Guest Speaker: Mr. Ryosuke Shimohara, Vice President, B2B Business, Smart Shopping, Inc. and Mr. Tomoaki Taniguchi, Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
On Dec 6, Professor Tomonori Ito's Corporate Finance I class welcomed Mr. Ryosuke Shimohara, Vice President, B2B Business of Smart Shopping, Inc., and Mr. Tomoaki Taniguchi, Associate of Mitsubishi UFJ Morgan Stanley Securities Co., Ltd., as guest speakers.
Mr. Shimohara, ex-Morgan Stanley investment banker, and Mr. Taniguchi 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.