How To Practice Financial Modeling?
The best way how to practice financial modeling is on the job, working in investment banking, corporate development, or equity research. If you don’t work in one of these careers (or something similar), the next best way to practice is through online training programs like CFI’s FMVA certification, where students can learn online at their own pace.
In the field of corporate finance and accounting, roles that require financial modeling skills are involved in financial statement forecasting, specifically financial analysis and preparing company-specific models that will be used by decision-makers in the organization.
Unlike bankers who create financial models that focus on assessing companies based on their credit risk and other measures, the accountants’ financial models are usually about project evaluation, profitability, and internal operations analysis and reporting.