Hey Guys,
I'm a staff accountant looking to transition into FP&A Role. I have limited financial modeling experience, so i'm looking for materials/crash courses that would help develop my financial modeling skills for FP&A role.
Your input is much appreciated!
Thanks,
bump
YouTube has plenty of free resources. If you want to pay I would suggest the Wallstreet prep course. Being an accountant I'm sure you understand the linkage between the 3 financial statements - the modeling course may help bridge the gap between your accounting knowledge and business driver based forecasting.
Every company does things differently, and personally I'm not sure it's worth your time learning to model. They will train you on their methods. What I would focus on is improving your overall excel skills/efficiency. One of the best ways to become more efficient is to memorize shortcuts so that they become second nature. This will impress people.
+1
You know the accounting, so the issue will likely be excel proficiency.
The good news is excel is a relatively user-friendly tool. However, I am in an FP&A role now and have done almost 0 actual financial modeling. By that I mean the extremely limited amount of financial projections I have made had nothing to do with valuation, so stuff like compsets, M&A multiplexes will not be helpful for you.
I'd learn DCF just for the skill of learning to project cash flows, but other than that - at least for me- it's been very accounting and accounting systems based.
FP&A Budgeting Model (Originally Posted: 04/09/2013)
Hey, anyone have an FP&A forecasting / budgeting template modeled out from the sponsor perspective? Principally just simple cost monitoring to anticipate if / when they'll (the portfolio co.) put in add. capital calls.
We have some on our file, but given that everyone loathes working portfolio projects, they're mostly half assed / busted.
Can send some templates / stuff in exchange for the trouble. Thanks.
EXTREMELY interested as well....from the sponsors or operators perspective (what are the main differences btw?)
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