Financial Modeling & Valuation Analyst

(FMVA)® Certification Program

CFI’s Financial Modeling &

Valuation Analyst (FMVA)®
Certification Program covers the
most important skills required to
become a world-class financial
analyst including finance,
accounting, Excel, financial
modeling, valuation, budgeting,
forecasting, presentations,
dashboards, and strategy.

How It Works
100% online;
 Complete real-world case studies in
learn at your own pace Excel and PowerPoint

14 required courses
 Earn a minimum passing grade of 80%

(11 core and 3 electives) in each course assessment

Common Career Paths

Financial Planning & Analysis
29 total courses (14 required)

Investment Banking
Recommended study time of 120 - 200 hours

Corporate Development
127+ downloadable templates

Equity Research
Average completion time of 6 months
Private Equity & Venture Capital

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 Financial Modeling & Valuation Analyst
( )®
FMVA Certification Program

All Courses Curriculum Topics

Prep Courses optional ( )

Financial Modelin g

Accounting Fundamental Strategy (4%) Financial

Accounting (5%) 3-statement financial modelin
Capital IQ Fundamental Modeling
(25%) Discounted Cash Flow (DCF
Excel Crash Cours Presentation
& Visuals Scenario and sensitivity analysi
Introduction to Corporate
(8%) Monthly cash flow forecastin
Financ
Macabacus Essential Accretion/dilution analysi
Budgeting & Finance
Math for Corporate Financ Forecasting (23%) Leveraged Buyout (LBO
Reading Financial Statement (8%) Mergers & Acquisitions (M&A
Valuation Excel (17%) Industry-specific financial modelin
(10%)
Core Courses re uired ( q )











Excel

Accounting Principles and

Finance

Functions and formulas (XNPV, XIRR, PMT,

Standard
Budgeting and Forecastin Present value, future value, net present IPMT, VLOOKUP, CHOOSE, INDEX MATCH
Building a 3 Statement Financial value, terminal valu MATCH, OFFSET
Mode Annuities and perpetuitie Auditing tools (tracing
Business Valuation Modeling Capital market precedents/dependents, go to special,
Part conditional formatting
Capital raising process — Initial Public
Business Valuation Modeling
ff
O ering (IPO Data validation, data table, goal see
Part I Solver and Macro
Capital structure — debt financing,
Dashboards and Data
equity financin
Visualizatio
Financial Analysis Fundamental
Bond pricing, par value, coupon rate, Budgeting & Forecastin g

yield to maturit
FP&A Monthly Cash Flow Incremental, activity based, value
Forecastin proposition, zero based budgetin
PowerPoint and Pitchbook Break-even analysis, margin of safet
Valuation

Professional Ethic Quantitative forecasting — moving average,

Comps analysis
Scenario & Sensitivity Analysi simple and multiple linear regressio
Precedents analysis
Variance analysi
Discounted cash flow (DCF) analysi
Electives Courses (choose 3)

Weighted Average Cost of Capital

Budgeting tools — goal seek, solver,
consolidate, pivot table
Advanced Excel Formula (WACC
Corporate and Business Strateg Enterprise value, equity value multiples
Excel VBA for Financ Free Cash Flow to the Firm (FCFF) and Presentations & Visual s

Leveraged Buyout LBO Modelin Free Cash Flow to Equity (FCFE Dynamic charts and graphs (football field
Mergers and Acquisitions (M&A) Net Present Value (NPV) and Internal chart, waterfall chart, tornado chart, gravity
Modelin Rate of Return (IRR sort table, gauge chart, bullet charts,
Mining Financial Model and
Sum-of-the-Parts (SOTP sparklines, combo chart
Valuatio
Professional pitch deck
Presentation of Financial
Informatio Accounting

Financial dashboard

Real Estate Financial Modelin

Renewable Energy - Solar
Balance sheet, income statement, cash Strateg y

flow statemen
Financial Modelin
Assets, liabilities, shareholders’ equit Strategic analysis proces
Start-up/e-Commerce Financial
Financial transaction Corporate, business, functional-level
Mode
Prepayments, accrued expenses, strateg
The Amazon Case Stud
unearned revenu PEST and Porter’s 5 force
Operating cash flow, investing cash Competitive advantag
Template Li rar b y
flow, financing cash flo Key Performance Indicators (KPIs
Financial Modeling Templates Depreciation method SWOT analysis and lifecycle analysi
Working capita Market segmentation and Porter’s generic
Property, Plant and Equipment (PP&E) strategie

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and Capital Expenditures (CapEx ) Balanced scorecard