Guest Speakers: Mr. Tomoyuki Ota and Mr. Ryosuke Shimohara, Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
On Dec 5, Professor Tomonori Ito's Corporate Finance I class welcomed Mr. Tomoyuki Ota, Executive Director, and Mr. Ryosuke Shimohara, Vice President of Mitsubishi UFJ Morgan Stanley Securities Co., Ltd., as guest speakers.
Mr. Ota and Mr. Shimohara explained to the students how they prepare financial projections at Morgan Stanley, some of the common mistakes that people make in building financial models, and tips to avoid mistakes and building a model efficiently. They then showed a sample projection with income statement, balance sheet and cash flow statement, and demonstrated to the students how they build the models with excel.
Eventually, they showed how the three statements can balance with each other. It was a useful session to learn some very practical techniques that are actually used by global investment banks, and it helped to solidify the student's understanding in building financial projections.