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 contents are based on many years’ experience of building models in business and finance, and of training others how to do so. The aim was to write a guide which is as comprehensive as possible within the space available, but which is also concise, disciplined, and focussed in its selection of topics.
Readers’ comments include:
- “Despite using Excel for over 20 years – which included building complex valuation models for private equity and intangible asset valuations – I had a suspicion that I was not utilizing the program to its fullest extent […] Thanks to Mike for his hard work in producing such a useful, thought-provoking tome. Anyone in the valuation practitioner space (i.e., the ASA-BV, CBA, ABV crowd) should carefully read this book and integrate its learnings into their own practice” (David Butler on amazon.com, September 3, 2011).
- “This is an excellent hands-on book about building robust financial models, that can be used for decision making. It contains a wealth of useful excel samples and real modelling exercises. Practical, concise no-nonsense approach to modelling” (Alex on amazon.co.uk, 14 November 2008).