AFV Syllabus

  1. SectionWeightIntroduction
    Fundamentals of Financial Statement Analysis and Valuation Modelling20%This part focuses on the basic knowledge of financial statement analysis and Valuation Modelling. The framework of financial statements, accounting and measurement methods of multiple core accounting subjects, as well as common methods and financial indicators in financial statement analysis,are introduced in this part. Meanwhile, five valuation models are introduced in this section, which lay a solid foundation for the sections Financial Statements Analysis of Listed Companies and Valuation Modelling Practice.
    Financial Statements Analysis of Listed Companies40%Three main dimensions in financial statement analysis, which are macro environment analysis, industry environment analysis and company financial statement analysis, are introduced in this part. Meanwhile, annual reports of Listed Companies in different industries are introduced as study cases in this section. Candidates would study annual report framework, core financial index analysis, analysis of three major financial statements, and other non-financial information analysis in this section.
    Valuation Modelling Practice40%Based on analysis of the company's financial statement data, this part focuses on financial statement adjustment, valuation modelling method in practice, and excel modelling based on real cases.