Professional Financial Modeller (PFM®)


Program Profile

PFM – Professional Financial Modeller®

In Partnership between MM UGM with IFMI (International Financial Modelling Institute)

“The most comprehensive master class and very applied financial modeling for corporations in Indonesia and regional country”

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A. Overview

Financial model is a strategic and important skill for investment, banking and finance professionals. Investor, Creditor and Financial Analyst have been using financial models to predict market movement, valuing assets and conduct various analyses. In a complex economic and business situation right now the capability on Financial modeling is a key success for corporate management decision

Professional Financial Modeller (PFM) is an international certification program which awards PFM professional designation (degree or title behind your name) for those attending preparation class and pass single level exam. The curriculum covers the field of financial model, which deals with forecasting, preparing projection on company finances, valuation, project model and risk analysis.

What is Financial Model Competency in PFM  

Financial model is the knowledge for building an abstract representation (a model) of a real world financial situation. This is a mathematical model designed to represent (a simplified version of) the performance of a company or project.

Financial model is crucial for predicting the future of a company or project and become the basis for decision making in regards with planning, investment, lending, acquisition and structuring. Financial models done by investors and analysts worldwide is responsible for the determination of global asset prices and determine the realization of projects in all sectors.

Financial Model for companies and projects commonly consists of several elements you can learn from PFM :

  1. Forecast – prediction done on each important assumptions, where the assumptions are predicted through the use of various tools including quantitative techniques.
  2. Financial Projection – the prediction of future financial statements and condition of the company, developed based on various company assumptions.
  3. Valuation – determine the value of equity, investment or project. Mostly used by capital market analysts.
  4. Feasibility – determine whether a project is feasible for development or acquisition. Mostly used by project managers.
  5. Credit Analysis – determine the repayment capacity of a company or project. Mostly used by credit analysts, especially working in banks and financial institutions.
  6. Risk Analysis – analyzing the level or risk and sensitivity and the probabilistic nature of a model. Used primarily to control and manage the risk of an investment or project.

A. Why PFM Program is Important

  1. PFM Program is very distinguish and high competency financial modeling skill deliver in class
  2. PFM Program has a various corporate financial modeling case and technique which is benefit and applied in business and finance practice
  3. PFM Program will give you a comprehensive corporate financial modeling and project modeling method that bring a advance personal skill in financial modeling
  4. PFM Program is a certification program which allows you the put PFM Designation if you pass
  5. PFM program has a largest financial modeling practitioners and expert network in Indonesia

C. Why You have to Choose PFM to Boost Financial Career

  1. PFM is a complete financial modelling curriculum
  2. Provide with case study in a various comprehensive study
  3. Support with financial modelling advance method and real solution
  4. Getting network and key connection with financial modelling practioners
  5. You can practice and apply your financial modeling advance skill
  6. PFM and IFMI has international financial modelling network and partnership

D. Benefit Join PFM

It is to improve the financial practitioners ability in financial modeling skills. The benefits are

  1. PFM – Professional Financial Modeller ™ certification program has high international quality standard
  2. PFM – Professional Financial Modeller ™ education curriculum is a complete and practical
  3. PFM – Professional Financial Modeller ™  instructor are professional and experienced
  4. PFM – Professional Financial Modeller ™ Education Provider which has international standard
  5. Financial modeling case studies is practices and comprehensive
  6. Get PFM practitioners – Professional Financial Modeller ™ at the international network

E. Target Participant of PFM

  1. Directors & Senior Managers
  2. Corporate Credit Manager/Analyst
  3. Commercial Credit Manager/Analyst
  4. Corporate Planning Manager/Analyst
  5. Finance/Budget Planning/Analyst
  6. Corporate Finance Manager/Analyst
  7. Financial & Investment & Business Analysts
  8. Risk & Treasury Professionals
  9. Investment Banking & Transaction Advisors
  10. Financial Controllers & Auditor & Managers
  11. Private Equity Analyst
  12. Portfolio Managers
  13. Corporate Valuation Specialists
  14. Business Development Managers

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F. Key Value Techniques in PFM Financial Model

PFM curriculum already employs models which are not delivered in other modelling classes and some concepts are proprietary to PFM Program.

A key value financial modeling practices in PFM:

  1. The use of multiple discount rates for calculating discounted based models (Discounted Cash Flow, Net Present Value, etc) which enables a model to be adapted to market environment
  2. Connect the movement of different asset classes (equity, fixed income, feasibility analysis, property, human capital etc) without the use of correlation
  3. New breed of sensitivity measures, including NPV Duration and Equity Duration
  4. New alternative to regression model, the multi factor duration
  5. Application of Two Step Terminal Value method as a new standard in valuation
  6. Sustainability Modelling, the study about unrealized mistakes found in most models
  7. Linear, non-linear, cyclical forecasting techniques and Monte Carlo models
  8. New technique to calculate risk free rate

G. PFM Body of Knowledge

PFM curriculum is developed based on PFM Body of Knowledge (PFM BOK) which is expanded regulary. The PFM BOK is divided into 6 main Sections, namely:

  1. Accounts and Reports Used for Financial Model
  2. Forecasting Techniques and Assumptions
  3. Financial Projection
  4. Valuation Methodologies
  5. Project Financial Model and Feasibility Analysis
  6. Financial Model Sustainability and Risk Analysis

H. PFM Preparatory Program and Examination

The examination is a full day examination consists of two parts:

  1.  Multiple Choice Examination

Participant answers 100 multiple choice questions covering the whole PFM BOK. This Multiple choice exam time 2,5 ( two and half) hours to finish

  1. Computer Practice Examination

Participant fills the given spreadsheet and prepare a full set financial model. This Excel Practice exam time 5 (five) hours
Note:
Failing on one or more modules only requires for exam re-take without attending preparatory class again.

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I. PFM Run Down Activity

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J. PFM Delivers 6 (Six)  Internationally Valuation Models

  1. Discounted Cash Flow
  2. Enterprise Value Based Discounted Cash Flows
  3. Dividend Discount Model
  4. Residual Income
  5. Enterprise Value Multiples
  6. Price Multiples

K. Schedule and Investment Fee for PFM

  1. Schedule PFM – MMUGM Class

MMUGM Jakarta Class

Weekday Class To be Confirmed
Week End Class 16 March – 13 April 2019
 Exam PFM 27 April 2019

MM UGM Yogyakarta Class

Weekday Class To be Confirmed

 Note : Class will be running if the participant more than 10 student
 

  1. Investment Fee

Rp 14.000.000 (Fourteen Million Rupiah)

(Including PFM Modul, PFM Excell Modelling, PFM Multiple Choice and PFM Practice Exam, PFM Attendance and PFM Certificate – pass student)

L. Registration and Information

Please Contact

MMUGM Kampus Jakarta:

Jl. Dr. Saharjo No. 83 Tebet Jakarta Selatan
Telepon: (021) 83700333
Faksimile: (021) 83700372
Imron | 0852 1337 1661 | imron.alamin@ugm.ac.id

MMUGM Kampus Yogyakarta:

Jl. Teknika Utara, Yogyakarta, 55281
Telepon: (62) (274) 515536, 562222
Faksimile: (62) (274) 511035, 564388

Panca | 0812 1563 261 | panca.mulyaningrum@ugm.ac.id

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1.  FAQ (Frequently Ask Question)

  1. What are requirement for Taking PFM Program and Examinantion?

In order to attend onsite class, participant needs to have basic understanding about accounting and finance and have good familiarity with Microsoft Excel, Open Office or similar software. Participant is NOT required to have education or professional experience in financial modelling or finance.

Participant need to have Bachelor degree or in final years of taking undergraduate program. Participant who does not have bachelor degree or not taking undergraduate program may be eligible to obtain PDM Designation as long as the participant minimally has 4 years of working experience.

  1. How is the PFM Curricullum organized?

PFM Curriculum is based on Body of Knowledge (BOK) which is divided into 6 main Sections, namely:

  • Accounts and Reports Used for Financial Model
  • Forecasting Techniques and Assumptions
  • Financial Projection
  • Valuation Methodologies
  • Financial Model Sustainability and Risk Analysis
  • Project Financial Model

The BOK is further organized into sub topics called Detailed Outline Subtopic (DOS). Each DOS covers specific subtopic which is then expounded into PFM Program Module. The number of DOS keeps on expanding. DOS is the basis for content in the module and what participant can expect in PFM Exam.

PFM Program Module is standardized and updated from time to time. Only IFMI can publish and update the Module. Class delivery by training providers may not deviate from the Module.

Training providers may develop presentation materials (slides, etc) for their own purpose.

  1. Is PFM designation internationally recognized?

PFM Program is international designation, meaning the holders may use the Designation in any country without restriction. IFMI currently undergoes internationally recognized accreditation process based on ISO 17024 to ensure that the whole process conducted is in accordance with global standard set for certification body.

  1. How credible PFM Program?

The structure of PFM certification program and process is developed based on ISO 17024 to ensure the adherence with global standard for professional education. The adherence to internationally accepted standard is designed to ensure the impartiality and fairness of certification process. That causes your PFM Designation to become a trustful hallmark of your personal competence in the eyes of clients and employers. Such trust will enhance your personal equity and help propel your career. To enhance the credibility further, IFMI is currently preparing for accreditation process by reputable accreditation institution.

  1. How if I fail on the exams?

If you fail in one of 2 modules in the exam, you can retake exam ONLY on the module that you fail. You are given 3 opportunities to retake and must pass the examination within 5 years from your 1st attempt. If you fail on the third attempt and/or not yet passed within 5 year, you need to sit in the preparation class again. Contact your training provider for the schedule of the examination.

  1. Do I need to obtain recertification or complete continuous study?

In order to adhere to ISO 17024 standard, designation holder must conduct recertification periodically to keep the his/her knowledge update. In PFM, the process is called Continuous Competency Initiative which will be conducted every 2 years. Since the infrastructure is still being developed, CCI has not been implemented (still on grace period). Once the system is fully developed, the CCI will be implemented. But in PFM Program, CCI is being designed to require minimal effort with cost as low as possible with options such as watching recommended webinars.

  1. What is the prospect for PFM designation holder?

Financial Model is required skill that has to be mastered for individuals seeking career in finance, investment and risk management field. Financial Model is commonly an important job function which is required in many of the highest paying jobs in financial sector. Understanding about how to develop sound models and how to analyze them is a must for all professionals dealing with strategic decision making and analysis.

Understanding about financial model is crucial for professions such as:

  1. CFO and finance decision makers
  2. Planning and Budgeting functions
  3. Equity analysts
  4. Credit analysts
  5. Project managers
  6. Risk analysts
  7. Appraisals
  8. Portfolio managers
  9. Project financing analysts

Highly specialized professions such as: private equity analysts, investment bankers, hedge fund managers, risk quant, etc.

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YOGYAKARTA: Jl. Teknika Utara, Yogyakarta, Indonesia 55281 | Telepon: (62) (274) 556912, 515536, 562222, 589384, 511036 | Faksimile: (62) (274) 564388 | Hotline: 0811-282-3806
JAKARTA: Jl. Dr. Saharjo No. 83 Tebet Jakarta Selatan | Telepon: (62) (21) 83700333, 83700339, 83700340 | Faksimile: (62) (21) 83700372 | Hotline: 0813-1844-9088