Recommended Prep Courses

These preparatory courses are optional, but we recommend you to complete the stated prep course(s) or possess the equivalent knowledge prior to enrolling in this course:

  1. Excel Crash Course
  2. Building a 3 Statement Financial Model
  3. Business Valuation Modeling

Mergers and Acquisitions (M&A) Modeling Course

Welcome to CFI's advanced financial modeling course on mergers and acquisitions (M&A).  This course is designed for professionals working in investment banking, corporate development, private equity, and other areas of corporate finance that deal with analyzing M&A transactions.

mergers and acquisitions M&A financial modeling course

M&A Modeling Course Objectives

This advanced financial modeling course has several objectives including:

  • Learn how to structure an M&A model in the most efficient way
  • Set up all the assumptions and drivers required to build out the M&A model
  • Calculate all the necessary adjusting entries required to create a post-transaction balance sheet
  • Integrate the acquirer and the target into a pro forma model
  • Calculate the accretion or dilution of key per share metrics post-transaction
  • Perform sensitivity analysis on key assumptions and assess the overall impact of the transaction

advanced financial modeling

Reasons to take this advanced financial modeling course

This class is perfect for anyone who wants to learn how to build a financial model for mergers and acquisitions from the bottom up.  The video-based lessons will teach you all the formulas and functions to calculate stub periods, outline sources and uses of cash, perform a purchase price allocation and determine goodwill, create multiple scenarios for synergies and other key assumptions, and integrate all of the above into a well laid out pro forma model.

In addition to learning the detailed mechanics of how to build the model, students will also learn how to assess the impact of the transaction through accretion/dilution analysis and impact on the implied share price (intrinsic value per share).  By performing sensitivity analysis, users will understand how a change in assumptions impacts future outcomes of the merger or acquisition.

Mergers and acquisitions Course (M&A)

Mergers and acquisitions course case study

This course is built on a case study of Online Company Inc acquiring Brick ‘n’ Mortar Co.

Through the course of the transaction, students will learn about:

  • The construction of a detailed Pro Forma model
  • Analysis of synergies, revenue enhancements, cost structures
  • Integration considerations
  • Accretion / dilution analysis
  • Deal terms and structuring
  • The strategic impact of combining the businesses
  • Share price impact


What’s included in the M&A course?

This mergers and acquisitions course includes all of the following:

  • Blank M&A model template (Excel)
  • Completed M&A model template (Excel)
  • 4+ hours of detailed video instruction
  • Certificate of completion

M&A modeling course in Excel

Financial analyst certification

For beginners to advanced users, this mergers and acquisitions (M&A) modeling course is designed to teach you how to be a complete financial analyst. 

This class is one of the 3 required "Elective" courses for CFI's financial analyst training program, which grants the Financial Modeling & Valuation Analyst (FMVA) certification.

What You'll Learn


Mergers & Acquisitions (M&A) Modeling

$197.00 Enroll Now Free Preview

Approx 8.0 hrs to complete


From $847.00
FMVA Full Immersion
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From $497.00
FMVA Self Study
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Path to Certification

Prerequisite Courses

8 courses from beginner to intermediate level.


Core Courses

11 courses from beginner to intermediate level.


Elective Courses

Take 3 out of 10 courses at an advanced level.


Get Certified

Submit your FMVA®️ checklist and order your certificate.


Join Our Community

Get access to the Global Corporate Finance Society.


How the Certification Works

FMVA® Financial Analyst Certification courses are offered 100% online, allowing you the flexibility to start the financial analyst program anytime and learn when it’s most convenient for you.
Students must complete all core and elective courses (14 in total) and demonstrate mastery of the topics through successful completion of course materials, quizzes, and assessments.
Within 48 hours of program completion, your Blockchain Verified FMVA Certification will be emailed to you.

What Our Students Say

Dans Jurcāns
Missing piece of the Valuation Modeling Course Part 2
This course does an excellent job of walking us through building a complex M&A model for the merger of two companies. If you took the Valuation Modeling Course Part 2 and felt it missed some practical grounding, this is it. I recommend this to everyone who is an M&A practitioner.
Fernando Mora
Business Valuation Modeling
CFI is the best online platform for finance courses, I highly recommend all of the courses. I have taken 4 courses and they are awesome. Easy to learn and very well explained.
Gulshat Uspanova
Excellent course.
Very useful and very simply expained. Thank you very much. will recommend to all my friends :-)
Mikhail Powell
I absolutely loved this course!
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Hendra Rakhmawan
Highly recommended for anyone who want to have a serious course on M&A modeling
Katherine Garvey, CPA
I am an experienced transaction services advisor who was looking to lock down specific M&A modelling skills that I wasn't able to learn on the job. This course has a hands-on approach that forces you to build the model yourself from scratch, but walks you through the build step-by-step, so you're not lost. This approach demystified the modelling process for me and helped me understand the value each piece has in contributing to the overall picture. I recommend this course for anyone looking for an effective, flexible way to upskill in this area!
Hulisani Emmanuel Matumba
The M & A course seems a bit daunting at first until Tim gets down to business and goes through it step by step. In no time you start feeling more and more confident. Adding to that is the fact that the other courses are also well structured and build on each other. I would recommend this online course to anyone who wants to upgrade themselves with relevant skills that will assist them in advancing their career.
Ahmad Din
First of all, I thank Tim Vipond for being very clear and simple on this complicated topic. I really got benefitted with this course. The Mergers & Acquisitions course changed my way of financial modeling and it's going to help me a lot for the prediction of share pricing of the companies. Thank You CFI
Matt Beckett
This course provided a great framework for M&A modeling and valuations. In doing so it helps to gain decent understanding of the mechanisms and decision making behind effective merger or acquisition activities. Great course, well and practically presented
Zurab Galumashvili
Highly recommended course for all professionals.
Evgeni Radilov
An outstanding course in M&A modelling with just enough detail to neither lose sight of the big picture, nor to provide just a simplified overview. Key concepts such as dilution/accretion are clearly explained while taking into consideration cash vs. stock-structured deals. The clear model struture is a CFI's watermark. The instructor tutors the learning material in a clear fashion without fluff or unnecessary details. Just another piece of great work!
Moses Kargbo
The structure and delivery make M&A Modeling course looks approachable and straightforward from what you read in the theories. Awesome.
Vinodh Kumar Soundararajan
Driss Maknoun
Amazing world-class learning experience with distinct teaching method !‎ I appreciate the efforts done to bring M&A course in a practical way. No waste of time in ‎theories and unnecessary side information.‎ Although I’m not yet an “M&A practitioner”, I quickly gained a deep understanding of this major ‎sector in today’s corporate environment. The material was presented in an incredibly ‎organized and very well thought-out manner: Just practice, relevant knowledge and tools to ‎take directly to the daily work where, surely, based on my experience in similar activities, I can ‎get immediate results, add value to the customer and make real difference. ‎ The course is a real illustration of “preference of skills over qualifications” . ‎ Enjoy.‎ Mr. Driss Maknoun Corporate Development Professional
Muhamed Yusif El Kady
Very powerful coverage for such area of evaluation.
I Wayan Subagia
All Subject are well Done, We just try . keep trying We can do It.
Bryce Nie
Very good course, felt that there was way too much information on M&A to be taught in the time given. More time should be placed in each area, or splitting this into two more in-depth courses as information was difficult to absorb.
I really enjoyed this course, which provided a lot of useful information and techniques. I recommend this course to everyone who is involved in M&A valuation process. Excellent
Delbert Adivnovak
Extremely impressed! Super advanced M&A modeling. I am so glad I enrolled in the FMVA certification. This is the best modeling I have ever seen. It has helped me tremendously in improving my skills, and refreshing my knowledge.
Taimur Zulfiqar
An excellent in-depth course on the M&A process, deal structure & synergies calculations, Proforma Financial Statements. 100% practical course for investment banking analyst roles. It's a five-star course, really learned a lot. Thank you CFI team!

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FMVA® Financial Analyst Certification

Become a Financial Modeling and Valuation Analyst (FMVA)® by completing all required courses in accounting, finance, modeling, Excel, presentations, and strategy. From beginner to advanced courses you will have the complete training you need to become a world-class financial analyst.


From $847.00
FMVA Full Immersion
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From $497.00
FMVA Self Study
Buy Now