Virtual Course on
Equity Analyst Training
Course Overview
By the end of the course, participants will have a thorough understanding of the entire equity valuation process. They will gain specific knowledge in industry analysis, financial model building, equity valuation methodologies, and investment note writing. Additionally, they will be equipped to form a defensible investment thesis by applying the fundamental concepts learned, which have been carefully structured to ensure a systematic understanding of equity valuation.
Conditions for Certificate of Participation
To be eligible for the Certificate of Participation, participants must:
- Maintain a minimum of 80% attendance across all sessions.
- Complete and submit the assessment provided at the end of the final session within the specified deadline.
Course Outline
- Industry Analysis
- Guide to SEC Filings
- GAAP to Non-GAAP Adjustments
- Restatement of the Income Statement
- Financial Modeling Best Practices
- Identifying Revenue Drivers
- Identifying Cost Drivers
- Forecasting Revenue and Costs
- Forecasting Other Income Statement and Balance Sheet Items
- Balancing the Financial Model
- Relative Valuation
- DCF Valuation
- Investment Note Writing
Course Schedule
| CFA EATP - Q3 2026 | |||||
|---|---|---|---|---|---|
| Date | Time | Session | Trainer | Course Objective | Course Content |
| Friday, October 2, 2026 | 9.00am - 11.00am | Industry analysis |
Pranavan Premarajah Associate Director, Acuity Analytics |
Objective of this module is to describe how to find industries that generate sustainable shareholder returns using Porters five forces analysis |
|
| Friday, October 9, 2026 | 9.00am - 11.00am | Guide to SEC filing |
Vidula Saundararajan Delivery Lead, Acuity Analytics |
Objective of the module is to familiarize the analysts with different legal filings and objectives behind it |
|
| GAAP to Non GAAP | Importance of recurrent earnings | ||||
| Restatement of IS | Identifying the recurrent earnings and the importance of EBITDA | ||||
| Friday, October 16, 2026 | 9.00am - 11.00am | Modeling best practices |
Rihab Faisal Associate Director, Acuity Analytics |
Objective is on how to present the data and the best practices to follow in order to present an error free model |
|
| Revenue drivers | The course on revenue drivers helps to understand the various structures of revenues of companies which is being reported in filings, investor presentations or call transcripts. Analysts will identify price and volume proxies to perform revenue forecast |
|
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| Friday, October 23, 2026 | 9.00am - 11.00am | Cost drivers |
Rihab Faisal Associate Director, Acuity Analytics |
The course covers why cost drivers is important for investors, steps in identifying cost drivers, various structures of operating cost that is being reported in SEC filings, investor presentation or call transcripts |
|
| Forecasting revenue & cost | This course covers the approaches to be adopted by the analyst to forecasting revenue and operating cost |
|
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| Friday, October 30, 2026 | 9.00am - 11.00am | Forecasting other line items in IS & BS |
Rihab Faisal Associate Director, Acuity Analytics |
The course covers how we forecast other line items after EBITDA to net income along with some line items in balance sheet. This course covers approach to forecast line items from EBITDA to Retained Earnings post dividends. |
|
| Balancing the model | The course orients linking of 3 financial statements. It covers step by step approach to balance the model and ensure Assets = Equity + Liabilities at any given point of time |
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| Friday, November 6, 2026 | 9.00am - 11.00am | Relative Valuation |
Rihab Faisal Associate Director, Acuity Analytics |
This module will cover the different multiples that are used for the valuation and the concepts of Enterprise value and its components. At the end of the session analyst should be able to use the ideal multiple for the company considering its position within the industry |
|
| Friday, November 13, 2026 | 9.00am - 11.00am | DCF Valuation |
Hamdhan Othman Delivery Manager, Acuity Analytics |
The session covers insights about the concept of WACC, calculation of Free Cash Flows, and common errors while doing DCF |
|
| Friday, November 20, 2026 | 9.00am - 11.00am | Investment note writing |
Sanduni Rajapaksha Senior Professional, Acuity Analytics |
This training includes best practices of writing investment notes |
|
Prerequisites
Basic Financial Accounting knowledge is required to follow this course.
Key Benefits to
Individuals
- Gain comprehensive knowledge in equity valuation, financial modeling, and industry analysis, enabling more informed investment decisions.
- Enhance career prospects and increase potential for promotions by acquiring advanced financial analysis skills.
Key Benefits to the Organization
- Improve strategic decision-making by empowering employees to conduct thorough and accurate financial analyses.
- Develop robust investment strategies based on sound valuation methodologies, leading to better financial performance.
Target Audience
Financial Analysts, Investment Banking Analysts, Portfolio Managers, Corporate Finance Professionals, Business Development Managers, Consultants, Experienced Finance Professionals, Private Equity and Venture Capital Analysts, Individual Investors
Facilitators
Acuity Analytics
Acuity Analytics
Acuity Analytics
Acuity Analytics
Acuity Analytics
- Date: 02nd of October 2026.
- Time: 8 weeks from 9:00 am to 11:00 am
- Venue: 16 Hours of virtual training via Zoom on Fridays
Register before 30th September 2026
Registrations will be on a first come first served basis and limited.
Participant fee
• Course worth of 2500 USD is offered to CFA Charter holders in Sri Lanka and Candidate council members at a special fee of Rs 20,000.
• Others / Non-members – Rs. 45,000
To Join:
If an invoice is not required, follow the process below
Step 1 : Register Here
Step 2:
Make the payment to the following bank account (Direct Deposit / Fund Transfer) :
- Bank : HNB
- Account Title : CFA SOCIETY SRI LANKA
- Account No : 701010017612
- Swift Code : HBLILKLX
- Bank Code : 7083
- Branch Code : 701 ( Nawam Mawatha )
Payment Reference : If paid by a company – Please mention the Company Name.
If paid by an individual – Please mention Your Name.
Step 3:
After making the payment, please email your payment receipt or confirmation to – minura@srilanka.cfasociety.org with your name and the company name (Please note that these details mentioned in the email need to match exactly with registration details.)
- CFA Charterholders and Candidate Council Members : Rs. 12,000
- Non-Members : Rs. 18,000
If an invoice is required, follow the process below
Step 1 : Register Here
(If there are more than 1 participant to register, please register them one by one)
Step 2:
Request an invoice by mentioning details of the participant / participants via minura@srilanka.cfasociety.org (Please note that these details mentioned in the email need to match with registered details.)
Step 3:
Following the invoice shared, Make the payment to the following bank account (Direct Deposit / Fund Transfer):
- Bank : HNB
- Account Title : CFA SOCIETY SRI LANKA
- Account No : 701010017612
- Swift Code : HBLILKLX
- Bank Code : 7083
- Branch Code : 701 ( Nawam Mawatha )
Step 4:
After making the payment, please email your payment receipt or confirmation to – minura@srilanka.cfasociety.org
Missed the program? Click on the button below to download a softcopy of the presentation slides,
Minura Senadeera at 0742661283 | minura@srilanka.cfasociety.org