Financial Modelling Fundamentals.

Many outsiders often ask a question: what constitutes a financial model? The answer is not as simple as some may imagine. Because of the variety of intended uses, the definition of a financial model can only be a rather broad one. Simply put, a financial model is a spreadsheet (most commonly in Excel) created for the purpose of financial analysis of companies, projects, portfolios and other subjects. Financial models are used in Investment Banking and Corporate Finance fields, as well as Commercial Banking, Portfolio Management and Venture Capital / Private Equity applications. Different types of financial models exist:
Risk analysis models used to analyze different types of risk
Trading models – used in portfolio management and sales/trading functions
Portfolio allocation models determine asset type and other allocations within a portfolio.
But the most commonly used type of a financial model, and the core of the Financial Modelling Group’s courses, is the financial statements projection model. Financial Modelling Group’s flagship Financial Modelling in Excel and Valuation course focuses specifically on building a financial statement forecast model and later derive at a company’s valuation using the model’s outputs. Financial statements projection model forecasts the company’s future financial results and consists of:
Income Statement
Balance Sheet
Cash Flow Statement
Supporting schedules – CAPEX Schedule, Debt Schedule, Working Capital and other schedules.

The financial projections model is an essential building block for valuation and investment decision making analysis. Subsequent valuation models such as the Discounted Cash Flow (DCF) models, Comparable Trading and Comparable Transaction analysis models, LBO (Leveraged Buyout) models, and Mergers and Acquisitions (M&A) models build on the financial statements projection model.

The level of detail of a given model depends on its intended use. For example, if the model’s purpose is to analyze your company’s tax situation, then building a detailed tax schedule into your model will suit that purpose. In another example, if your company has a complicated debt structure with layers of senior and junior debt, adding a complex debt schedule outlining all debt segments and determining repayment order will be warranted. Finally, if you want to analyze the CAPEX program of your company , you need to build a more comprehensive CAPEX schedule to analyze different CAPEX inputs and their dynamics over time.

When building a financial statements projection model an analyst creates financial statements of a company that reflect its historical financial performance (usually 1-3 years), and forecasts the company’s financial performance over a certain period of time (usually 3 to 10 years). The forecast period can be monthly, quarterly or yearly depending on the requirements. The modeller focuses on the three main financial statements: Income Statement, Balance Sheet and the Statement of Cash Flows.

The Income Statement would typically have the following line items: Sales Revenue; Cost of Goods Sold (COGS); Sales, General and Administrative Expenses (SG Research and Development Expenses (R Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA); Depreciation and Amortization Expense (D Interest Expense; Earnings Before Taxes (EBT); Income Tax Expense; Net Profit (Net Income).

The Balance Sheet in the financial modelling context will consist of the following line items: Current Items (Cash, Investments, Accounts Receivable, Deferred Taxes, Prepaid Expenses, Inventory); Fixed Assets – mainly Property, Plant and Equipment (PP&E) net of Accumulated Depreciation; Current Liabilities (Short-term Borrowings, Current Portion of Long-term Debt, Accounts Payable, Accrued Expenses); Long-term Liabilities mostly Long-term Debt and Pensions; Shareholders’ Equity typically consisting of Common Stock, Treasury Stock and Retained Earnings.

The Cash Flow Statement acts as an indicator of sources and uses of cash. In a typical model it consists of the three main parts: Cash Flows from Operating Activities, Cash Flows From Financing Activities and Cash Flows From Investing Activities. Every year-to-year change in the model’s Balance Sheet is reflected on the Cash Flow Statement.

No Down, Little And Low Down On Used Semi Trucks, Big Rig And Over The Road Trucks, Special Financing Program

In todays used semi truck, big rig and over the road trucks market, there are special financing programs that require no money, little and low money down to commence a financing arrangement. This one special program is in the South East part of the U.S and will do this for qualified applicants for a $500 documentation fee

Here are the requirements below for the semi truck financing program..

1) Minimum Credit Scores start as low as 550 however the higher the better to qualify for this program
2) A signed and dated lease application
3) Summary page of your last three months personal and/or business bank statements
The more money showed in the account at the end of each month the better
4) A hauling reference showing who you will lease on to or proof a good solid contract to prove income
5) No outstanding child support issues on the credit report
6) If there is a bankruptcy, it should have discharged three years or longer and proof of re-estabishing credit
7) Home ownership is a plus but not mandatory
8 ) No way of line debt ratios and/or line items on the credit that will cause a problem
9) No outstanding tax liens..

This dealer/lender has over 200 semi trucks, big rigs and over the road trucks for sale. These semi trucks are ready to go and the process to get approved is fast. Prior years tax returns are not usually required but a working spouse can only help support the income base to assume new debt.

The semi trucks that the qualified dealer has are from 1999 to 2008 and include Peterbilts, Kenworths, Freightliners, Volvos, Macks and Internationals..

The dealer/lender will work with startups and understands that each situation stands upon its own merit with its own story
If you are interested, contact me at 800-760-6863 or email me at

In addition, this dealer/ lender has over 100 trailers as well to go with the semis..These trailers include reefers, dry vans, low boys, drop deck, end and bottom dump, and other various trailer models.

If you don’t qualify for this special financing, other dealer truck programs are still available to you. We even have a no credit check program that starts with a down payment with a special easy lease application… Call for the Details….

Happy hunting for your semi, big rig and over the road truck financing.

Is Finance Leading You A Dance

First, lets really understand what a financial plan is. It is, very simply, a series of steps followed by an individual or business, the progressive and cumulative attainment of which are designed to accomplish a financial goal or set of circumstances for example, elimination of debt, retirement preparedness etc. This often includes a budget which organizes an individuals finances and sometimes includes a series of steps or specific goals for spending and saving future income. This plan allocates future income to various types of expenses, such as rent or utilities, and also reserves some income for short-term and long-term savings.
Financial planning is not as difficult as it may seem, and it is not the exclusive preserve of the number crunchers. The cartoonist Scott
Adams, creator the Dilbert comic strip, is a case in point. He has a degree in economics, an MBA and has worked in a bank (talk of left and right brains coming together!). He sugar-coats sound financial advice with humour so it becomes easier to swallow.
Adams says he wanted to write a book on Everything you need to know about investing but found that all he wanted to say could be said in just one page. These are his exact words:

Make a will.
Pay off your credit card balance
Get term insurance if you have a family to support
Fund your companys 401K (the equivalent for us: PF)
Fund your IRA to the maximum (the equivalent for us: investment available under Sec 80C and now you can add RGESS)
Put six months expenses in a money market account
Take whatever money is left over and invest 70% in a stock index fund and 30% in a bond fund through any brokerage company and never touch it till retirement (this is precisely what balanced funds offer us in India)
If any of this confuses you, or you have something special going on (retirement, college planning, tax issue), he goes on to say, hire a fee-based financial planner, not one who charges a percentage of your portfolio.

Everything else you might want to do with your money, Scott concludes, is a bad idea compared to whats on my one-page summary. Sound advice.

Financial planning is, after all, not so very different from business planning. You have to make an honest assessment of your resources and liabilities; set goals; create a plan; execute it diligently ; monitor your plan and do a re-assessment if the situation demands it. Besides, business plans and financial plans are closely inter-linked. You cant make a business plan without a good financial plan backing it.
By the way, good financial planning is closer home than one might think. In fact, it can be found at home without the fee one might need to pay a financial planner. Who better than the home-maker to work to a budget, find innovative ways to make it stretch? Recognise the CEO and CFO in your home? And she works pro bono (except may be for a Divali bonus to spend at the jewellers).

Importance Of Senior Citizens Care & Assistance

Seniors have it more difficult than other groups. While young people may suffer financially, they can at least get a job. For a senior, jobs are often out of the question. You basically have to live on what you have and that it.

Every health facility wants to hire nurses with a certified degree no matter for which nursing jobs they are applying for. Nursing assistant jobs are not very difficult to find in the US because their demand has increased considerably in the past decade. All you have to do is decide what exactly you want to do and you can apply for a course which at the most takes one or two years.

Studies have shown that seniors those are helped or get senior citizens assistance are happier and live longer than others who live alone or with estranged families. It is a simple truth that when you have attentive care and pleasant company you tend to overcome the pitfalls of aging more successfully.

For those who have been independent most of their lives the idea of assisted living and senior citizens assistance may take some getting used to but there is a far greater alternative that can give the senior more of an outlet to enjoy their lives while still maintaining their independence with a little help.

As we age, the tasks associated with daily living become more onerous. This has resulted in the creation of a variety of living options for seniors that reduce some of that burden. Assisted living is one such option, one that is becoming very popular these days.

These senior citizens assistance communities typically offer meal service, housekeeping, social activities, medication assistance, and transportation for medical appointments and other pleasure trips for seniors.

Many senior citizens or people with disabilities or injuries make use of assisted technology-tools, products, or kinds of equipment that help people perform tasks and activities.

An assisted living facility needs to be considered when an elder loved one is unable to take care of themselves in their activities of daily living (ADLs). A nursing home is a practical option when other attempts to safely maintain your elder loved one at home have been exhausted.

One of the benefits of AL is that it takes care of many of the needs of seniors, while still giving them a sense of freedom. They help prepare meals, assist with medication dispensing, do periodic housekeeping, and even help manage the finances of the elderly.

Aging is not fun for anyone, but you can make the process better and help senior citizens by planning for providing senior citizens assistance and donate to senior citizens.

How to Watch British TV Online from Abroad

The internet makes a huge difference to my life when travelling and I am sure for everybody else who needs to work away from home a lot. Nonetheless there’s one little difficulty that used to cause me lots of difficulties – the undeniable fact that a number of websites block access from non-UK places. This implies that for example – by worse, and default I can’t access my home banking account from outside the UK can not watch any UK TV channels online./p>

The reason is because a system called geo location is now used by thousands of sites. This looks up your place based on your IP address when you connect. This really is subsequently used to determine what you can really access to the site. There are a number of reasons largely it is due to licensing restrictions for media websites like the BBC and ITV, bank sites obstruct international logins largely to avoid fraud. There are a lot of motives that are different but it’s quite annoying becoming blocked from most of the sites you want to access when far from home.

Of course in many states it’s not even better, lots of authorities really block entry to several sites also. So you can get the listing of inaccessible websites get’s extremely rather extensive particularly in certain nations – Turkey filters loads of internet sites.

The trick that many people have discovered is to conceal your actual place by masking your IP address. It’s sounds tricky but it is quite simple to do by employing a proxy or VPN service that you can find online. You can then control your digital place – a UK VPN may make you seem to be in the UK. This implies that you may get any web site or media that’s usually UK just. What is more some of the more sophisticated services like this enable you to change place very easily.

It enables you to get websites irrespective of where you happen to be which you really want and supplies you control. A VPN is suggested for individuals who need to get secure sites when travelling as they’re able to shield your usernames and passwords when using sure wifi connections in cafes, hotels and hotspots.

Have you ever been blocked from getting a web site because you’re in the wrong nation? Well this video shows you just how to get the most popular websites such as the BBC, ITV, HULU and a lot more of the world irrespective of where you reside. Check this YouTube Video out.

Watching BBC iPlayer Abroad, British TV Anywhere

How To Obtain Finance For Building Your Dream Home

It is a dream for owner-builders to build their very own new home. There is no greater satisfaction for owner-builders than to admire their new home. Building a new home requires great amount of work and money. Often owner-builders spend their money on the following things:

Excavating their land; and
Pouring the slab.

It is only after they have completed the above-mentioned work they realise that:

They have run out of their own funds;
They have no money left to finish building their new dream home; and
They require finance for completing the project.

Can Owner-Builders experience Problems while getting Finance?

The short answer is yes. Owner-builders often realise that:

Many banks do not like to lend to owner-builders, and if they do, they will usually lend around 50-60% of the value of the land plus costs (This is often not enough to cover the construction of their new dream home);

They are often being loaned money by the banks for something that does not yet exist; and

They need to convince the banks that they can get the job done on time, and within budget.

To avoid financial problems, you must prepare beforehand and start working on getting owner-builder construction finance.

Quick Information

Here is a list of things that you need to consider and which can be helpful to you as an owner-builder:

For an Owner-Builder Project:

Funds are usually advanced in five progress stages;

Lenders/credit providers will only pay out once each stage has been fully completed; and

Before a stage is paid out, a valuer needs to sign-off on each completion stage.

As an Owner-Builder You will be required to:

Pay a deposit, when you order the materials. This means you will require a large percentage of your budget (sometimes 50%) at the start of your building project.

Preparing your Building Project Documents

You should approach the building project in the same way as a building contractor would. This means preparing:

Your professional “plans” and “specifications”;

A detailed and accurate building “cost estimate”; and

A proposed “construction schedule”.

So, before you start excavating your land and pouring the slab, make sure you have your dream home completely designed, built and paid for, on paper.

Seek Expert Advice

Being an owner-builder can be (and often is) a wonderful and satisfying experience that can save you money and will result in building your dream home. But, when things go wrong, it can take an immediate toll on your finances.

So, get expert advice right from the start. Employ the services of a finance broker who specialises in owner-builder finance, and who knows exactly how to help you.

How To Become A Successful Financial Service Professional Or Research Analyst

In todays world, more and more companies are on the look out to employ financial consultants to effectively meet the accounting/investing needs of their corporation. Hence, job opportunities for a financial consultant are significantly on the rise. By becoming a financial advisor, one can set foot into the exceedingly dynamic sector of financial management and planning.

In the domain of financial management and planning one can find jobs such as a :-

Financial service provider

Research analyst

Financial consultant

Whilst hiring a the following skills and capabilities are sought after by the employers-

In the highly dynamic field of financial management and planning a professional must have the ability to attend to detail, organise and handle multiple tasks together.

The capability to find out the logic behind a problem or situation is a must for financial consultants.

An upcoming financial advisor must be competent in the monitoring of securities, trading of money and analysing of the stock market. A Financial service professional must have the ability to recognise trends in the stock market and generalise from it, rationalise the reason behind the trends and predict the time period of these trends. This process is beneficial for both corporate and personal investors to make informed decisions.

A vital aspect of the domain of  financial services  is to help customers understand the market and to make secure and precise predictions. It is to be noted that making predictions about future trends is often indistinct and at times can be risky. But the skill of a good financial service professional is that he has the ability to foresee significant features of the market and has a good overall perception of issues that are likely to affect this market.

Assisting private investors is a major part of the work profile of a financial service professional. Hence the financial professional is expected to have specialised knowledge of tax laws, alterations that are probable to take place to the existing tax laws and influence of these changes on estate planning / investment.

A good understanding about investments/insurances/complexity of the stock market is a vital skill which is required in order to be a successful financial service professional.

Good communication skill is also another crucial factor for becoming a proficient finance professional.

The  qualifications required  to work as Financial Service Professional is a Bachelor’s Degree in Business Administration or Economics or similar. Additional knowledge of global markets and corporate finance, in-depth know how of economics and analysis of risk, trading in the forex market and commodities market is an added benefit.

These are the basic skills you ought to possess for exploring your opportunities in the wide arena of Financial Management and Planning and becoming a Financial Services Professional.

Home Automation System Puts Control in Your Hands

Would you like control at your fingertips? With home automation, it can be yours.

It was an exciting day in America when remote controls were first invented. You could turn your television on from your easy chair even though there were only a handful of channels. Progress has marched on over the years, with remote controls becoming commonplace for all kinds of toys and electronics. Entertainment and Lighting

Many people, in fact, bought storage devices to hold all of their controls – for the TV, the VCR, the DVD player, the cable and even the stereo system. With a home automation system, all your controls are in one spot – online. You can access the controls from a Smartphone, tablet, labtop or computer. And home automation is not just for your entertainment systems, but for many other functions, including lighting and temperature control.

Is it too bright? Too dark? You might have dimmer switches installed, but who wants to constantly get up to adjust them? With a home automation system, you can control the light in any and all rooms of your home, or even in predetermined -zones,- all from one spot. External lighting is also easily controllable. Part of controlling your home’s light includes regulating the amount of natural light allowed into the room. Blinds and drapes can both be controlled remotely, adjusting not just for light, but for privacy. These functions can be programmed into your automation system as well, helping you to wake up and get to sleep on time.

Climate and Security

Just as important as lighting control is climate control. Programmable thermostats help keep the temperature steady and save money, but a home automation system allows you to control the temperature in each individual room, thereby saving more money, and energy too. As you control the amount of sunlight allowed into each room, so you can control the amount of heat or air conditioning. Your home’s security system also can be configured into your home automation system. You can lock any of your entry doors or your garage door remotely, or you can program them to lock and unlock themselves at a certain time each day.


If you have surveillance cameras to protect your property when you are away from home, these too can be controlled remotely. You can change settings or view recorded video not just with your control device at home, but with any mobile device. Concerned about whether the gardener came to water the lawn or whether your teen is having company while you are out? Simply log on with your smartphone and view the footage of who is coming and going on your property.

These practical uses, plus the ability to stream different music or movies into any room in the house, are all possible with a home automation device. Save yourself time and money by programming and controlling your electronics with the touch of a button. TYM Homes of Salt Lake City, Utah, can help you automate your home’s functions, and bring you control you want at the touch of a button!

Guaranteed Car Finance In Australia

Loads of websites treating about car finance promise you guaranteed car finance, guarantee car finance may be easy, but guarantee a competitive rate and reliable car loan may not. So to get a good car finance option for you next car purchase, you must take your time, figure out how much you can afford and apply on line for a car loan or a pre approved loan tailored for you.

How much can you afford?

The first thing you have to worry about is to work out the details of your car finance, if you come to a car loan lenders asking for an enormous finance telling them you will pay back a big amount each and every weeks, you wont have any finance. The bigger amount you want to borrow, the less chance you will have of getting approved. So first of all, choose a reasonably priced vehicle, so you will have to lend far less money and as consequence you will improve your chance of getting approved for car loan.

How Much I am going to pay every week?
Second of all you have to choose a cheap repayment option. Define how much you are currently earning each weeks and how much you are currently spending per weeks. The difference of these two is a good indicator of what will be you repayment plan. Knowing your budget and sticking to it gives you better chance of being approved by lenders. If you have some savings to go towards you new vehicle, use it as a deposit because the more money you put as a deposit, the more chance you have of getting an approval for a finance.

Have a look around on the internet?
Your greatest possibility of finding yourself guaranteed car loan is to build up a good credit rating, but dont worries if this isnt the case, you can still get approved throughout online brokers. Internet companies give you access to loads of different financial options (Bad Credit Finance, Bad Credit Loan), even if you have a few credit impaired or if it is your first time loan. The best thing to do is to apply to a secured car loan to have success in your approval. So, your purchase works as collateral and you give to the loaners more guaranties and less risk about your repayments. This way the lender wont hesitate to approve you for car finance. On line companies applications are reasonably quick and easy, so you can submit an application while you are sitting at home.

And finally…

Before applying, make sure you know which type of car loan will give you the best chance of getting approved, In accordance to your current condition, try to decrease your outgoings, to increase your earns, make habitual payments into your savings account to prove to the broker that you are financially trustworthy. You have to be prepared to get approved for a car loan or a car finance in Australia even if you are applying on line. So make sure you have personal details, proof of income, employment details and any other documents to prove that you can save cash and make trustworthy repayments. After that, Sit down and wait for your approval or pre approval to go shopping with confidence.

Financial Statistics On Happinet Corporation – Company Capsule

Financial Statistics on Happinet Corporation – Company Capsule glad to promote “Financial Statistics on Happinet Corporation – Company Capsule” gives a crucial resource for industry executives and anyone looking to access key information.

Consumer Packaged Goods’s “Happinet Corporation – Company Capsule” contains in depth information and data about the company and its operations. The profile contains a company overview, key facts, major products and services, financial ratios, key competitors, financial analysis as well as key employees


Consumer Packaged Goods’s “Happinet Corporation – Company Capsule” is a crucial resource for industry executives and anyone looking to access key information about “Happinet Corporation”

Consumer Packaged Goods’s “Happinet Corporation – Company Capsule” utilizes a wide range of primary and secondary sources, which are analyzed and presented in a consistent and easily accessible format. Consumer Packaged Goods strictly follows a standardized research methodology to ensure high levels of data quality and these characteristics guarantee a unique report.


Identifies crucial company information about “Happinet Corporation” along with major products and services for business intelligence requirements.
Provides analysis on financial ratios.
Identifies key employees to assist with key business decisions.
Provides annual and interim financial ratios.


Enhance your understanding of “Happinet Corporation”
Increase business/sales activities by understanding customers businesses better.
Recognize potential partnerships and suppliers.
Qualify prospective partners, affiliates or suppliers.
Acquire up-to-date company information and an understanding of the companys financial health.

Key Highlights

Happinet Corporation (Happinet Corporation) is a toys, audio-visual software and video games manufacturer and retailer of based in Japan. The company is involved in selling toys and playthings, and manufacturing character products. It also develops, produces and sells audio-visual software and video game software and hardware products. The company is a member of The BANDAI NAMCO Group. Its subsidiaries include Happinet Marketing Corporation, Happinet Pictuers & Music Corporation and Happinet Vending Service Corporation among others. The company was incorporated in the year 1969. Happinet Corporation is headquartered in Tokyo, Japan.

Table of Contents

1 Business Analysis
1.1 Company Overview
1.2 Major Products and Services
2 Analysis of Key Performance Indicators
2.1 Five Year Snapshot: Overview of Financial and Operational Performance Indicators
2.2 Key Financial Performance Indicators
2.2.1 Revenue and Operating Profit
2.2.2 Asset and Liabilities
2.2.3 Operational Efficiency
2.2.4 Solvency
2.2.5 Valuation
2.3 Key Competitors
3 Key Employees
4 Appendix
4.1 Methodology
4.2 Ratio Definitions
4.3 Disclaimer

List of Tables

Table 1: Major Products and Services
Table 2: Key Ratios – Annual
Table 3: Key Ratios – Interim
Table 4: Key Capital Market Indicators
Table 5: Key Employees

List of Figures

Figure 1: Revenue and Operating Profit
Figure 2: Financial Position
Figure 3: Operational Efficiency
Figure 4: Solvency
Figure 5: Valuation

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