A few months ago Kenny Whitelaw-Jones showed our virtual meetup group how it’s becoming easier to build complex models in record time using modular model build tool Openbox, a new structured financial modelling environment that sits on top of Excel.
Since then, 150 beta users have taken the software through three rounds of private beta. (more…)
Personally, I’ve never been particularly interested in entering any of the financial modelling championship competitions – I suppose I never felt the need to prove anything and it all seemed rather high-stress and hyper-competitive, with the questions being released at all hours of the night. When the new Financial Modeling World Cup launched last month with a small entry fee and a two-hour commitment, I entered more out of curiosity than anything and found it actually quite stimulating and challenging. Being my first attempt and not taking it seriously (admittedly taking a phone call and then making myself tea and toast during the allotted time probably wasn’t wise). I completely bombed, and was rather relieved to see the names are not shown publicly for those who do poorly. Despite my pitiful results, I did find the challenge quite addictive and I took it far more seriously in the second round. I actually made it onto to the leader board at #34, although I am not sure if this rank takes into account my first attempt. I do hope so, as it means I’ll have a better chance at improving!
Happy Halloween! I have been meaning to write about phantom links for a while, and Halloween is a good time to talk about hunting down and exorcise this ghoulishly annoying phenomenon from your financial models.
A 3-way financial model, consists of a fully dynamic and flexible Income Statement, Balance Sheet and Cash Flow Statement.
For those who have tried, building one in PowerBI is not a trivial task. (more…)
With the huge amount of data available to us every day, a well-built and visually appealing dashboard is one of the best ways to interpret and communicate large quantities of information. Learn to quickly and effectively communicate the results of your analysis to be easily interpreted and understood by others at a glance. Hear from Excel modelling specialist, Danielle Stein Fairhurst as she provides an introduction to her popular online workshop “Dashboard Reporting in Modern Excel”. (more…)
Advancing technology in financial modelling and forecasting is certainly reducing the reliance on humans to do the forecasting and planning/automation in AI, putting even highly technical skills (like financial modelling) at risk of being made redundant.
Modular spreadsheet development is already rapidly reducing the time it takes to build models, so what does that mean for those wanting to learn the fundamental skills of building a model? (more…)
A critical skill for the business professional to learn is how to handle data proficiently and analyzing it using the right tool, particularly in the area of human resources. Traditional HR practices have shifted from transactional to data driven practices which are business focused and result oriented. The HR Dashboard effectively demonstrates the key HR Data that provide insights necessary for decision-making that achieves business results. (more…)
All financing projects are slightly different, so when building a financial model for the purpose of gaining long-term financing, it’s very difficult to standardise project models of different natures. Join us to hear from Paris-based financial modelling author, lecturer and investment banker, Hedieh Kianyfard to discuss hints and tricks for model review. (more…)
The Financial Modeling World Cup is a brand new competition where modellers from all over the world and different backgrounds come together to learn, train and compete. To celebrate the launch of this new initiative, we’ve hosted an Exhibition Round where two expert modellers Dmitrijs Lukaševičs and Dan Mayoh pit their skills against each other and you’ve got front row seats! (more…)
If you are thinking about sitting for the next Level 1 Financial Modelling certification exam coming up on 24th October from the Financial Modeling Institute (FMI), you may be wondering what to expect on the day, or how you can best get ready to give yourself the best possible chance of success. (more…)
