Building Financial Models With Microsoft Excel, w. CD-ROM

A financial model is a quantitative representation of a company's past, present, and future business operations. Companies of all types and sizes use financial models every day to analyze and plan their business activities. Financial models serve as the foundation and basis of standard financial accounting reports, including the balance sheet, the income statement, and the statement of cash flows.While many business professionals are familiar with the "output" of financial models, namely consolidated financial statements, few are truly adept at building an accurate and effective financial model from the ground up. Building Financial Models with Microsoft Excel addresses this real, immediate, and significant issue like no other book. Written in a straightforward and accessible manner, it is a comprehensive resource for business professionals with a beginner or intermediate level of experience in both Microsoft Excel and finance or accounting.Building a financial model is a logical,step-by-step process, where each component builds upon or feeds into another component. Building Financial Models with Microsoft Excel-organized to closely follow this process-is divided into three major parts and includes a companion CD-ROM, which contains sample Excel worksheets that allow you to follow the examples illustrated within the book or build your own financial models according to your specific situation.Part One of Building Financial Models with Microsoft Excel introducesthe concepts of budgets and financial models, and covers the steps involved in building the master budget -as well as its two key elements, the operating budget and financial budget. You'll learn the fundamentals of the budgeting process and how various components of a master budget relate to one another. The master budget template provided in this part of the book serves as a road map for building each individual component of the financial model.Part Two of this book deals with a company's consolidated