Accounting & Finance

Knowledge of accounting and finance is a requirement for any finance professional. Below we provide a variety of free articles and lessons to get you up to speed fast.

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Accounting & Finance Must Reads

Guide to Balance Sheet Projections

Imagine that we are tasked with building a 3-statement statement model for Apple. Based on analyst research and management guidance, we have completed the company’s income statement projections, including revenues, operating expenses, interest expense ... Read More

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Guide to Forecasting the Income Statement

Forecasting the income statement is a key part of building a 3-statement model because it drives much of the balance sheet and cash flow statement forecasts. In this guide, we address the common approaches to forecasting ... Read More

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How to Build an Integrated 3 Statement Financial Model

An integrated 3-statement financial model is a type of model that forecasts a company’s income statement, balance sheet and cash flow statement. While accounting enables us to understand a company’s historical financial statements, forecasting ... Read More

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Quick Lesson: Cash Flow Statement, Part 1

In this video, we'll build a cash flow statement model given an income statement and balance sheet in Excel. The accounting here is a simplified presentation of how the three major financial statements are ... Read More

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Working Capital

A key part of financial modeling involves forecasting the balance sheet. Working capital refers to a specific subset of balance sheet items. The definition of working capital (shown below) is simple: Working capital = Current ... Read More

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