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[size=120%]Building Financial Models (McGraw-Hill Finance & Investing)
By John Tjia
- Publisher: McGraw-Hill
- Number Of Pages: 464
- Publication Date: 2009-05-27
- ISBN-10 / ASIN: 0071608893
- ISBN-13 / EAN: 9780071608893
Product Description:
The ability to effectively create and interpret financial models is one of the most valued skills in corporate finance--from Wall Street to Main Street. Now, the acclaimed guide to designing, building, and implementing valuation projection models is fully revised and expanded to keep finance and accounting professionals competitive in today's marketplace.
This second edition of Building Financial Models continues the tradition of its predecessor by providing a hands-on approach to creating a core model that is supported by broad coverage of cornerstone accounting and finance principles. Additionally, this updated volume features:
- Entirely new coverage of discounted cash flow (DCF) modeling
- Excel formulas for making powerful calculations within the spreadsheet
- In-depth explanations of both the principles and mechanics of projection models
Furthermore, this Second Edition provides the vocabulary and syntax of model building so you can tailor core models to fit any size company and allow for quick input changes to test sensitivity. The companion website www.buildingfinancialmodel.com offering example spreadsheets will give you a head start on developing your own models.
A flexible and successful financial projection model does more than just add numbers--it explains the complex relationships between those numbers and illuminates ways to use those associations to add value to an enterprise. Building Financial Models is the only book you need to create and implement a fluid financial projection model that is both state of the art and user friendly.
Summary: Must Have Book
Rating: 5
The second edition is an outstanding primer on building models. The book is both for college students and senior finance professionals with or without excel experience. The book does a great job of explaining excel functions and how to use excel. The book guides you through building a model which can balance through both the balance sheet and or the statement of cash flow, which is fantastic and no other modeling book does. The photo shots of the excell sheets and the formulas used is a huge help in seeing the big picture. The author does a superb job of explaining the cash and debt sweep scenarios ( a most complicated excel topic) and lays it out in a manner that is easy to understand. This is a must have book for every person that is learning to build models.
Summary: Building financial models - McGraw Hill
Rating: 4
The Amzon service is good and fast delivery I expected.
The material is practical but lack of template with CD for follow-to-learn. Quite inconvient
Summary: Not impressed
Rating: 3
This book is full of typos in the spreadsheet examples. Just keep it in mind when you begin using it. Other than that, the models themselves are ok, but the structures are sometimes redundant and unnecessarily crowded.
Summary: The Real Deal
Rating: 5
This book demystifies the black box of financial forecasting. With over twenty fives on Wall Street, and now in a position to teach my son the tricks of the trade, this work is an invaluable tool. No gimmicks. What you see is what you get. Lots of experience behind this text. Step by step instructions, which is the only way to learn -- especially for the generation that still reads the instruction manual !
Next book should be about modeling typical Wall Street transactions, like public to private transactions, or sponsor to sponsor LBOs.
Summary: Flawed.
Rating: 2
I held very high hopes for this book and was, unfortunately, disappointed. The key limitation that I found was that it relies on so-called plugs to balance the balance sheet in its financial model. I subsequently have spoken to a number of people who work in the world of finance and they all told me this approach is amateurish and highly limited. A half-hour one-on-one tutorial with a former business analyst showed me a far better approach. That tutorial was what I was hoping to get out of this book. By all means read it as an introduction to the area - some aspects are quite good. But you won't walk away with the skills you might be looking for. I didn't.
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