Building A Financial Model for Fundraising & Operations
ABOUT THIS CLASS
Models mean different things to different people, but they are basically a simplified representation of a system built to support predictions and/or decision making. In this class, we’ll talk about first steps in building a model, how to define the purpose/use of the model, and how to determine what business questions you’re trying to solve. The class will be hands-on and students will work in groups to build several different types of models, which we will review as a class.
-Understand in which situations a model will be a helpful tool to support decision making -Quickly build a basic model (financial or otherwise) using a simple 6 step process that ensures you “build it right” the first time -Apply model building “best practices” to reduce errors and improve usability of model -Understand and leverage models to apply basic analysis techniques (e.g., break even analysis, growth rate calculations, simple scenario analysis)
PREREQS & PREPARATION
Comfort with basic excel commands: “if” statements, copy and paste, addition, subtraction. If you need to brush up on Excel “if” statements, check out this article: http://office.microsoft.com/en-us/excel-help/if-HP005209118.aspx
Learn More: Building A Financial Model for Fundraising and Operations