In our previous article What is Financial Modelling we discuss what exactly is entailed in financial modelling and what these models are used for. There is a vast amount of information to be gleaned from a professional financial model and the discipline itself is an intricate yet very informative one. If used correctly financial models can have a huge impact on decision making in businesses and allow for business owners to make strategic, beneficial decisions.
Where can I learn more about financial modelling?
There are a few courses on financial modelling available, both online and offline, however it’s important to sign up with a reputable course that has years of experience as well as proven outcomes. Make sure that you do your research well and find an educator that will offer a valuable and accredited course.
What do I need in order to learn more about financial modelling?
Firstly it is important that you have an interest in the subject of financial modelling. Without an interest it will be very difficult and tedious to learn the subject matter. It is also beneficial to have skills in the following areas if you are interested in learning more about financial modelling:
- Financial Skills; you will need an in-depth knowledge of corporate accounting and finance, financial analysis as well as valuation techniques.
- Microsoft Excel; you will need a solid understanding of Excel and be able to perform in key areas such as Excel interface and tools, frequently used formulas, techniques to complete typical tasks and how to handle and import data using Excel.
- Financial Modelling skills; the most important skill a financial modeller needs is the ability to simplify complex problems without losing their core. Financial modellers need to have the ability to acquire and organise data to use for their financial models, the ability to structure models so that they are user friendly and transparent, and the ability to model typical financial concepts.
There are a variety of benefits to financial modelling and many businesses are in dire need of these expertise, if you are interested in learning more it is definitely worth your while and the right course will provide you with years of valuable expertise to assist businesses in making decisions.
Financial modelling is highly specialised and to be able to build a financial model takes experience and expertise.
Established in 1998 Goalfix Financial Modellers has grown into a highly specialized firm of financial modellers and model trainers. To learn more about financial modelling services or financial modelling courses offered contact Goalfix today.
