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- Top 5 Reasons to Choose Financial Modelling with Excel
Top 5 Reasons to Choose Financial Modelling with Excel
Updated on Mar 09, 2017 | 3 min read | 8.2k views
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Excel as a tool is recognised as a solution for simple and complex data analysis across industries. Financial Modelling with excel is an excellent opportunity to grow skills and learn how to model the organisation with all the existing and historical data. This analysis supports learning goals and gives insight on factors to consider and improve existing models within the organisation.
Top 5 Reasons to Choose Financial Modelling with Excel
Competencies
Some competencies that such courses offer include but are not limited to capital budgeting analysis, present value analysis, net present value analysis and internal rate of return analysis. Another important concept and piece of learning as part of these courses is related to Weighted Average Cost of Capital. The training also provides good exposure to how excel can be used for financial modelling and analysis using frequently used excel formulas and typical excel techniques for more frequently used tasks for a financial professional. Other essential skill sets that are an indirect result of such courses are an understanding of how to manage vast data, methodologies to structure data so that they assist in analysis, and as mentioned earlier, model financial concepts that are more in use than others.
Specialisation
Being a financial modelling specialist, makes an employee much more valuable than someone who has very basic skills in handling models. Individuals who develop modelling tools that successfully help organisations with projections and decisions are considered reliable and are rather revered for such tools. These tools not only assist the team with making critical decisions but they are also recognized among related financial institutions such as banks, private equity firms and hedge funds.
Decision Support
Trend analysis plays a very critical role in business decisions. Getting trained via a financial modelling course also serves as a good support for making such financial decisions. Additionally, it helps in serving as a guideline for future projects and decisions that may be required on the basis of historical data. The training covers the basics and foundations of decision making around working capital, budgeting and IRR decisions. A conceptual and working analysis of these models also assists in strategic decisions such as investment risks, effects of depreciation and merger and acquisition projections.
Opportunities
Professionals with skill sets to independently create such value-adding tools for the organisation are always relevant in the market. Financial Modelling Training can also assist in preparation of basic models that are used across industries. Use of such tools helps in being efficient at work and also makes the candidate keen to explore opportunities relevant to new vacancies.
Professional Growth
These courses are relevant for professional growth for financial professionals. This training not only adds to an individual’s professional growth, it also assists the individual in better performance. These tools offer great insight as they can be developed from scratch and can be quite empowering, opening scope for more learning. Financial Modelling Training can be a route to try something more challenging and eventually work in competitively more challenging areas of financial professions.
Overall, choosing to learn Financial Modelling through excel can be rewarding on several levels. The work is challenging but helps in enhancing skill sets too. The course enables learning tools ranging from simple and commonly used formulas in excel to complex model creation that reflects businesses now and in the future. Additionally, these models are recognized across all industries and financial professionals use them to make tactical and strategic decisions. This specialization increases scope for opportunities and makes individuals relevant in the market based on their work with these tools.
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