Turn your financial data into insightful decisions with this straightforward guide to financial modeling with Excel
Interested in learning how to build practical financial models and forecasts but concerned that you don't have the math skills or technical know-how? We've got you covered! Financial decision-making has never been easier than with  Financial Modeling in Excel For Dummies . Whether you work at a mom-and-pop retail store or a multinational corporation, you can learn how to build budgets, project your profits into the future, model capital depreciation, value your assets, and more.
You'll learn by doing as this book walks you through practical, hands-on exercises to help you build powerful models using just a regular version of Excel, which you've probably already got on your PC. You'll also:
Master the tools and strategies that help you draw insights from numbers and data you've already got  Build a successful financial model from scratch, or work with and modify an existing one to your liking  Create new and unexpected business strategies with the ideas and conclusions you generate with scenario analysis  Don't go buying specialized software or hiring that expensive consultant when you don't need either one. If you've got this book and a working version of Microsoft Excel, you've got all the tools you need to build sophisticated and useful financial models in no time!

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Financial Modeling in Excel For Dummies, 2nd Edition

Danielle Fairhurst; Safari, an O'Reilly Media Company

Fairhurst, Danielle Stein

Wiley & Sons, Incorporated, John

Wiley & Sons, Limited, John

For Dummies, a Wiley brand

American Geophysical Union

John Wiley and Sons

Wiley John + Sons

Wiley-Blackwell

--For dummies, 2nd edition, Hoboken, New Jersey, 2022

John Wiley & Sons, Inc. (trade), [S.l.], 2022

United States, United States of America

2nd ed, Newark, 2022

2nd, 2021

Vector PDF

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Title Page
Copyright Page
Table of Contents
Introduction
About This Book
Foolish Assumptions
Icons Used in This Book
Beyond the Book
Where to Go from Here
Part 1 Getting Started with Financial Modeling
Chapter 1 Introducing Financial Modeling
Defining Financial Modeling
What it is
Who uses it
Why it matters
Looking at Examples of Financial Models
Project finance models
Pricing models
Integrated financial statement models
Valuation models
Reporting models
Chapter 2 Getting Acquainted with Excel
Making Sense of the Different Versions of Excel
A rundown of recent Excel versions
Focusing on file formats
Defining Modern Excel
Recognizing the Dangers of Using Excel
Capacity
Lack of discipline
Errors
Looking at Alternatives and Supplements to Excel
Chapter 3 Planning and Designing Your Financial Model
Identifying the Problem That Your Financial Model Needs to Solve
Designing How the Problem’s Answer Will Look
Gathering Data to Put in Your Model
Documenting the Limitations of Your Model
Considering the Layout and Design of Your Model
Structuring your model: What goes where
Defining inputs, calculations, and output blocks
Determining your audience
Chapter 4 Building a Financial Model by the Rulebook
Document Your Assumptions
Create Dynamic Formulas Using Links
Only Enter Data Once
Model with Consistent Formulas
Build in Error Checks
Allowing tolerance for error
Applying conditional formatting to an error check
Format and Label for Clarity
Chapter 5 Using Someone Else’s Financial Model
Considering Templates for Building a Financial Model
Why templates can be appealing
What’s wrong with using templates
Why you should build your own model
Inheriting a File: What to Check For
Meeting a model for the first time
Inspecting the workbook
Using Audit Tools to Find and Correct Errors
Checking a model for accuracy
Making sense of the formulas
Sharing and Version Control
Part 2 Diving Deep into Excel
Chapter 6 Excel Tools and Techniques for Financial Modeling
Referencing Cells
Relative cell referencing
Absolute cell referencing
Mixed cell referencing
Naming Ranges
Understanding why you may want to use a named range
Creating a named range
Finding and using named ranges
Editing or deleting a named range
Dynamic Ranges
Linking in Excel
Internal links
External links
Using Shortcuts
Restricting and Validating Data
Restricting user data entry
Creating drop-down boxes with data validations
Protecting and locking cells
Goal Seeking
Limiting project costs with a goal seek
Calculating a break-even point with a goal seek
Chapter 7 Using Functions in Excel
Identifying the Difference between a Formula and a Function
Finding the Function You Need
Getting Familiar with the Most Important Functions
SUM
MAX and MIN
AVERAGE
COUNT and COUNTA
ROUND, ROUNDUP, and ROUNDDOWN
IF
COUNTIF and SUMIF
Reporting sales with SUMIF
VLOOKUP, HLOOKUP, and XLOOKUP
Being Aware of Advanced Functions and Functionality
Chapter 8 Applying Scenarios to Your Financial Model
Identifying the Differences among Types of Analysis
Building Drop-Down Scenarios
Using data validations to model profitability scenarios
Applying formulas to scenarios
Applying Sensitivity Analysis with Data Tables
Setting up the calculation
Building a data table with one input
Building a data table with two inputs
Applying probability weightings to your data table
Using Scenario Manager to Model Loan Calculations
Setting up the model
Applying Scenario Manager
Chapter 9 Charting and Presenting Model Output
Deciding Which Data to Display
Conveying Your Message by Charting Scenarios
Deciding Which Type of Chart to Use
Line charts
Bar charts
Combo charts
Pie charts
Charts in newer versions of Excel
Dynamic Charting
Building the chart on formula-driven data
Linking the chart titles to formulas
Creating dynamic text
Preparing a Presentation
Part 3 Building Your Financial Model
Chapter 10 Building an Integrated Financial Statements Model
Getting to Know the Case Study
Entering Assumptions
Revenue assumptions
Expense assumptions
Other assumptions
Calculating Revenue
Projecting sales volume
Projecting dollar sales
Calculating Expenses
Staff costs
Other costs
Depreciation and amortization
Building the Income Statement
Building the Cash Flow Statement
Building the Balance Sheet
Building Scenarios
Entering your scenario assumptions
Building a drop-down box
Building the scenario functionality
Chapter 11 Building a Discounted Cash Flow Valuation
Understanding How the Discounted Cash Flow Valuation Works
Step 1: Calculating Free Cash Flow to Firm
Step 2: Calculating Weighted Average Cost of Capital
Step 3: Finding the Terminal Value
Discounting Cash Flows and Valuation
Chapter 12 Budgeting for Capital Expenditure and Depreciation
Getting Started
Making a reusable budget model template
Creating dynamic titles
Output 1: Calculating Cash Required for Budgeted Asset Purchases
Output 2: Calculating Budgeted Depreciation
Useful life
Written-down date
The depreciation schedule for the current year
Depreciation in prior periods
Output 3: Calculating the Written-Down Value of Assets for the Balance Sheet
Part 4 The Part of Tens
Chapter 13 Ten Strategies for Reducing Error
Using the Enter Key
Checking Your Work
Checking It Again
Getting Someone Else to Check Your Work
Documenting Assumptions
Documenting Methodology with a Flowchart
Stress-Testing with Sensitivity Analysis
Conducting a Scenario Analysis
Taking Note of Excel Error Values
Including Error Checks
Chapter 14 Ten Common Pitfalls to Avoid
The Numbers Don’t Add Up
You’re Getting #REF! Errors
You Have Circular References
The Model Has Too Much Detail
The File Size Is Out of Control
Your Model Is Full of “Spaghetti” Links
The Formulas Are Unnecessarily Long and Complicated
No One Is Paying Attention to the Model
You Don’t Want to Let Go
Someone Messes Up Your Model
Index
EULA

Comprehensive guide to learning how to create informative, enlightening financial models today. Not a math whiz or an Excel power-user? No problem! All you need is a basic understanding of Excel to start building simple models with practical hands-on exercises and before you know it, you'll be modeling your way to optimized profits for your business in no time

2021-12-14