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Summary: For more information ...
Review: This book covers basic and advanced financial modeling; it uses Excel as a programming vehicle. Students and financial professionals who have used preliminary editions of the book love it!
For more information see my Web page (address above).
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Summary: Good for refreshing your finance concepts
Review: This book is good for refreshing your finance concepts. It simply describes how to use excel to calculate existing finance concepts and models, which should not be new to people who ever take finance courses. Not really useful for people searching for advanced financial knowledge. Some minor errors can still be found in the second edition.
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Summary: Great finance with excel integration
Review: This book is very practical in terms of its success with integrating excel skills that are used every day by finance professionals.I was very impressed with the layout of the book, which makes it an easy read--at least until you get to more advanced topics that come later in the book. I would have given a perfect rating of 5 stars if all the end of chapter answers to the questions at the end of each chapter were included with the CDROM. Instead you only get a few answers to selected end of chapter questions.
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Summary: Practical, useful, illuminating but too many errors!
Review: This book provides detailed analyses and examples, and was a great review of all the things I've learned in business school. It's also invaluable in strengthening Excel spreadsheet skills. It is so good, I wish I could rate it even higher--but the mistakes were too many to overlook! It was hard to follow the exercises when the published spreadsheets didn't reflect the inputs. Very frustrating. Still, it's a great guide to have on my bookshelf.
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Summary: Extraordinarily helpful
Review: This book--first assigned as a text in my MBA program--continues to aid me in my work. I refer to it often, and my co-workers are constantly borrowing it. The enclosed CD includes all the
models and the problem solutions. It's the best finance reference I own and the most useful finance book that I used at business school.
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Summary: Excerpted from the Journal of Finance
Review: This excellent book is a successor to Benninga's (1989)NUMERICAL TECHNIQUES IN FINANCE. Richard Roll (1990) reviewed the earlier volume in this Journal. Like its predecessor, the current book aims to show readers how to do the calculations and simulations needed to implement some commonly-used models in corporate finance and investments. The book comes with a diskette containing the spreadsheet models described in the text plus solutions to nearly all of the end-of-chapter problems. FINANCIAL MODELING is organized around the same five topics that its predecessor was: (I) Corporate Finance Models, (II) Portfolio Models, (III) Option Pricing Models, (IV) Bonds and Duration and (V) Technical Considerations. Although the list of topics is the same, Financial Modeling represents a substantial expansion in text. Numerical Techniques weighed in at a svelte 244 pages, but the current book, while still concisely written, is seventy percent longer. The additional length is partly attributable to the addition of new topics, but also to more detailed discussion of some previous topics. In particular, the current book offers considerably more guidance to the reader for setting up and manipulating the spreadsheets. Financial Modeling will also prove valuable in other uses. Instructors who choose not to use the book as a text will still find it a very useful source of ideas for constructing class exercises and examples. The spreadsheets can easily be modified and adapted to suit a wide range of variations on the topics covered in the book. More generally, given the book's emphasis on equipping the reader for realistic applications, finance professionals of many types will find this a useful reference and a source of tips for their own financial modeling problems. I highly recommend this book. My own copy of Numerical Techniques is extremely well thumbed by now, and I expect that my copy of Financial Modeling will soon be as well. Robert A. Taggart Boston College
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Summary: Great Book!!!
Review: This is a great book for any one who wants to grasp the basics of financial modelling. If you have the proper pre-requisites for this book, then, "this is all she wrote". The reviewer from Brazil should infact write his own book on Financial Modeling with the help of an editor, not an auditor!!!
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Summary: Very Good - MBA Students This Is a Must Own
Review: This is a very good book in showing the reader how to utilize and manipulate Excel for financial problem solving and modeling applications. If you are looking for a book that will show you how to build a leverage buy-out or m&a model from scratch, your expectations are way too high. What this book shows you is how to build those types of models by showing you how to model and use various Excel functions to build the various subsections of those types of complicated models and link them all together. I highly recommend this book to MBA students who are career changers and are looking to enter corporate finance or consulting careers where quantative Excel usage is part of the job. This book shows you how to get the most out of Excel, which is a very user friendly software package. The book comes with a CD-ROM which has examples as utilized in the book and homework problems which are good and can be somewhat hard which forces you to learn Excel for financial applications. If you are a quick learner and highly motivated, you will get a lot out of this book. Nothing is to be feared. It is all to be mastered. By buying this book and working out the Excel problems and exercises on my own, my confidence level with Excel and my own modeling skills has shot up. Given what I have learned from this book, i consider the price to be a bargain. This is very much a learning by doing book. You will get a lot out of it.
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Summary: An Indispensable Toolkit
Review: This is is spectacularly effective guide to basic financial modelling using Excel and VBA. Far too many financial textbooks confine themselves to theory without giving the student any guidelines on how to put what they have learned into practice - a startling omission in what is a pre-eminently practical field. Benninga has attempted to fill that gap, and he succeeds brilliantly. Using very clear language and a step-by-step approach, he teaches the reader how to actually construct for himself or herself a series of different financial models that are immediately applicable in the real world. There are sections on corporate finance (cash flow) models, basic portfolio models (CAPM applications) and a really good one on option pricing models that has saved my bacon on more than one occasion! Other sections cover topics such as fixed income and Excel/VBA issues. In conclusion, this is a very impressive text, complete with usable models on CD-ROM, that can take you from novice to mid-level quant in a few weeks!
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Summary: Excellent
Review: Very useful in my Risk management job from Seoul, Kore
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