Even advanced Excel users could probably learn some things from chapters 3-5.Ĭhapters 6-9 cover mostly Excel basics with a few intermediate Excel concepts (like named ranges, goal seek, scenarios, and dynamic links in chart objects).
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The author does a great job of explaining how to apply these fundamental concepts in Excel, such as documenting assumptions, error-checking, designing a model to be used by others, and how to review a spreadsheet created by somebody else. The author doesn't talk about engineering - I just bring that up to emphasize that many of the concepts are universal. It focuses on how to use Excel for financial modeling, with an emphasis on modeling.Ĭhapters 3-5 contain many important modeling concepts that are also applicable to engineering models.
I've read many "for dummies" books because they typically do a good job of presenting basic information in a practical way.
For a list of the financial functions available in Excel, organized by category, see the article, " Excel Financial Functions and Formulas" Financial Modeling in Excel for Dummies - by Danielle Stein Fairhurst One of the attractions of using Excel for financial modeling is the variety of financial formulas at your disposal. For a basic introduction, take a look at the article, " Monte Carlo Simulation in Excel: A Practical Guide". Evans on his site, Creating Value through Excellence in Financial Management (), lists over 75 free spreadsheets related to accounting, personal and corporate finance, project management, and cash flow valuation.Ī number of books on finance, financial modelling, and building models using Excel and VBA are listed on the right.Īfter you have a model built in Excel, one advanced method used in forecasting and decision making is Monte Carlo Simulation.
Excel Business Templates - Check out our collection of business templates for Excel, including financial statements, budgeting, loan calculators, time sheets, project management, and more.Free Financial Modeling Course from Financial Templates and Spreadsheets for Excel
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