Diploma in Financial Markets, Risk Return, Valuation and Modelling


Introduction to - Financial Markets & Risk-Return Analysis - Financial Valuation & Financial Modelling


The courses are designed to enhance knowledge of analysis, finance, investment, reporting and valuation, to employees in the organisation. It is suitable for every employee including employees who have no background in finance and investment.


Total Modules : 2 Modules
Teaching Mode : Physical & Hybrid
Total Hours : 60 hours
Total Exam : 2
Duration : November 2022 until March 2023
Schedule: Friday 13:00 – 17:00 & Saturday 08:00 – 12:00

Module 1: Introduction To Financial Markets And Risk/return Analysis

24 hours of lecture
6 hours of exam review
3 hours of examination

Expected Learning Outcomes:

  1. Explain what the basics concept of finance and the basics of mathematics for finance.
  2. Explain the main functions of the financial system; and describe classifications of assets and markets;
  3. Explain and differentiate between the different financial intermediaries in the financial markets.
  4. Apply for the portfolio mathematics and outline the steps in the portfolio reporting process.
  5. Explain the performance and risk analysis (Sharpe ratio, Information Ratio, Treynor, Tracking error, …)

Module 2: Introduction To Financial Valuation And Modelling

24 hours of lecture
6 hours of exam review
3 hours of examination

Expected Learning Outcomes:

  1. Calculate and interpret financial ratios and be able to use the ratios to compare a firm to its competitors.
  2. Evaluate changes in ratios over time and use the financial ratios to forecast company’s future performance.
  3. Explain the basic concept of theory of valuation and introduction to financial modelling
  4. Explain discounted cash flow (DCF) approach to valuation
  5. Calculate the cost of capital to be used for the valuation analysis
  6. Perform a relative valuation using price to earnings multiples and enterprise value multiples and total firm value and equity value.

Apply Application For New Student

Program: Introduction to – Financial Markets & Risk-Return Analysis – Financial Valuation & Financial Modelling

Class Start: November 30, 2022  Apply Now

Registration Deadline November 30, 2022


At the end of the class study, participants are assessed by examination. Candidates who score 50% or more will be awarded a certificate of completion to the introductory course.

Tuition & Exam Fees

Introduction to Financial Accounting Fee
Tuition Fee – of study per module $ 599
Exam Fee – per module $ 99
The study materials will be provided free of charge.
Course Start Date November 30, 2022
Course End Date March 2023



Varabott used to work in major European financial institutions such as Credit Suisse (12 years), Aberdeen Asset Management, AXA Insurance and Messieurs Hottinguer & Cie Banquiers. He has more than 25-years work experience in the Banking & Finance industry across Europe and Asia Pacific, with an extensive international exposure to large scale Investment Management, Private Equity, Bancassurance and Corporate Advisory missions, and with also as General Manager at the Association of Banks in Cambodia (ABC) and at Leopard Capital, in Cambodia.
He holds an MBA from the University of Chicago Booth School of Business and is a Certified European Financial Analyst (The European Federation of Financial Analyst Societies – EFFAS). He also currently studies Economic Development & Public Policy at Harvard University, John F. Kennedy School of Government.
Also as a Professor at CamEd Business School, his teaching and research areas cover financial management, corporate finance, banking and the economics of the renewable energy.


Dr Muhammad M. Ma’aji is a certified Financial Modelling and Valuation Analyst (FMVA) and an Associate Professor at CamEd Business School Cambodia. Dr Ma’aji hold a PhD and MSc in Finance from the Universiti Utara Malaysia and a BA in Accounting & Finance from the University of Greenwich, UK. Dr Ma’aji has mentored and coached CamEd students to compete at several Local and International competitions and in 2021, the CamEd team won the Local CFA Research Challenge Competition and became Sub-Regional Champions same year. Before joining CamEd Business School, Dr Ma’aji worked as a Research Assistant for the Centre for University-Industry Collaboration (CUIC) Universiti Utara Malaysia, where he fully participated in two national research grants awarded by the Ministry of Higher Education and Ministry of Rural and Regional Development, Malaysia. He has also worked as an Account Assistance for Gidauniya Investment & Securities LTD and Saleh A.D. & Co both in Nigeria. Dr Ma’aji is also a scholar in the field of finance and accounting. He has successfully published research articles in well-known high impact international journals. His areas of research interest include financial distress, bankruptcy prediction, corporate finance, corporate governance, cross-listing, and financial management.