Financial Modeling Bootcamp: Model all 3 Financial Stmts from Udemy

Learn how to build and forecast all 3 financial statements like a pro.

If you are in the finance or accounting world (or aspire to be) a deep knowledge of the 3 financial statements, how to build them, and how to forecast them is critically important. This course is going to help take your financial modeling skills to a whole new level.

In our course you are going to:

Improve your Microsoft Excel modeling skills
Build the 3 financial statements from scratch
Learn to forecast every part of the income statement and balance sheet

Our course features:

We walk you through every single piece of the financial statements
You will follow along with the instructor on your own model
Easy to understand videos broken into 3-6 minute videos
Well designed and easy to understand for even a finance novice
Detailed and comprehensible explanations
Materials that you can reference for years to come

What's great is this course pairs perfectly with our other finance and Excel courses. In fact, we highly recommend taking our Financial Statement Analysis course before this one as that course will give you a great background on how the financial statements actually work.

This course then builds on that by teaching you to build and forecast the financial statements.

So register today and take your financial modeling skills to the next level.

What's inside

Learning objectives

Create a full 3 statement financial model from start to finish
Build historical financial statements of any company
Forecast the components of all 3 financial statements

Create a base, best, and worst case scenario analysis
Sensitize and test the key assumptions of your model
Build a fully dynamic model with 5 years of projections

Create a full 3 statement financial model from start to finish
Build historical financial statements of any company
Forecast the components of all 3 financial statements
Create a base, best, and worst case scenario analysis
Sensitize and test the key assumptions of your model
Build a fully dynamic model with 5 years of projections

Syllabus

Introduction

Welcome to the course!

Course materials

Modeling Best Practices

Key Principles to Financial Modeling pt. I

Key Principles to Financial Modeling pt. II

Introduction to the Financial Model

Introducing the Audited Financial Statements

Quiz 1

Projecting the Income Statement

Projecting out Revenue pt. I

Projecting out Revenue pt. II

Calculating and Projecting the Income Statement Metrics

Projecting the Other Income Statement Items

Quiz 2

Projecting the Balance Sheet

Forecasting Accounts Receivable

Forecasting Inventory

Forecasting Other Current Assets

Forecasting Accounts Payable and Other Current Liabilities

Forecasting Other Long-Term Assets & Liabilities

BONUS: How to Build a Full Depreciation Schedule pt. I

BONUS: How to Build a Full Depreciation Schedule pt. II

Projecting PP&E

Forecasting Goodwill & Amortization

Forecasting the Debt Schedule pt. I

Forecasting the Debt Schedule pt. II

BONUS: How to Build a Debt Amortization Schedule pt. I

BONUS: How to Build a Debt Amortization Schedule pt. II

Calculating Stock Holders Equity & Accumulated Earnings

Quiz 3

Creating a Scenario & Sensitivity Analysis

Calculating the Cash Flow Statement

Tying the Statements Together & Dealing with Circularity

Allowing Circularity in your Model

Creating a Scenario Analysis pt. I

Creating a Scenario Analysis pt. II

Creating a Sensitivity Table pt. I

Creating a Sensitivity Table pt. II

How to Spot Errors in your Model pt. I

How to Spot Errors in your Model pt. II

Quiz 4

Conclusion

Final Thoughts

Good to know

Know what's good

, what to watch for

, and possible dealbreakers

Teaches how to build and forecast financial statements, which is critically important for professionals in the finance and accounting fields

Develops skills in Microsoft Excel modeling, which is a core tool for financial analysis and forecasting

Builds a fully dynamic model with 5 years of projections, which is a standard practice in financial planning and analysis

Recommends taking a Financial Statement Analysis course beforehand, which may require additional time and resources

Features easy-to-understand videos, which can help finance novices grasp complex financial concepts more readily

Explores scenario and sensitivity analysis, which are essential for risk management and strategic decision-making in finance

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 Financial Modeling Bootcamp: Model all 3 Financial Stmts with these activities:

Review Financial Accounting Principles

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Solidify your understanding of basic accounting principles to better grasp the construction and interpretation of financial statements.

Browse courses on Financial Accounting

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Review key accounting concepts like assets, liabilities, and equity.
Study the relationships between the three financial statements.
Practice basic accounting problems.

Review 'Financial Intelligence for IT Professionals'

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Gain a broader understanding of financial statements and their implications for business decisions.

View Financial Intelligence for IT Professionals:... on Amazon

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Read the book, focusing on chapters related to financial statements.
Take notes on key concepts and definitions.
Relate the concepts to the financial modeling course content.

Excel Formula Practice

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Sharpen your Excel skills by practicing common financial modeling formulas and functions.

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Practice using SUM, AVERAGE, IF, and other relevant functions.
Create simple spreadsheets to apply these formulas.
Explore more advanced functions like INDEX, MATCH, and OFFSET.

Four other activities

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Model a Simple Business

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Apply the concepts learned in the course by building a financial model for a hypothetical business.

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Choose a simple business model (e.g., coffee shop, online store).
Gather basic financial data and assumptions.
Build the three financial statements in Excel.
Forecast the statements for 3-5 years.

Create a Financial Modeling Cheat Sheet

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Consolidate key formulas, concepts, and best practices into a concise cheat sheet for future reference.

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Review the course materials and identify key takeaways.
Organize the information into a logical structure.
Design a visually appealing and easy-to-use cheat sheet.

Explore Advanced Excel Modeling Techniques

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Deepen your understanding of advanced Excel features and techniques relevant to financial modeling.

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Find tutorials on topics like macros, VBA, and data tables.
Follow the tutorials and practice the techniques.
Incorporate these techniques into your existing financial models.

Review 'Investment Banking: Valuation, Leveraged Buyouts, and Mergers & Acquisitions'

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Gain a deeper understanding of valuation techniques and how financial models are used in investment banking.

View Investment Banking Workbook: 500+ Problem... on Amazon

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Read the book, focusing on valuation and financial modeling chapters.
Take notes on key concepts and methodologies.
Consider how these concepts can be applied to your own models.

Career center

Learners who complete Financial Modeling Bootcamp: Model all 3 Financial Stmts will develop knowledge and skills that may be useful to these careers:

Financial Analyst

A Financial Analyst uses financial data to help guide business decisions, and this course in financial modeling is directly relevant to their work. Financial analysts build and interpret financial statements, forecast future performance, and create models to assess different scenarios. This course, which teaches how to build all three financial statements and forecast them, is particularly useful. The course's emphasis on building dynamic models, stress testing assumptions, and creating scenario analysis is essential for financial analysis. Learning how to create a full three-statement financial model from beginning to end will be very beneficial for those looking to enter this career.

See salaries and explore the career path for Financial Analyst

Investment Banking Analyst

An Investment Banking Analyst needs strong financial modeling skills, and this course provides a solid foundation in this area. Investment banking analysts are involved in complex financial transactions and need to be fluent with forecasting and financial statement construction. This course will be especially helpful for those looking for a role in investment banking. This course includes instruction on building a forecast for every part of the income statement and balance sheet, which investment banking analysts do frequently. The modeling best practices and dynamic modeling in this course will be very beneficial to an investment banking analyst.

See salaries and explore the career path for Investment Banking Analyst

Equity Research Analyst

An Equity Research Analyst performs in-depth analysis of companies, and a deep knowledge of financial modeling is an absolute must. This course may be very useful in strengthening the financial modeling skills required for equity analysis. The course focuses on forecasting and building the three financial statements from scratch, and that is directly applicable to this career. An equity research analyst will regularly build their own financial models to project future performance, value companies, and make investment recommendations. You may find that learning to create a base, best, and worst case scenario analysis is essential for an equity research analyst.

See salaries and explore the career path for Equity Research Analyst

Corporate Development Analyst

A Corporate Development Analyst supports a company's growth through mergers, acquisitions, and other strategic transactions. They must be proficient at financial modeling, and that is the focus of this course. The course emphasizes building and forecasting all three financial statements, which is critical for their role. A corporate development analyst is involved in building models for various strategic business scenarios. This course is especially helpful to learn best practices in financial modeling. The course provides essential techniques, such as creating scenario analyses and sensitivity tables, which are frequently used when evaluating strategic deals.

See salaries and explore the career path for Corporate Development Analyst

Financial Planning Analyst

A Financial Planning Analyst is responsible for budgeting, forecasting, and financial analysis within an organization, all of which will be supported by this course. This course helps to build a foundation in building and forecasting financial statements. Financial planning analysts need to create financial projections and sensitivity analyses. They also need to understand the way the three financial statements relate to each other. The course provides practical experience building these very models as well learning to spot errors in them. The course material provides a good reference for years to come for those in this role.

See salaries and explore the career path for Financial Planning Analyst

Private Equity Analyst

A Private Equity Analyst evaluates potential investments in private companies, which will require a solid mastery of financial modeling. This course will be very beneficial for someone seeking a role in private equity. They will be building financial models to forecast the performance of companies and assess the return on investment, and this course teaches how to create these financial projections. Learning how to create a full three statement model from the ground up is key to performing many duties of a private equity analyst. The ability to perform scenario and sensitivity analysis is also a major skill taught in the course.

See salaries and explore the career path for Private Equity Analyst

Hedge Fund Analyst

A Hedge Fund Analyst analyzes investments for a hedge fund, which requires strong financial modeling abilities that this course may help to build. They build complex financial models to make informed decisions. This course's training in creating full three-statement financial models is essential for a hedge fund analyst. A hedge fund analyst should know how to create financial forecasts as well as how to create scenario and sensitivity analysis. Their work also often includes stress testing key assumptions of a model, which is included in this course. A deep knowledge and understanding of the three financial statements is key for this profession.

See salaries and explore the career path for Hedge Fund Analyst

Real Estate Analyst

A Real Estate Analyst analyzes real estate markets and properties, and the financial modeling focus of this course is useful. This course, which teaches how to build and forecast the three financial statements, may be helpful because real estate analysts use these skills to value properties and make investment decisions. In this career, analysts often build financial projection models, and the course provides practical experience in this area. Learning how to project out revenue and other income statement items would be especially relevant for a real estate analyst. They should be proficient in creating scenario and sensitivity analysis.

See salaries and explore the career path for Real Estate Analyst

Consultant

A Consultant provides expert advice to organizations, and some consulting roles rely heavily on financial modeling. This course, which provides a foundation in building the three financial statements and forecasting them, may be very useful for those in this field. Consultants often create financial models to analyze business problems and design solutions. A consultant in some roles will need to be fluent in financial modeling and will need to know how to create scenario analysis, and this course directly covers those topics. The course gives a consultant a foundation to quickly create financial models.

See salaries and explore the career path for Consultant

Valuation Analyst

A Valuation Analyst determines the economic value of assets and businesses, and this course may be helpful in that field. Valuation analysts need to be skilled at building and forecasting financial statements. The course teaches how to model the three financial statements from scratch, which is a core skill for a valuation analyst. They must also be able to create base, best, and worst case scenario analyses, and this skill is a key part of the course's syllabus. The course's instruction in sensitizing and testing assumptions is also essential. The course provides a basis for building complex models.

See salaries and explore the career path for Valuation Analyst

Portfolio Manager

A Portfolio Manager constructs and manages investments, and this course may be a good starting point to build skills in that field. Portfolio managers need to be able to analyze financial statements of companies and forecast future performance. This course provides a good overview of how to build three statement models and how to create scenarios and sensitivity analysis. Learning to identify and spot errors in a financial model is crucial to portfolio management. The course may be a good starting point for those who wish to move into a portfolio management role.

See salaries and explore the career path for Portfolio Manager

Credit Analyst

A Credit Analyst assesses the creditworthiness of borrowers, and this course may help build skills in this field. Credit analysts rely on financial statements to assess risk. This course teaches how to build and forecast all three financial statements. The course is a good choice to gain a basic understanding of financial statements and how they tie together. The ability to project statements is essential to performing many duties of a credit analyst. Although this course focuses on financial modeling, it may be beneficial to learn the basics of all three statements.

See salaries and explore the career path for Credit Analyst

Treasurer

A Treasurer oversees a company's financial activities and may find some use in this course. This course teaches how to build all three financial statements and how to forecast them. Although a treasurer typically has a broad role in overseeing the finances of a company, a deep understanding of the financial statements is certainly useful. This course may be particularly helpful in building a better understanding of the financial statements by creating your own three statement models. Learning to project out revenue and other income statement items may be useful for a treasurer.

See salaries and explore the career path for Treasurer

Budget Analyst

A Budget Analyst prepares and manages budgets for an organization. This course, which focuses on financial modeling, may be useful for this role. Although budget analysts may rely less on complex modeling, it can be helpful to understand how to create and project financial statements and the interconnections between them. This is covered in the course. The course material may be useful for learning how to forecast financial outcomes and analyze scenarios. Learning to build a full depreciation schedule, which is in the course, may be helpful for a budget analyst.

See salaries and explore the career path for Budget Analyst

Accountant

An Accountant prepares and analyzes financial records for an organization. This course may be helpful for those who want to gain an understanding of financial modeling. While this course focuses on building financial models for forecasting, the skills to build the three financial statements from scratch may be useful. The course's emphasis on how the three financial statements tie together may help provide a good foundation of understanding for an accountant. The course also introduces the concept of sensitizing and stress testing the key assumptions of a model, which may be useful to understand in a future role.

See salaries and explore the career path for Accountant

Reading list

We've selected two books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Financial Modeling Bootcamp: Model all 3 Financial Stmts.

Investment Banking Workbook

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Comprehensive guide to valuation techniques used in investment banking. While it goes beyond the scope of basic financial modeling, it provides valuable context and insights into how financial models are used in real-world transactions. It's particularly helpful for understanding the assumptions and drivers behind financial forecasts. This book is commonly used as a textbook at academic institutions and by industry professionals.

Investment Banking Workbook: 500+ Problem Solving...

Hardcover

Investment Banking Workbook: 500+ Problem Solving...

Kindle Edition

Financial Intelligence for IT Professionals

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Provides a practical and accessible introduction to financial concepts, tailored for those without a finance background. It explains how financial statements are created and how to interpret them. It's particularly useful for understanding the 'why' behind the numbers, which complements the 'how' of building financial models. This book is more valuable as additional reading than as a current reference.

Financial Intelligence for IT Professionals: What...

Paperback

Financial Modeling Bootcamp

Model all 3 Financial Stmts

What's inside

Learning objectives

Syllabus

Good to know

Save this course

Activities

Career center

Reading list

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