Modeling & Projecting Financial Statements

Financial statements can deliver a ton of insights, if you know how to uncover them.

This two-day workshop helps professionals in valuation, corporate finance, planning and budgeting, investment banking, asset management, fixed income research, and equity research weave business and financial forecasts into spreadsheet-based projections of financial statements. These projections help professionals value a business, test future scenarios, and gain a cohesive view of a business.

The workshop will also discuss tools and techniques to make participants more efficient and effective in developing models and analyzing information.


  • You MUST BRING A LAPTOP with Excel 2010 or above to the session to build models.
  • The following Excel topics will be covered in the "Optimizing Accounting & Finance with Advanced Excel" seminar. Please consider taking the one-day Excel seminar that precedes this course. Modeling & Projecting Financial Statements assumes that you have mastery of Excel skills covered in that course, which include:
    • Commonly used Excel shortcuts
    • Excel Data Tables (different from Pivot tables)
    • Excel Styles; Custom Formatting, Data Validation, Data Grouping
    • Iterations and circular references
  • Knowledge of Excel VBA is NOT required.
  • A good knowledge of accounting topics such as indirect cash flows, leases, taxes, and options


  • Over 50 detailed spreadsheets illustrating the application of modeling concepts
  • A 250 page manual describing the underlying concepts and their applications

6/19-6/20/2019 Chicago
CPE Credit:
$1,795 **

Venue and Hotel Details


  • Introduction to modeling and design: Components of a financial statement model; Skills needed for modeling; Excel overview; Design choices
  • Efficient modeling
  • Building blocks of models and step-wise development: Enterprise activities
    • Forecasting EBITDA by forecasting sales and operating expenses
    • Forecasting working capital requirements for future business activity
    • Forecasting capital expenditures, PP&E, and depreciation
    • Non-current operating assets and liabilities: Modeling multi-period effects: When revenues are collected over multiple periods, or expenses are incurred over multiple periods
    • Forecasting reserves and allowances
    • Modeling current and deferred taxes
  • Building blocks: Financing activities
    • Understanding and forecasting enterprise free cash flows: Contrasting three approaches to measurement of free cash flows: cash-flow budgeting, equity valuation, and credit risk analysis
    • Forecasting funding needs and interest expense
    • Ensuring that the firm meets its debt-to-equity ratio constraints or debt-to-EBITDA constraints
    • Meeting seasonal funding needs via revolving line of credit
  • Overview of integrated models and their drivers
  • Valuation
    • Cost of capital and risk
    • Growth and terminal values

Program Details

Prerequisite:  Baseline understanding of U.S. GAAP Accounting
Preparation:  None
Level of Knowledge:  Intermediate
Field of Study:  Finance
Delivery Method:  Group Live, Instructor-Led Course

Course Leader

Dan Gode, Co-founder, Almaris E-Learning Systems.

Course Testimonials

“Excellent instructor and easily one of the best corporate training classes I've attended. I will recommend my entire staff take this course.” - Controller, Large Nursing and Rehabilitation Care Provider

  • Register Early and Save!*
    Reserve your seat in any session before midnight on May 1, 2019 and apply coupon code SPRG19WEBSITE at checkout to receive $100 off the purchase price.
  • Attend Any 2 Executive Education Courses Per Person and Save!*
    Apply coupon code COMBO300 at checkout to receive $300 off the combined purchase price.

    See other courses offered in the same week

  • Discounts Available for Groups of 3 or More!*
    For more information, call 201-505-6062 or email

* Discounts cannot be combined and must be applied at time of initial registration.

** Tuition price includes daily breakfast, lunch, and morning and afternoon refreshments.

If you have previously attended this course, you may not be eligible for CPE credits. Please contact KPMG Executive Education to confirm your eligibility.