SPECIALISTS IN FINANCIAL MODELLING

Financial Modelling for Valuations

Building valuation models requires a specialized knowledge of valuation theory (using the different techniques of valuing an asset), as well as modeling skills. If you’re a casual financial modeler, you probably won’t be required to create from scratch a fully functioning valuation model. But you should at least have an idea of what types of valuation financial models are out there.

(more…)

Q&A on writing “Financial Modeling in Excel for Dummies”

Now that my new book “Financial Modeling in Excel for Dummies” is finally available, a lot of people have been asking me about the writing process and how it all came about. I think what they want to know but are too polite to ask is “what on earth were you thinking?” and I must admit that I asked tha
(more…)

Dummies Cheat Sheet

For Dummies Book CoverFinancial Modeling in Excel For Dummies by Danielle Stein Fairhurst 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! 

Purchase the bundle of online training courses from Plum Solutions and get this book included. The Excel files used in this book can be downloaded here.


(more…)

The Lifecycle of a Financial Model

Financial models sometimes don’t start out life intended to be a full-fledged financial model.  You might start fiddling in Excel, and go from there.  In its most basic form, a model might start its life as a rough calculation or a “back of an envelope” scribble – something that can help you make the most basic of financial decisions such as; how much money do I have left when the bills have been paid?  Those useful little calculations that help you plan whether you can afford to renovate your house.

(more…)

MyExcelOnline Podcast Interview

Last week Danielle Stein Fairhurst was interviewed by John Michaloudis for his very popular MyExcelOnline Podcast.  During the interview they chat about what it means to be a financial modeller, Danielle’s upcoming book “Financial Modeling in Excel for Dummies”, ModelOff Financial Modelling Championships, and online training.

(more…)

Meetup Presentation: Turning up the Heat with Excel Dashboards

Heat maps have evolved considerably in recent versions of Excel from a matrix of colours to become a powerful graphical representation of data displayed in a dashboard. Excel has the capacity to add conditional colour to images based on an agreed set of parameters or key performance indicators. With a little corralling, a heat map nestled inside a dashboard can add a powerful visual element to an otherwise plain and simple report.


You will hear from Dashboards and VBA expert, Marcus Small who leads us in this highly practical and hands-on workshop session. This 60-minute presentation covers:

  • The creation of an Excel heat map from scratch. Generates the scalable vector file (SVG) from Wiki Commons and passes it through Inkscape to Excel.
  • Builds in the formulation and creates the VBA which will generate a predetermined colour scheme for a dashboard where the heat map will form the centre piece.
  • Layout and design when creating a dashboard, maximising design with very little effort.

By the end of the session you will know how you can create an interactive heat map using just about any imaginable image and include it in your own Excel Dashboards.

Marcus Small holds a Master’s Degree in Finance from ANU and has worked in the Big 4, Investment Banking and within industry both here and overseas. He is the founder of www.thesmallman.com, a website dedicated to Excel and VBA development with an acute focus on dashboard design and financial modelling. Additionally, Marcus moderates both Ozgrid and Chandoo forums, which are amongst the web’s largest online Excel resources.