3 Statement Modelling

Master financial modelling.

Build a 3 statement financial model for a real listed company, not with mock numbers.

1h38m

of video content

24

build lessons

104

instantly-graded questions

8

integrity checks

What you will be able to do

Build a robust financial model

By the end of this course, you will be able to understand a company's public disclosures and build a financial forecast grounded in reality.

Digest an annual report like a pro

Find the figures you need in the income statement, balance sheet, cash flow statement and notes, and enter three years of history.

Link the three statements

Profit flows into retained earnings, balance sheet movements drive the cash flow, and closing cash returns to the balance sheet.

Build the supporting schedules

PP&E, leases, intangibles, working capital, tax, dividends, share-based payments and debt, with the accounting mechanics explained as you build each one.

Forecast with assumptions

Drive revenue, margins, capital expenditure, working capital days and dividends from one assumptions sheet.

Break circularity with a switch

See why interest on a revolving credit facility creates a loop, and how a circularity switch breaks it without breaking the model.

Build integrity checks

Eight checks and a total, and how to find the first error when one fails.

Who it's for

Built for the ambitious

IB · Equity research
Aspiring IB & equity analysts

Build the practical modelling know-how that interviews and case studies test.

On-the-job
Corporate finance & FP&A professionals

Tighten the structure and the checks in the models you already build.

CPD
Accountants & Current Professionals

Perfect for your Continuing Professional Development and on-the-job learning.

First modelling test
Graduates & MBA candidates

Walk into your first modelling test having already built the real thing.

What's inside

The full build

One company, start to finish: 1h38m of video across 24 lessons, with a model that checks itself at every step.

Phase 1
Building the Historicals

From the annual report to a model that balances

  • Introduction
  • The Big Picture
  • Sourcing the Historicals
  • The Income Statement, First Pass
  • The Balance Sheet: Operating Side
  • The Balance Sheet: Funding Side
Phase 2
Forecasting and Review

Circularity, debt, and the checks that catch your mistakes

  • The Income Statement, Second Pass
  • The Cash Flow Statement
  • Debt, Interest and Circularity
  • Checks and Wrap-Up
1h38m on-demand video
Excel model, every section
104 instantly-graded questions
Learn at your own pace

The point of this course

"Real annual reports are messier than templates, so if you can build this model and explain every number in it, you can handle the modelling tests that come up in interviews and on the job."

A model you built, not one you filled in

A full model of a real listed company, built by you, balancing in every forecast year.

3 Statement Modelling