Financial Modelling

City Training UK
Course summary
Professional Training
3.5 hours
500 - 750 GBP excl. VAT
Full time
London, Online courses

Course description

Financial Modelling

This course from City Training in London has been designed to develop the participants’ understanding of Financial Modelling. Based on Excel case studies, the participants will use best practice modelling rules and Excel shortcuts, learning how to forecast and create a fully integrated financial model based on real historical financial statements. This training will give the basic modelling fundamentals to work on in-house models.

Key Topics in this course

  • Using Excel keyboard shortcuts
  • Using standards for best practise
  • Understanding circular references and iteration
  • Modelling a detailed three-statement financial model step-by-step
  • Modelling a detailed debt schedule include a cash sweep
  • Finding errors and integrity checking

About the trainer:

Robert has 20 years of experience in Accounting and Corporate Finance in London. He started his career in auditing at KPMG in London, where he focused on industrial and service clients. He then moved to the Corporate Finance department of KPMG in London where he completed successfully a variety of M&A transactions in the mid-market segment. Robert then set up his own Corporate Finance practice in London and has been training since 2010 on a regular basis Accounting, Financial Statement Analysis and Corporate Finance at leading institutions worldwide.

Robert has an MSc in Physics from Oxford and is a fully qualified Chartered Accountant.

Suitability - Who should attend?

This course is designed for participants who are:

  • Financial analysts in investment banks
  • Junior equity research
  • Junior investment managers
  • Finance functions at corporations
  • All other interested Finance professionals

Training Course Content

The content of this course is split into three sessions:

Session 1 Financial Modelling Fundamentals

Participants will learn how to model and integrate the income statement, balance sheet and cash flow of a real company using Excel. In addition to learning the steps necessary to build a three statement financial model, participants will also cover how to build models accurately and efficiently through a series of best practice modelling rules. Participants also learn how to stress-test the assumptions used, to check their work efficiently and to document it.

  • Using keyboard shortcuts
  • Setting Excel up for maximum efficiency
  • Working with key modelling formulas and structures
  • Building 3-statement projections
  • Modelling cash and revolver
  • Addressing standards for good models
  • Constructing the income statement, balance sheet and cash flow statement
  • Introduction to checking methodologies
  • Performing audit trails
  • Incorporating interest income and expense

Session 2 Three Statement Modelling

Through the process of building a more complex three statement model, participants are taught how to model operating cash and calculate interest using average debt and average cash balances. The session is designed to expose participants to different three statement modelling styles: multi-sheet, tower, and different income statement layouts. Exposure to a mix of modelling styles will help prepare them to work on in-house models or models they may inherit from other finance professionals.

  • Modelling operating cash, excess cash and the revolver
  • Calculating interest on cash and debt balances
  • Working with intentional circular references
  • Avoiding non-intentional circular references
  • Building models with different styles and layouts
  • Calculating ratios

Session 3 Financial Modelling & Forecasting

Participants will learn how to build a three statement model using a detailed revenue forecast with price and volume drivers. A full debt schedule, including a cash sweep, is incorporated into the model.  Common errors are covered from balancing a non-balancing balance sheet to debugging a model that is non-intentionally circular.

  • Complex 3 statement models
  • Modelling a detailed revenue forecast
  • Modelling a cash sweep
  • Modelling a detailed debt schedule include a cash sweep
  • Consolidating and re-applying knowledge of circularity, iteration, and a toggle switch
  • Building cash flow statements from scratch
  • Troubleshooting techniques for cash flow statements
  • Finding errors and integrity checking

Session 4 Integrity & Error Checking

Common errors are covered from balancing a non-balancing balance sheet to debugging a model that is non-intentionally circular.

  • Troubleshooting techniques for cash flow statements
  • Finding errors and integrity checking
  • Using Excel tools to help with integrity checking
  • Finding unidentified hard numbers quickly and easily
  • Using Excel’s “Jump tool” to trace through formulas with ease
  • Using Excel to show the formulas underlying output
  • Using Excel to find inconsistencies in the model
  • Using Excel’s auditing tool to trace formulas

Why choose City Training UK

100% specialised on Corporate Finance with more than 20 different topics

Hundreds of participants trained from heads of departments to recent graduates

10 specialised trainers at minimum VP-level in leading financial institutions

About provider

City Training UK

City Training is a highly-distinguished supplier of premium public courses, in-house training, and courses for universities and schools. The company focuses solely on financial training and covers the areas of financial accounting, corporate finance, valuation, credit analysis, regulatory capital, mergers and...

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Contact info

City Training UK

100 Pall Mall, Saint James
SW1Y 5NQ London

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Average rating 4.9

Based on 9 reviews.

City Training did a great job running a bespoke course for our fund to build up a full model. They were flexible to cater to our requirements and engaged all participants (of varying abilities) throughout. The instructor was knowledgeable and conveyed both modelling and finance concepts well.
John D, Financial Analyst, Barclays Capital
Excellent course, great trainer. Some sections a bit fast but was able to follow with the help of the trainer
Maria P, Analyst, Private Equity
Learnt a lot throughout the course. The modeling from scratch section was less relevant for me but solid course overall
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