Financial modeling for business owners and entrepreneurs is a process of analyzing how the company has performed in the past and then trying to predict how it’s going to perform in the future. The most important concepts to have a solid understanding of are cash flow, revenues, expenses, assets and liabilities, which are all captured on the income statement balance sheet, and cash flow statement.
CFI is a the official global provider of financial modeling and valuation analyst FMVA Designation. CFI's mission is to help anyone become a world-class financial analyst and has a wide range of resources to help you along the way. In order to become a great financial analyst, below are some additional questions and answers for you to explore further: