Series 79 study plan

Reconstruct the three financial statements from an annual report and trace how a $10 depreciation change flows through all three

Compute and interpret liquidity, leverage, coverage, and profitability ratios from a single company's financials

Normalize EBITDA for one-time items and articulate the justification for each adjustment

Build a working capital and unlevered free cash flow schedule in a spreadsheet

Build a five-year unlevered DCF with an explicit WACC derivation using CAPM, relevered beta, after-tax cost of debt, and target capital structure

Run sensitivity tables on terminal growth rate and WACC and explain the range of implied values

Calculate trading and transaction multiples (EV/EBITDA, EV/EBIT, P/E, EV/Sales) and identify when each multiple misleads

Reconcile enterprise value to equity value including debt, cash, noncontrolling interests, and option dilution

Build a fully linked three-statement operating model with a revolving credit facility and circular interest reference

Project revenue using a driver-based build (volume x price, segment mix) rather than a single growth rate

Stress-test the model with a downside case and identify which financial covenant breaches first

Apply purchase accounting and pro forma adjustments to an acquisition scenario and compute adjusted EPS

Complete a timed 40-question set on data collection and analysis and log every miss by error type

Recompute both valuation methods on a new company from memory with no notes

Explain aloud, in under three minutes each, how to normalize EBITDA, derive WACC, and reconcile EV to equity

Review the error log and rank the five weakest sub-topics by frequency of misses

Map the IPO timeline from organizational meeting through closing and name the document filed at each stage

Distinguish Forms S-1, S-3, S-8, and S-4 by eligibility, disclosure content, and effective timing

Contrast the Section 4(a)(2)/Regulation D, Rule 144A, and Regulation S exemptions by purchaser qualification, resale limits, and filing obligations

Classify which pre-filing communications are permitted under Section 5, Rule 134, Rule 163, and Rule 163A

Compute the underwriting spread, over-allotment (greenshoe) mechanics, and net proceeds for a hypothetical deal

Differentiate firm commitment, best efforts, and standby underwriting and match each to an appropriate transaction type

Apply FINRA Rules 5110, 2310, and 2210 to four short fact patterns and justify each conclusion

Describe the underwriter's due diligence process and its exposure under Section 11 and Rule 10b-5

Sequence a shelf takedown and a Rule 144A-for-life offering from engagement letter to settlement

Compare a one-step statutory merger, a two-step tender offer, and a Section 338(h)(10) election on timeline, consideration form, and tax treatment

Apply Exchange Act Sections 13(d)/13(g) and 14(d)/14(e) plus Regulations 14D and 14E to a hostile-bid fact pattern

Compute accretion/dilution for a stock-for-stock deal incorporating synergies, financing cost, and purchase price allocation

Identify the disclosure items and filing deadlines for Schedule TO and Schedule 14D-9

Build a merger consequences analysis and solve for breakeven synergies

Outline Chapter 11 mechanics including DIP financing, the automatic stay, classification and voting, exclusivity, cramdown, and Section 363 sales

Compute a recovery waterfall across a simple capital structure and identify the fulcrum security

Complete two full-length timed mock exams and log every error by domain and root cause

Re-drill the 25 most frequently missed concepts until each is answered correctly twice in a row