Principles of Financial Modelling: Model Design and Best Practices Using Excel and VBA (The Wiley Finance Series) - Hardcover

Über die Autorin bzw. den Autor

MICHAEL REES, D.PHIL., MBA, operates globally to help senior executives to solve their most complex problems in the areas of decision support, business strategy, value-creation, risk assessment, and optimisation. He combines practical experience from top firms with an exceptional analytic record, and is among the world’s leading authors and instructors in the field of financial and risk modelling. His special interest is in cases where issues in strategy, business economics, and valuation are best addressed using practical advanced quantitative approaches.

He has a Doctorate in Mathematical Modelling and Numerical Algorithms, and a B.A. with First Class Honours in Mathematics, both from Oxford University in the UK. He has an MBA with distinction from INSEAD in France. He also studied for the Certificate of Quantitative Finance, graduating top of the class for course work, and receiving the Wilmott Award for the highest final exam mark.

He has approximately 30 years’ business and finance experience, in many sectors, including oil, gas, energy and resources, private equity, health care, biotechnology, chemicals, construction, engineering, and insurance.

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Principles of Financial Modelling covers the full spectrum of financial modelling tools and techniques, which are drawn from the author’s years of experience in dealing with a wide variety of real-world applications, both from consulting projects and from conducting training courses. The book demonstrates how to plan, design and build financial models that are flexible, robust, and transparent, and which are applicable to many decision-support contexts, including forecasting, business planning, project evaluation and selection, portfolio optimisation, and resource allocation.

The book includes extensive coverage of:

• Model design and best practices, including the optimisation of data structures and layout, maximising transparency, balancing complexity with flexibility, dealing with circularity, model audit and error-checking
• Sensitivity and scenario analysis, simulation, and optimisation
• Data manipulation and analysis

Principles of Financial Modelling also provides practical examples of the use of most Excel functions, and an in-depth treatment of VBA and its key areas of application within financial modelling, including the automation of many tasks to improve efficiency in areas such as data analysis and manipulation, simulation, and user-defined functions.

Aus dem Klappentext

Principles of Financial Modelling covers the full spectrum of financial modelling tools and techniques, which are drawn from the author’s years of experience in dealing with a wide variety of real-world applications, both from consulting projects and from conducting training courses. The book demonstrates how to plan, design and build financial models that are flexible, robust, and transparent, and which are applicable to many decision-support contexts, including forecasting, business planning, project evaluation and selection, portfolio optimisation, and resource allocation.

The book includes extensive coverage of:

• Model design and best practices, including the optimisation of data structures and layout, maximising transparency, balancing complexity with flexibility, dealing with circularity, model audit and error-checking
• Sensitivity and scenario analysis, simulation, and optimisation
• Data manipulation and analysis

Principles of Financial Modelling also provides practical examples of the use of most Excel functions, and an in-depth treatment of VBA and its key areas of application within financial modelling, including the automation of many tasks to improve efficiency in areas such as data analysis and manipulation, simulation, and user-defined functions.