What is Financial Modeling for Business Owners and Entrepreneurs?
Financial modelingWhat is Financial ModelingFinancial modeling is performed in Excel to forecast a company's financial performance. Overview of what is financial modeling, how & why to build a model. 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 include cash flow, revenuesSales RevenueSales revenue is the income received by a company from its sales of goods or the provision of services. In accounting, the terms "sales" and, expenses, assets, and liabilities, which are all captured on the income statement, balance sheet, and cash flow statementCash Flow StatementA Cash Flow Statement (officially called the Statement of Cash Flows) contains information on how much cash a company has generated and used during a given period. It contains 3 sections: cash from operations, cash from investing and cash from financing..
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