If you have had little formal training in developing financial forecasts in Excel or have ever burnt the midnight oil trying to get a Balance Sheet to balance, then this book is for you. A simple walkthrough of the common perils and pitfalls of financial modelling, this book constructs a solid foundation to build upon (pun most definitely intended). Taking little for granted, Liam examines the common Excel functions and functionalities necessary, emphasises the importance of a standardised and functional layout, explains accounting concepts simply and reinforces the four key concepts of a "Best Practice" model: Consistency, Robustness, Flexibility and Transparency &– CraFT. With over 50 examples and an extended case study that creates a simple financial model from scratch to highlight the key concepts, this is a "hands on" book, focused on working with Excel more efficiently and effectively. A simple process, this methodology has been adopted by many seasoned professionals without resorting to balancing figures, circulars and macros.
A properly structured financial model can provide decision makers with a powerful planning tool that helps them identify the consequences of their decisions before they are put into practice. Introduction to Financial Models for Management and Planning, Second Edition enables professionals and students to learn how to develop and use computer-based models for financial planning. This volume provides critical tools for the financial toolbox, then shows how to use them tools to build successful models.
Just like a shovel, this book is genuinely ground-breaking. It hits you over the head with the proverbial gardening tool, implementing the way forward for financial modelling. Many working in banking and finance create their financial models in Excel and then import them into Power BI for graphical interpretation and further analysis. Not on our watch. We're going to jettison the universal spreadsheet and build the entire model in Power BI.We can't stress how far off the range we're taking the horses. If you are reading this, you are a true pioneer. Some have managed to build the odd financial statement in Power BI, but all three? This is where you can gain a major advantage in the workplace. If you build the calculations for financial statements in Power BI, you can produce statements by product, by customer, by geography... Get the picture? The limitation will be restricted to the granularity of the underlying data and your imagination.This book unearths some of the tricks, measures, logic and tools needed to build the model (there is no need to bury your mistakes). We just can't promise you a rose garden...With the usual jokes in spades, it's just a shame we couldn't get Doug (get it?) to assist.
The financial services quarter has been a straggler in implementing lean tools and exercises, possibly for the reason that of their industrializing origins. But those approaches are slowly altering. As more banks find out the paybacks of lean processes such as minor costs, lesser errors, quicker cycle eras and far better competences wide-scale acceptance by the industry is just a subject of time. But old habits often die hard, and slowly. Keeping this scenario in mind, this book "Introduction to Lean Financial Model" has been fashioned in a very organized as well as understandable manner which is very easy for a reader to grasp; especially the ones for whom this topic is totally new. In this book you will come across all the important aspects which are discussed in sequence. These include the following: The lean start-up Lean Financial Model What is required to start a lean financial model? Top 9 highlights of lean financial model Completing lean financial model An example of how to create lean financial model What makes financial model simpler than you think ****************************** IntroBooks delivers up to the minute information covering everything on a topic in only one hour of reading. This book is written to give essential information in a straight-to-the-point, easy to read format. We have cut out technical jargon, waffle and unnecessary filler to ensure you get the essential information you need to achieve your goals with confidence.
Financial modeling is the knowledge of various tools that are able to convert the extensive data into the comprehensible form. It is a skill which is required by management especially in the field of investment banking, equity research, commercial banking, project management and any & every sector which is a part of the financial service industry. The crash course undertakes different aspects which will enable the students to go in the financial world and manage these various tools. The crash course is designed for students who are looking for a career in the Corporate Finance world. Upon completion of the course, the students gain in-depth knowledge and they will be able to create dynamic financial models. The dynamic business world requires a model in cases like mergers and acquisitions, financial operations and controlling and the required skill is imparted by the Financial Modeling crash course. The students become ready to work on the spectrum of information and with the help of Excel and additional tools are ready to make a mark in the industry.
This book provides a comprehensive introduction to modern financial modeling using Excel, VBA, standards of financial modeling and model review. It offers guidance on essential modeling concepts around the four core financial activities in the modern financial industry today: financial management; corporate finance; portfolio management and financial derivatives. Written in a highly practical, market focused manner, it gives step-by-step guidance on modeling practical problems in a structured manner. Quick and interactive learning is assured due to the structure as a training course which includes applied examples that are easy to follow. All applied examples contained in the book can be reproduced step by step with the help of the Excel files. The content of this book serves as the foundation for the training course Certified Financial Modeler. In an industry that is becoming increasingly complex, financial modeling is a key skill for practitioners across all key sectors of finance and banking, where complicated problems often need to be solved quickly and clearly. This book will equip readers with the basic modeling skills required across the industry today.
A substantially revised edition of a bestselling text combining explanation and implementation using Excel; for classroom use or as a reference for finance practitioners. Financial Modeling is now the standard text for explaining the implementation of financial models in Excel. This long-awaited fourth edition maintains the “cookbook” features and Excel dependence that have made the previous editions so popular. As in previous editions, basic and advanced models in the areas of corporate finance, portfolio management, options, and bonds are explained with detailed Excel spreadsheets. Sections on technical aspects of Excel and on the use of Visual Basic for Applications (VBA) round out the book to make Financial Modeling a complete guide for the financial modeler. The new edition of Financial Modeling includes a number of innovations. A new section explains the principles of Monte Carlo methods and their application to portfolio management and exotic option valuation. A new chapter discusses term structure modeling, with special emphasis on the Nelson-Siegel model. The discussion of corporate valuation using pro forma models has been rounded out with the introduction of a new, simple model for corporate valuation based on accounting data and a minimal number of valuation parameters. New print copies of this book include a card affixed to the inside back cover with a unique access code. Access codes are required to download Excel worksheets and solutions to end-of-chapter exercises. If you have a used copy of this book, you may purchase a digitally-delivered access code separately via the Supplemental Material link on this page. If you purchased an e-book, you may obtain a unique access code by emailing [email protected] or calling 617-253-2889 or 800-207-8354 (toll-free in the U.S. and Canada). Praise for earlier editions “Financial Modeling belongs on the desk of every finance professional. Its no-nonsense, hands-on approach makes it an indispensable tool.” —Hal R. Varian, Dean, School of Information Management and Systems, University of California, Berkeley “Financial Modeling is highly recommended to readers who are interested in an introduction to basic, traditional approaches to financial modeling and analysis, as well as to those who want to learn more about applying spreadsheet software to financial analysis." —Edward Weiss, Journal of Computational Intelligence in Finance “Benninga has a clear writing style and uses numerous illustrations, which make this book one of the best texts on using Excel for finance that I've seen.” —Ed McCarthy, Ticker Magazine
Financial Modelling in Practice: A Concise Guide for Intermediate and Advanced Level is a practical, comprehensive and in-depth guide to financial modelling designed to cover the modelling issues that are relevant to facilitate the construction of robust and readily understandable models. Based on the authors extensive experience of building models in business and finance, and of training others how to do so this book starts with a review of Excel functions that are generally most relevant for building intermediate and advanced level models (such as Lookup functions, database and statistical functions and so on). It then discusses the principles involved in designing, structuring and building relevant, accurate and readily understandable models (including the use of sensitivity analysis techniques) before covering key application areas, such as the modelling of financial statements, of cash flow valuation, risk analysis, options and real options. Finally, the topic of financial modelling using VBA is treated. Practical examples are used throughout and model examples are included in the attached CD-ROM. Aimed at intermediate and advanced level modellers in Excel who wish to extend and consolidate their knowledge, this book is focused, practical, and application-driven, facilitating knowledge to build or audit a much wider range of financial models. Note: CD-ROM/DVD and other supplementary materials are not included as part of eBook file.