Which is the best financial modeling?
Finding your suitable financial modeling is not easy. You may need consider between hundred or thousand products from many store. In this article, we make a short list of the best financial modeling including detail information and customer reviews. Let’s find out which is your favorite one.
1. Financial Modeling (The MIT Press)
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MIT Press MADescription
A substantially revised edition of a bestselling text combining explanation and implementation using Excel; for classroom use or as a reference for finance practitioners.
Financial Modeling is now the standard text for explaining the implementation of financial models in Excel. This long-awaited fourth edition maintains the cookbook features and Excel dependence that have made the previous editions so popular. As in previous editions, basic and advanced models in the areas of corporate finance, portfolio management, options, and bonds are explained with detailed Excel spreadsheets. Sections on technical aspects of Excel and on the use of Visual Basic for Applications (VBA) round out the book to make Financial Modeling a complete guide for the financial modeler.
The new edition of Financial Modeling includes a number of innovations. A new section explains the principles of Monte Carlo methods and their application to portfolio management and exotic option valuation. A new chapter discusses term structure modeling, with special emphasis on the Nelson-Siegel model. The discussion of corporate valuation using pro forma models has been rounded out with the introduction of a new, simple model for corporate valuation based on accounting data and a minimal number of valuation parameters.
New print copies of this book include a card affixed to the inside back cover with a unique access code.Access codes are required to download Excel worksheets and solutions to end-of-chapter exercises.If you have a used copy of this book, you may purchase a digitally-delivered access code separately via the Supplemental Material link on this page. If you purchased an e-book, you may obtain a unique access code by emailing [email protected] or calling 617-253-2889 or 800-207-8354 (toll-free in the U.S. and Canada).
Praise for earlier editions
Financial Modeling belongs on the desk of every finance professional. Its no-nonsense, hands-on approach makes it an indispensable tool.
Hal R. Varian, Dean, School of Information Management and Systems, University of California, Berkeley
Financial Modeling is highly recommended to readers who are interested in an introduction to basic, traditional approaches to financial modeling and analysis, as well as to those who want to learn more about applying spreadsheet software to financial analysis."
Edward Weiss, Journal of Computational Intelligence in Finance
Benninga has a clear writing style and uses numerous illustrations, which make this book one of the best texts on using Excel for finance that I've seen.
Ed McCarthy, Ticker Magazine
2. Financial Modeling and Valuation: A Practical Guide to Investment Banking and Private Equity
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Used Book in Good ConditionDescription
Written by the Founder and CEO of the prestigious New YorkSchool of Finance, this book schools you in the fundamental toolsfor accurately assessing the soundness of a stock investment. Builtaround a full-length case study of Wal-Mart, it shows you how toperform an in-depth analysis of that company's financial standing,walking you through all the steps of developing a sophisticatedfinancial model as done by professional Wall Street analysts. Youwill construct a full scale financial model and valuationstep-by-step as you page through the book.
When we ran this analysis in January of 2012, we estimated thestock was undervalued. Since the first run of the analysis, thestock has increased 35 percent. Re-evaluating Wal-Mart9months later, we will step through the techniques utilized by WallStreet analysts to build models on and properly value businessentities.
- Step-by-step financial modeling - taught using downloadableWall Street models, you will construct the model step by step asyou page through the book.
- Hot keys and explicit Excel instructions aid even the noviceexcel modeler.
- Model built complete with Income Statement, Cash FlowStatement, Balance Sheet, Balance Sheet Balancing Techniques,Depreciation Schedule (complete with accelerating depreciation anddeferring taxes), working capital schedule, debt schedule, handlingcircular references, and automatic debt pay downs.
- Illustrative concepts including detailing model flows help aidin conceptual understanding.
- Concepts are reiterated and honed, perfect for a novice yetdetailed enough for a professional.
- Model built direct from Wal-Mart public filings, searchingthrough notes, performing research, and illustrating techniques toformulate projections.
- Includes in-depth coverage of valuation techniques commonlyused by Wall Street professionals.
- Illustrative comparable company analyses - built the right way,direct from historical financials, calculating LTM (Last TwelveMonth) data, calendarization, and properly smoothing EBITDA and NetIncome.
- Precedent transactions analysis - detailing how to extractproper metrics from relevant proxy statements
- Discounted cash flow analysis - simplifying and illustratinghow a DCF is utilized, how unlevered free cash flow is derived, andthe meaning of weighted average cost of capital (WACC)
- Step-by-step we will come up with a valuation on Wal-Mart
- Chapter end questions, practice models, additional case studiesand common interview questions (found in the companion website)help solidify the techniques honed in the book; ideal foruniversities or business students looking to break into theinvestment banking field.
3. Financial Modeling in Excel For Dummies
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DUMMIESDescription
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 computerwhich 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 softwarethe 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!
4. Investment Banking: Valuation, Leveraged Buyouts, and Mergers and Acquisitions
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A timely update to the global best-selling book on investment banking and valuationIn the constantly evolving world of finance, a solid technical foundation is an essential tool for success. Due to the fast-paced nature of this world, however, no one has been able to take the time to properly codify the lifeblood of the corporate financier's work--namely, valuation. Rosenbaum and Pearl have responded to this need by writing the book that they wish had existed when they were trying to break into Wall Street.
Investment Banking: Valuation, Leveraged Buyouts, and Mergers & Acquisitions, Second Edition is a highly accessible and authoritative book that focuses on the primary valuation methodologies currently used on Wall Street--comparable companies, precedent transactions, DCF, and LBO analysis--as well as M&A analysis. These methodologies are used to determine valuation for public and private companies within the context of M&A transactions, LBOs, IPOs, restructurings, and investment decisions. Using a step-by-step how-to approach for each methodology, the authors build a chronological knowledge base and define key terms, financial concepts, and processes throughout the book. They also provide a comprehensive overview of the fundamentals of LBOs and an organized M&A sale process, as well as merger consequences analysis.
In the aftermath of the subprime mortgage crisis and ensuing credit crunch, the world of finance is returning to the fundamentals of valuation and critical due diligence for M&A, capital markets, and investment opportunities.. This involves the use of more realistic assumptions governing approach to risk as well as a wide range of value drivers. While valuation has always involved a great deal of "art" in addition to time-tested "science," the artistry is perpetually evolving in accordance with market developments and conditions. As a result, Rosenbaum and Pearl have updated the widely adopted first edition of their book with respect to both technical valuation fundamentals as well as practical judgment skills and perspective. The authors have also added a comprehensive and highly technical chapter on buy-side M&A analysis.
Furthermore, the authors address the importance of rigorous analysis based on trusted and attributable data sources. In this book, they highlight several datasets and investment banking tools from Bloomberg, a leading provider of business and financial data, news, research, and analytics.
5. Regression Modeling with Actuarial and Financial Applications (International Series on Actuarial Science)
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Used Book in Good ConditionDescription
Statistical techniques can be used to address new situations. This is important in a rapidly evolving risk management and financial world. Analysts with a strong statistical background understand that a large data set can represent a treasure trove of information to be mined and can yield a strong competitive advantage. This book provides budding actuaries and financial analysts with a foundation in multiple regression and time series. Readers will learn about these statistical techniques using data on the demand for insurance, lottery sales, foreign exchange rates, and other applications. Although no specific knowledge of risk management or finance is presumed, the approach introduces applications in which statistical techniques can be used to analyze real data of interest. In addition to the fundamentals, this book describes several advanced statistical topics that are particularly relevant to actuarial and financial practice, including the analysis of longitudinal, two-part (frequency/severity), and fat-tailed data. Datasets with detailed descriptions, sample statistical software scripts in "R" and "SAS," and tips on writing a statistical report, including sample projects, can be found on the book's Web site: http://research.bus.wisc.edu/RegActuaries.6. Financial Modeling for Business Owners and Entrepreneurs: Developing Excel Models to Raise Capital, Increase Cash Flow, Improve Operations, Plan Projects, and Make Decisions
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Financial Modeling for Business Owners and Entrepreneurs: Developing Excel Models to Raise Capital, Increase Cash Flow, Improve Operations, Plan Projects, and Make Decisions may be one of the most important books any entrepreneur or manager in a small or medium-sized enterprise will read. It combines logical business principles and strategies with a step-by-step methodology for planning and modeling a company and solving specific business problems. Youll learn to create operational and financial models in Excel that describe the workings of your company in quantitative terms and that make it far more likely you will avoid the traps and dead ends many businesses fall into.
Serial entrepreneur and financial expert Tom Y. Sawyer shows how to break your company down into basic functional and operational components that can be modeled. The result is a financial model that, for example, you can literally take to the bank or bring to local angel investors to receive the funding you need to launch your business or a new product. Or it might be a model that shows with startling clarity that your new product development effort is a likely winneror loser. Even better, youll learn to create models that will serve as guideposts for ongoing operations. Youll always know just where you are financially, and where you need to be. The models you will learn to build in Financial Modeling for Business Owners and Entrepreneurs can be used to:
- Raise capital for startup or any stage of growth
- Plan projects and new initiatives
- Make astute business decisions, including go/no-go assessments
- Analyze ROI on your product development and marketing expenditures
- Streamline operations, manage budgets, improve efficiency, and reduce costs
- Value the business when it is time to cash out or merge
In addition to many valuable exercises and tips for using Excel to model your business, this book contains a combination of practical advice born of hard-won lessons, advanced strategic thought, and the insightful use of hard skills. With a basic knowledge of Excel assumed, it will help you learn to think like an experienced business person who expects to make money on the products or services offered to the public. Youll discover that the financial model is a key management tool that, if built correctly, provides invaluable assistance every step of the entrepreneurial journey.
Tom Y. Sawyer has used the principles this book contains to create financial models of numerous startup and early-stage companies, assisting them in planning for and raising the capital that they needed to grow their businesses and ultimately exit with multiples of their initial investment. Financial Modeling for Business Owners and Entrepreneurs, a mini-MBA in entrepreneurship and finance, will show you how you can do the same.
Note: This book is an updated version of Sawyer's 2009 title, Pro Excel Financial Modeling.
7. Foundations of Real Estate Financial Modelling
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Foundations of Real Estate Financial Modelling, Second Edition is specifically designed to provide the scalable basis of pro forma modelling for real estate projects. The book introduces students and professionals to the basics of real estate finance theory prior to providing a step-by-step guide for financial real estate model construction using Excel. The book introduces an innovative new financial metric, P(Gain), which quantifies the probability of a Return of Capital and answers the most basic question for investing, "What is the probability I get my money back?".
This new second edition has been fully revised and expanded. The book is separated into three functional units: (1) Real Estate Valuation Basics, Theory and Skills, (2) Real Estate Pro Forma Modelling, (3) Real Estate Pro Forma (Enhancements). New and enhanced Chapters cover:
- Interest rates
- Amortization
- Single- and multi-family unit
- Development module
- Rent roll module
- Waterfall (equity bifurcation)
- Hotel, retail/office and townhouse.
In addition, this new edition includes problem sets and solutions at the end of each chapter as well as case studies underpinning the chapter topics. Further chapters are dedicated to risk quantification and include scenario, stochastic and Monte Carlo simulations, equity waterfalls, and adding U.S. GAAP financial statements to existing real estate pro forma models.
This book is the ideal textbook for a Real Estate Finance class, providing the theoretical basis of real estate finance as well as valuable modelling skills for the workplace. This book provides individuals with a step-by-step instruction on how to construct a real estate financial model starting with a new spreadsheet. The resultant model is portable, scalable, and modular. A companion website provides the pro forma models to readers as a reference for their own constructed models.
Companion web material available at: https://pgainllc.com/
8. Financial Modeling Best Practices
9. Microsoft Excel Data Analysis and Business Modeling (5th Edition)
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Microsoft PressDescription
Master business modeling and analysis techniques with Microsoft Excel 2016, and transform data into bottom-line results. Written by award-winning educator Wayne Winston, this hands on, scenario-focused guide helps you use Excels newest tools to ask the right questions and get accurate, actionable answers. This edition adds 150+ new problems with solutions, plus a chapter of basic spreadsheet models to make sure youre fully up to speed.
Solve real business problems with Exceland build your competitive advantage
- Quickly transition from Excel basics to sophisticated analytics
- Summarize data by using PivotTables and Descriptive Statistics
- Use Excel trend curves, multiple regression, and exponential smoothing
- Master advanced functions such as OFFSET and INDIRECT
- Delve into key financial, statistical, and time functions
- Leverage the new charts in Excel 2016 (including box and whisker and waterfall charts)
- Make charts more effective by using Power View
- Tame complex optimizations by using Excel Solver
- Run Monte Carlo simulations on stock prices and bidding models
- Work with the AGGREGATE function and table slicers
- Create PivotTables from data in different worksheets or workbooks
- Learn about basic probability and Bayes Theorem
- Automate repetitive tasks by using macros
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