XLRI and ICICIdirect's Centre for Financial Learning offers an Executive Certificate Programme in Corporate Finance and Modeling aimed at enhancing financial literacy and modeling skills. The program spans 150 hours over 12 months, covering accounting, finance, and Excel skills necessary for creating financial models, with classes conducted online and supplemented by an on-campus orientation. Admission requires a graduate degree and work experience, with a program fee of ₹185,000 plus applicable taxes.

1. XLRI AND ICICIDIRECT CENTRE FOR FINANCIAL LEARNING
THE EXECUTIVE CERTIFICATE PROGRAMME IN
CORPORATE FINANCE AND MODELING
PRESENTS

2. 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.

3. About ICICIdirect Centre for Financial Learning (ICFL)
ICICIdirect Centre for Financial Learning (ICFL) is an initiative of ICICI Securities set-up with an objective of simplifying financial knowledge and increasing
financial literacy amongst prospective or experienced investors and knowledge seekers. ICFL training programmes are categorised under Investment Education
Programmes and Professional Certification & Development Programmes. The repository of domain knowledge includes a 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.

4. Programme Objective
While doing any financial analysis, one must be very comfortable with doing highly numerically intensive calculations quickly
and accurately. This is where spreadsheet models help a lot. Using in-built features of excel, one can develop highly complicated
models and do additional analysis like what-if analysis, simulation, sensitivity analysis, etc.
This programme will enable participants to build dynamic financial models in the field of corporate finance. Participants will also
learn theoretical concepts in accounting and finance, that are needed to understand the structure of a sound financial model. In
addition, this programme will also expose participants to the basic and advanced features in Excel, so that those with no
substantial background in Excel will also be able to build financial models.
The different concepts, where required and applicable, will be explained using examples from different types of industries like
financial services, e-commerce, manufacturing and other services industries.

5. Eligibility & Admission Procedure:
Eligibility:
Graduates / Post Graduates from universities recognised by the Association of Indian Universities, with at least two years of work experience.
Admission Procedure:
1. Application Form - All interested candidates should fill out the application form. The completed application form along with the application fee of
`20,000 plus applicable taxes, must be paid at the time of submission. This fee is non-refundable.
2. Application Screening - Upon submission of the completed application form, the application will be screened based on the candidate’s
academic performance and work experience.
3. Selection - Selection to the programme is based on the basis of application and fulfillment of eligibility criteria.

6. Programme Design:
This programme consists of around 150 hours of course delivery using an information technology platform. The programme is
spread over a twelve month duration. In order to supplement learning through the technology platform, there will also be a
five-day on-campus orientation module. Courses offered in this programme are as follows:
Module 1 – Accounting for Financial Modeling
Understanding Financial Statements
Importance & Utility of Cash Flows
Legal Framework - An Overview
A look at Financial Statements of a representative company
Analysing Financial Statements
Module 2 – Finance for Financial Modeling
Time Value of Money
Risk and Return
Cost of Capital
Project Appraisal (NPV, IRR, Payback)
Stock and Bond Valuation
Business Valuation
Analysing Business Performance
Financial Analysis in Mergers and Acquisitions

7. Module 3 – Basic Excel Skills necessary for Financial Modeling
Getting Started with Excel (icons in ribbon, file management, regional and managing language settings in control panel)
Understanding Basic Features in Excel (auto-sum, auto-fill, paste special, cell comments, adding borders and lines, inserting object)
Working with Multiple Worksheets and Workbooks (viewing the same worksheet in multiple windows, creating duplicate worksheets,
moving worksheets, writing three-dimensional formulas)
Simple Formulas and Functions (Relative and absolute reference, interpreting errors in Excel, getting help in functions, some useful functions in Excel)
Formatting in Excel (Basic number formatting, formatting currency and dates, creating styles, using simple conditional formatting in excel)
Using Charts (use a chart or table? Inserting charts, formatting different chart elements, deciding on the right chart for the data)

8. Module 4 –Advanced Excel Skills necessary for Financial Modeling
Managing Data in Excel (how to organise data, checking data integrity issues, data validation)
Data Tables (managing data tables)
Mastering Formulas and Functions in Excel
Learning some of the Key Functions in Excel (IF, INDEX, MATCH, SUMIF, SUMIFS, COUNTIF, COUNTIFS, SUMPRODUCT)
> Understanding the error messages in Excel, using absolute and relative reference
Use of Names in Excel (cell name and range name, managing names)
Pivot Tables (pivot tables and charts, formatting pivot tables, calculated item and calculate field, grouping within pivot tables, use of slicers)
Advanced Formatting of Data
> Formatting used in financial models, keyboard shortcuts for auto number formatting, conditional formatting
Preparing Advanced Charts in Excel
> Creating dynamic charts, creating non-standard charts
Forecasting in Excel (regression model, time series models)
Understanding Basic Macros
> Recording macros, executing macros, managing macro security issues, creating simple macros

9. Sales Forecasting
What is Sales Forecasting
Levels of Forecasting
Sales Forecasting Procedures
Importance of Sales Forecasting
Sales Forecasting Process
Forecasting Errors
Sales Forecasting Techniques :
Qualitative (example Delphi) and Quantitative (example Time Series)
Budgeting
Note: The duration of the programme will be twelve months.

10. Programme Fee:
The programme fee is `1,85,000 /- (One lakh eighty five thousand only) plus goods and services tax as applicable. The above
fee includes a campus visit fee. All payments to be made in favour of XLRI Jamshedpur.
Programme Delivery:
Courses will be delivered through on-line mode using appropriate technology platform. Lectures will be delivered through
broadband based technology involving two-way audio and video communication. Classes will be held on Sundays. Participants
will be provided reading materials etc. for each course. They may also interact with the concerned faculty through e-mails /
chat mode.

11. Faculty Profiles
Prof. Pitabas Mohanty [Fellow (IIMB), CFA, Cost Accountant]
Area of Research Interests:
1. Business Analysis and Valuation
2. Financial Modelling Using Excel
3. Corporate Finance
He got the Best Research Paper Award at the 11th Annual Convention of AIIMS
held at XLRI Jamshedpur in August, 1999 for the paper titled Group
Diversification and shareholders Wealth: The case of the Indian Business Groups.
He got the outstanding paper award at the Capital Markets Conference held at
UTI Institute of Capital Markets at Navi Mumbai in December 1998 for the paper
titled Unrelated Corporate Diversification and shareholders value. He got the best
paper award in the secondary market category at the Capital Markets Conference
held at UTI Institute of Capital Markets at Navi Mumbai in December 1997 for the
paper titled EPS: Its relationship with stock returns.
He also got the Citibank Research Excellence Award in 1996 for the paper titled
P-E ratio and Indian Equity Research at IIM Bangalore. He was awarded with the
P D Agarwal Foundation award for the thesis proposal at IIM Bangalore.
Academic Distinction:
Received the Best Young Teacher Award from the Association of
Indian Management Schools at the 13th Annual Convention held
at Visakhapatnam in 2001.

12. Prof. Uday Damodaran [BSc (Phy), Kerala; M.Stat (SQC&OR),
Indian Statistical Institute, Delhi; Fellow, Indian Institute of
Management Bangalore]
Area of Research Interests:
1. Business Analysis and Valuation
2. Financial Modelling Using Excel
3. Corporate Finance
Academic Distinction:
1. Corporate Finance
2. Investments Financial Derivatives
3. Behavioral Finance
4. Finance Theory I for PhD Students
5. Past Placement Chairman, Xavier Institute of Management Bhubhaneshwar
6. Past Placement Chairman, Goa Institute of Management, Panjim
7. Past PGP Chairman, Indian Institute of Management Kozhikode
8. Past Placement Chairman, XLRI Jamshedpur

13. Certification
The “Executive Certificate in Corporate Finance and Modeling” will be awarded to the participants on successful
completion of the Programme.

14. ICFL Contact Details:
Email ID: learning@icicisecurities.com
Website: learning.icicidirect.com
XLRI Contact Details:
Email ID: prabha@xlri.ac.in
Phone No.: +91 65766 53119 / 3277
Website: http://sat.xlri.ac.in
Our Authorised Learning Centre / Business Associate:
ICFL Branches:
Contact Us
ICFL Authorised Learning Centres:
Bengaluru - Jayanagar 5th
Block +91 9108683683
Delhi - Jhandewala Extension +91 8588816146
Mumbai - Andheri East +91 8451943442
Pune - F C College Road +91 8390904865
Hyderabad - Raj Bhavan Road +91 8427484084
Kolkata - Shakespeare Sarani Road +91 8697748207
Bengaluru - Kormangala +91 9742273109
Chennai - T Nagar +91 9742273109
Delhi - Gurgaon +91 7838352716
Delhi - Pitampura +91 7838352716
Delhi - Kirti Nagar +91 7838352716
Hyderabad - Kukatpally +91 9742273109
Indore - Khajarana Road +91 9619359592
Kolkata - Kasba +91 9477884429
Mumbai - Kharghar +91 9619359592
Mumbai - Borivali +91 9619359592
Navi Mumbai - Turbhe +91 9619359592
Maharashtra - Sangli +91 9619359592
Kochi - Gold Souk Grande +91 9742273109
ICICI Centre for FinancaI Learning is a part of ICICI Securities Ltd.( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Centre, H. T. Parekh Marg, Churchgate, Mumbai - 400020, India, Tel. No.: 022 - 2288 2460, 022 - 2288 2470. The contents 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 ICICI Group or any other organization. Participants should make independent judgements with regards to suitability, profitability, and fitness of any programme offered herein above. I-Sec and
affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon.