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5.0 out of 5 stars A great, detailed guide for all spreadsheets
The book showed me lots of whistles and bells to use in complex and simple spreadsheets to make them look impressive and function more effectively, cutting out much of the margin for error for the user.
All accountants should read it and anyone who uses Excel a lot.
There is free CD Rom as well which enables you to see how the functions work and create them...
Published 13 months ago by Gina Tucker

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9 of 9 people found the following review helpful
2.0 out of 5 stars Good book, but some significant typos and bad references.
I agree with a previous edition evaluation Mastering Financial Modelling in Microsoft Excel: A Practitioner's Guide to Applied Corporate Finance (Financial Times Series). I believe there were no reviews of the typos in this edition. Moreover, in specific part of the books the typos in formulas and techniques makes the explanations pretty much impossible to follow and...
Published 24 months ago by La Petite


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9 of 9 people found the following review helpful
2.0 out of 5 stars Good book, but some significant typos and bad references., 3 Dec 2012
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This review is from: Mastering Financial Modelling in Microsoft Excel: A Practitioner's Guide to Applied Corporate Finance (The Mastering Series) (Paperback)
I agree with a previous edition evaluation Mastering Financial Modelling in Microsoft Excel: A Practitioner's Guide to Applied Corporate Finance (Financial Times Series). I believe there were no reviews of the typos in this edition. Moreover, in specific part of the books the typos in formulas and techniques makes the explanations pretty much impossible to follow and external sources will be needed. Also, I think not all parts of the book were reviewed to include the features in Excel 2010 and did only update the examples of the excel files.

The book gives a decent and comprehensive overview of the techniques of modelling and the main relevant features in Excel. If you are a first timer for this techniques, the explanations are fairly good and you may only be learnign a good deal while missing only minor points because of the problems highlighted latter in this review.
That is, there are significant typos and bad references to the examples in the excel files provided with the book. There is very little that cannot be sorted out with a little bit of common sense and five minutes of back and forward between the book and the examples to figure out which is the correct one when there is an incoherence between both (including in the comments of the excel file). This makes the examples essential for comprehension instead of a simple support, and saves the evaluation of the package. One can actually work out the whole thing with the excel files, the book sometimes makes you missunderstand what is a fairly easy point.

However, a more serious issue is when mathematical techniques are involved. There are a couple of typos in formulas, besides a very poor notation, which I is a serious error that do not allow comprehension of the technique. Pulling from external ressources to understand what the right way to do it is (Wikipedia did just fine). Also, if the person is already familiar with programming, optimization or advanced excel functions (such as solver or regressions), the book gives only hints on the techniques and you might only learn when to apply the technique to the specific of the field of financial modelling. Which you could also find in some youtube videos, wikipedia entries and specialized websites and forums.

I did contact the editor to point out some of the typos. I did ask for help when I could not work out what was the correct way to use a specific technique, as the book and the excel file were doing quite different things. This is one of the cases I had to use external sources of information (see exponetial smoothing) and nor the book nor the excel file were in line with any of the other sources (including open courses ivy ligue universities). The answer of the author was pointing out that I was a minority in complaining about the book and quoting some positive feedback from people praising the classes the author gives for CFA, and no specific clarification of the questions I had was provided. That makes me suspect that no corrections will be provided in future editions and actually made me give an even lower evaluation of the book.
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5.0 out of 5 stars A great, detailed guide for all spreadsheets, 27 Oct 2013
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This review is from: Mastering Financial Modelling in Microsoft Excel: A Practitioner's Guide to Applied Corporate Finance (The Mastering Series) (Paperback)
The book showed me lots of whistles and bells to use in complex and simple spreadsheets to make them look impressive and function more effectively, cutting out much of the margin for error for the user.
All accountants should read it and anyone who uses Excel a lot.
There is free CD Rom as well which enables you to see how the functions work and create them yourself from scratch.
Really, really useful book.
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5.0 out of 5 stars Five Stars, 9 Oct 2014
This review is from: Mastering Financial Modelling in Microsoft Excel: A Practitioner's Guide to Applied Corporate Finance (The Mastering Series) (Paperback)
As described
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