Shop now Shop now Shop now  Up to 50% Off Fashion  Shop all Amazon Fashion Cloud Drive Photos Shop now Learn More Shop now Shop now Shop Fire Shop Kindle Shop now Shop now Shop now

Customer Reviews

3.5 out of 5 stars4
3.5 out of 5 stars

Your rating(Clear)Rate this item
Share your thoughts with other customers

There was a problem filtering reviews right now. Please try again later.

on 10 November 2014
This book purports to be "a guide designed for investment banking and private equity professionals". Well, it isn't.
The book is a simplistic introduction to financial modeling and valuation. Financial concepts and tools are only covered in the most basic of ways and, more importantly, the modeling techniques are NOT based on best-practice standards in the banking industry.

I will give you two examples:
1) the modeling of most balance sheet items utilizes cash flow statement entries. This is not the industry standard technique, because it suffers from several problems (just look at the PP&E formula in the WalMart model on the book's website and you'll see what I mean)
2) The model's cash balance can become negative. This is something that first year analysts in investment banking are taught to avoid in training sessions even BEFORE they hit their desks.
I could give you more bad practice examples from the book, but you get the point.

This book may help university students in their first approach to financial statement modeling, but even at entry level there are better textbooks to use.
Professionals, MBA students and anyone else seriously interested in financial modeling should look elsewhere. A better book is Tjia's book on modeling published by McGraw-Hill.
0Comment|5 people found this helpful. Was this review helpful to you?YesNoReport abuse
on 28 September 2013
Good book for modeling and especially if you are starter. The book start from basic using finance, accounting, Ms Excel, strategy, research. He has put practical approaches in the book for easy learning. Don't miss the online templates.
0Comment|Was this review helpful to you?YesNoReport abuse
on 2 April 2014
The book is detailed, but, easy to follow and understand. I found it really useful in developing a model for a complex business in readiness for submission to investors
0Comment|Was this review helpful to you?YesNoReport abuse
on 3 June 2016
It's as simple as it gets, if you are looking for complex modeling skills, this is not the right place to learn it. Was expecting more from Paul.
0Comment|Was this review helpful to you?YesNoReport abuse

Sponsored Links

  (What is this?)