Financial Modeling is a tool that operates on spreadsheets, preferably MS Excel. This tool is the best way to track an entity's revenue and expenditure over a period of time. It broadly refers to the various financial statements of an entity like Profit & Loss Statement, Balance Sheet, Income & Expenditure Statement, Cash Flow Statement, etc.
Financial reports are very important for decision-making like raising capital, acquiring fixed assets, forecasting the revenue and profits, or the valuation of a business. Almost every business of every industry needs such a financial model to make wise financial and business decisions. These reports influence the decisions of every stakeholder from the customers of the business to the shareholders of the company. Wall Street Mojo covers the entire scope of Financial Modeling that will make you an expert in this field.
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