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Notes on financial modeling, model risk, audit practice, and the craft of building Excel models that hold up. All free.
Tutorials
Featured tutorials.
Step-by-step guides curated for financial professionals.
Working Capital Calculation Methods in Project Finance Models
A practical comparison of the End Balance Approach and Movement Approach for modeling working capital in project finance, with formulas and best practices.
Comprehensive Guide to Advanced NPV Calculations in Project Finance
Master three NPV calculation methods — Discount Factor, XNPV, and NPV — for project finance models, with Excel formulas and implementation guidance.
Fixed Asset vs. IFRIC 12 – A Practical Accounting Comparison
Compare the accounting treatment of service concession arrangements under IFRIC 12 (intangible and financial asset models) versus traditional IAS 16 fixed assets.
Articles
Recent articles.
Islamic Financing in Project Finance
Explore how Islamic financing works in project finance, including murabaha structures, common terms frameworks, cash flow controls, security, and key considerations for sponsors.
Inflation & Escalation in Financial Modelling
A complete practitioner's guide to modelling price adjustments over time — from foundational concepts to advanced implementation techniques in project finance spreadsheets.
Project Finance Modelling in Excel: How to Build Models That Win Negotiations
Learn how to build negotiation-ready project finance models in Excel. Practical guidance on output-led design, cash flow logic, risk allocation, debt sculpting, auditability, and decision-focused outputs.
Leadership Blueprint in Fostering Sustainable Business Growth
Explore leadership strategies for sustainable business growth balancing economic, social, and environmental goals amid global challenges.
Insights into PPP Projects: An Interview with Legal Expert Martin Schaefer
Expert legal perspectives on structuring successful public-private partnership projects, risk allocation, concession agreements, and the future of PPPs.
Financial Modeling - Build or Adapt
A SWOT analysis exploring when to build custom financial models from scratch versus adapting existing templates, examining strengths, weaknesses, opportunities, and threats of each approach.