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The Worst Financial Model I Ever Saw...
The worst financial model I ever saw came from someone with Big 4 experience. This issue is brought to you by Financial Modeling Education. Learn to... more »
Statement of Cash Flows Cheat Sheet
A Statement of Cash Flows (SCF) cheat sheet ⬇️🟢 I like to think of the SCF like a bridge <---->.Specifically — a bridge from:ACCRUAL... more »
3 statement model: the number 1 issue I see...
Here's the 𝗻𝘂𝗺𝗯𝗲𝗿 𝗼𝗻𝗲 𝗶𝘀𝘀𝘂𝗲 I see with 3 statement models:...Using the cashflow statement to reverse engineer the balance sheet.And I see it most ofte... more »
A cash flow forecast doesn't have to be complicated
If I suddenly awoke in the middle of a business and had no idea about anything,know what I'd build first? Hint: it's 𝙣𝙤𝙩 a three statement model.It... more »
How our financial modeling lives change...
So I have no idea who created this image (𝙣𝙤𝙩 𝙢𝙚),but I saw it posted recently and it made me think...It's funny b/c it's true of course (for most... more »
What's a LBO? Let's explain it simply...
What's a "LBO" ? Talk about another finance term designed to confuse me."LBO" stands for "Leveraged Buyout."But,What the heck... more »
Make Sentences Using Formulas in Excel
Did you know Excel isn't just for numbers?You can do some awesome stuff with 𝙒𝙊𝙍𝘿𝙎 too...Take a look at the picture at the top of this post.It's an... more »
How I Got Into Private Equity with a Non-Traditional Background
How do you get into private equity with a non-traditional background? I was faced with the same question several years ago (2014, actually). Here's how I... more »
A "Top Down" Budget Shouldn't be a "Shove Down" Budget
It's funny — I used to really like "bottoms up" budgets but don't much anymore.❓ Why?🤔 The future is a guess.Doesn't matter how much sophistication... more »
How to build the Balance Sheet in 10 steps (short version)
How to build the Balance Sheet in 10 steps ⬇️ Once again, finance being overly complicated. There is actually a fairly simple (and repeatable) formula... more »
A Balance Sheet for the Rest of Us (in words I actually understand)
A balance sheet for the rest of us. I've gotta say it drives me nuts when all these finance terms are super opaque and confusing. For real just... more »
Thinking about a career in Private Equity? (7 tips to think about)
𝟭. 𝗠𝗮𝗸𝗲 𝘀𝘂𝗿𝗲 𝘆𝗼𝘂 𝗮𝗰𝘁𝘂𝗮𝗹𝗹𝘆 𝘄𝗮𝗻𝘁 𝗶𝘁Sounds obvious, but do you 𝘢𝘤𝘵𝘶𝘢𝘭𝘭𝘺 want it or just 𝘵𝘩𝘪𝘯𝘬 you want it? Don't pursue it just b/c it's "awesome" or "pr... more »