Note that a more recent edition of this book, Using Excel for Business and Financial Modelling (Third Edition) was published in 2019 and is now available.
“Very informed review of Excel for the intermediate to higher end user. Thoroughly explains the concepts the author is teaching and the practical examples help to reinforce the learning process.”
Have you read Using Excel for Business Analysis? Add your review on Amazon!
3rd April 2013
With “Using Excel for Business Analysis”, Danielle Stein Fairhurst shows the way towards a more professional use of the spreadsheet software.
Read the full review here in German
9th January 2013
“Using Excel for Business Analysis” by Danielle Stein Fairhurst is one of the best books available for serious financial modelling on a professional level. The author shares her rich experience and introduces common best practices in a very reader-friendly way.
31st December 2012
I am busy with an MBA and have chosen “Financial Modelling” as one of my elective courses which I will attempt in May 2013. I have really learnt a lot from Danielle’s book. I use both a Windows PC and an Apple Mac and was very impressed by the amount of detail Danielle spends on discussing and explaining the differences in application.
The “Salary sacrifice Model” – I particularly appreciated having an opportunity to study the way the model was created. I was able to apply her teachings and adapted the model to our local “Super” legislation in South Africa. This exercise was the real learning experience and I had to refer back to the book many times. I feel better prepared for my upcoming course and in fact I suspect that my financial modelling interest will extend well beyond my MBA. I will certainly explore your online courses. Thank you again and please extend my appreciation to Danielle for her excellent book! Wishing you all a great 2013!
Kind regards, Mike Wood • CFP® Adv. PGDFP (Employee Benefits)
September / October 2012
Review by “Accountants Today”, Kuala Lumpur
The majority of Excel® users are self-taught. They often know some of Excel®’s advance features such as macros, lookup functions, array formulas, pivot tables, and data management, yet fail to understand how to use them in the context of performing business analysis. Some do not even realise they are already building their own financial models for managing risk, planning projects, preparing business proposals, or evaluating opportunities. In a new book by Danielle Stein Fairhurst, ‘Using Excel® for Business Analysis: A Guide to Financial Modelling Fundamentals’ is dedicated to the principles of best modelling practice to help themsave a lot of time, effort and anguish in the long run.
14th September 2012
Danielle, I would like to congratulate you on your recently published book – Using Excel for Business Analysis. I have found it to be an excellent reference guide on all facets of financial modelling. It is extremely well structured, very detailed and covers all the issues that I would expect to find in a book on this topic. It surpasses all other publications (daylight second and third) on this topic that I have been able to source on the internet over the last few months. With the knowledge that I have obtained from your book, I now feel empowered to pursue my long held career goal of becoming a financial modeller.
Anonymous, Information Technology Industry
“Danielle brilliantly manages the balance between business relevance and the necessary technical explanations expected from a book such as this. Her ability to walk in the shoes of the reader and deliver concise practical wisdom is unsurpassed. I highly recommend this book to anyone working with numbers, be it a Chief Financial Officer talking to the board or a business analyst starting their career. With Danielle’s advice you can transform your career from successful to exceptional.”
Garth Holloway, Director, SixFootFour Consulting
“Danielle’s expertise and experience shines through in a very readable book, introducing the key concepts and considerations inherent in financial modelling. From novice to advanced modeller alike, readers are presented with many useful tips, tools, techniques and pragmatic examples to refer to time and time again. Readily digestible, this book plugs a gaping academic hole that illustrates the risks and rewards of taking a spreadsheet by the throat and converting it into a robust, transparent and flexible decision-making device. It will help you to “Excel”.”
Liam Bastick, Managing Director, SumProduct and Excel MVP
“Excel is a powerful and underestimated tool in many business environments. Whilst there are countless books on the market that help explain the countless functions and features of the product, there are few if any that clearly articulate and teach the analyst how to unlock the power of Excel as an analysis and modelling tool for critical business decisions. Filled with step-by-step examples and based on many years of practical experience and education, Danielle Stein Fairhurst’s book Using Excel for Business Analysis, A Guide to Financial Modelling Fundamentalshas finally bridged that gap with a step-by-step approach to building models that address important real world business questions.”
Michael Morgan, Country Manager (Australia), Intergen Business Solutions
“It is always important to keep up with industry trends and practices. Danielle Stein Fairhurst’s book, Using Excel for Business Analysis, A Guide to Financial Modelling Fundamentals, presents and overview of current best practice financial modelling standards and practical examples for real world implementation. I would like to recommend this book to anyone who works in financial modelling – it will take your financial modelling skills to the next level. Danielle is a great writer, trainer and blogger.”
Rickard Wärnelid, Founder and Managing Director of Corality Financial Group
“If you’re after an introduction to using Excel for Financial Modelling, this is a good place to start. Danielle has even included shortcuts and explanations for the Mac version of Excel. For the beginner there are lots of good habits that you can learn. For the more experienced users there are explanations of how common bad habits can impact your models. Just following her recommendations and using her tips could save you hours of work and also the frustration of “learning the hard way”.”
Neale Blackwood, A4 Accounting
“Finally a financial modelling book that is easy to work through. The book starts with what financial modelling is and is not. The author then takes you through a number of logical steps, from how to design a model, the inputs, the workings and finally the outputs. I found the entire book very practical with all the techniques I would you in practice. If I did not have time to attend a training course on using excel for business analysis, I would find this book more than adequate to teach me the concepts, with enough practical examples. I highly recommended this book.”
Andre Lanser, Chartered Accountant