About Michael Rees

Dr. Michael Rees is an independent expert in quantitative decision-support. He provides Excel modelling and associated project management services to support the decision- and communication-needs of senior executives. He offers consulting services, including model building and model review, and training courses in risk modelling and risk analysis, Excel modelling principles and practices, advanced modelling tools, financial statement modelling and valuation.

Michael has a Doctorate in Mathematical Modelling and Numerical Algorithms, and a B.A. with First Class Honours in Mathematics, both from Oxford University in the UK. He also has an MBA with Distinction from INSEAD in France. He has studied for the Certificate of Quantitative Finance, graduating top of the course for on-going class work and also receiving the Wilmott Award for the highest final exam mark. He is the author of Financial Modelling in Practice: A Concise Guide for Intermediate and Advanced Level (John Wiley & Sons, 2008).

Michael has 20 years’ business and finance experience, including 8 years as an independent consultant.

Financial Modelling in Practice

Michael wrote this book based on his experience of the current needs of the modelling community: First, that many modellers have a reasonable knowledge of core Excel functionality, but desire to increase and consolidate their knowledge in a way that is prioritised, focused, practical, and application-driven. Second, that there is a need for a text which helps modellers to design, to structure and to build models which are relevant, accurate, and readily understandable. Third, that there is an increasing need to conduct uncertainty analysis as part of the modelling process.

The book covers Excel modelling, financial statement modelling, valuation, risk analysis, real options, and VBA coding for practical applications in business, economic analysis and finance.