Financial Modeling Education

Financial Modeling Courses for Investment Banking, Private Equity, and FP&A.

Founder

Mission Capital Consulting

Leesa Sleep

Board Member

TitleCard Capital Group, LLC

Vice President

Lariat Partners, LP

Associate

Hilton

Senior Analyst

FTI Consulting

Consultant

👇50% off all Financial Modeling Courses this week only.

Ever found yourself facing a last-minute request to build a financial model, feeling so overwhelmed you literally couldn’t think straight?  Then read this 👇

I've been there.  I remember EXACTLY how it feels, and it 𝘴𝘶𝘤𝘬𝘴.

After being up until 2am the previous night, I had my head in my hands at a Colorado Rockies’ game, so insanely overwhelmed because I felt unprepared building a financial model.

Today, I can build in 2 𝘩𝘰𝘶𝘳𝘴 what used to take me 𝘸𝘦𝘦𝘬𝘴, and it’s definitely 𝘯𝘰𝘵 because I’m smarter, it’s because... 𝗜 𝗞𝗻𝗼𝘄 𝗪𝗵𝗮𝘁 𝘁𝗼 𝗗𝗼.

What most people don’t realize is that Financial Modeling can be broken down in systematic steps you can repeat every time, so you’re not always recreating the wheel from scratch.

So that’s why I created the 𝗨𝗹𝘁𝗶𝗺𝗮𝘁𝗲 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗠𝗼𝗱𝗲𝗹𝗶𝗻𝗴 𝗠𝗮𝘀𝘁𝗲𝗿𝘆 𝗣𝗿𝗼𝗴𝗿𝗮𝗺: teach everything I 𝘸𝘪𝘴𝘩 I knew back then—𝙖 𝙥𝙡𝙖𝙮𝙗𝙤𝙤𝙠—to hopefully save just one Analyst from spending all weekend at the office.

Fast forward, here’s what things look like today:

🏆 Trusted by over 43,000 students with 4.9/5.0 Star average rating

🏆 Over 100,000 followers on LinkedIn & other social media platforms

🏆 Recognized by Business Insider and Financial Modeling World Cup

🏆 Featured by Wharton Online, Wall Street Prep, & LinkedIn Learning

In just 8 hours, you'll learn to build the 𝘦𝘹𝘢𝘤𝘵 Financial Models I use with real Investment Banks, FP&A Teams, and Private Equity Firms—models you can use immediately—no fluff or insufferable corporate jargon.

Enroll today, and make sure you never spend another night, weekend (or vacation) burned out at the office 👉 https://www.financialmodelingeducation.com/

"Training is fantastic..."
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"Best money ever spent..."
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"Absolute game changer..."
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"Best course I've taken online..."
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"Most comprehensive course I've taken..."
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"I have taken several modeling courses, this one is the best..."
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Check it out here 👉 https://www.financialmodelingeducation.com/

Chris Reilly

Learn the statement of cash flows with this simple AF one-pager 👇


✓ 𝙍𝙚𝙦𝙪𝙚𝙨𝙩 𝙇𝙞𝙨𝙩

First things first, you'll need some data.

Ask for the Income Statement and the Balance Sheet.


✓ 𝙎𝙩𝙚𝙥𝙨 — 𝙄𝙣𝙘𝙤𝙢𝙚 𝙎𝙩𝙖𝙩𝙚𝙢𝙚𝙣𝙩

1. Pull the Net Income from the Income Statement

2. Pull the Depreciation from the Income Statement

(or use the change in Accumulated Depreciation from the Balance Sheet if available)


✓ 𝙎𝙩𝙚𝙥𝙨 — 𝘽𝙖𝙡𝙖𝙣𝙘𝙚 𝙎𝙝𝙚𝙚𝙩

You're calculating the 𝘤𝘩𝘢𝘯𝘨𝘦𝘴 between two periods.

For Assets: Previous Period - Current Period

For Liabilities & Equity: Current Period - Previous Period

(note, if Fixed Assets are shown on a "net basis," you'll need to subtract Depreciation from your calculation as well)

~~~
📥 btw, here's a balance sheet guide 👉 https://lnkd.in/ew4nwaVx 
~~~


✓ 𝙀𝙣𝙙 𝙍𝙚𝙨𝙪𝙡𝙩

If done correctly, the ending cash should match what you see on the Balance Sheet.

Once it does, you can be confident your model is structurally sound.

And now you can carry those formulas forward to reflect your forecast.


💡𝙋𝙧𝙤 𝙏𝙞𝙥

Once your Statement of Cash Flows is built correctly, you leave it alone.

~~~𝗙𝗢𝗥𝗘𝗩𝗘𝗥~~~

Your modeling should only be done in the Income Statement and Balance Sheet.

The Statement of Cash Flows is nothing more than a formulaic bridge between the other two statements.


✓ 𝙎𝙠𝙞𝙢𝙢𝙖𝙗𝙡𝙚 𝙑𝙚𝙧𝙨𝙞𝙤𝙣

   • Get Income Statement & Balance Sheet
   • Calculate Changes b/t Balance Sheet
   • Works correctly when Ending Cash matches the Balance Sheet


~~~

Hey! I'm Chris Reilly, and I teach financial modeling.

I can help you master Three Statement Modeling in a few hours.

↪ https://bit.ly/FMECourses

I can help you master Three Statement Modeling & 13 Week Cash Flow Forecasting in 8 hours.

Check out this video...

How you can use SUMPRODUCT to spot errors in your model 👇

~~~
📥 𝘱.𝘴. 𝘩𝘦𝘳𝘦'𝘴 𝘵𝘩𝘦 𝘥𝘢𝘴𝘩𝘣𝘰𝘢𝘳𝘥 𝘧𝘳𝘰𝘮 𝘵𝘩𝘦 𝘷𝘪𝘥𝘦𝘰 👉 https://lnkd.in/efdpVuxX 
~~~

𝗧𝗵𝗲 𝗳𝗼𝗿𝗺𝘂𝗹𝗮

Here's the formula: =SUMPRODUCT(--iserror([range]))

Note: In the video I incorrectly say "double negative 🙃," but Matthew Herbert of BizTrix pointed out that:

"The double minus is an operator, not negation. The double minus is the unary operator and it explicitly converts logical values into numbers (true converts to 1 and false converts to 0). ISERROR returns a logical value. This is why SUM(ISERROR(range)) or SUMPRODUCT(ISERROR(range)) returns 0 but placing the unary operator in front of ISERROR returns >0 when there is an error."

I have no idea what that means, but sounds good to me.

(Even as an experienced user and instructor there's always something new to learn!)


𝗨𝘀𝗲 𝗰𝗮𝘀𝗲

I will often put this SUMPRODUCT formula in the upper-left corner of a given sheet, and use it as a quick check/scan to see if any errors pop up.

Maybe something helpful you can add to your model 🙂.



~~~

👋 Hey, I'm Chris Reilly -- I teach financial modeling the way I 𝘸𝘪𝘴𝘩 someone taught me.

🎓 I can help you master Three Statement Modeling and 13 Week Cash Flow Forecasting in only 8 hours -- and you'll complete your first working model in just 45 minutes.

↪ https://bit.ly/FMECourses

Hey so that model you just emailed your boss...

...did you check it for errors?


For real though, how closely?

(slamming F2 saying "looks good looks good looks good" isn't a strategy)

I hate to break it to you, but 90% of all spreadsheets contain errors.

(𝘎𝘰𝘰𝘨𝘭𝘦 𝘪𝘵)

That's an A- in being wrong.

Not great.

The truth is, Excel's amazing flexibility also exposes our 𝘩𝘶𝘮𝘢𝘯 limitations —

We make mistakes.

All of us.

———

If there is software out there that can be:

▪️ a grocery list, and;

▪️ a time keeper, and;

▪️ billion-dollar LBO, then;

𝘴𝘶𝘳𝘦𝘭𝘺 the human mind can find a way to make a mistake.

(I've done it plenty of times)

———

That's why the first thing I do with every file is build "error checks."

It's a separate tab.

I call it "QC" for "Quality Control."

Others call it "QA" ("Quality Assurance").

Others call it "Errors" or "Validations."

Doesn't matter what you call it, 𝘺𝘰𝘶 𝘫𝘶𝘴𝘵 𝘸𝘢𝘯𝘵 𝘵𝘰 𝘩𝘢𝘷𝘦 𝘪𝘵.

———

You link all your possible errors to this one place.

▪️ Does my Balance Sheet balance?

▪️ Does my Statement of Cash Flows match the Balance Sheet?

▪️ Are my Covenants in compliance?

▪️ Does my Cash go negative?

Then at the top, you put a "𝗠𝗔𝗦𝗧𝗘𝗥 𝗖𝗛𝗘𝗖𝗞 𝗖𝗘𝗟𝗟."

The Master Check Cell references all the 𝘰𝘵𝘩𝘦𝘳 errors below.

And ~𝗣𝗿𝗼 𝗧𝗶𝗽~ you link this Master Check Cell to cell A1 of 𝘦𝘷𝘦𝘳𝘺 𝘰𝘵𝘩𝘦𝘳 𝘵𝘢𝘣 in your workbook.

That way, when something goes wrong (and it will),

you are 𝘪𝘮𝘮𝘦𝘥𝘪𝘢𝘵𝘦𝘭𝘺 notified (in cell A1), and you can investigate.

𝗤𝘂𝗶𝗰𝗸 𝘁𝗶𝗽:

▪️ press "ctrl + [ " on cell A1

▪️ it will bring you to your "QC" tab

———

I've got an example in the image below.

You can see my list of possible errors,

and my "Master Check Cell" at the top.

For complicated files I will have hundreds of these.

It is the first and last tab I 𝘢𝘭𝘸𝘢𝘺𝘴 check before hitting "send" in my email.


𝙉𝙚𝙭𝙩 𝙎𝙩𝙚𝙥𝙨 ⤵️

📥 Stay organized with this modeling checklist 👉 https://lnkd.in/eVTU67fY 

✅ Master this error-checking technique with step-by-step videos 👉 https://bit.ly/FMECourses

Leapley Construction Group

Key member of the leadership team (currently sharing 50% of CFO duties), responsible for the overall accounting and finance operations, management and strategy. Successfully streamlined financial processes and reporting to shorten reporting timeframe for relevant insights. Lead a team of 9 with 2 direct reports. Directly responsible for treasury, annual review, GAAP compliance, financial reporting, forecasting, budgeting, investments, benefits, payroll and insurance as well as leadership communications and planning.

Controller

Finance Alliance

The Finance Alliance exists to empower financial managers with the networking knowledge-sharing, and collaboration opportunities required to excel in their role - without feeling siloed.

Member

HighMatch (formerly Berke)

Successfully restructured the accounting and finance function and team. Modernized processes to enhance internal controls and efficiencies, implemented additional technologies for automation, while enhancing the use of current technologies to streamline operations. Partnered across departments to deliver analytical insights and align financial goals to company strategy. Developed a robust financial reporting process and package and implemented SaaS metric tracking. Collaborated with fellow leaders on company growth strategy and created forecasting model to guide leadership on financial impact of operating strategies and investments. Sole owner of the company budget and cash management function. Additional responsibilities include oversight of the HR function, payroll administration and employee benefit management. Liaison with tax accounting and R&D credit firms. Provide review and approval of contractor and vendor agreements.

VP of Finance

Green CPA Services

Established Green CPA Services to support clients with their accounting and finance needs to enable them to focus on growing their businesses and making well-informed financial decisions. Provided services to 10 companies across the industries of software technology, data analytics, marketing and growth consulting, retail, service, event productions, equipment rentals and non-profits. Responsible for managing and coordinating transactional accounting activities, accounts receivables, payables, accruals, inventory and fixed assets. In addition, led month-end close processes, prepared monthly financials and KPIs, administered payroll and HR functions, analyzed and interpreted accounting data and assisted with developing business strategies. Worked in close collaboration with senior managers and officers for financial planning, budgeting and cash flow forecasting whilst also creating proformas on investments and preparing tax returns including payroll and sales tax returns and annual s-corp and partnership tax returns including schedule K and K1s.

Fractional Accounting & Finance | Owner

3D Girls, Inc. 

Treasurer Board Of Directors

PEARCE, BEVILL, LEESBURG, MOORE, P.C.

As Audit Manager, performed audits, reviews and compilations for non-public companies and not-for-profit organizations, drafted full audit report packages (consolidated financial statements and footnotes) and performed Sarbanes Oxley and M&A due diligence testing for Birmingham based public companies. Industries served include manufacturing, construction, distribution, service, retail, healthcare, franchise, real estate and non-profit sectors. Client size ranged from small non-profits up to large multinational companies with revenues at $2 billion. Large clients: McWane, Inc., Ligon Industries, Energen Corporation, Alabama Gas Company (sold to Missouri Gas & Light), America's Thrift Stores, American Pharmacy Cooperative, Inc., American Family Care, Inc.

Audit Manager

Bariatrics of Alabama

Accountant

McGriff, Seibels & Williams

Energy & Marine Claims Assistant

Certified Public Accountant, Controller and VP of Finance with 19-years of experience. Possesses demonstrable success in analyzing financial data and creating comprehensive reports and financial models that drive strategy and support organizational decision making. Instrumental in re-engineering accounting and financial processes which create efficiencies and improve KPIs, implementing and advising on complex legislation changes and driving key financial transformation. A trusted accounting and finance professional with a consistent track record in automating accounting processes, developing tax strategies and advising on compliance and best practices. In addition, passionate about developing, teaching and training accounting and finance teams to drive performance and culture. Areas of expertise include:

Public Accounting | Audit Management | Controlling | Forecasting| Strategy | FP&A | Procedure Development | Internal Controls Improvement | Financial Education and Training | Technical Accounting | Compliance | M&A Due Diligence | GAAP Accounting | Sarbanes Oxley | Stakeholder Management | Financial Reporting | Presentation | Payroll and Benefits

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