#### Overview of this book

Financial modeling is a core skill required by anyone who wants to build a career in finance. Hands-On Financial Modeling with Microsoft Excel 2019 explores terminologies of financial modeling with the help of Excel. This book will provides you with an overview of the steps you should follow to build an integrated financial model. You will explore the design principles, functions, and techniques of building models in a practical manner. Starting with the key concepts of Excel, such as formulas and functions, you will learn about referencing frameworks and other advanced components for building financial models. Later chapters will help you understand your financial projects, build assumptions, and analyze historical data to develop data-driven models and functional growth drivers. The book takes an intuitive approach to model testing and covers best practices and practical use cases. By the end of this book, you will have examined the data from various use cases, and have the skills you need to build financial models to extract the information required to make informed business decisions.
Preface
Free Chapter
Section 1: Financial Modeling - Overview
Introduction to Financial Modeling and Excel
Steps for Building a Financial Model
Section 2: The Use of Excel - Features and Functions for Financial Modeling
Formulas and Functions - Completing Modeling Tasks with a Single Formula
Applying the Referencing Framework in Excel
Section 3: Building an Integrated Financial Model
Understanding Project and Building Assumptions
Asset and Debt Schedules
Cash Flow Statement
Valuation
Model Testing for Reasonableness and Accuracy
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# Pivot tables and charts

Pivot tables are one of the most powerful tools in Excel. A pivot table can summarize little or large amounts of data into a compact form, which reveals trends and relationships that were not apparent from looking at the original data.

The pivot table allows you to introduce conditions based on the original data so that you can view the summarized data from different perspectives. It does all of this without you having to type any formulas. Most users are under the impression that pivot table reports are complex and difficult to prepare; but in reality, the complexity is behind the scenes and taken care of by Excel. All you have to do is follow a few simple guidelines and you will be able to produce complex pivot tables with ease.

The first step is to ensure that your data is in the proper Excel table format, bearing in mind that you may have to work with...