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Building Financial Models

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Building Financial Models

(17 customer reviews)

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ACOUK_book_usedverygood_0071402101

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Financial modeling is essential for determining a company's current value and projecting its future performance, yet few books explain how to build models for accurately interpreting financial statements. Building Financial Models is the first book to correct this oversight, unveiling a step-by-step process for creating a core model and then customizing it for companies in virtually any industry. Covering every aspect of building a financial model, it provides a broad understanding of the actual mechanics of models, as well as their foundational accounting and finance concepts.

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Product Details

Author:	John Tjia
Hardcover:	304 pages
Publisher:	McGraw-Hill
Publication Date:	December 29, 2003
Language:	English
ISBN:	0071402101
Package Length:	9.1 inches
Package Width:	6.2 inches
Package Height:	1.0 inches
Package Weight:	1.45 pounds
Average Customer Rating:	based on 17 reviews

Customer Reviews

Average Customer Review: 4.0

( 17 customer reviews )
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Most Helpful Customer Reviews

26 of 27 found the following review helpful:

Great financial modeling book Nov 05, 2006 By John Busch
Fantastic financial modeling book! This should be the text (or at least supplemental) for any serious corporate finance or financial modeling class. I wish it would've been metioned in my MBA classes.

The book covers basics of Excel and accounting so you don't need to be an expert on either subject.

The *best* part are the highly-detailed, step-by-step, in-depth models that show the reader how to:

(1) Link the balance sheet, income statement, and statement of cash flows

(2) Repay debt via cash sweep

(3) Make a dynamic model financial model that can be applied to many situations

I have several financial modeling books, a couple of them are very good. This book is peerless as it walks the reader through the modeling process, from beginning to end.

I highly recommend it.

JB

25 of 28 found the following review helpful:

Great for Beginners!!! Nov 06, 2005 By Wai Sing Lee "Dead men assume..."
I approached this book as a raw beginner to the world of financial modeling. I know my B/S, I/S, and CF statements but I really didn't have a clue as to how to put them all together in a model.

I first looked at Benninga's book because it has been recommended by friends and on Amazon. I picked up the first printing of the second edition and I could not get the model to work properly. Another poster mentioned John Tjia's book so I decided to check that out.

Building Financial Models does what its title says it does. The author starts from the very beginning with the tools and functions that you will need in Excel and even delves into the rudiments of accounting. If you're not an absolute neophyte to accounting or Excel you may get that "let's get on with it" feeling as you're reading through but you may be held back by the doubt that you may miss something important if you skip ahead to the model.

And, yes, the model DOES work! Even for Mac users of Excel v.X,. It worked despite my typos and despite the author's numerous typos and sometimes slightly vague instructions. (Make sure to go to the author's website to download his errata sheet because you will need it.) It really is a thing of beauty to see the model go through its iterations as you change the inputs.

Overall, I am very happy with the book. It's an excellent primer to the nitty gritty details and process of building a financial model. It does not go much beyond that, though, so I will be exploring other books for more experience and may even tackle Benninga once again.

13 of 15 found the following review helpful:

Clear, concise, and practical Sep 18, 2004 By A reader
This book is elegant in its straightforward but sophisticated explanation of accounting concepts and how to implement them in a spreadsheet to make financial statement projections. The author was a banker for many years, and you won't find a clearer explanation of how to model debt repayments (cash sweep). Equity analysts can easily add features relevant to them. Highly recommended.

3 of 3 found the following review helpful:

Not impressed Feb 23, 2009 By summit
This book is full of typos in the spreadsheet examples. Just keep it in mind when you begin using it. Other than that, the models themselves are ok, but the structures are sometimes redundant and unnecessarily crowded.

2 of 2 found the following review helpful:

Excellent Primer on Financial Modelling Jan 15, 2010 By N. Bertini "PiPPo NYC"
I picked up the second edition at the local bookstore and I found myself surprisingly impressed by this book. The author was a banker and does a good job at explaining the concepts and tricks used in financial models.

The third edition should include M&A, LBO and models for different industries besides Commercial & Industrial

See all 17 customer reviews on Amazon.com