Overview

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Analyze merger transactions, evaluate enterprise value, construct LTM financials, and build pro forma financial statements to assess acquisition impact. By completing this course, learners will develop practical skills in merger modeling, valuation techniques, and financial statement integration used in real-world investment banking and corporate finance. This course guides learners step-by-step through the full merger modeling process—from understanding deal structure and calculating offer and transaction values to analyzing target financials and applying valuation multiples. Learners will gain hands-on experience in preparing balance sheet adjustments, calculating goodwill, and building pro forma financial statements that reflect post-merger performance. What makes this course unique is its case-based approach, using a realistic merger scenario to bridge theory and application. Instead of isolated concepts, learners work through an end-to-end financial model, gaining job-ready skills applicable in M&A, equity research, and financial analysis roles. By the end, learners will confidently evaluate acquisition decisions and interpret their financial impact.

Syllabus

Foundations of the Merger Model

This module introduces the core concepts of merger modeling, focusing on understanding deal structure, valuation setup, and the transition from offer value to enterprise value. Learners build a strong conceptual foundation required for financial analysis in mergers and acquisitions.

Deep Dive into Target Valuation

This module explores advanced valuation techniques, including enterprise value analysis and the construction of Last Twelve Months (LTM) financials. Learners develop the ability to interpret recent financial performance and apply it in valuation models.

Financial Analysis & Balance Sheet Mechanics

This module focuses on analyzing historical financials, applying valuation multiples, and preparing balance sheets for merger adjustments. Learners gain practical skills in financial statement interpretation and acquisition accounting.

Pro Forma Modeling & Final Integration

This module integrates all concepts into pro forma financial modeling, enabling learners to build combined financial statements and evaluate the financial impact of mergers. It emphasizes synergies, adjustments, and final performance assessment.