Corporate and Project Finance Modeling: Theory and Practice (Wiley Finance)

A must read for all those who are into financial modeling. The book deals with all practical issues one faces while building financial models. I probably have all the books on Financial Modeling that are available in Amazon website. I will rate this book as one of the best. Most of the books on financial modeling talk about business valuation. One rarely finds a good book on project finance modeling (the Euromoney book is an exception). This book fills the void and in one book, you get the fundaments of both corporate and project finance modeling. In addition, the author describes some useful macros that will save lot of your time.

This book is great. Author gives a lot of inside tips that you would only learn on the job. Its an easy read and not too technical. I would suggest to watch the numerous youtube videos as well that are found on the authors site.

Gook book. clearly layed out, however you do need some fundamental knowledge

I bought this book before working for a project financed business, but also have a background in corporate FP&A and feel comfortable commenting on those pieces as well. There are several nice tips and tricks that you can pick up in this book to help with financial modelling: - How to structure model timelines (e.g., to support history vs. forecast, phases of project financing, etc.); - How to set up cash waterfalls; - How to merge historical information with future information. Two big downsides prevent a higher rating: - As discussed in other reviews, the notes in the Excel models are creepy. Wiley should really force an edit to these if they haven't already. - The author uses a non-standard VBA-based method to implement unavoidable circular logic in models (e.g., Debt Service Reserve Accounts, interest based on average debt balances, etc). Most professional models have standardized on the "circuit breaker" approach (i.e., a named range with a 1/0 that is referenced within any interest or debt reserve accounts, allowing someone to turn off circular logic as needed to repair iterative calculations). If the reader cares about building models that will be recognizable to others in the field, I'd suggest the reader implement via iteration and circuit breakers any of the iterative formulas the author implements in VBA.

I ordered this book to learn project finance. The author is clearly knowledgeable but, for whatever reason, he decided to just randomly jump back and forth between corporate and project financial modeling techniques making it very difficult to focus on one or the other. That might not be terrible by itself but he compounds the problem by referencing comparative differences between Corporate and Project modeling so you are basically forced to read everything to follow along. I had wrongly assumed there would be a section focused soley on PF modeling and I could ignore the other parts. Under what circumstances you'd be trying to learn both at the same time, or compare the two methodologies, is lost on me but maybe that just means I'm not the target audience. Additionally, he seems to just ramble on over the 500+ pages with little flow or actionable practice. I'm shocked his editor let this go out this way. I gave it 2-Stars instead of 1 because I could see this book being useful as a desk reference when already working on a model and attempting to solve a single issue, but as a guide for learning, I found it pretty useless. I will be returning it and searching for a more focused text.

Great job Ed. Best financial modeling reference manual I ever had.

This is the most understandable and comprehensive resource available on the subject. I have been able to immediately implement many of the concepts into my business. Highly recommended.

This book is very poorly organized and very wordy, meaning the author uses thirty words when five are sufficient. A quick example of the poor organization is in Chapter 4. The chapter is primarily dedicated to theory, and describing six different types of financial models, but for some reason in the middle of the chapter, there's a section on how to use the INDEX function. There's nothing before that section or after it that provides any context for why it's there. He also covers how to use the index function again in Chapters 15 and 24. There's several examples of this type of poor organization throughout the book. Also, the website files are creepy. In many of the documents, there's a line that says "Last Saved By:", and couple of the names populated are Monika Lewenski and Tanya Harding, along with others like it. I wont even enable any of the macros anymore. I really don't trust the source. That said, there's a couple of good ideas on how to improve your modeling, but you have to search for them, and it's probably not worth paying for the book.

Is the must have book for anyone who is interested or involved in one way or another in the financial modeling of corporate or project finance deals. You’ll find topics that you can’t find in any other book in this category. I have learned so much from this book and wherever I go, I order one copy cause I can’t carry it with me all the time.

Vielleicht wäre ich nicht so begeistert, wenn ich das Buch gleich zu Anfang gefunden hätte, aber nachdem ich viele Aspekte der Projektfinanzierung selbst modelliert habe, und nach Lösungen für Zeitreihen und Zirkelbezüge gesucht habe, bin ich froh, endlich auf diese Tipps und detaillierten Formeln gestossen zu sein. Während man zu Excel problemlos Bücher und Webseiten findet, die Excelkniffe und gute Modellierung im allgemeinen erklären, wirft die Projektfinanzierung Fragen auf, auf die ich erst in diesem Buch Lösungen gefunden habe. Das Begleitmaterial auf der Webseite stellt auch die Dateien und Youtube Videos zur Verfügung. Arbeite mich durch Buch, Videos und Dateien durch. Am Ende hat man sein fertiges Modell; dass hatte ich bisher noch bei keiner anderen Quelle. Habe sofort begonnen, meine Modelle zu überarbeiten. Wer Modelle für Corporate Finance, Projektfinanzierung oder auch nur Business Cases in Excel macht, findet hier Ansätze mit Excelumsetzung, die viel Zeit sparen, und gleichzeitig die Transparenz der Berechnungen und die Lesbarkeit der Modelle verbessern.

Great value - you also get access to a bunch of online models to play with. The language is clear and the guy really knows his stuff

If you want a book on Financial Modeling, then this is that book. If you want just one book on Financial Modeling, then this is that book, First of all, this book is extremely practical and covers all the issues that one should know. Second, unlike other books that primarily focus on corporate finance, this book also focuses on project finance and both corporate finance and project finance modeling have been adequately discussed in this book. Finally, the book has a link to the author's website where you can get a lot of useful Excel add-ins and macros to make you more efficient and effective.

Nice book