Powerful ideas from top nonfiction
Try Blinkist to get the key ideas from 7,500+ bestselling nonfiction titles and podcasts. Listen or read in just 15 minutes.
Start your free trial
Blink 3 of 8 - The 5 AM Club
by Robin Sharma
Hands-On Financial Modeling with Microsoft Excel 2019 summary
Brief summary
Hands-On Financial Modeling with Microsoft Excel 2019 equips you with the essential skills and knowledge needed to build and analyze financial models in Excel. Learn practical techniques and best practices to enhance your financial modeling proficiency.
Topics
Table of Contents
Hands-On Financial Modeling with Microsoft Excel 2019
Summary of key ideas
Introduction to Financial Modeling and Excel
In the book Hands-On Financial Modeling with Microsoft Excel 2019, we begin with an introduction to financial modeling and Excel. We explore the importance of financial modeling in decision-making processes and the role of Excel as a powerful tool for financial modeling. We also discuss the key features of Excel 2019 that are relevant to financial modeling.
We then move on to understanding the steps involved in building a financial model. We discuss the importance of planning and structuring the model, gathering data, and setting up the model in Excel. We also explore the best practices for organizing and documenting the model to ensure clarity and transparency.
Formulas and Functions for Financial Modeling
In the next section, we delve into the core of financial modeling - formulas and functions. We explore the various financial functions available in Excel and how they can be used to perform common financial calculations such as present value, future value, and net present value. We also discuss the use of logical and lookup functions in financial modeling.
Furthermore, we learn about the power of Excel's array formulas and how they can be used to perform complex calculations efficiently. We also explore the use of data tables and scenarios to perform sensitivity analysis and scenario planning in financial models.
Building Assumptions and Projections
After mastering the use of formulas and functions, we move on to understanding the process of building assumptions and projections in financial models. We discuss the importance of understanding the business context and using historical data to make informed assumptions about future performance. We also explore different methods for projecting income statements, balance sheets, and cash flow statements.
Additionally, we learn about the concept of circular references and how to handle them in financial models. We also discuss the use of Excel's Goal Seek and Solver tools to optimize model outputs based on specific constraints.
Advanced Financial Modeling Techniques
In the subsequent section, we explore advanced financial modeling techniques. We discuss the construction of detailed asset and debt schedules, which are essential components of many financial models. We also delve into the concept of scenario analysis and learn how to build dynamic, flexible models that can accommodate different business scenarios.
Furthermore, we explore the use of Monte Carlo simulation in financial modeling. We discuss how Monte Carlo simulation can be used to assess the impact of uncertainty and risk on financial outcomes, making our models more robust and insightful.
Model Testing and Validation
In the final part of the book, we focus on model testing and validation. We discuss the importance of testing the model for accuracy and reasonableness. We explore various techniques for model testing, including stress testing, sensitivity analysis, and back-testing.
Finally, we learn about the best practices for documenting and presenting financial models. We discuss the importance of clear, transparent model documentation and effective model presentation to ensure that the model outputs are easily understandable and actionable.
In conclusion, Hands-On Financial Modeling with Microsoft Excel 2019 provides a comprehensive guide to building effective financial models using Excel. By mastering the concepts and techniques presented in this book, readers will be well-equipped to create robust, reliable financial models that can support informed decision-making in various business contexts.
How do we create content on this page?
More knowledge in less time
Read or listen
Get the key ideas from nonfiction bestsellers in minutes, not hours.
Find your next read
Get book lists curated by experts and personalized recommendations.
Shortcasts New
We’ve teamed up with podcast creators to bring you key insights from podcasts.
What is Hands-On Financial Modeling with Microsoft Excel 2019 about?
Hands-On Financial Modeling with Microsoft Excel 2019 by Shmuel Oluwa is a comprehensive guide that teaches you how to create financial models using Excel. It covers topics such as forecasting, valuation, and scenario analysis, providing practical examples and step-by-step instructions. Whether you're a finance professional or a student, this book will help you master the art of financial modeling.
Hands-On Financial Modeling with Microsoft Excel 2019 Review
Hands-On Financial Modeling with Microsoft Excel 2019 (2020) is a comprehensive book that teaches readers how to use Excel to create financial models. Here's why this book is worth reading:
- Provides practical examples and step-by-step instructions that enable readers to master financial modeling in Excel.
- Combines theoretical concepts with hands-on exercises, ensuring a deep understanding of financial modeling techniques.
- Offers real-world applications of financial modeling, making it engaging and relevant for both beginners and experienced professionals.
Who should read Hands-On Financial Modeling with Microsoft Excel 2019?
- Individuals who want to learn how to effectively build and analyze financial models using Excel
- Professionals working in finance, investment banking, or corporate finance
- Students pursuing a degree in finance or accounting
Categories with Hands-On Financial Modeling with Microsoft Excel 2019
Book summaries like Hands-On Financial Modeling with Microsoft Excel 2019
People ❤️ Blinkist
Sven O.
It's highly addictive to get core insights on personally relevant topics without repetition or triviality. Added to that the apps ability to suggest kindred interests opens up a foundation of knowledge.
Thi Viet Quynh N.
Great app. Good selection of book summaries you can read or listen to while commuting. Instead of scrolling through your social media news feed, this is a much better way to spend your spare time in my opinion.
Jonathan A.
Life changing. The concept of being able to grasp a book's main point in such a short time truly opens multiple opportunities to grow every area of your life at a faster rate.
Renee D.
Great app. Addicting. Perfect for wait times, morning coffee, evening before bed. Extremely well written, thorough, easy to use.
People also liked these summaries
4.7 Stars
Average ratings on iOS and Google Play
32 Million
Downloads on all platforms
10+ years
Experience igniting personal growth
Hands-On Financial Modeling with Microsoft Excel 2019 FAQs
What is the main message of Hands-On Financial Modeling with Microsoft Excel 2019?
The main message of Hands-On Financial Modeling with Microsoft Excel 2019 is to help readers effectively use Excel for financial modeling.
How long does it take to read Hands-On Financial Modeling with Microsoft Excel 2019?
The reading time for Hands-On Financial Modeling with Microsoft Excel 2019 varies, but it typically takes several hours. The Blinkist summary can be read in just 15 minutes.
Is Hands-On Financial Modeling with Microsoft Excel 2019 a good book? Is it worth reading?
Hands-On Financial Modeling with Microsoft Excel 2019 is a valuable book for anyone seeking to enhance their financial modeling skills. It offers practical guidance and insights.
Who is the author of Hands-On Financial Modeling with Microsoft Excel 2019?
The author of Hands-On Financial Modeling with Microsoft Excel 2019 is Shmuel Oluwa.
What to read after Hands-On Financial Modeling with Microsoft Excel 2019?
If you're wondering what to read next after Hands-On Financial Modeling with Microsoft Excel 2019, here are some recommendations we suggest:
- Basic Economics by Thomas Sowell
- The Ascent of Money by Niall Ferguson
- Think and Grow Rich by Napoleon Hill
- The 4-Hour Workweek by Tim Ferriss
- Rich Dad, Poor Dad by Robert T. Kiyosaki
- Secrets of the Millionaire Mind by T. Harv Eker
- The Richest Man in Babylon by George S. Clason
- Business Adventures by John Brooks
- The Most Important Thing by Howard Marks
- More Money Than God by Sebastian Mallaby
Featured Titles
- Start Late, Finish Rich
- Strengths Based Leadership
- Technical Analysis of the Financial Markets
- The Business Owner's Definitive Guide to Captive Insurance Companies
- The Little Book That Beats the Market
- The Little Red Book of Selling
- The New One Minute Manager
- The Starfish and the Spider
- Wealth, Actually
- Women & Money