PennWell Corp (Tulsa, OK) sponsors conferences all over the world for professionals in the energy industry. Excidian teaches full-day, pre-conference workshops at three PennWell conferences in North America. They are:
- Renewable Energy – scheduled in February / March of each year.
- Coal-Gen – scheduled in July / August of each year.
- Power-Gen – scheduled in late November / early December of each year.
Excidian designed a 1-day course specifically for the high-level audiences who attend these conferences. The course provides knowledge and builds skills required to make accurate Capital Investment Analyses. Classroom, skill-building exercises are customized for each industry application. Courses taught at the three conferences have a common description and follow a similar format:
- Morning: Financial Statements – Participants review how the three major financial statements are constructed. The Income Statement, Balance Sheet and Cash Flow Statement are studied using short, interactive exercises to demonstrate how routine business transactions impact each statement and to show how the statements relate to one another.
- Afternoon: Capital Investment Decision Analysis – Participants review Present Value; Net Present Value; Internal Rate of Return; and Weighted Average After-Tax Cost of Capital. A customized spreadsheet model is used to perform valuation exercises for projects. Participants make decisions about inputs that ultimately drive the decision of whether to allocate capital to the projects.
Course Highlights and Major Points
- Customized. The Capital Investment module is customized for professionals making capital allocation decisions in power plants.
- Hands-on learning. Much of the day is spent working in large and small groups. Bring your notebook computer to work on the project valuation exercises.
- Relevant to current events.
- Interactive. Participants are encouraged to ask questions often and whenever they come to mind.
- Primary learning goal. The primary purpose of this course is to provide participants with the financial knowledge to analyze power plant projects and to make business decisions that are in the best interests of their company.
- Participants exit this course understanding the importance of applying financial analysis to accurately analyze capital projects.
Course Format
- Instructor facilitated
- PowerPoint presentation with LCD projector
- Combination of lecture as well as small and largeo e value of money and calculate present value and net present value objectives.
- For 1-day course:
- -group activities, which involve the use of calculators and spreadsheets. Calculators will be provided, but participants will be using their notebook computers and will need to plug into a power source at their seats.
- Participants have workbooks to follow facilitator slides
- Interactive with any question accepted at any time throughout the course
