Financial modelling and forecasting
Find out more about building financial models, the pitfalls of financial modelling and how to carry out effective forecasting.
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- Online articles
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- Articles and books in the Library collection
On the basis of research involving 25,000 forecasters and a million predictions, the authors identified a set of practices that can improve companies’ prediction capability: providing training in the basics of statistics, assembling teams of forecasters, tracking performance and giving feedback.
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Financial modelling code
Building on the earlier guide, the Twenty principles for good spreadsheet practice, this
thought leadership guide from ICAEW's IT Faculty sets out guidance on what the Faculty sees as the universal tenets of best
practice in the field.
The Library provides full text access to a selection of key business and reference eBooks from leading publishers. eBooks are available to logged-in ICAEW members, ACA students and other entitled users. If you are unable to access an eBook, please see our Help and support advice or contact email@example.com.
Hands-on financial modeling with Microsoft Excel 2019: build practical models for forecasting, valuation, trading, and growth analysis using Excel 2019
This book will help you understand financial modeling concepts using Excel, and provides you with an overview of the steps you should follow to build an integrated financial model.
Using Excel for business and financial modelling: a practical guide (3rd edition)
A hands-on guide to using Excel in the business context. Contains step-by-step instructions of how to solve common business problems using financial models, including downloadable Excel templates, a list of shortcuts and tons of practical tips and techniques you can apply straight away. Formerly titled Using Excel for business analysis.
Principles of financial modelling: model design and best practices using Excel and VBA
A practical guide to financial modelling, demonstrating how to plan, design and build financial models.
individual publishers. Please see individual
How recent insolvency reform in the UK impacts business valuations
A look at how the new UK Corporate Insolvency and Governance Act (CIGA) 2020 is likely to impact a business valuation conducted for purposes of insolvency. The article covers the valuation elements which are likely to require more preparation and support than in the past, including providing more scenario analysis to aid the court and additional stress-testing of discounted cash flow (DCF) analyses and scenarios.
Accounting curricula in the digital age
Accounting programs need to ensure that students are equipped with digital capabilities that will prepare them for leadership roles in the profession. The article looks at the case for including Excel, financial modelling, process automation and data analytics and visualization in an academic accounting curriculum.
Volatility forecasting using financial statement information
This paper examines whether financial statement information can predict future realized equity volatility incremental to market-based equity volatility forecasts. The paper uses an analytical framework to identify accounting-based drivers of realized volatility.
Articles and books in the Library collection
Best-practice guideline from ICAEW's Corporate Finance Faculty, aimed at corporate financiers who need to prepare, use or review financial models for deals.
Next generation Excel modelling in Excel for analysts and MBAs (for Windows and Mac OS)
(John Wiley & Sons, 2013)
Covers advanced business decision making, financial, and accounting functions. The book demonstrates how to create models to boost efficiency and improve your forecasting ability.
Business and financial models
(Kogan Page, 2013)
A step-by-step guide to building a financial model, from formulating questions to monitoring performance. .
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