PRESENTS

ICICIdirect Centre for Financial Learning (ICFL) is an initiative of ICICI Securities Ltd.

set up with an objective of simplifying financial knowledge and increasing financial

literacy amongst prospective or experienced investors & knowledge seekers. ICFL

training programmes are categorized under Investment Education Programmes and

Professional Certification & Development Programmes. The repository of domain

knowledge includes host of in-house developed seminars, workshops, certifications

and training programmes leading to reputed certifications. These programmes are in

the area of Stock Investing, Derivatives, Mutual Funds, Financial Planning, Wealth

Management, Corporate Finance, etc.

ICICIdirect Centre for Financial Learning has been conferred with the Award for

Innovation in Learning and Best Online Learning Solution at the World Education

Congress. It also won the Emerging Brand Award at CMO Asia in Singapore.

About Xavier School of Management Jamshedpur (XLRI)

Founded in 1949, XLRI, managed by Jesuit Fathers has always strove to be a

management school with a difference. Pursuit of academic excellence and fostering

whole-person integral growth - intellectual, emotional, spiritual and social persona of

students has been the hallmark of XLRI for over six decades.

About ICICIdirect Centre for Financial Learning (ICFL)

Prof. Sabyasachi Sengupta

Chartered Accountant (ICAI), Cost Accountant (ICWAI) and Company Secretary

(ICSI)

Has worked in various organizations across a few industries for eight years before

joining XLRI (Jamshedpur) in the year 1998. Areas of expertise, specialization and

interest includes (amongst others), Management Accounting (Financial & Cost

Accounts), Corporate Financial Management, Working Capital Management,

Financial Planning and Control, Project Appraisal, Mergers, Acquisitions & Corporate

Restructuring, Direct & Indirect Taxation, Corporate Laws & their implications etc.

While in industry he had specialized in developing Accounting & Costing Systems,

structuring MIS reporting, dealings with Banks and Financial Institutions and in

various fields of Management Consultancy services.

Dr. Santoshkumar Sangem

M.Com (Mumbai), Chartered Accountant (ICAI), Chartered Financial Analyst

(ICFAI), Fellow of Indian Institute of Management Calcutta

Has worked with a firm of practicing Chartered Accountants where he worked on

audit and internal control system assignments and developing mechanisms for

efficient MIS generation and reporting. Subsequently he went on to do a Doctorate

in Economics at IIM Calcutta after which he joined XLRI (Jamshedpur) in 2009. His

teaching and training interests are courses and topics related to Financial

Accounting, Cost Accounting, Management Control Systems, Financial Analysis,

Corporate Finance, Valuation, Banking, and Financial Markets. His research interests

are primarily Macroeconomics, Economics of banking and bank regulation, risk

management and performance evaluation in banking, asset pricing theories,

economic theories of the firm, corporate financial structures and corporate

governance.

About the Faculty

Equity analysis is a multi-faceted discipline requiring an understanding of financial analysis, industry analysis, financial forecasting techniques, and valuation practices. The objective of this program is to equip participants with an overall understanding of tools and techniques most widely used in equity research.

The integrated case study approach followed in this program is unique in that the participants are also provided an opportunity to apply all tools and concepts covered during the program to a select company. This program will also provide participants a foundation from which they may develop their own approaches to equity research and also for a future study of the nuances of equity research for unique sectors such as banking, insurance, and so on. At the end of this program, participants will have an understanding of concepts and tools required to prepare an equity analysis report.

Programme Objectives

The pedagogy will comprise a combination of lectures by XLRI faculty and industry experts, and analysis of real life case studies. Periodic assignments or quizzes may be used to strengthen the understanding of the topics. At the end of the program, each participant will be required to prepare an equity research report for evaluation.

Pedagogy & Evaluation

Part 1: Accounting & Financial Statement Concepts for Equity Research• What is Equity Research?• Financial Statement Analysis• Techniques for Comparative Analysis• Using an Annual Report to Generate Qualitative Information about a Company• Earnings & Cash Flow Management Practices• Introduction to Technical Analysis of Price & Volume Trends• Assessing Objectivity of Analyst Reports• Preparing the Financial Analysis Section of an Equity Research Report – A Case Study

Part 2: Understanding the Industry and the Business• Interface of Macroeconomic Policy Environment and Industry• Industry Value Driver Analysis• Identifying and Monitoring Critical Success Factors• Preparing the Industry and & Company Analysis Section of an Equity Research Report – A Case Study

Part 3: Financial Statement Forecasting using Spreadsheets• Financial Statement Forecasting Techniques• Developing Financial Forecasting Models in MS-Excel• Preparing the Financial Statement Forecast Section of an Equity Research Report – A Case Study

Part 4: Valuation Techniques• Identifying Key Valuation Drivers• Developing & Validating Growth Forecasts• Traditional Multiples Based Valuation • Cash Flow Based Valuation • Accounting Based Valuation: EVA, Residual Income Approaches• Preparing the Valuation Section of an Equity Research Report

Assignment for Submission: Preparation of Equity Research Report for a Listed Company of your choice

Programme Structure

The entire program would be delivered through the virtual classrooms. ICFL virtual classrooms would be enabled with the technology whereby the program faculty will deliver the lectures from one or more studios and the students enrolled in the program could attend it from different points, for eg: ICFL classrooms(owned and Franchisees) and even from their locations through any device like desktop, laptop, tablet or mobile . However for better learning experience a student would be advised to attend the program from the ICFL classrooms.

Program Delivery

Certification Criteria:• ‘Completion Certificate’ on having a minimum attendance of 70% of the sessions and submission of the evaluation assignments for the programme• ‘Participation Certificate’ on having a minimum attendance of 50% of the sessions and submission of the evaluation assignments for the programme• No certificate shall be issued unless all evaluation assignments are submitted• No certificate shall be issued to a candidate having less than 50% attendance of the sessions

Programme Start Date: August 20, 2017

Last date for submission of application: July 31, 2017

Programme Fees:Total Course Fee: `36,000 + plus applicable taxPayment Structure:• Application fee - `18,000 + plus applicable tax on submission of application• Installment 1 - `18,000 + plus applicable tax on or before September 7, 2017

Total Programme Duration: 30 hours spread over 8 to 10 weeks Programme Schedule: Every Sunday from 6:30 pm to 9:30 pm

Award of Certificate

Programme Details

This program is designed for both practicing and aspiring equity analysts from both the buy side and the sell side. Since the program is designed at an intermediate level, participant must have a prior understanding of financial statements and beginners level financial analysis.

Who Should Attend?

• For Indian Participants - Graduates (10+2+3) or Diploma Holders (only 10+2+3) from a recognized university (UGC/AICTE/DEC/AIU/State Government) in any discipline.• For International Participants - Graduation or equivalent degree from any recognized University or Institution in their respective country.

Eligibility Criteria

ec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Centre, H. T. Parekh Marg, Churchgate, Mumbai - 400020, India, Tel Noed officecececce of I-Sceeceece oof Iceece -SecSSe is-SS s at ICIurities Ltd.( I-SecuriecuSecICICI SSS nd0, IndiInd0, In00000020, 0220, 0,0000,, 00000000- 4400000bai - Noo : 02 : 8822 - 228 0288888 22460, 888 22222222 -nts herein above shall not be considered as an invitation or persuasion to trade or invest. These programmes do not guarantee any job or placements with ICe shae shallll noe sh ot bnotot be conbThe contents470. Th2288 2472447 uarantee ateetaranteetuararararot guarantee any jant guguuuararado nonooooo job ot guarantee any jooooooo oror plar ncaccec mecccccc nntnn ICnnntts t with nn CCICCCCI

organization. Participants should make independent judgment with regard suitability, profitability, and fitness of any program offered herein above. I-Sec articipan shouother oany otherGroup or anan y program offea oaprogragramm offmam of a y ppof any program offered y program offerefff anynyy pp gram offered eres oo ihd hereihh veinnnn abovnn eeee c aee. II-Sec nndd bilities for any loss or damage of any kind arising out of any actions taken in reliance thereon.This mail is not directed or intended for distribution to, or use baept no liabilities focept no liaaffiliates accepce or intendintendeoror intinteetnteerected or intended fondedeecteddd ororoor intintintendendene ed e forndndendenot direre r distribor dr drr did stribdd n tobbubbution bb ttoo se bo,o, oor us bbbbbyy,

citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or uentity who is a entitany person or entt tion, publication, an, publication,stributiotiooo publicati n,n,tiotiooo availabilan,n, avaavailabbibilbibil r uiillilittyy or uus uld ssese wou bbbbe ewhich would subject I-Sec and affiliates to any registration or licensing requirement within such jurisdicticontrary to law, regulation or wcontrary to law, re uldco ction..

Email Id: learning@icicisecurities.com

Website: learning.icicidirect.com | SMS 'EDU XLRI' to 5676766

Our Authorised Financial Learning Partner / Business Associate:

ICFL Branches:

Contact Us

Bengaluru - Cunningham Road +91 9108683683

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ICFL Authorised Learning Centres:

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