What is financial modeling?
Financial modeling means different things to different people. For some, the term can mean essentially any analysis done in a spreadsheet. However, for most investment bankers and other practitioners of corporate finance, financial modeling means projecting one or more of a company’s financial statements in order to use those projections for some kind of analysis. The type of model that this Self Study Program teaches is, in my opinion, the most important type of financial modeling. This model is known as an integrated cash flow model, which is a forecast or projection of a company’s three financial statements: the Income Statement, the Balance Sheet and the Cash Flow Statement.
