October 4, 2017
EduPristine has been running a fairly popular program (Trained ~1000 people in the last year) on Financial Modeling in Excel. Financial Modeling offers following benefits which can be quite useful for Finance Professionals:
Structured Thinking: Financial Models require you to think straight and convert your thought process into Excel Spreadsheets. So the first part that should be taught is structured thinking. This can be done through exercises on Market Size Estimation, Marketing Funnel, Deriving the right drivers for Revenue, Costs, etc. Once you start thinking in a structured manner, the models automatically start rolling out. When you create the models, they should have a logical flow.
Mastering Excel as a Tool: Since most of the time would be spent in implementing the model in Excel unless you are very comfortable with the tool, you would take too long navigating the tool rather than creating the model. Excel Shortcuts, knowing advanced functions, the referencing framework, etc. will play a big role in helping you quickly implement your thoughts in Excel.
Correct Formatting: Other people would read your model and come to some decisions. If your model is not legible (fonts, results, spreadsheet, navigability, etc.), the model is not going to be useful. You will get to learn all kind of formatting in Excel.
Analysis: As a finance professional your job is to analyze data and come to conclusions. Each step of analysis and its implementation (Ratios, Valuation, etc.) should be taught to Finance Professionals. Financial Modeling will make you the pro at analytics.
Dashboard Building: Final results need to be presented. Most of the times, even good models are rendered useless unless they have a good dashboard to highlight the results to the end user. Become adept in dash-board building.
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