The Impact of Tax Reform on Financial Models (Wall Street Prep) – Matan Feldman
Understand the impact of TCJA (2017 Tax Reform) on DCF, LBO, M&A and Financial Statement models that investment bankers and private equity professionals use to analyze transactions
Understand how to modify pitchbook and deal models to reflect tax reform
TCJA impacts far more than the headline tax rate reduction. This course shows investment bankers and private equity professionals how the financial models they use to support M&A and LBO transactions need to be revised to reflect new limits on interest expense deductions, bonus depreciation and changes to NOL rules.
What You’ll Learn
Part 1: Financial Statement Model Impacts
- Overview of the Changes in TCJA
- Modeling Bonus Depreciation
- Modeling Interest Carryforward Limits
- Modeling EBIT and EBITDA Tests
- Modeling NOL Limits
Part 2: Valuation Model Impact
- Overview of Tax Reform Impact on Valuation
- Adjusting Free Cash Flows, WACC and Terminal Value Calculations for TCJA
- How to Deal with NOLs and Carryforwards
Part 3: M&A and Private Equity
- Impact on LBO Models
- Impact on M&A Deal Structures
Course Samples
Wall Street Prep’s “The Impact of TCJA on Financial Models” is used at top financial institutions and business schools.
Course Extras
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Taught by bankers
Our instructors are former investment bankers who give lessons real-world context by connecting it to their experience on the desk.
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Used on the Street
This is the same comprehensive course our corporate clients use to prepare their analysts and associates.
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Free Unlimited Access to the WSP Support Center
Receive answers to questions, free downloads, and more from our staff of experienced investment bankers
Prerequisites
This course assumes basic familiarity with financial modeling, LBO and DCF analysis. Students with no prior background in financial modeling should enroll in the Premium Package prior to taking this course.
Course TOC
Proof Content:
https://www.loom.com/i/8964c4ba8c5e4dfab47d97d00397bc6c
Delivery Method:
After your purchase, you’ll get access to the downloads page. Here, you can download all the files associated with your order.
Downloads are available once your payment is confirmed, we’ll also send you a download notification email separate from any transaction notification emails you receive from Coursedownloads.
