Financial Modeling for Beginners: Get to Pro in Just 30 days

Name: Financial Modeling for Beginners: Get to Pro in Just 30 days
Rating: 4.6 (202 reviews)

Learn 3-statement Financial Modeling & DCF Valuation in Excel Step by Step— No prior modeling experience needed

Created byAmey K

Last updated 1/2026

English

English [Auto],

What you'll learn

Learn to build dynamic financial models in Excel from scratch; even though you have no experience
Forecast business performance by projecting income statement, balance sheet and cash flows
Develop fully linked models with schedules for projecting revenue, costs, fixed assets, investments, debt, taxes and so on
Master Excel Modelling by incorporating formulas, functions & best practices
Calculate cost of equity and weighted average cost of capital (WACC) for computing DCF valuation
Compute Discounted Cash Flow (DCF) valuation to accurately assess business value like a finance pro
Develop Real-World financial models for business planning, forecasting, scenario analysis and investment decisions
Calculate Internal Rate of Return (IRR) that an investor makes if he acquires a company (M&A analysis)
Develop input and output sheets like professionals do and depict margins and return ratios for various scenarios
Master an industry-relevant skill for a career in investment banking, equity research, private equity, corporate finance, etc

Course content

4 sections • 42 lectures • 9h 6m total length

What will you get in this course?1:40
How is this course structured?2:29
How you can go about taking this course ?1:21
Download the Blank Template and Completed Model here before you start0:07
What are the steps involved in developing a financial model ?4:46
Important message about Udemy Reviews1:56

Let's have a look at the financials excel sheet2:28
P&L projections24:58
Cash flow projections13:25
Link cash flow projections to the pnl statement and balance sheet, detail working capital, capex, and debt repayments, and project sources and uses through 2026.
Balance sheet projections17:45
Project a balance sheet to 2026 by modeling accounts receivable, other current assets, and fixed assets, linking working capital to the PNL and cash flow.
Fine Tuning the Linkages - the 3 financial statements6:20
Fine-tune the linkages among the PNL, balance sheet, and cash flow, fix circular reference errors, and verify the debt repayment and cash balance reconciliation.
Free Cash Flows to Equity holders (FCFE DCF valuation)17:15
Cost of Equity23:04
Learn to compute the cost of equity using CAPM, combining the risk-free rate, beta, and market return to value cash flows to equity.
Free Cash Flows to Firm (FCFF DCF valuation)14:26
Weighted Average Cost of Capital (WACC)5:54
Correlating FCFE and FCFF Valuation5:48
This lecture correlates fcfe and fcff valuations by comparing equity and enterprise values and implied multiples, showing that aligning the terminal multiple around 12 yields similar equity values near 190,000.
Computing investor IRR; using NPV and IRR functions;14:06
Financial analysis Output Sheet21:22
Moving from basic to advanced modelling0:59

Download the Blank Template and the completed Advanced model before you proceed0:07
Getting data into excel from a pdf file containing financials4:30
Projecting Order Inflow and Sales29:22
Learn to project a construction company's order inflow, order book, and sales over five years by building scenario-based schedules for order prospects, market share, and sales growth.
Projecting Operating Costs and EBITDA32:25
Developing a Profit and Loss Statement Projection17:43
Developing a Fixed Asset Schedule33:18
Develop a fixed asset schedule by projecting depreciation and capex across land, building, plant and machinery, and information technology assets, to derive net fixed assets and link to balance sheet.
Projecting Working Capital required for the business19:52
Project net working capital by building a working capital schedule linking gross working capital and liabilities, using days of sales to reduce net working capital and inform the balance sheet.
Developing Balance Sheet Projections12:23
Creating a Dividend Schedule10:47
Developing Cash flow projections14:47
Fine-tune balance sheet line items, develop a debt schedule, and project cash flow by building a cash flow statement skeleton with capex, working capital, and subsidiary investments.
Creating a Debt Schedule21:43
Preparing a Cash and Investments Schedule14:20
Linking it all up together23:21
Build a linked three-statement model by connecting cash flow, balance sheet, and profit and loss. Incorporate debt repayment dynamics, depreciation linkage to fixed assets, and tax and subsidiary dividend inputs.
Tax books and depreciation19:25
Develop a tax depreciation schedule to align tax outflows with free cash flow to equity, using income tax rates for land, building, plant and machinery, IT assets, and CapEx.
Preparing a Tax Schedule22:47
Preparing an Input Sheet to provide model inputs27:27
Computing Free Cash flow to Equity and Investor's IRR27:36
Compute free cash flow to equity and perform a FCF valuation by incorporating dividends, tax adjustments, and debt repayments, then estimate terminal value and assess IRR and NPV.
Sensitivity Analysis using data tables6:24
Preparing an Output Sheet to Review all Outputs at one place25:08
Concluding Remarks and next steps1:13

New Hands-on Exercise: Build a 5 year P&L Forecast0:36
Long-Term Growth Assumptions by Country0:34
New Hands-on Exercise: Build a 5 year Balance Sheet Forecast0:38
Dear Students,
One of the most powerful skills in finance is the ability to look ahead — to take historical data and project how a company’s balance sheet will evolve in the coming years.
I’ve added a new assignment to the course where you’ll:
Work with 3 years of historical balance sheet data
Project the next 5 years using assumptions for PAT, investments, capex, depreciation, and changes in working capital
Apply formulas to ensure Assets = Liabilities each year
Strengthen your understanding of how financial statements connect and balance
This exercise is designed to give you hands-on practice with real-world financial modeling techniques. By completing it, you’ll gain confidence in building forward-looking statements — a skill that’s essential for roles in investment banking, corporate finance, and equity research.
? Download the Excel template here and get started.
Post your responses in the Q&A section with the same subject line! Looking forward to seeing your projections!
Best,
Amey

Requirements

Preliminary understanding of Finance and Excel is required
If you’re completely new to Finance or Excel, I'd recommend taking up my course titled Excel & Finance for Beginners: Learn with Practical Examples, to build a solid foundation before diving in!

Description

Master Financial Modeling & Fast-Track Your Finance Career

Want to break into investment banking, corporate finance, private equity, or equity research — but don’t know where to start?

This hands-on course gives you the exact modeling skills top finance professionals use daily. You’ll go from beginner to confident modeler, learning how to build structured, real-world financial models from scratch — even if you’ve never done it before.

What You’ll Learn

Build a complete 3-statement financial model — from blank sheet to polished output
Forecast and value businesses using DCF and practical projection techniques
Apply every concept through real case studies — one beginner-friendly, one advanced

Why This Course Works for you

No fluff — just the modeling skills employers actually look for
Step-by-step structure that helps you learn, apply, and retain
Ideal for students, career switchers, and professionals looking to upskill fast

Who This Is For

Aspiring finance professionals targeting IB, PE, valuation, equity research, M&A, or FP&A
Career switchers who want to understand how financial models drive decisions
Entrepreneurs who need to model their company’s performance and projections

What students say

" This is an amazing course on financial modeling. The concepts have been explained in simple way which makes it easy to learn financial modeling."

" Course aligns very well with my expectation of how I'd like to learn modelling. Step by step, no jargon, made easy to understand."

New to Finance or Excel? Start with my beginner-friendly course: “Finance & Excel for Beginners: Learn with Real Examples” — then come back to this one.

Join the learners mastering financial modeling with us— and start building the skills that will set you apart.

Who this course is for:

(1) Finance Professionals – Those looking to Advance your Career or Break Into Corporate Finance, Investment Banking, Equity Research, or Financial Planning
(2) Entrepreneurs & Business Owners – Those who want to create financial projections, assess business value, and make data-driven decisions.
(3) Students & Graduates – Business, finance, or accounting students who want practical financial modelling skills to stand out in job applications.
(4) Self-Learners & Career Changers – Anyone looking to transition into finance or improve their ability to analyze financial data and build models.

Financial Modeling for Beginners: Get to Pro in Just 30 days

What you'll learn

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Course content

Introduction6 lectures • 12min

Section 2: Financial Modelling Blueprint13 lectures • 2hr 48min

Section 3: Business Modelling Challenge20 lectures • 6hr 5min

Bonus Practise Resources3 lectures • 2min

Requirements

Description

Who this course is for: