Financial Modeling in Excel For Dummies - Softcover

Fairhurst, Danielle Stein

Softcover

ISBN 10: 1119357543 ISBN 13: 9781119357544

Publisher: For Dummies, 2017

Synopsis

Make informed business decisions with the beginner's guide to financial modeling using Microsoft Excel

Financial Modeling in Excel For Dummies is your 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. Excel is powerful, user-friendly, and is most likely already installed on your computer—which is why it has so readily become the most popular financial modeling software. This book shows you how to harness Excel's capabilities to determine profitability, develop budgetary projections, model depreciation, project costs, value assets and more. You'll learn the fundamental best practices and know-how of financial modeling, and how to put them to work for your business and your clients. You'll learn the tools and techniques that bring insight out of the numbers, and make better business decisions based on quantitative evidence. You'll discover that financial modeling is an invaluable resource for your business, and you'll wonder why you've waited this long to learn how! Companies around the world use financial modeling for decision making, to steer strategy, and to develop solutions. This book walks you through the process with clear, expert guidance that assumes little prior knowledge.

• Learn the six crucial rules to follow when building a successful financial model
• Discover how to review and edit an inherited financial model and align it with your business and financial strategy
• Solve client problems, identify market projections, and develop business strategies based on scenario analysis

Create valuable customized templates models that can become a source of competitive advantage From multinational corporations to the mom-and-pop corner store, there isn't a business around that wouldn't benefit from financial modeling. No need to buy expensive specialized software—the tools you need are right there in Excel. Financial Modeling in Excel For Dummies gets you up to speed quickly so you can start reaping the benefits today!

About this title

From the Back Cover

• Use Excel to plan strategically
• Optimize profits by forecasting
• Model scenarios and what-if analysis

Start creating sophisticated financial models in Excel today!

From Fortune 500 corporations to home-based businesses, all companies can benefit from financial modeling. With it, you can predict market trends, determine solutions to client issues, and find ways to optimize your profits. And the best part is you don't need specialized software or an MBA to do it! You'll be creating your very own financial models before you know it and this book shows you how. It gets you up to speed in no time on how to use Excel to create financial models tailored to your business needs and goals.

Visit the companion website at www.dummies.com/go/financialmodelinginexcelfd to download the Excel workbook files used in this book.

Inside ...

• Financial modeling ABCs
• Excel modeling tools and how to use them
• Identifying strengths and weaknesses
• Teasing insights out of the numbers
• Optimizing profits
• Finding solutions to client questions

About the Author

Danielle Stein Fairhurst is the principal financial modeler for Plum Solutions with many years' experience in the field. Her "Financial Modelling in Excel" LinkedIn group has more than 40,000 subscribers. She is also the author of several articles and other books as well as a financial modeling newsletter.

Edition details

• Publisher: For Dummies
• Publication date: 2017
• ISBN 10: 1119357543
• ISBN 13: 9781119357544
• Binding: Paperback
• Language: English
• Edition number: 1
• Number of pages: 336