Knowledge Required of Accounting for Financial Modeling Training

Financial modeling training gives you edge over others and you are able to evaluate the financial position of the company after a particular period. You are trained with data sheets in excel and compare historical financial information of the company and come out with a financial model which help you to analyze and interpret the company’s financial situation after certain period. You are provided live training in the classroom program with excel basic and advanced training to master in the financial modeling. Both fresher and experienced person can take advantage of financial modeling training to enhance their career growth.

Historical Data- You are provided at least 3 years data of a company in the classroom where you have to analyze and see the growth or fall in these period. You try to understand various things like profits changes, asset turnover, inventory changes and other etc. This is the first step in financial modeling process.

Ratios & Metrics- In this step, you calculate the ratios of the various items in the balance sheet and see various changes that are happening in the profits, asset turnover, growth rates and inventory changes. It helps you to understand where the company is growing or falling ahead.

Assumptions- This is the third step where you make assumptions based on the historical data and make a financial model based on assumptions about various aspects like growth rates, future margins, inventory changes and asset turnover. This is important step as your financial model is the base for the future financial evaluation that you are going to made for the company.

Forecast- This is the final step where you differentiate the assumption in various heads to the actual results and find the differences and make changes by reversing your calculations that you used for calculating ratios and metrics. 

If you wish to be a financial modeling expert, you should have a strong understanding of the accounting principles and fundamentals. How, they are calculated and their meaning and their connectivity to each other. It is recommended to posses at least few accounting course in your armor. So, accounting is used because, you have to play with the data of balance sheet and profit & loss of the company and make assumption and forecast the company’s financial position after certain time.

Career Prospects

A Job opportunity is the first and the last factor that matters the most and you have wide range of job prospect after financial modeling training. Financial modeling is majorly used in risk department, corporate banking and investment banking. There is different kind of jobs available after evaluating your knowledge and skills but mainly after completion of the financialmodeling training, you are able to be financial analyst, business analyst, financial manager and market research analyst etc. You should be passionate about numbers if you wish to excel in financial modeling course. Financial modeling training gives you the practical insight that makes you eligible for various exciting jobs.