Financial Modeling For Business Analysts And Consultants

Learn Financial Modeling in Excel that will allow you to participate in due diligence, strategy or turn around projects

What you'll learn

You will master financial modeling in Excel at the needed for business analysts and consultants level

Understand the main challenges in financial modelling

Perform the analyses of financial models

You will get access to +30 ready-made models that you can utilize for your purposes

Model your business in Excel

Estimate the value of your business

Requirements

Basic Excel

Basic knowledge of economics or finance

Description

What is the aim of this course?As a business analyst or a consultant, you will have to from time to time create financial models. They are a bit different than business models. In business models, you go into details of operations and you focus on getting the links on the KPIs. Those models are usually done for internal purposes, to manage in the right direction the business. Financial models on the other hand are more for external users. You concentrate on creating a picture of the business in a standardized, understood by everybody way. You also want to create financial statements: profit & loss statement, balance sheet statement, and cash flow statement.    On top of that, you use financial statements for valuation purposes.   The most typical situation when, as a business analyst or a consultant, you will have to prepare such a model is connected with selling or purchasing a company. You may be doing it on the sell side or on the buy side.  Financial modeling is done as a part of strategy projects, turnaround projects, and due diligence.   I will NOT teach you everything on financial modeling because it is simply not efficient (and frankly you don’t need it). This course is organized around the 80/20 rule and I want to teach you the most useful (from a business analyst/consultant perspective) ways to go as fast as possible from rough description to working model in Excel that you can make more and more complicated.    The aim of this course is that you are able to do a financial model of the business as fast as possible.   If done properly, this course will transform you in a few days into a pretty good business analyst who knows how to create fast and efficiently financial models. This course is based on my 15 years of experience as a consultant in top consulting firms and as a Board Member responsible for strategy, performance improvement, and turn-arounds in the biggest firms from Retail, FMCG, SMG, B2B, and services sectors that I worked for. I have carried out or supervised over 90 different performance improvement projects in different industries that generated a total of 2 billion in additional EBITDA. On the basis of what you will find in this course, I have trained in person over 100 consultants, business analysts, and managers who now are Partners in PE and VC funds, Investment Directors and Business Analysts in PE and VC, Operational Directors, COO, CRO, CEO, Directors in Consulting Companies, Board Members, etc. On top of that my courses on Udemy were already taken by more than 224 000 students including people working in EY, Walmart, Booz Allen Hamilton, Adidas, Naspers, Alvarez & Marsal, PwC, Dell, Walgreens, Orange, and many others.I teach step by step on the basis of Excel files that will be attached to the course.  We will go through a real-life example of a business and create the financial model for it. To make the best out of the course you should follow my steps and repeat what I do with the data after every lecture. Don’t move to the next lecture if you have not done what I show in the lecture that you have gone through.    I assume that you know basic Excel so the basic features (i.e. how to write formulas in Excel) are not explained in this course. I concentrate on intermediate and advanced solutions and purposefully get rid of some things that are advanced yet later become very inflexible and useless (i.e. naming the variables).     To every lecture, you will find attached  (in additional resources) the Excel shown in the Lecture so as a part of this course you will also get a library of ready-made analyses that can, with certain modifications, be applied by you in your work.    Why have I decided to create this course?   This course is a part of my attempt to help business analysts and consultants gain fast useful knowledge that will help them excel at their work. I have done 10 other courses that will help you become a great business analyst or consultant. I have covered already: hacks and tricks in Excel, business modeling, market research, management productivity hacks, and others. Now you have the opportunity to learn financial modeling in Excel    In what way will you benefit from this course?   The course is a practical, step-by-step guide loaded with tons of analyses, tricks, and hints that will significantly improve the speed with which you do the analyses as well as the quality of the conclusions coming out of available in your company data. There is little theory – mainly examples, a lot of tips from my own experience as well as other notable examples worth mentioning. Our intention is that thanks to the course you will know:    What is the difference between business models and financial models?   How to model cost positions and balance sheet positions?   How to create on the basis of these financial statements: profit and loss statement, balance sheet statement, and cash flow statements   How to make sure that there is integrity in the model?   What analyses and conclusions you can draw from the financial model?   You can also ask me any question either through the discussion mode or by messaging me directly. How the course is organized?    The course is divided currently into 10 sections and will be adding new sections to address other important issues. Currently, you will find the following sections:    Introduction. We begin with a little intro to the course     Modeling of Profit & Loss account. In this section, we start by showing how to model cost positions (except for Depreciation)and how to create on the      basis of this a profit & loss statement    Capex and Depreciation.  Capex and Depreciation are some of the most difficult elements that you will model in Excel. Therefore, we have created a separate section devoted just to this subject. In this section, you will learn how to follow specific groups of assets, track their gross and net value, and calculate depreciation.    Working Capital. Working capital is crucial to the business as it defines how much money you have to have engaged in the business. I will show you how to model      specific positions of Working Capital    Debt.  You may need external sources of financing for the company. I will show you how to model loans and get the necessary info to create a balance sheet later.    Equity. In this section, I will show you how to model equity and all relations with shareholders    Balance sheet modeling. Here we get everything together to model the balance sheet statement.     Cash flow modeling.  Here we get everything together to model the cash flow statement.  Here we will check the integrity of the model as well.    Analyses of the Financial Model.  In the end, on the basis of a ready model, I will try to draw conclusions that will show us whether the business we have been analyzing is interesting or not   Valuation. In this section, I will show you the main valuation methods. We will look at DCF and the Multiplier methodBusiness modeling. In many cases, you will have no time to do a full financial model. In such situations, you may resort to creating a business model. A business model will usually have only a P&L statement. In some cases also simplified the Cash Flow statement. In this section, we will see how you can create such models. You can also get access to more than 30 models. You will see how to model e-commerce, marketplace, real estate, subscription businesses, and many more.     You will also be able to download many additional resources    Excels with analyses shown in the courseLinks to additional presentations and moviesLinks to books worth reading   At the end of my course, students will be able to…    You will master financial modeling in Excel at the needed for a business analyst and consultant levelUnderstand the main challenges in financial modelingPerform the analyses of the financial modelYou will get a ready model that you can utilize for your purposesWho should take this course? Who should not?   Business analystsResearchersControllersConsultantsSmall and medium business ownersStartups foundersWhat will students need to know or do before starting this course?   Basic ExcelBasic knowledge of economics or finance

Overview

Section 1: Introduction

Lecture 1 What the course will be about

Lecture 2 About me

Lecture 3 What to do if a blurry image appears

Lecture 4 How to find additional resources

Lecture 5 Difference between financial model and business model

Lecture 6 Essential Finance & Accounting

Lecture 7 Our approach to modelling

Lecture 8 Bottom-up approach

Lecture 9 Estimating the costs of a wedding – Introduction

Lecture 10 Estimating the costs of a wedding – Partial Solution

Lecture 11 Estimating the costs of a wedding – Excel Part 1

Lecture 12 Estimating the costs of a wedding – Excel Part 2

Lecture 13 Case Introduction

Section 2: Modeling of Profit & Loss Account

Lecture 14 How to make the most of the course

Lecture 15 Profit and loss intro

Lecture 16 Sales

Lecture 17 Materials and Energy

Lecture 18 External services

Lecture 19 Taxes & Payments

Lecture 20 Payroll

Lecture 21 Other Costs

Section 3: Capex and Depreciation

Lecture 22 Modeling Capex and depreciation - introduction

Lecture 23 Intangibles - modeling of gross value, net value and depreciation

Lecture 24 Machinery - modeling of gross value, net value and depreciation

Lecture 25 Adding depreciation to the P&L

Section 4: Working Capital

Lecture 26 Introduction to Working Capital

Lecture 27 Inventory of materials, WIP and finished goods

Lecture 28 Receivables

Lecture 29 Liabilities

Lecture 30 Corporate tax and final working capital estimation

Section 5: Debt

Lecture 31 Introduction to debt modeling

Lecture 32 Old loans

Lecture 33 New loan

Lecture 34 Interest paid and interest earned

Section 6: Equity

Lecture 35 Introduction to Equity

Lecture 36 Equity modeling

Section 7: Balance sheet modeling

Lecture 37 Introduction to Balance sheet modeling

Lecture 38 Fixed assets

Lecture 39 Current Assets

Lecture 40 Own capital

Lecture 41 Current liabilities

Lecture 42 Balance sheet - summary

Section 8: Cash flow modeling

Lecture 43 Cash Flow introduction

Lecture 44 Operational cash flows

Lecture 45 Investment cash flows

Lecture 46 Cash flow from financial activities

Lecture 47 Shareholders influence on Cash Flow

Lecture 48 Final Cash Flow

Section 9: Analyses of the Financial Model

Lecture 49 Introduction to Analyses

Lecture 50 Profit & Loss analyses

Lecture 51 Cash Flow analyses

Lecture 52 Possible improvements to be further analysed

Lecture 53 Alternative wasy to model Sales

Lecture 54 Alternative wasy to model Variable Costs

Lecture 55 More on Financial Analyses

Section 10: Valuation

Lecture 56 Introduction to Valuation

Lecture 57 Introduction to DCF method

Lecture 58 Difference between FCFF and FCFE

Lecture 59 DCF method of valuation applied to FCFF

Lecture 60 DCF method of valuation applied to FCFE

Lecture 61 Introduction to using multipliers for valuation

Lecture 62 Enterprise to EBIT or EBITDA

Lecture 63 Price per Earning multiplier

Lecture 64 More on Valuation

Lecture 65 How to increase the value of the business

Section 11: Business Modeling - examples

Lecture 66 Introduction to business modeling

Lecture 67 Difference between financial model and business model

Lecture 68 Mechanics of business model for a consulting firm

Lecture 69 The business model of a consulting firm in Excel - Capacity and revenues

Lecture 70 The business model of a consulting firm in Excel - costs and profit & loss

Lecture 71 E-commerce Introduction

Lecture 72 E-commerce business model

Lecture 73 Business model of a restaurant in Excel - basic model

Lecture 74 Business model of a restaurant in Excel - advanced model

Lecture 75 Other Business models

Section 12: Conclusions

Lecture 76 Bonus Lecture

Business analysts,Researchers,Controllers,Consultants,Small and medium business owners