Finance Microsoft Excel

Advanced Excel Financial Modeling

Build robust, audit-ready financial models for valuation, forecasting, and investment analysis

Advanced Excel Financial Modeling logo
Quick Course Facts
18
Self-paced, Online, Lessons
18
Videos and/or Narrated Presentations
6.7
Approximate Hours of Course Media
About the Advanced Excel Financial Modeling Course

Advanced Excel Financial Modeling is a practical Finance course for professionals who want to build robust, audit-ready financial models for valuation, forecasting, and investment analysis. You will learn how to structure workbooks, forecast core financial statements, test assumptions, and present outputs with the discipline expected in corporate Finance, banking, private equity, and investment analysis roles.

Build Advanced Excel Financial Models For Finance Decisions

  • Develop professional workbook architecture, formatting standards, formula discipline, and audit controls.
  • Forecast revenue, costs, margins, working capital, capital expenditures, depreciation, and debt schedules.
  • Integrate the income statement, balance sheet, and cash flow statement into a connected Finance model.
  • Apply valuation methods, sensitivity tables, scenario cases, dashboards, and investor-ready outputs.

This Advanced Excel Financial Modeling course teaches the end-to-end skills needed to build robust, audit-ready financial models for valuation, forecasting, and investment analysis.

You will begin with the foundations of professional financial modeling, including clean workbook design, consistent formatting, reliable formulas, and advanced Excel functions used in Finance models. From there, the course moves into operating forecasts, assumption drivers, revenue models, cost structures, margins, operating leverage, and working capital schedules.

As the course progresses, you will build integrated statement models that connect capital expenditures, depreciation, fixed assets, debt schedules, interest expense, revolvers, and cash flow mechanics. You will also learn how to add model checks, error controls, audit techniques, and stability practices so your models are easier to review, maintain, and defend.

The valuation section covers discounted cash flow construction, WACC, terminal value, valuation assumptions, trading comparables, multiples, sensitivity tables, scenarios, and decision ranges. By the capstone, you will be able to create and present a complete Advanced Excel Financial Modeling project with clear assumptions, reliable outputs, and practical insights for Finance decisions.

Course Lessons

Full lesson breakdown

Lessons are organized by topic area and each includes descriptive copy for search visibility and student clarity.

Modeling Foundations

3 lessons

This lesson establishes the professional standards used throughout the course to build financial models that are clear, consistent, flexible, and audit-ready. You will learn how experienced modelers o…

Lesson 2: Workbook Architecture, Formatting, and Formula Discipline

22 min
In this lesson, Professor Daniel Martin establishes the modeling discipline that makes advanced Excel financial models reliable, reviewable, and usable under real deal pressure. The focus is not on va…

Lesson 3: Advanced Excel Functions for Finance Models

24 min
This lesson develops the advanced Excel function toolkit needed to build finance models that are flexible, transparent, and audit-ready. It focuses on functions that improve model logic, lookup reliab…

Forecasting Core Financials

4 lessons

Lesson 4: Building Assumption Drivers and Operating Forecasts

23 min
In this lesson, students build the operating forecast layer of a financial model by translating business assumptions into revenue, cost, margin, working capital, and operating expense drivers. The foc…

Lesson 5: Revenue Models by Volume, Price, Mix, and Growth

21 min
This lesson teaches a practical revenue forecasting framework built around the four main drivers of revenue: volume, price, mix, and growth. Learners will structure revenue schedules so assumptions ar…

Lesson 6: Cost Structures, Margins, and Operating Leverage

20 min
This lesson teaches how to translate business operations into forecastable cost structures, margins, and operating leverage assumptions inside an Excel financial model. You will distinguish variable, …

Lesson 7: Working Capital Schedules and Cash Conversion

22 min
This lesson builds the working capital schedule that connects revenue, cost of goods sold, operating expenses, and the cash flow statement. You will forecast accounts receivable, inventory, accounts p…

Integrated Statement Modeling

4 lessons

Lesson 8: Capital Expenditure, Depreciation, and Fixed Assets

21 min
This lesson builds the fixed asset schedule that connects capital expenditures, depreciation expense, accumulated depreciation, and net PP&E across the three financial statements. Students learn h…

Lesson 9: Debt Schedules, Interest Expense, and Revolvers

25 min
This lesson builds the debt schedule inside an integrated three-statement model, focusing on term debt, mandatory amortization, optional repayments, interest expense, and revolving credit facilities. …

Lesson 10: Integrating Income Statement, Balance Sheet, and Cash Flow

25 min
This lesson shows how to connect the income statement, balance sheet, and cash flow statement into one audit-ready forecast model. The focus is not on building every schedule from scratch, but on unde…

Lesson 11: Model Checks, Error Controls, and Audit Techniques

22 min
This lesson shows how to design practical control checks for an integrated three-statement model so errors are visible, traceable, and fixable before the model is used for valuation or investment deci…

Valuation and Decision Analysis

4 lessons

Lesson 12: Discounted Cash Flow Model Construction

24 min
In this lesson, Professor Daniel Martin walks through the construction of a discounted cash flow model from operating forecast to enterprise value. The focus is on practical model architecture: linkin…

Lesson 13: WACC, Terminal Value, and Valuation Assumptions

23 min
This lesson shows how to translate operating forecasts into valuation assumptions that can withstand review. Students learn how to build a weighted average cost of capital, select and defend terminal …

Lesson 14: Trading Comparables and Valuation Multiples

21 min
This lesson explains how to build a practical trading comparables analysis for public-company valuation. Students learn how to select an appropriate peer set, gather and normalize market data, calcula…

Lesson 15: Sensitivity Tables, Scenario Cases, and Decision Ranges

24 min
This lesson shows how to convert a single valuation output into a decision-ready range using Excel sensitivity tables, scenario cases, and clearly labeled decision thresholds. Students learn how to st…

Advanced Modeling Controls

2 lessons

Lesson 16: Circularity, Iteration, and Model Stability

20 min
This lesson explains how circular references arise in advanced financial models, when they are acceptable, and how to control them without sacrificing auditability. Students learn to distinguish inten…

Lesson 17: Management Dashboards and Investor Output Pages

22 min
This lesson shows how to turn a completed financial model into a clear management dashboard and investor-ready output pack. The focus is not on adding more calculations, but on selecting the right dec…

Capstone Application

1 lesson

Lesson 18: Capstone: Building and Presenting a Complete Financial Model

25 min
In this capstone lesson, students assemble the major components of an advanced Excel financial model into a complete, presentation-ready deliverable. The focus is not on introducing new modeling theor…
About Your Instructor
Professor Daniel Martin

Professor Daniel Martin

Professor Daniel Martin guides this AI-built Virversity course with a clear, practical teaching style.