CFA Singapore & Wall St. Training

a member society of CFA Institute a leading financial training firm

conjunction with Wall St. Training. The Advanced Financial Modeling Series will providepractical, career-enhancing programs related to fundamental analysis and mergers &acquisitions. This series of hands-on workshops will consist of the following full day.

Corporate Valuation – Emerging Markets & Private Company Nuances

Advanced Financial Modeling – Core Model

Advanced Financial Modeling Part II – Enhancements

Advanced Excel Part II – Excel Charting & Graphing Techniques &PowerPoint Integration

The goal of these programs is to improve and elevate the skills sets of the financial analystand the investment professional. Heavy emphasis is placed on being as effective and efficientas possible with Excel. If you are interested in improving your financial modeling andvaluation skills, or are in the midst of a career transition, these courses are for you!

Wall St. Training (www.wallst-training.com) provides professional financial training solutionsto Wall Street through hands-on classroom training and customized corporate trainingprograms for financial analysis which take a hands-on, interactive, practical, non-theoreticalapproach. The instructor, Wall St. Training’s President and Founder, Hamilton Lin, CFA, hastrained numerous major financial services firms including Banc of America Securities, CapitalGroup, CIBC, Credit Suisse, Deutsche Bank, FactSet, Fidelity, GE Private Equity, Greenhill, ING,JPMorgan, TIAA-CREF and many others. Wall St. Training also teaches all of the New YorkSociety of Security Analysts’ financial modeling and valuation courses as well as at the HongKong Society of Financial Analysts, San Francisco CFA Society, Boston Security Analysts Societyand the Stamford CFA Society.

Refer to next page for more information

Dates: 5 to 8 May 2009Singapore Management UniversityVenue:

( 5 May 2009)

(6 May 2009)

(7 May 2009)

(8 May 2009)

CFA - Singapore is proud to present our “Advanced Financial Modeling Series” held in

Corporate V kets & Private Company Nuances

9:00 AM - 5:00 PMMember Cost: $850 SGDNon-Member Cost: $1000 SGD

Venue:

Prerequisite: A solid grasp of basicng fundamentals and an

understanding of basic val ontechniques are required.

This course builds upon our Corporate Val on Methodologies course and introducesthe complex nuances associated with analyzing and valuing emerging markets and privatecompanies. We dive deep into the details and concepts deeply imbedded with val onof large publicly traded and listed companies and take it to next level by applying it tocompanies and regions with very sparse publicly available data. Learn nuances of

ng for DCF val on, WACC analysis when no data exists, how to select and adjustpeer comparables when no “good comp” exists. While there is certainly no magic bullet tothe tough ons and lack of inf on, there are techniques and best ces toget us as close as possible. Learning ves include: fundamental & DCF val onnuances (adjustments to Gordon growth); WACC and cost of component capital nuances(adjustments to cost of debt and equity and beta); review of basic val onmethodologies, focusing on rel ve val on mul ples and r os and tacking on privatecompany discounts; emerging markets case study and real-life val on nuances whendata simply doesn’t exist.

As a t in the CFA e Approved-Provider Program, CFA Singapore hasdetermined that this event qualifies for 7 credit hours. If you are a CFAmember, CE credit for your a endance at this event will be cally recorded inyour CE diary.

Advanced Financial Modeling – Core Model

9:00 AM - 5:00 PMMember Cost: $850 SGDNon-Member Cost: $1000 SGD

Venue:

Prerequisite: Intermediateproficiency using Excel and a solidgrasp of basi ngfundamentals are required.

Build a fully integrated financial statement on model with income statementons, a self-balancing balance sheet, an automated cash flow statement, and the

balancing cash flow sweep/debt schedule. While knowledge of advanced ngconcepts is not required for this course, you should possess knowledge of basic

ng r os and a basic understanding of how the major financial statements areinterrelated. Emphasis is placed on the integr on of the major financial statements andbecoming experts in Excel. Learn how to balance a model lizing debt sweep and thedanger of circular references. You will leave the classroom with a fully constructed modelthat can be customized and applied to other companies. You will be able to layer otheranalyses onto thi on model, including credit and leverage st cs, valua onanalyses, or mergers and acquisi ons modeling.

**IMPORTANT - PLEASE NOTE**To maximize the edu onal value of this program, we strongly recommend that you havean intermediate understanding of Excel. Lack of basic Excel skills will impede your abilityto eff vely acquire and implement the techniques and shortcuts that are presented inthis program. Bring your PC laptop with a working USB slot and Mi Excel installed.Macs may not be as eff ve.

As a t in the CFA e Approved-Provider Program, CFA Singapore hasdetermined that this event qualifies for 7 credit hours. If you are a CFAmember, CE credit for your a endance at this event will be cally recorded inyour CE diary.

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Tuesday, May 5, 2009

Wednesday, May 6, 2009

Wednesday, May 6, 2009

Tuesday, May 5, 2009

Singapore ManagementUniversity

Singapore ManagementUniversity

Now $800

Now $650

Now $800

Now $650

Now $800

Now $650

Now $800

Now $650

Advanced Financial Modeling Part II – Enhancements

9:00 AM - 5:00 PMMember Cost: $850 SGDNon-Member Cost: $1000 SGD

Venue:

Prerequisite: Intermediateproficiency using Excel and a solidgrasp of basi ngfundamentals are required. The“Advanced Financial Modeling –Core Model” course is highlyrecommended.

Enhance core integrated financial model by building addi onal analyses including:detailed depreci on schedule, robust tax schedule, financial ra os comparison,

on of credit and leverage cs, residual income, and EVA analysis. For capitalintensive businesses, it is cri cal to derive a more precise depreci on schedule that flowsoff Capital Expenditures as ons instead of merely ng percentage of revenue.Incorporate fundamental factors such as remaining useful life mates and depreci onof exis ng net PPE and new CapEx based on weighted average life ons. Simplifyyour credit analysis as we automate the mated credit r os analysis for you with ourunique proprietary on that is supplied for you and flows from the corestandalone on model. Build a detailed tax schedule incorpor ng NOLs (NetOpera ng Losses), limi ons on NOL usage and differences between book and taxdeprecia on. Bolt on and evaluate a residual income analysis (based on equity cost ofcapital) and an EVA analysis (based on total capital) instead of the tradi onal DCFval on. This standalone, add-on course will allow you to have much more detailedinputs to your stand-alone financial model and val on model!

**IMPORTANT - PLEASE NOTE**To maximize the educa onal value of this program, we strongly recommend that you havean intermediate understanding of Excel. Lack of basic Excel skills will impede your abilityto eff vely acquire and implement the techniques and shortcuts that are presented inthis program. Bring your PC laptop with a working USB slot and Mi el &PowerPoint installed. Macs may not be as eff ve.

As a t in the CFA e Approved-Provider Program, CFA Singapore hasdetermined that this event qualifies for 7 credit hours. If you are a CFAmember, CE credit for your a endance at this event will be cally recorded inyour CE diary.

Advanced Excel Part II – Ex aphing Techniques & PowerPoint Integra

9:00 AM - 5:00 PMMember Cost: $850 SGDNon-Member Cost: $1000 SGD

Venue:

Prerequisite: Intermediateproficiency using Excel is required.This is a technical workshopfocused on manipul ng andanalyzing data, not financial orval on modeling.

This course builds upon our Advanced Excel for Data Analysis course and focusesadvanced cha ng & graphing techniques and how to properly integrate with PowerPointwhile avoiding the dreaded linking between files. This is a cri cal, must-take courseespecially for finance professionals that have to create graphs in their presen ons,reports and slides. In cular: construct combi on charts and graphs includingprecise ons and secondary axis f ng; calculate and create moving averagecharts and graphs; create simple column and cumul ve column (or bar) chart; createhistorical line chart with average, high and low bars; create dynamic charts and graphicsthat cally update as addi onal source data is added; learn how to createcomplex, combi on charts such as double stacked charts; go all out by building a“football field” val on range chart that combines triple stacked charts with XY sca erplot to automate current stock price line; learn best ces of bringing Excel charts andexhibits into PowerPoint; avoid the forbidden linking between files; learn the fastest andbest ways to work in PowerPoint without the mouse!

**IMPORTANT - PLEASE NOTE**To maximize the educa onal value of this program, we strongly recommend that you havean intermediate understanding of Excel. Lack of basic Excel skills will impede your abilityto eff vely acquire and implement the techniques and shortcuts that are presented inthis program. Bring your PC laptop with a working USB slot and Mi el &PowerPoint installed. Macs may not be as eff ve.

As a t in the CFA e Approved-Provider Program, CFA Singapore hasdetermined that this event qualifies for 7 credit hours. If you are a CFAmember, CE credit for your a endance at this event will be cally recorded inyour CE diary.

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Thursday, May 7, 2009

Friday, May 8, 2009

Friday, May 8, 2009

Thursday, May 7, 2009

Singapore ManagementUniversity

Singapore ManagementUniversity

Instructor Biography

Mr. Hamilton Lin, CFA

Hamilton Lin, CFA, is President of Wall St. Training (www.wallst-training.com), a corporate trainingfirm that teaches the fundamentals of financial analysis, modeling and valuation. Clients includeprestigious firms including some of the largest investment banks, many boutique investment banks,buy-side asset managers, research firms and commercial banks, such as Banc of America Securities,Capital Group, CIBC World Markets, CIT Group, Citigroup, Credit Suisse, Deutsche Bank, Dow Jones,FactSet, Fidelity, GE Private Equity, Greenhill, JPMorganChase, TD Securities, TIAA-CREF, World Bank(IFC) and many others. Hamilton has a broad background in investment banking and mergers &acquisitions in diverse industries ranging from oil & gas to insurance to asset management and

related sectors. He has worked on over six dozen deals and closed over three dozen deals, ranging from plain vanilla deals, tosqueeze-outs, LBOs and distressed situations ranging in deal value from $10 million to over $6 billion.

Prior to founding his firm, he worked at: Goldman Sachs Investment Banking, where he standardized his group's best practices;Banc of America's M&A department, where he customized many of the firm's models; various boutique middle-marketinvestment banks, executing private transactions; and Ryan Labs, an asset-liability asset management firm. Hamilton teachesglobally, from all major cities in the USA including NYC, San Francisco, Chicago, to Asia including Hong Kong, Singapore,Shanghai to Europe including London and most major financial hubs.

Hamilton has taught as an adjunct professor at Baruch College and Hunter College in New York City. He graduated from NYUStern in Finance and International Business, is a Chartered Financial Analyst and has taught all levels and all study sessions ofthe CFA exam. He also teaches all of the financial modeling and valuation courses (dozens of classes a year) at the following CFAInstitute member societies:

- New York Society of Securities Analysts - San Francisco CFA Society- Chicago CFA Society- Boston Security Analysts Society- The Hong Kong Society of Financial Analysts- CFA-China: Shanghai & Beijing- Singapore CFA Society- Toronto CFA Society- Stamford CFA Society

Refer to next page for Reservation Form

Advanced Reserva on Form - Advanced Financial Modeling Series

Advanced Res on is required due to limited capacity.

For participation, please complete the fields below and fax back to CFA SingaporePlease indicate membership ID to enjoy members’ rate.

Al vely, Reserva on can be made via email

*Members/guest without registr on will NOT be admi ed

*Admission/seats are subject to availability

I would lik end: (Ple ) in the relevant box)

Programme Member$ 850 SGD$ 650 SGD

Non-Member$ 1000 SGD$ 800 SGD

Nuances 5 May '09, 9:00 AM - 5:00 PM

Advanced Financial Modeling – Core Model6 May '09, 9:00 AM - 5:00 PM

Advanced Financial Modeling Part II – Enhancements7 May '09, 9:00 AM - 5:00 PM

8 May '09, 9:00 AM - 5:00 PM

Total Sum $ SGD

Name: Mr./Mrs./Ms./Dr./__________________________________________ Membership No.: ________________

Email:________________________________________ Tel: ______________________ Fax: ____________________

Company: ______________________________________________________________________________________

Address:________________________________________________________________________________________

_______________________________________________________________ Postal Code: _____________________

Payment Details (Bank, *Cheque No.): ____________________________________ Amt Due: S$________________*All cheques to be made payable to ‘CFA Singapore’c/o 10 Shenton Way #13-02 MAS Building, Singapore 079117

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I, ______________________________ hereby authorize CFA Singapore to charge my credit card account for the

amount $_____________SGD

Credit Card (VISA/AMEX/MC): ____________ ___________ ____________ ___________ (Expiry: /20 )

P for Financial Sector Development Fund (FSDF) support on a case by case basis. Interestedapplicants should submit their at directly. For enquiries, please contact the FSDF secretariatat 6229 9396 or via email at fsdf@mas.gov.sg

CFA Singapore(a member society of CF tute)

10 Shenton Way, MAS Building, #13-02, Singapore 079117Phone: 6327-5437 or 6323-6679 Fax: 6323-7657

E-mail: events@cfasingapore.org

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