
- Financial statement integration

Intro to Full Consolidation

Video minutes68

Excel Exercises21

M&A accounting overview
Balance sheet consolidation
Sources and uses of funds
Goodwill calculation
Income statement consolidation
Non controlling interests – NCI

The Modeler

4.6 STARS

About

Financial modeling is one of the most useful skills in the world of finance. Knowing how to build models quickly and error-free is critical for the decisions and recommendations that they underpin. Our online financial modeling course provides the perfect introduction to building models, developing multiple techniques for a comprehensive and practical understanding of the topic.

Completion time

12 Hours

Level

Skills Certificate

About

Completion time

12 Hours

Level

Skills Certificate

Module

Video Minutes

Excel Exercises

Introduction to Modeling

Video minutes55

Excel Exercises13

Key settings
Formatting and layout standards
Building a simple income statement and balance sheet model, on one sheet, then across sheets
Balancing the balance sheet using the cash flow statement
Preparing the model for handover
Key formatting and putting the output into a pitch book

Three Statement Modeling with Iterations

Video minutes77

Excel Exercises10

Income statement construction and highlighting key numbers
Calculation schedules (PP&E, retained earnings, operating working capital, and debt)
Balancing the balance sheet with a cash sweep
Calculating interest using average balances
Circular references and iterations
Working with a circular reference switch
Preparing the model for handover
Key formatting and putting the output into a pitch book

Three Statement Model Editing

Video minutes44

Excel Exercises6

Steps before editing
Inserting a new item
Removing an old item
After editing
Relevant keyboard shortcut keys

Three Statement Model With Estimates

Video minutes70

Excel Exercises12

Cleaning up the income statement and balance sheet and simplifying the line items
Getting estimates for revenues and EBIT
Building multiple scenarios into a model’s assumption
Modeling a forecast debt repayment schedule from the notes
Key ratios
Checking the model for reasonableness
Formatting and putting the output into a pitch book

Building a Model with Cash Sweep

Video minutes71

Excel Exercises19

Why banks want to be repaid early
Cash sweep mechanisms
How to model cash sweeps
Building a three statement model with a cash sweep

Checking a Model for Integrity and Errors

Video minutes36

Excel Exercises11

Top ten errors
Auditing and error checking toolkit
Checking your own model
Checking someone else’s model

Get Certification Recognized on Wall Street

Upgrade your résumé with certification recognized by the top 4 investment banks.

Our exams are similar to assessments at the top firms. This means they are going to challenge you. Our online courses will teach you everything you need to know to succeed.
The Project Financier is made up of 3 skills certificates. Pass each one to unlock your micro-degree. Certification can easily be added to LinkedIn, demonstrating your achievement which will be recognized by the most prestigious firms on Wall Street.

Certification Discover our prestigious alumni on LinkedIn

THIS MICRO-DEGREE HAS BEEN REVIEWED BY

Colin Evans

Managing Director at J.P. Morgan

Colin Evans is a Managing Director at J.P. Morgan and leads the financial institutions coverage team globally for Corporate Banking

Dr. Bridget Lyons

Professor of Finance

Professor of Finance at the Jack Welch College of Business at Sacred Heart University and Associate Instructor

Chris Bishko

CFO

CFO with over 25 years experience as an operator, investor and investment banker in technology and financial services.

Our Alumni

DEMONSTRATE YOU'RE AS GOOD AS THE BEST

By completing this course, you will be able to join our prestigious alumni on LinkedIn alongside hires at the top 4 investment banks. After becoming a member of this elite community, you can unlock exclusive benefits such as course discounts and more.

Explore our Alumni

testimonials

what our students say

Individuals

Tzu-Chieh Lin

The Modeler

This is the right practical training which you cannot learn from professors in the university.

Corporate clients

Michael Whalley

The Accountant

Great videos, good variety of workings / Excel files!

Frequently Asked Questions

What tech do I need?

Access your course across desktop, laptop, tablet or phone; either via our web portal or the dedicated mobile app. While we have optimized our video quality and size, we recommend a broadband connection to enable uninterrupted video playback. A PDF reader and spreadsheet application are required to open the supporting resources.

Is it right for me?

The Project Financier is perfect for those looking to develop project finance skills that don’t have a strong background in finance. The supporting accounting and modeling topics are covered comprehensively, providing the recommended foundation before learning the intricacies of financing projects.

Are Financial Edge's courses credible?

The 4 leading investment banks, as rated by the FT, hire us to train their incoming analysts. If you are looking to join the best analysts in the world, why not challenge yourself with the same content and certification with the same Wall Street instructors ready to answer your questions.

Will this course help me get a job in project finance?

Absolutely. Develop practical skills your can use to impress at interviews, whether you’re looking to break into the industry or change roles. Take advantage of our recruiter service to boost your chances.

How long do I have to complete the courses?

We are delighted to announce that we now offer lifetime access on all online courses! Fit studying around your schedule. Learn at your own pace with on-demand video, practical examples to download and expert instructor support.

Are there any hidden costs?

No. Everything you need to earn your micro-degree is included, from instructor-led videos and Excel exercises to the exam.

What is CPD?

All Financial Edge online courses are CPD accredited. CPD stands for Continuing Professional Development and makes demonstrating your commitment to learning easy. Your institution or accrediting body may track CDP points through activities, units or hours. Check with the relevant party to find out how you should be monitoring your progress.