Excel Financial Modeling and Business Analysis Masterclass from Udemy

Learn how to design scalable, flexible, and reusable financial models with Excel, using plain English and crystal clear explanations.

Welcome to Excel Financial Modeling and Business Analysis Masterclass.

During this course, we will create a complete range of applicable Excel models from:

Financial Statement Modeling
Budgeting
Forecasting
Discounted Cash Flow Analysis (DCF)
What-if Analysis
Project Costing Models
Activity-Based Costing
Advanced Financial Techniques
Excellent Formula tips and tricks

Excel financial modeling involves designing and building calculations to assist in decision-making. Learning how to build models with complexity in an accurate, robust, and transparent way is an essential skill in the modern workplace.

The goal isn’t to teach you how to memorize Excel Models but to actually learn the skills to generate your own reports with a clear idea of how to structure a financial report so it has maximum flexibility.

And by the end of this course, you will learn how to build effective, robust, flexible financial models.

Content and Overview

First, I’ll take you through the Financial Modeling Theory. I define financial modeling — what it is, who uses it, and why it matters.

Then we will dive into how to Plan and Design your Financial Model: how to find the Data for the Model, the steps To Build a Model, and methods for Including Documentation in a Model.

Also, you’ll learn tools and techniques for Financial Modeling, like cell referencing, Naming and Dynamic Ranges, profit and loss Calculations, Restricting and Validating Data, and Goal Seeking.

Then I’ll take you through some Excel Shortcuts. These things will make your life easier when you move around an excel spreadsheet.

In the following three sections, you will master the Excel formulas and functions necessary for building practical calculations and flexible, pliable models. There are three parts: Essential Functions, Advanced Functions, and Financial Functions.

Then I’ll walk you through building Scenarios to Financial Models, like drop-down Scenarios. You’ll learn Sensitivity Analysis with Data Tables and how to use Scenario Manager with real-world examples.

Also, you will learn some excellent charting techniques, which all fall off the back of our calculations page. I firmly believe that if you set up a robust calculations area, the charts, and the management summary, everything falls out of that workhorse, which is the calculations page.

The following section discusses accounting and the most common daily tasks and approaches accountants face.

And in the following sections, we get into the real meat of the course. This is about putting them all together and creating over five effective, robust, flexible financial models from scratch, like:

> Financial Statements (3-statement) Model

> Project Costing Model

> Discounted Cash Flow (DCF) Modelling

> Activity-Based Costing

> Budgeting

Once you complete every section, you’ll have quizzes and exercises to solve and fully understand the theory.

The course will cover model construction, assumptions, advanced excel functionality, error trapping, sensitivity analysis, presentation of model output, and pro tips and tricks.

If you’re ready to take your financial modeling and business Analysis skills to the next level, this course is for you.

Sign up today and get immediate lifetime access to over 8 hours of high-quality video content, downloadable project files, quizzes and homework exercises, and one-on-one instructor support.

And by the way, at the end of the course don't forget to print out the certificate of completion.

This course is also unique in the way that it is structured and presented. I've incorporated everything I learned in my years of teaching to make this course more effective and engaging.

If you have any questions, please don't hesitate to contact me. I got into this industry because I love working with people and helping students learn.

Enroll now and enjoy the course.

learning is more effective when it is an active rather than a passive process

Euripides Ancient Greek dramatist

What's inside

Learning objectives

Design scalable, flexible, and reusable financial models with excel
Create a complete range of applicable excel models from financial statement modeling, budgeting, forecasting, discounted cash flow analysis, what if analysis
Build calculations to assist in decision-making
Learn to structure a financial report from scratch
Understand financial modeling theory: what it is, who uses it, and why it matters
Plan and design your financial model: how to find the data for the model, the steps to build a model, and methods for including documentation in a model
Learn tools and techniques for financial modeling: cell referencing, naming and dynamic ranges, p&l calculations, restricting & validating data, goal seeking
Master excel formulas and functions: sumproduct, sumifs, offset, vlookup, xlookup, pmt, ppmt, ipmt, nper, pv, npv, xnpv, indirect, address etc
Build scenarios to financial models: drop-down scenarios, sensitivity analysis with data tables, scenario manager
Learn charting for analysis and model output: trending column chart, bullet chart & four-segment line chart

Financial statements (3-statement) model
Project costing model
Discounted cash flow (dcf) modelling
Activity-based costing
Budgeting
Forecasting development
Learn model construction, assumptions, advanced excel functionality, error trapping, sensitivity analysis, presentation of model output, and pro tips and tricks
Become a successful financial analyst in no time!
Show more
Show less

Design scalable, flexible, and reusable financial models with excel
Create a complete range of applicable excel models from financial statement modeling, budgeting, forecasting, discounted cash flow analysis, what if analysis
Build calculations to assist in decision-making
Learn to structure a financial report from scratch
Understand financial modeling theory: what it is, who uses it, and why it matters
Plan and design your financial model: how to find the data for the model, the steps to build a model, and methods for including documentation in a model
Learn tools and techniques for financial modeling: cell referencing, naming and dynamic ranges, p&l calculations, restricting & validating data, goal seeking
Master excel formulas and functions: sumproduct, sumifs, offset, vlookup, xlookup, pmt, ppmt, ipmt, nper, pv, npv, xnpv, indirect, address etc
Build scenarios to financial models: drop-down scenarios, sensitivity analysis with data tables, scenario manager
Learn charting for analysis and model output: trending column chart, bullet chart & four-segment line chart
Financial statements (3-statement) model
Project costing model
Discounted cash flow (dcf) modelling
Activity-based costing
Budgeting
Forecasting development
Learn model construction, assumptions, advanced excel functionality, error trapping, sensitivity analysis, presentation of model output, and pro tips and tricks
Become a successful financial analyst in no time!
Show more
Show less

Syllabus

Introducing Financial Modeling

Course Resources & Setting Expectations

What is Financial Modelling?

Why is financial modeling important?

Traffic lights

Read about what's good

what should give you pause

and possible dealbreakers

Covers discounted cash flow analysis, which is a core skill for finance professionals who need to evaluate investment opportunities and make informed financial decisions

Teaches financial statement modeling, budgeting, and forecasting, which are essential for business analysts who need to understand a company's financial performance and future prospects

Explores advanced Excel functions like XNPV, IRR, and MIRR, which are useful for finance professionals who need to perform complex financial calculations and analysis

Includes a section on accounting and common daily tasks, which may be helpful for students who are new to finance and accounting concepts

Features Excel tips and tricks, including shortcuts and advanced charting techniques, which can improve efficiency and presentation skills for Excel users

Requires familiarity with Excel, so learners without prior experience using this software may need to acquire basic skills before taking this course

Reviews summary

Practical excel financial modeling masterclass

According to learners, this course is a highly practical (positive) and comprehensive (positive) guide to Excel financial modeling (neutral) and business analysis (neutral). Students report gaining valuable skills (positive) applicable to real-world scenarios, particularly appreciating the focus on building financial models (neutral) like DCF, 3-statement models, and budgeting from scratch. Many found the lectures (positive) clear, the Excel techniques and shortcuts (positive) useful, and the downloadable project files and exercises (positive) helpful for hands-on learning. While generally well-received, some suggest having a basic understanding of Excel (warning) beforehand enhances the learning experience.

Best for those with some Excel experience.

"While comprehensive, having a basic understanding of Excel functions helps you keep pace."

"Might be a bit challenging if you are a complete beginner to Excel."

"Requires some basic Excel knowledge to get the most out of the course material."

"Recommend knowing basic Excel formulas before starting this."

Includes helpful files and exercises.

"The downloadable project files were essential for practicing alongside the lectures."

"Liked the exercises provided, they helped solidify my understanding of the theory."

"Learning by building models from scratch with the provided files was very effective."

"Project files were very helpful, made it easy to follow along and practice."

Highlights valuable Excel formulas and shortcuts.

"Gained so many useful Excel tips and tricks that speed up my work."

"The sections on dynamic ranges, VLOOKUP/XLOOKUP, and financial functions were great."

"Learned new formulas and shortcuts that I didn't know before. Very helpful!"

"Loved the Excel tips and tricks; the shortcut section was a game-changer."

Instructor explains concepts effectively.

"The instructor explains complex topics in a very clear and easy-to-understand way."

"Loved the teaching style, it made financial modeling approachable."

"Explanations were crystal clear, even for challenging techniques."

"Easy to follow the lectures and the explanations provided."

Covers key financial models extensively.

"The sections on DCF and 3-statement modeling were incredibly thorough and useful."

"I appreciated learning how to build different models like budgeting and project costing from the ground up."

"Excellent coverage of the essential financial modeling concepts needed for analysis."

"Covers all the essential models from Financial Statements to DCF..."

Provides skills immediately applicable to work.

"This course gave me the skills to immediately start building financial models for my job."

"Very practical! I can now confidently apply these techniques in my professional role."

"Focuses on real-world examples which is exactly what I needed for business analysis."

"I learned practical tools and strategies that I could apply immediately to my work."

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Excel Financial Modeling and Business Analysis Masterclass with these activities:

Review Accounting Principles

Show steps

Solidify your understanding of fundamental accounting principles to better grasp financial statement modeling.

Browse courses on Financial Accounting

Show steps

Review key accounting concepts such as assets, liabilities, and equity.
Practice creating basic financial statements.

Excel Function Practice

Show steps

Reinforce your understanding of key Excel functions by completing practice exercises.

Show steps

Find online resources with Excel function exercises.
Practice using functions like VLOOKUP, SUMIFS, and INDEX/MATCH.
Review the solutions and identify areas for improvement.

Review 'Financial Modeling' by Simon Benninga

Show steps

Deepen your understanding of financial modeling techniques and best practices.

View Financial Modeling, fifth edition on Amazon

Show steps

Read the chapters related to DCF and sensitivity analysis.
Work through the examples provided in the book using Excel.

Four other activities

Expand to see all activities and additional details

Show all seven activities

Build a Personal Budgeting Model

Show steps

Apply the budgeting concepts learned in the course to create a practical tool for managing personal finances.

Show steps

Gather your income and expense data.
Design a spreadsheet to track income, expenses, and savings.
Use Excel formulas to calculate totals and create charts to visualize your budget.

Review 'Using Excel for Business and Financial Modelling' by Danielle Stein Fairhurst

Show steps

Gain practical insights into building financial models for business applications.

View Financial Modeling in Excel For Dummies on Amazon

Show steps

Read the chapters related to forecasting and valuation.
Replicate the examples provided in the book using your own data.

Create a DCF Model for a Publicly Traded Company

Show steps

Practice building a discounted cash flow model to value a real-world company.

Show steps

Download the company's financial statements from its website or SEC filings.
Project future cash flows based on historical data and industry trends.
Calculate the present value of the projected cash flows to determine the company's intrinsic value.
Present your findings in a well-formatted report.

Create a Financial Modeling Blog Post

Show steps

Solidify your understanding of a specific financial modeling topic by explaining it in a blog post.

Show steps

Choose a financial modeling topic that you find interesting or challenging.
Research the topic and gather relevant information.
Write a clear and concise blog post explaining the topic and providing examples.
Share your blog post on social media or with your network.

Career center

Learners who complete Excel Financial Modeling and Business Analysis Masterclass will develop knowledge and skills that may be useful to these careers:

Financial Modeler

The role of a financial modeler is to create financial models for various purposes, and the skills taught in this course are central to the daily work of a financial modeler. The financial modeler uses modeling to make business predictions, and this course teaches the techniques behind creating those models. This course, which teaches how to build robust and flexible financial models, will help anyone who wishes to become a financial modeler. A financial modeler should find the sections on building models from scratch invaluable, as the course provides instruction in financial statement modeling, DCF analysis, and project costing. The course also covers sensitivity analysis, model output presentation, and advanced Excel functionality.

See salaries and explore the career path for Financial Modeler

Equity Analyst

An equity analyst needs to be able to evaluate the financial health of companies and this course will be very helpful to that end. The course covers many of the techniques that an equity analyst uses in their day to day work, including financial statement modeling and discounted cash flow analysis. An equity analyst would find the instruction on building models from scratch to be particularly useful, especially when applied to the financial statements of a business. The course's emphasis on sensitivity analysis will lead to a better understanding of how different inputs will impact valuation models. This course is an excellent choice for an equity analyst who wishes to learn the best practices when it comes to model building.

See salaries and explore the career path for Equity Analyst

Investment Analyst

An investment analyst evaluates investment opportunities, and this course can help by teaching many of the necessary modeling skills. An investment analyst often uses discounted cash flow analysis and financial statement modeling to assess different investments, and this course teaches how to build these from the ground up. The course's focus on financial modeling theory will be helpful for an investment analyst seeking a deeper understanding of financial modeling, which is fundamental to the role. An investment analyst should also take this course to be able to build financial models with maximum flexibility and to learn how to present the data in a clear way. The instruction this course provides will help ensure that an investment analyst can succeed in their day to day work.

See salaries and explore the career path for Investment Analyst

Financial Analyst

A financial analyst needs strong modeling skills, and this course helps build a foundation in creating various financial models. The work of a financial analyst involves evaluating financial data, preparing reports, and offering recommendations, all of which are supported by the skills learned in this course. The course's focus on techniques for building practical calculations and flexible models is directly applicable to the work done by a financial analyst. This course is particularly useful for those wishing to learn financial modeling from the ground up, as it teaches how to generate reports by structuring them for maximum flexibility. Those wanting to become a financial analyst should take this course in order to understand model construction, assumptions, advanced excel functionality, error trapping, and sensitivity analysis.

See salaries and explore the career path for Financial Analyst

Corporate Finance Analyst

A corporate finance analyst works with a company's financials and this course helps build expertise in financial modeling, which is foundational to this work. A corporate finance analyst will work to develop financial strategies, and this requires a firm understanding of how to build flexible financial models. This course will help a corporate finance analyst by teaching them how to generate reports with a clear understanding of how to structure a financial report. The corporate finance analyst will also use the concepts learned in this course, including discounted cash flow analysis and various financial functions. The course’s focus on Excel shortcuts and advanced formulas directly translates to what a corporate finance analyst does.

See salaries and explore the career path for Corporate Finance Analyst

Business Analyst

A business analyst uses data to identify problems, propose solutions, and support decision-making, and this course will help the analyst build the required skills. The course enables business analysts to create models for budgeting, forecasting, and cost analysis, which are very important aspects of the role. A business analyst will perform data analysis using models, and this course provides insight into creating these models from scratch. By learning charting techniques and model construction, a business analyst with these skills will greatly improve their capabilities. This course provides instruction in the use of Excel for financial modeling which can help any business analyst learn to structure financial reports for maximum flexibility.

See salaries and explore the career path for Business Analyst

Budget Analyst

A budget analyst creates and manages budgets and this course provides expertise in the fundamentals of budget modeling. The work of a budget analyst involves forecasting, creating budgets, and financial analysis, and this course will help with all of these skills. A budget analyst should take this course in order to understand how to create a budget in excel and learn the theory behind financial modeling. A budget analyst will also benefit from the course's emphasis on excel techniques for building practical calculations and flexible models. The course will help a budget analyst learn model construction, assumptions, and advanced excel functionality.

See salaries and explore the career path for Budget Analyst

Project Manager

A project manager benefits from a strong understanding of project costing and budgeting, and this course provides that insight. The work of a project manager involves planning, executing, and closing projects, and this course provides the skills to build project costing models, which are crucial to successful project management. A project manager should come to this course because it emphasizes the creation of flexible models, which will help with adapting to changes over time. A project manager will also benefit from an understanding of financial modeling theory, model construction, and sensitivity analysis. The course teaches techniques for how to manage project costs and resources, which is a major area of focus for a project manager.

See salaries and explore the career path for Project Manager

Pricing Analyst

A pricing analyst works to optimize pricing strategies, and this course can help by providing modeling skills for cost analysis. A pricing analyst often has to create models using various cost inputs, and this course teaches how to build project costing and activity based costing models. A pricing analyst should take this course to understand how models can be structured to provide maximum flexibility. The course, which also covers advanced financial techniques, will provide a pricing analyst with the tools necessary to succeed. The course's instruction on sensitivity analysis will also be very useful to a pricing analyst who cares about the impact of each cost component on the final price of a good or service.

See salaries and explore the career path for Pricing Analyst

Real Estate Analyst

A real estate analyst may find this course will be helpful in learning how to model financial projections, which is essential to the role. In real estate, an analyst needs to understand project costing, budgeting, and discounted cash flow analysis, all of which are covered in the course. A real estate analyst should take this course because it emphasizes the creation of robust, flexible models using Excel, a vital program in the field. This course, which teaches sensitivity analysis and model output presentation, can help any real estate analyst build the required skills. This course can help a real estate analyst by teaching the tools and techniques necessary for assessing real estate investments.

See salaries and explore the career path for Real Estate Analyst

Portfolio Manager

A portfolio manager uses financial models to inform investment decisions and this course helps a person build those required modeling skills. Portfolio managers need to understand budgeting and forecasting, and this course teaches the fundamentals of how to build these models from scratch. A portfolio manager will use models to analyze investments, and this course's focus on data analysis can help a portfolio manager excel. This course, which teaches financial functions in excel, also provides instruction in discounted cash flow analysis, which is a critical tool for portfolio managers. This course can help a portfolio manager understand model construction, assumptions, and advanced excel functionality.

See salaries and explore the career path for Portfolio Manager

Management Consultant

A management consultant is often involved in financial analysis and modeling, and this course will be useful for those consulting in the finance sector. The work of a management consultant involves creating financial models to help businesses make crucial decisions, and this is a key component of the course. A management consultant should take this course to gain insight into best practices in the field of financial modeling. The course provides a deep understanding of how to build a flexible model, which will help a management consultant to provide the best advice possible. The course's focus on data analysis and presentation will be helpful to anyone who wishes to be a management consultant.

See salaries and explore the career path for Management Consultant

Data Analyst

Data analysts need to understand how to build effective models and this course provides instruction on how to create financial models. The work of a data analyst involves cleaning, analyzing, and presenting data, and this course provides insight into how to use excel to do so with financial data. A data analyst should take this course to improve their data management and presentation skills, particularly in a financial setting. The course also teaches advanced excel functionality and charting techniques, which are important skills for a data analyst. The course can help a data analyst understand how to create models for problem solving and data driven decision making.

See salaries and explore the career path for Data Analyst

Business Intelligence Analyst

A business intelligence analyst interprets data to drive business strategies, and this course can help by teaching how to build financial models in excel. The work of a business intelligence analyst often involves analyzing financial data, and this course teaches the excel tools needed to present data in a clear and concise manner. A business intelligence analyst should take this course in order to be able to create data driven reports. The course's focus on charting techniques and model design will be very useful to a business intelligence analyst. This course teaches data validation and goal seeking which can help a business intelligence analyst manage data effectively.

See salaries and explore the career path for Business Intelligence Analyst

Accountant

An accountant is responsible for maintaining and analyzing financial records and this course provides training in how to use excel to do so. The course introduces the most common daily tasks and approaches accountants face, which will be helpful to anyone interested in this field. An accountant would find value in learning how to use advanced excel functions relevant to financial analysis. A person working as an accountant can also benefit from the instruction on creating various financial statements. An accountant who also has mastery of financial modeling can provide an even greater contribution to the company, and this course is an excellent place to start.

See salaries and explore the career path for Accountant

Excel Financial Modeling and Business Analysis Masterclass

What's inside

Learning objectives

Syllabus

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Reviews summary

Practical excel financial modeling masterclass

Activities

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