Excel

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Advantages of Google Sheets: Why It’s Time for Finance Pros to Switch From Excel

Work is more collaborative than ever, and finance pros need a spreadsheet program that can keep up. Google Sheets is ideal for the way we work today.

9 minute readContinue Reading
Stefan Thelin

Stefan Thelin

How to Approach Financial Data Visualization

Looking to make your financial models more effective with better data visualization? Design principles can be effective tools in corporate decision-making.

8 minute readContinue Reading
Archil Lursmanashvili (FMVA)

Archil Lursmanashvili (FMVA)

Google Apps Script Tutorial for Mastering Macros

Google Apps Script may appear familiar to those with knowledge of Microsoft’s Visual Basic for Applications (VBA) language. However, Google’s coding offers more integrations and the ability to harness workflows seamlessly across spreadsheets, documents, and presentations.

10 minute readContinue Reading
Stefan Thelin

Stefan Thelin

Exploring Excel’s Get & Transform Functionality

Hidden in Excel and Power BI is a powerful data analysis pack named Get & Transform (previously known as Power Query). It is an ETL pack for cleaning and sorting raw data from a range of input sources, such as CSV and text files. This tutorial demonstrates how to–quite literally– get and transform data in Excel, in ways that can help the data analyst save time and uncover more insight.

10 minute readContinue Reading
Ellen Su

Ellen Su

How to Build a Budget That Lasts the Full Year

Budgeting can be a drawn-out process, yet oftentimes once the year starts and results diverge, they become forgotten. Instead of budgeting just with qualitative methods, managers should combine them with quantitative tools. Comparing regressed historic trends with future expectations can be more accurate and ultimately ensure the budget survives the year.

14 minute readContinue Reading
Erik Warren

Erik Warren

Forecaster’s Toolbox: How to Perform Monte Carlo Simulations

One of the most important and challenging aspects of forecasting is handling the uncertainty inherent in examining the future. Every CEO, CFO, board member, investor, or investment committee member brings their own experience and approach to financial projections and uncertainty, influenced by different incentives. Oftentimes, comparing actual outcomes against projections underscores the need to explicitly recognize uncertainty.

Monte Carlo simulations are an extremely effective tool for handling risks and probabilities, used for everything from constructing DCF valuations, valuing call options in M&A, and discussing risks with lenders to seeking financing and guiding the allocation of VC funding for startups. This article provides a step-by-step tutorial on using Monte Carlo simulations in practice.

22 minute readContinue Reading
Stefan Thelin

Stefan Thelin

Estimating WACC for Private Company Valuation: A Tutorial

The discount rate is a critical input in any discounted cash flow valuation analysis. How does an analyst estimate a reasonable discount rate for a private company that has no publicly traded debt or equity?

This article focuses on best practices for estimation of the WACC in the context of a private company valuation. The discussion begins with an overview of the WACC, background on the components of the WACC, methods to estimate the WACC components for private companies, and an example of how to apply this framework to estimate a privately-held building materials company.

16 minute readContinue Reading
David Turney

David Turney

Why Every Business Should Build Weekly Cash Flow Forecasts

When most finance professionals hear the term “13 week cash Forecast,” they view it as a burden—one more task to appease an overbearing lender. It doesn’t help that it seems less exciting than analyzing an investment or acquisition. Therefore, people often only prioritize these forecasts in distressed situations, when it is too late to take corrective actions.

However, in this article, Toptal Finance Expert Marty Mooney argues that weekly cash forecasts are crucial for all businesses, irrespective of size, health, or sector. It also provides a simple tutorial for efficiently building such analyses.

18 minute readContinue Reading
Marty Mooney

Marty Mooney

Power Pivot for Excel Tutorial: Top Use Cases and Examples

With the arrival and growing ubiquity of big data, Excel, as a data-mining and processing tool has been pushed to its limits—reflected in its dated 1,048,576 row hard limit and the application’s processing speed slowing to a crawl. As of 2010, Microsoft released a Power Pivot function that transformed the scope and usefulness of Excel where the extraction, combination, and analysis of large datasets are concerned.

Using live cases, Finance Expert Ellen Su explores in detail how to master Power Pivot and explores its hidden advantages as a big data tool.

17 minute readContinue Reading
Ellen Su

Ellen Su

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