Before joining Microsoft, I spent a decade in consulting, focused primarily on helping customers implement financial and customer systems. These systems were the lifeblood of a company's financial modeling and decision support systems; they were responsible for ensuring quick and reliable business decisions, making the company more competitive while driving shareholder value. Given their importance to the business, we took great care in designing and delivering the analytical and reporting capabilities of these systems.
After implementing the modeling and reporting capabilities, I always enjoyed sitting down with the users to understand how they were utilizing their new tools. To my amazement, in almost every discussion with a user, the most noted feature of the reporting capabilities we delivered was the "Export to Excel" button. The robust capabilities that we had built for users were replaced by a tool that sat on every information worker's desktop that we could not match with any amount of effort—Microsoft Office Excel.
Financial modeling represents the practice of projecting a business's operating results. The process of building, maintaining, and using financial models involves many interrelated and complex steps. The extent to which the process of building financial models is made more straight forward through the use of Excel as a financial modeling tool is captured nicely in the title of this book, Building Financial Models with Microsoft Excel.
As one would expect, ...