PROFESSIONAL

FINANCIAL
MODELER
www.ProfessionalFinancialModeler.org

Program Profile
Overview
Financial model is a crucial skill for capital market and finance professionals. Analysts
have been using financial models to predict market movement, valuing assets and
conduct various analyses.

Professional Financial Modeler (PFM) is an international certification program

which awards PFM professional designation (degree or title behind your name) for
those passing single level exam. The designation is valid worldwide.
The Examination is administered by International Financial Modeling Institute (IFMI).
IFMI is in the process of obtaining prestigious accreditation to ensure the quality of
the examination. In Indonesia, PFM have gotten accreditation by Indonesian national
accreditation department called Komite Akreditasi Nasional (KAN). Then, we still in
process to be accredited by USA Accreditation Service, called International Accredi-
tation Services (IAS).

PFM Program is aimed at revolutionalizing financial model through the administered

examination. This nature encourages participant to learn new things to prepare for
the examination.
 The Examination is a fine blend between theory and spreadsheet based practice
where examination curriculum involves the development, invention and adoption of
new methods and techniques where some of them are new and will radically change
the way analysts view value, feasibility, risk and the interaction of assets.

To learn more about PFM Examination, visit the program website:

www.professionalfinancialmodeler.org

Why You Need to Take

PFM Program
1. PFM Examination Enables to to Obtain PFM Designation if you pass the exam.
2. Exam ensures high participant retention rate on the knowledge obtained.
3.llGlobal Accreditation is in progress to ensure high quality and recognition of the
program.
4.llPFM Curriculum also employs concepts and understandings not delivered in
standard financial modeling classes. Those topics have practical implication for
analysts. Learning about the curriculum is an interesting and mind opening experi-
ence for most professionals

PFM Delivers 6 Internationally

Recognized Valuation Models
1. Discounted Cash Flow 4. Residual Income
2. Enterprise Value Based Discounted 5. Enterprise Value Multiples
2. Cash Flows 6. Price Multiples
3. Dividend Discount Model
The Design of PFM 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.
2. Computer Practice Examination
Participant fills the given spreadsheet and prepare a full set financial model
Failing on one or more modules only requires for exam re-take without attending
preparatory class again.

What Do You Need to Know?

PFM Body of Knowledge
PFM curriculum is developed based on PFM Body of
Knowledge (PFM BOK) which is expanded from time to
time. The 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
You can download the BOK in PFM Website
(www.professionalfinancialmodeler.org).

Some of the Breakthrough

Concepts Tested in
PFM Examination
Referring to PFM Body of Knowledge, there are many breakthrough concepts
delivered in PFM Examination. Learning those topics is very interesting as they are not
commonly used by analysts and enables you to conduct analysis in different way.
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. This method has profound impact on valuation.
Connect the movement of different asset classes (equity, fixed income, feasibility
analysis, property, human capital etc) without the use of correlation.
Various type of durations, including NPV Duration, Equity Duration and Cross
Duration.
Sustainability Modeling, the study about how most models are erroneously
prepared and the profound effect created on financial market.
 Linear, non-linear, cyclical, forecasting techniques and various Monte Carlo
models
Introduction of sustainability based financial ratios called Delta Ratios
Calculation of single risk free rate by co-integrating interest rates
Differ and connect Firm Value, Enterprise Value, NPV and other measures

How to Prepare for

PFM Examination
Even though interesting, it is not easy to conduct self study on PFM curriculum as
the study materials are not widely available.

To help you prepare for PFM Examination, we, RJ Consulting provides examina-
tion preparation training program tailored to enhance your understanding about
the concepts and models in the curriculum.

PFM Public Class PFM

Training Program
PFM public class training is conducted as intensive, 5-full day training program
available as weekday – Monday to Friday and weekend – Saturday classes
delivered in some cities in Indonesia and Malaysia. The training is aimed for
participant to get deep understanding on all the concepts appear in PFM
Examination and to maximize your chance of passing PFM Examination.
Why Attend Training
Conducted by RJ Consulting?
We have conducted PFM training programs attended by
close to 800 professionals since 2014.

Most PFM Examination Participants attended our

classes prior to taking the Exam.

The class blends theoretical explanation and practical

spreadsheet based application. Accounting provisions
and concepts involved in preparing models are
explained in easy to understand spreadsheets.

Classes delivered by qualified trainers who are PFM

holders, including Ricky Ichsan who is also responsible
for developing PFM global curriculum.
 Public Training Outline
To learn more about the detailed outline of the training, you can
download the program syllabus at www.rjcons.com/syllabus

j
Schedule Session Topic
Day One
08:00-08:30 Opening and overview of program employing quantitative model to
enhance.
08:30-10:00 Session 1 Prediction Quality of a forecast
10:00-10:15 Coffee Break
10:15-12:00 Session 2 Monte Carlo analysis for Financial Model
12:00-13:00 Lunch
13:00-15:00 Session 3 Monte Carlo analysis for Financial Model; understand income
statement and balance sheet for financial modeling
15:00-15:30 Coffe Break
15:30-17:00 Session 4 Understand income statement and balance sheet for financial
modeling
Day Two
08:00-10:00 Session 5 Understand cash flow for financial modeling and case study
10:00-10:15 Coffee Break
10:15-12:00 Session 6 Understand about modeling macro and microeconomic assumption
12:00-13:00 Lunch
13:00-15:00 Session 7 Understand about modeling macro and microeconomic assumption
15:00-15:30 Coffe Break
15:30-17:00 Session 8 Understand the accounts and format used in Financial Model for
corporation
Day Three
08:00-10:00 Session 9 Case study : create accounts and prepare Corporate Financial
Model
10:00-10:15 Coffee Break
10:15-12:00 Session 10 Case study : populate supporting accounts
12:00-13:00 Lunch
13:00-15:00 Session 11 Case study : populate supporting accounts and model enhancement
15:00-15:30 Coffe Break
15:30-17:00 Session 12 Determining firm value by using dividend discount model
Day Four
08:00-10:00 Session 13 Determining firm value by using dividend discount model, enterprise
value based DCF
10:00-10:15 Coffee Break
10:15-12:00 Session 14 Determining firm value by using dividend discount model and
residual income models
12:00-13:00 Lunch
13:00-15:00 Session 15 Determining firm value by using relative valuation model and
sustainability modeling
15:00-15:30 Coffe Break
15:30-17:00 Session 16 Common size, index and sensitivity analysis on financial model
Day Five
08:00-10:00 Session 17 Financial ratio and delta ratio analysis
10:00-10:15 Coffee Break
10:15-12:00 Session 18 Financial model for project
12:00-13:00 Lunch
13:00-15:00 Session 19 Feasibility analysis, waekness and value connectivity
15:00-15:30 Coffe Break
15:30-17:00 Session 20 Credit analysis for financial model
Day Six
08:00-10:00 Writen Exam Writen Exam
10:00-10:15 Lunch
10:15-12:00 Practice Exam Computer Based Exam
12:00-13:00 Closing
What Else Do You Get
When Attending This
Training Program?
PFM Program Module
This 435 page book is an authoritative
resource covering the knowledge you need to
know when studying PFM Curriculum.

PFM Case Book

This book contains the cases presented
during PFM training class.

Compilation of Financial Modeling Software

Compilation of around 200 spreadsheet files based on
theories and models used in PFM Preparation Training,
mainly:
Accounting principles, including consolidation & M&A
Valuation models and concepts
Feasibility techniques, concepts and practice
Credit cash flow and analysis
Statistical concepts including Monte Carlo models

PFM Course Material

The hardcopy of presentation material during
PFM Training class.

Access to PFM E-Learning Platform

Do you want to access PFM material online? Enjoy FREE
access to learnpfm.com
And the most important of all PFM
Registration to PFM Examination Included (Valued at US$650)
Your package already includes registration to PFM Examination with the
following privileges:
Choose to attend ANY available PFM Examination in certain exam sites
within 1 year after your training (Valid for first examination attempt)
May postpone examination for free if postponement is done within 2
weeks before examination date
Get discounted price for examination retake in Indonesia.

Who Should Take

This Program ?
* Directors & Senior Managers * Financial Controllers & Managers
* Financial & Investment Analysts * Strategic & Financial Planners
* Risk & Treasury Professionals * Accountants
* Middle Office Staff * Private Equity Analyst
* Commercial Credit Bankers * Portfolio Managers
* Model Auditors * Company Controllers
* Insolvency Professionals * Corporate Valuation Specialists
* Project Finance Professionals * Economists & Quants
* Investment Banking & Transaction Advisors * Business Development Managers
* Marketing Manager

Do you need in house or

specific financial model class?
If you need specialized training based on customized curriculum applicable for
specific industries, we provide in house program in your organization. The
program is available for delivery in your country and delivered in English.

Our Program Facilitators

Ricky Ichsan Barliman, CFA, PFM, FRM, CFP,
CFOS, ERMCP, CRMP, CSA, CRP, MM
Possess 9 professional certifications, passing straight on all
exams. More than 15 years in insurance, treasury – fixed
income and derivatives, corporate finance and risk management
sector.
 Yohanis Hans Kwee, PFM, CSA, CRP, CTA, CPM

Working in finance and capital market sector for more than 15

years. Fund manager, analysis, trainer, and consultant for
finance and investment.

Local Instructors may be added for spesific countries

PFM delivers 6
Class Program
valuation models Date of Class Examination In Class
Schedule Information Information *** Language

Jakarta, Everyday (Full Day),

14 Sept.
Weekdays Class 2019*
26-30 August 2019
@ Jakarta**

Surabaya, Everyday (Full Day)

Weekdays Class
16-20 Sept. 2019
14 Dec. Indonesian
Every Saturday (Full Day),
Jakarta, 2019*
Weekend Class 19,26 October and
02,16, 23 Nov. 2019 @ Jakarta**

Bandung, Everyday (Full Day),

Weekdays Class 18 - 22 November 2019

*Date of Examination Maybe Changed in Order, ** Place of Examination Maybe Changed in Order,
***For Joining The Examintaion, visit www.professionalfinancialmodeler.org

Investment of this program is

IDR 14.000.000
PFM delivers 6
Investment Include ls
Hand Out, Venue, Lunch and Coffee Break.
Attendance Certificate
Examination Fee

Accomodation & Transportation Excluded

PFM delivers 6
Other Condition
PFM INHOUSE AND ON DEMAND PROGRAM is available with minimum
participation of 10 persons in your country or organization. Contact us for
details.

Programisisadministered
PFMProgram
PFM administered by
by International
International Financial
Financial Modeling
ModelingInstitute.
Institute.

RJ Consulting has
has been
beenawarded
awardedthe
thestatus
statusofof
Licensed Training
Licensed Provider
Training for
Provider
South EastEast
for South AsiaAsia
Countries.
Countries.

Registration and Payment

Participants need to create online membership account by going to
PFM website www.professionalfinancialmodeler.org

Payment can be made through transfer or credit card payment.

Please visit www.rjcons.com for registration and payment detail.

For more information, email to : info@rjcons.com

Visit PFM Program Website : www.professionalfinancialmodeler.org

Enhance your career and obtain your PFM Designation now

© Copyright RJCONS 2018

PT Rajawali Konsulindo
Kompleks Perkantoran Rich Palace
Blok E/6 Jl. Meruya Ilir Raya No. 36-40,
Jakarta Barat 11530
Telp!!!!!!!!!!!!!!: +6221-5891-0022/55/60
Whatsapp!!!!!: +62821-61872873
Our Website : www.rjcons.com