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E-raamat: Using Excel for Business Analysis: A Guide to Financial Modelling Fundamentals

  • Formaat: PDF+DRM
  • Ilmumisaeg: 17-Mar-2015
  • Kirjastus: John Wiley & Sons Inc
  • Keel: eng
  • ISBN-13: 9781119062455
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  • Formaat: PDF+DRM
  • Ilmumisaeg: 17-Mar-2015
  • Kirjastus: John Wiley & Sons Inc
  • Keel: eng
  • ISBN-13: 9781119062455
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Utilize Excel 2013 capabilities to build effective financial models

Using Excel for Business Analysis, Revised Edition provides practical guidance for anyone looking to build financial models. Whether for business proposals, opportunity evaluation, financial reports, or any other business finance application, this book shows you how to design, create, and test your model, then present your results effectively using Excel 2013. The book opens with a general guide to financial modeling, with each subsequent chapter building skill upon skill until you have a real, working model of your own. Financial tools, features, and functions are covered in detail from a practical perspective, and put in context with application to real-world examples. Each chapter focuses on a different aspect of Excel modeling, including step-by-step instructions that walk you through each feature, and the companion website provides live model worksheets that give you the real hands-on practice you need to start doing your job faster, more efficiently, and with fewer errors.

Financial modeling is an invaluable business tool, and Excel 2013 is capable of supporting the most common and useful models most businesses need. This book shows you how to dig deeper into Excel's functionality to craft effective financial models and provide important information that informs good decision-making.

  • Learn financial modeling techniques and best practices
  • Master the formulas and functions that bring your model to life
  • Apply stress testing and sensitivity analysis with advanced conditionals
  • Present your results effectively, whether graphically, orally, or written

A deceptively powerful application, Excel supports many hundreds of tools, features, and functions;Using Excel for Business Analysis eliminates the irrelevant to focus on those that are most useful to business finance users, with detailed guidance toward utilization and best practices.

Preface ix
Chapter 1 What Is Financial Modelling?
1(30)
What's the Difference between a Spreadsheet and a Financial Model?
4(1)
Types and Purposes of Financial Models
5(1)
Tool Selection
6(11)
What Skills Do You Need to Be a Good Financial Modeller?
17(7)
The Ideal Financial Modeller
24(4)
Summary
28(3)
Chapter 2 Building a Model
31(24)
Model Design
31(2)
The Golden Rules for Model Design
33(2)
Design Issues
35(1)
The Workbook Anatomy of a Model
36(2)
Project Planning Your Model
38(3)
Model Layout Flow Charting
41(1)
Steps to Building a Model
41(9)
Information Requests
50(1)
Version-Control Documentation
51(2)
Summary
53(2)
Chapter 3 Best Practice Principles of Modelling
55(18)
Document Your Assumptions
55(1)
Linking, Not Hard Coding
56(1)
Enter Data Only Once
57(1)
Avoid Bad Habits
57(1)
Use Consistent Formulas
57(1)
Format and Label Clearly
58(1)
Methods and Tools of Assumptions Documentation
59(8)
Linked Dynamic Text Assumptions Documentation
67(3)
What Makes a Good Model?
70(2)
Summary
72(1)
Chapter 4 Financial Modelling Techniques
73(24)
The Problem with Excel
73(2)
Error Avoidance Strategies
75(6)
How Long Should a Formula Be?
81(2)
Linking to External Files
83(3)
Building Error Checks
86(10)
Summary
96(1)
Chapter 5 Using Excel in Financial Modelling
97(30)
Formulas and Functions in Excel
97(4)
Excel Versions
101(2)
Handy Excel Shortcuts
103(6)
Basic Excel Functions
109(3)
Logical Functions
112(3)
Nesting: Combining Simple Functions to Create Complex Formulas
115(4)
Cell Referencing Best Practices
119(3)
Named Ranges
122(4)
Summary
126(1)
Chapter 6 Functions for Financial Modelling
127(60)
Aggregation Functions
127(13)
LOOKUP Formulas
140(13)
Nesting INDEX and MATCH
153(4)
OFFSET Function
157(4)
Regression Analysis
161(3)
CHOOSE Function
164(2)
Working with Dates
166(8)
Financial Project Evaluation Functions
174(6)
Loan Calculations
180(6)
Summary
186(1)
Chapter 7 Tools for Model Display
187(46)
Basic Formatting
187(1)
Custom Formatting
187(6)
Conditional Formatting
193(7)
Sparklines
200(4)
Bulletproofing Your Model
204(4)
Customising the Display Settings
208(8)
Form Controls
216(16)
Summary
232(1)
Chapter 8 Tools for Financial Modelling
233(40)
Hiding Sections of a Model
233(5)
Grouping
238(2)
Array Formulas
240(7)
Goal Seeking
247(2)
Structured Reference Tables
249(2)
PivotTables
251(11)
Macros
262(10)
Summary
272(1)
Chapter 9 Common Uses of Tools in Financial Modelling
273(42)
Escalation Methods for Modelling
273(5)
Understanding Nominal and Effective (Real) Rates
278(5)
Calculating Cumulative Totals
283(1)
How to Calculate a Payback Period
284(4)
Weighted Average Cost of Capital (WACC)
288(5)
Building a Tiering Table
293(3)
Modelling Depreciation Methods
296(11)
Break-Even Analysis
307(6)
Summary
313(2)
Chapter 10 Model Review
315(22)
Rebuilding an Inherited Model
315(8)
Improving Model Performance
323(5)
Auditing a Financial Model
328(7)
Summary
335(1)
Appendix 10.1: QA Log
336(1)
Chapter 11 Stress-Testing, Scenarios, and Sensitivity Analysis in Financial Modelling
337(30)
What Are the Differences between Scenario, Sensitivity, and What-If Analyses?
338(2)
Overview of Scenario Analysis Tools and Methods
340(9)
Advanced Conditional Formatting
349(4)
Comparing Scenario Methods
353(12)
Summary
365(2)
Chapter 12 Presenting Model Output
367(54)
Preparing an Oral Presentation for Model Results
367(2)
Preparing a Graphic or Written Presentation for Model Results
369(3)
Chart Types
372(8)
Working with Charts
380(6)
Handy Charting Hints
386(2)
Dynamic Named Ranges
388(6)
Charting with Two Different Axes and Chart Types
394(6)
Bubble Charts
400(2)
Creating a Dynamic Chart
402(5)
Waterfall Charts
407(13)
Summary
420(1)
About the Author 421(2)
About the Website 423(2)
Index 425
DANIELLE STEIN FAIRHURST is the Principal of Plum Solutions, a Sydney-based consultancy specialising in financial modelling and analysis. Her extensive experience as a financial analyst enables her to help her clients create meaningful financial models. She is regularly engaged as a speaker, course facilitator, financial modelling consultant, and analyst. Using Excel for Business Analysis: A Guide to Financial Modelling Fundamentals, Edition Revised for Excel 2013 provides additional resources, explanations, information pertinent to users of older Excel versions, and more on the companion website at www.wiley.com/go/steinfairhurstrevised.