Best Reference Books – Financial Modeling

We have compiled the list of Top 10 Best Reference Books on Financial Modeling subject. These books are used by students of top universities, institutes and colleges. Here is the full list of top 10 best books on Financial Modeling along with reviews.

Kindly note that we have put a lot of effort into researching the best books on Financial Modeling subject and came out with a recommended list of top 10 best books. The table below contains the Name of these best books, their authors, publishers and an unbiased review of books on "Financial Modeling" as well as links to the Amazon website to directly purchase these books. As an Amazon Associate, we earn from qualifying purchases, but this does not impact our reviews, comparisons, and listing of these top books; the table serves as a ready reckoner list of these best books.

1. “Financial Analysis and Modeling using Excel and VBA” by Chandan Sengupta

“Financial Analysis and Modeling using Excel and VBA” Book Review: Financial Analysis and Modeling Using Excel and VBA, Second Edition presents a comprehensive approach to analyzing financial problems and developing simple to sophisticated financial models in all major areas of finance using Excel 2007 and VBA (as well as earlier versions of both). This expanded and fully updated guide reviews all the necessary financial theory and concepts, and walks you through a wide range of real-world financial problems and models that you can learn from, use for practice, and easily adapt for work and classroom use. A companion CD-ROM includes several useful modeling tools and fully working versions of all the models discussed in the book.

2. “Excel Worksheets and Solutions to Exercises to Accompany Financial Modeling, Fourth Edition, Access Code” by Simon Benninga

“Excel Worksheets and Solutions to Exercises to Accompany Financial Modeling” Book Review: Downloadable Excel worksheets and solutions to end-of-chapter exercises accompany Financial Modeling, Fourth Edition, by Simon Benninga. Access codes are required to download the supplemental material. New print copies of this book include a card affixed to the inside back cover with a unique access code. If you purchased a used copy of this book, this is a separately purchased printed access card.

3. “Building Financial Models with Microsoft Excel: A Guide for Business Professionals” by K Scott Proctor

“Building Financial Models with Microsoft Excel” Book Review: Unlike the more technical financial modeling books on the market which often require knowledge of VBA (Visual Basic for Applications), this book provides beginning or intermediate level computer users with a comprehensive guide to building financial models using Microsoft Excel, the most popular spreadsheet program available. Building Financial Models with Microsoft Excel provides step-by-step instructions on the building of financial models using Excel and the accompanying CD-ROM contains sample Excel worksheets to guide the reader.

4. “Financial Modeling and Valuation: A Practical Guide to Investment Banking and Private Equity (Wiley Finance)” by Paul Pignataro

“Financial Modeling and Valuation” Book Review: You will construct a full scale financial model and valuation step-by-step as you page through the book. Step-by-step financial modeling – taught using downloadable Wall Street models, you will construct the model step by step as you page through the book. Illustrative concepts including detailing model flows help aid in conceptual understanding. Concepts are reiterated and honed, perfect for a novice yet detailed enough for a professional. Model built direct from Wal-Mart public filings, searching through notes, performing research, and illustrating techniques to formulate projections. Includes in-depth coverage of valuation techniques commonly used by Wall Street professionals. Illustrative comparable company analysis – built the right way, direct from historical financials, calculating LTM (Last Twelve Month) data, calendarization, and properly smoothing EBITDA and Net Income. Precedent transactions analysis – detailing how to extract proper metrics from relevant proxy statements. Discounted cash flow analysis – simplifying and illustrating how a DCF is utilized, how unlevered free cash flow is derived, and the meaning of weighted average cost of capital (WACC). Step-by-step we will come up with a valuation on Wal-MartChapter end questions, practice models, additional case studies and common interview questions (found in the companion website) to solidify the techniques honed in the book; ideal for universities or business students looking to break into the investment banking field.

5. “Mastering Financial Modelling in Microsoft Excel: A practitioner’s guide to applied corporate finance” by Day

“Mastering Financial Modelling in Microsoft Excel” Book Review: With every major choice we face we “run through the numbers” to guide our decision-making and legitimise the outcomes. Financial modelling helps managers to make more informed decisions and, crucially, win corporate commitment for those decisions. The ability to construct useful financial models with speed and accuracy is becoming a key skill for all executives to master.However, this is a skill few managers and businesses know how to develop. This book will show managers how they can extend their decision-making capabilities by mastering the use and abuse of financial models. This is the ultimate book and disk combination that will help finance professionals and business students alike to become more proficient in building Microsoft Excel models and applying corporate finance concepts. Several of the titles also come with companion CDs to allow you to put the book’s ideas into action straightaway.

6. “Financial Modeling” by Simon Benninga

“Financial Modeling” Book Review: This long-awaited fourth edition maintains the “cookbook” features and Excel dependence that have made the previous editions so popular. As in previous editions, basic and advanced models in the areas of corporate finance, portfolio management, options, and bonds are explained with detailed Excel spreadsheets. Sections on technical aspects of Excel and on the use of Visual Basic for Applications (VBA) round out the book to make Financial Modeling a complete guide for the financial modeler. The new edition of Financial Modeling includes a number of innovations. A new section explains the principles of Monte Carlo methods and their application to portfolio management and exotic option valuation. A new chapter discusses term structure modeling, with special emphasis on the Nelson-Siegel model. The discussion of corporate valuation using pro forma models has been rounded out with the introduction of a new, simple model for corporate valuation based on accounting data and a minimal number of valuation parameters.New print copies of this book include a card affixed to the inside back cover with a unique access code.

7. “Credit Risk Analytics: Measurement Techniques, Applications, and Examples in SAS” by Bart Baesens and Daniel Roesch

“Credit Risk Analytics” Book Review: Credit Risk Analytics begins with a complete primer on SAS, including how to explicitly program and code the various data steps and models, extract information from data without having to rely on programming, compute basic statistics, and pre-process data. No other solutions package provides the depth of coverage and level of expertise on aligning risk management theory with the latest code. Keep Credit Risk Analytics at your fingertips for everything you need to analyze credit risk of loans and loan portfolios in the commercial banking industry.

8. “Financial Modeling in Excel For Dummies” by Danielle Stein Fairhurst

“Financial Modeling in Excel For Dummies” Book Review: This book shows you how to harness Excel’s capabilities to determine profitability, develop budgetary projections, model depreciation, project costs, value assets and more. This book walks you through the process with clear, expert guidance that assumes little prior knowledge. Learn the six crucial rules to follow when building a successful financial modelDiscover how to review and edit an inherited financial model and align it with your business and financial strategySolve client problems, identify market projections, and develop business strategies based on scenario analysisCreate valuable customized templates models that can become a source of competitive advantage From multinational corporations to the mom-and-pop corner store, there isn’t a business around that wouldn’t benefit from financial modeling. No need to buy expensive specialized software—the tools you need are right there in Excel. Financial Modeling in Excel For Dummies gets you up to speed quickly so you can start reaping the benefits today!

9. “The Mathematics of Financial Modeling and Investment Management” by Sergio M Focardi and Frank J Fabozzi

“The Mathematics of Financial Modeling and Investment Management” Book Review: The Mathematics of Financial Modeling & Investment Management covers a wide range of technical topics in mathematics and finance–enabling the investment management practitioner, researcher, or student to fully understand the process of financial decision-making and its economic foundations.This comprehensive resource will introduce you to key mathematical techniques–matrix algebra, calculus, ordinary differential equations, probability theory, stochastic calculus, time series analysis, optimization–as well as show you how these techniques are successfully implemented in the world of modern finance. Special emphasis is placed on the new mathematical tools that allow a deeper understanding of financial econometrics and financial economics. They also cover a variety of useful financial applications, such as:Arbitrage pricingInterest rate modelingDerivative pricingCredit risk modelingEquity and bond portfolio managementRisk managementAnd much moreFilled with in-depth insight and expert advice, The Mathematics of Financial Modeling & Investment Management clearly ties together financial theory and mathematical techniques.

10. “Pro Excel Financial Modeling: Building Models for Technology Startups” by Tom Sawyer

“Pro Excel Financial Modeling: Building Models for Technology Startups” Book Review: Learn the business thinking behind financial modeling and execute what you know effectively using Microsoft Excel. Many believe that sales and profitability projections shown in financial models are the keys to success in attracting investors. The truth is that investors will come up with their own projections. The investor wants to understand the assumptions, structure, and relationships within the modeling of a startup. If the investor is satiated, the entrepreneur has successfully demonstrated a complete understanding of the business side of the enterprise. Pro Excel Financial Modeling provides the keys necessary to learn this thinking and to build the models that will illustrate it.Step–by–step approach to developing financial models in ExcelExtensive case studies and Excel templates provided.

People who are searching for Free downloads of books and free pdf copies of these top 10 books on Financial Modeling – we would like to mention that we don’t have free downloadable pdf copies of these good books and one should look for free pdf copies from these Authors only if they have explicitly made it free to download and read them.

We have created a collection of best reference books on "Financial Modeling" so that one can readily see the list of top books on "Financial Modeling" and buy the books either online or offline.

If any more book needs to be added to the list of best books on Financial Modeling subject, please let us know.

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Manish Bhojasia, a technology veteran with 20+ years @ Cisco & Wipro, is Founder and CTO at Sanfoundry. He is Linux Kernel Developer & SAN Architect and is passionate about competency developments in these areas. He lives in Bangalore and delivers focused training sessions to IT professionals in Linux Kernel, Linux Debugging, Linux Device Drivers, Linux Networking, Linux Storage, Advanced C Programming, SAN Storage Technologies, SCSI Internals & Storage Protocols such as iSCSI & Fiber Channel. Stay connected with him @ LinkedIn | Youtube | Instagram | Facebook | Twitter