Stage 1 (2023) "The Good(will), the Bad and the PPA"

Description
Financial Modeling World Cup is an annual competition dedicated to financial modeling with a view of promoting healthy competition and education. FMWC challenges participants through a range of different types of questions. To answer everything correctly and win prizes, it takes a wide spectrum of skills and knowledge related to financial modeling. The competition is structured in a way that each participant accumulates points during the season by participating in as many Stages as they desire. At the end of the season (December), the overall winners are announced and the prize fund is distributed. Additional monthly prize money is distributed to the best-performing participants of each stage.


This is an actual case study that was presented to the participants of the Financial Modeling World Cup 2023, Stage 1 (January 27-30).


Case study description:
This case looks at some of the challenges that a financial analyst could deal with during a PPA (Purchase Price Allocation) assignment. PPA itself is a tricky part of acquisition accounting done after the completion of a merger where the Acquirer allocates the purchase price into the assets and liabilities of the Target.


The downloadable file consists of the following:
-Task: PDF file with Case Materials; PDF file with Questions
-Solution: Excel file with full Solution Model; PDF file with correct Answers in Bold


You can also buy tickets to participate in the future FMWC Stages, please contact us through our Eloquent channel.