- Paperback: 320 pages
- Publisher: Wiley; 1 edition (September 19, 2012)
- Language: English
- ISBN-10: 111813284X
- ISBN-13: 978-1118132845
- Product Dimensions: 7.2 x 0.7 x 10.1 inches
- Shipping Weight: 1.4 pounds
- Average Customer Review: 15 customer reviews
- Amazon Best Sellers Rank: #1,575,680 in Books (See Top 100 in Books)
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Using Excel for Business Analysis, + Website: A Guide to Financial Modelling Fundamentals 1st Edition
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From the Inside Flap
Financial modelling is an essential tool for managing risk, planning projects, preparing business proposals, evaluating opportunities, and much more. But despite its importance, many professionals struggle to understand exactly what "financial modelling" really is. Put simply, it's a complex type of spreadsheet, not much different from the ones you create in Excel all the time. In Using Excel for Business Analysis: A Guide to Financial Modelling Fundamentals + Website, financial modelling expert Danielle Stein Fairhurst explains exactly how to utilise Excel for modelling, walking you through the principles, best practices, and tools that you need to understand in order to use this widely available software for business analysis.
Comprehensive yet accessible, the book is designed for professionals of all backgrounds and levels of experience looking to become familiar with financial modelling, introducing and explaining how to structure a model, the anatomy of a good model, rebuilding an inherited model, and much more. Covering Excel-based financial modelling tools and explaining, in detail, how to use the program to perform model display and model review, stress-testing, and other important topics, Using Excel for Business Analysis describes key strategies for minimising errors and presents other techniques for ensuring accurate and robust models.
Packed with indispensable coverage of both the essential concepts behind financial modelling and the practicalities of performing complex analysis, the book presents information in a clear, concise, step-by-step manner that makes it easy to use. Exercises and case studies are included throughout the text to help you practice and test your comprehension.
Containing everything you need to know in order to master the tools, formulas, and functions that allow for successful modelling, Using Excel for Business Analysis also provides readers with access to a companion website containing additional resources for a more immersive experience, making it the only book you need to understand and work with financial models.
From the Back Cover
Praise for Using Excel for Business Analysis
"Danielle brilliantly manages the balance between business relevance and the necessary technical explanations expected from a book such as this. Her ability to walk in the shoes of the reader and deliver concise practical wisdom is unsurpassed. I highly recommend this book to anyone working with numbers, be it a Chief Financial Officer talking to the board or a Business Analyst starting their career. With Danielle's advice you can transform your career from successful to exceptional."
Garth Holloway, Managing Director, SixFootFour Consulting
"Danielle's expertise and experience shines through in a very readable book, introducing the key concepts and considerations inherent in financial modelling. From novice to advanced modeller alike, readers are presented with many useful tips, tools, techniques, and pragmatic examples to refer to time and time again. Readily digestible, this book plugs a gaping academic hole that illustrates the risks and rewards of taking a spreadsheet by the throat and converting it into a robust, transparent, and flexible decision-making device. It will help you to 'Excel '."
Liam Bastick, Managing Director, SumProduct, and Excel MVP
"Excel is a powerful and underestimated tool in many business environments. Whilst there are a number of books on the market that help explain the countless functions and features of the product, there are few if any that clearly articulate and teach the analyst how to unlock the power of Excel as an analysis and modelling tool for critical business decisions. Filled with easy to follow examples and based on many years of practical experience and education, Danielle Stein Fairhurst's book Using Excel for Business Analysis: A Guide to Financial Modelling Fundamentals has finally bridged that gap with a step-by-step approach to building models that address important real-world business questions."
Michael Morgan, Country Manager (Australia), Intergen Business Solutions
Top customer reviews
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The first red flag was the beginning where the author states the definition of a financial model is frequently misunderstood then proceeds to define it terribly as "a complex spreadsheet." LOL. How does that simplify or clearly define a financial model at all??? Immediately after they state: "Whilst (yes they frequently use the word whilst, Australian) it does need some definition, a financial model can be pretty much be whatever you need it to be." Omg. This demonstrates an extremely limited understanding of the books entire premise. Another issue I have is that the author frequently refers to Excel for Mac and translates every command into Excel for Mac 2011 terms. Not only does this demonstrate how dated this book is, but more importantly.. Who writes a book about a MS application on a Mac?? If anything, contain your excel for Mac talk on to an appendix. Don't cite two keyboard shortcuts for every command as most rational people will not use the very different and limited excel for Mac and the practice is not conducive to learning. It's bad enough to do the first but doing the second just demonstrates ignorance. If she spent more time learning and teaching the material instead of finding the keyboard shortcuts for her sub-par software version you may have learned something about excel instead of just stating the obvious and listing an obscure use for a command. There really isn't any teaching in this book. There is just shallow pontificating, self-promotion, and obvious information. You would get better descriptions using excels online help or just the screentips for crying out loud. There isn't any explanation or reasoning or real world examples, just a run through definition and obscure, unhelpful example. They say it is updated for excel 2013 but it really isn't, as I said earlier the author is like a parrot repeating every hot key in excel for Mac which is incredibly annoying and completely backwards to write a book about a Microsoft application on an apple operating system. So few real analysts would do that. I dare someone to count how many times excel for Mac 2011 is mentioned in this book, updated for 2013 my foot. In addition to using the word whilst and constantly talking about an obscure version of the software the author shamelessly self promotes by storing all the books online information on her consulting business website. Most ethical books would direct you towards the publishers page, which there is one, but I believe she went back and changed all the references to her consulting business page and added new references just to pound her url into your head.
Aside from my rant, the book has some value and you will learn a little bit about financial modeling and what all those little buttons in excel do if you can get past the intelligence insults of the first few chapters. I would not expect to find anything past what you would find in a bachelors level corporate finance class and amoderate excel class. Just because it contains 400 pages of crammed text doesn't mean it is anything special. A real academic should know that everything has a very clear and precise definition and that saying that a financial model is whatever you want it to be is ridiculous.