Chances are that if you are even thinking about financial modeling you have at least a basic understanding of excel and accounting. If that is the case, this book will prove to be almost completely useless. The modeling examples used within the book are so simplistic that if you have had half a semester in an accounting class you will have a more indepth understanding than what the book provides. Financial valuation is almost non existant as is sensitivity analysis, with each getting a short token chapter. The use of excel is at such a beginner level that I feel as if I did more indepth work with excel attempting to figure out my student loan payments. I have read the book from front to back and feel as if it has provided me with no useful manner in which to conduct any sort of modeling other than in an imaginary world where companies only sell one product, have almost no expenses, collect all their recievables within the next pay period and other such ludicrious assumptions. In addition there are several errors in the examples provided in the book. These made me chuckle since anyone who could catch them would not need the book and anyone who actually needs the book for its rudimentary "guidance" would be left bewildered and confused as to why they got the answers wrong.

Absolutely superb. Well written, concise, the accompanying CD makes it absolutely simple to prepare financial models.

Can't recommend it enough.