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Financial Modeler's Corner

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Feb 29, 2024 • 38min

Mastering SaaS Models: Derek Baker's insights on building robust SaaS models

Derek Baker shares insights on building robust SaaS models, emphasizing the importance of understanding a business for better modeling. He discusses controversial modeling issues, including circular references and AI in modeling. The podcast covers topics like the challenges of data accuracy in early-stage SaaS startups and strategies for building SaaS models. Additionally, Derek talks about dynamic arrays in financial modeling and the importance of aligning financial models with business operations.
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Feb 15, 2024 • 49min

Beyond the Numbers: Lance Rubin's Insights on AI, Power BI, and the Future of Financial Modeling

Join Lance Rubin in this engaging discussion as he shares his insights on financial modeling, the importance of Power BI, the HACK Framework, and controversial modeling issues like circular references and AI. Discover Lance's journey into modeling and his advice on tools and shortcuts in this informative episode.
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Feb 1, 2024 • 1h

Beyond the Classroom: Why Learning Excel is an Investment for your Career 

In this episode, we have another special treat for you which is part two of the Financial Modeling World Cup (FMWC) and the Microsoft Excel Collegiate Challenge (MECC). Paul attended modeling competitions in Arizona and Las Vegas watching competitors compete and talking to the commentators, spectators, and faculty, and we have brought you a few of those interviews. Listen to this episode as : Andrew Ngai shares how amazing it was to look out at the facility, the HyperX arena in Vegas, and realize that this was his hobby. The founder of FMWC, Andrew Grigolyunovich talks about how it fulfilled a dream of his to talk about that. Competitors share why learning Excel is so important for your career. The students share some of their experiences, favorite Excel formulas, and why they're such big fans of Excel and financial modeling. Quotes: “Our slogan is “Learn, Train, Compete” for the Financial Modeling World Cup.” Andrew Grigolyunovich "It was the dream come true...that was exactly the moment that the thing that I was dreaming of, probably since back in 2016." Andrew Grigolyunovich "You're able to just help each other out. So, yeah, for me, my favorite part was the collaboration, just interacting."Zach Sign up for the Advanced Financial Modeler Accreditation or FMI Fundamentals Today and receive 15% off by using the special show code ‘Podcast’. Visit www.fminstitute.com/podcast and use code Podcast to save 15% when you register. Go to https://earmarkcpe.com, download the app, take the quiz and you can receive CPE credit. Follow Andrew Ngai : LinkedIn - https://www.linkedin.com/in/andrewngai Follow Andrew Grigolyunovich : LinkedIn - https://www.linkedin.com/in/andrewgrig/ Follow Paul Wagner: LinkedIn - https://www.linkedin.com/in/phwagner/ Follow Paul: Website - https://www.thefpandaguy.com/LinkedIn - https://www.linkedin.com/in/thefpandaguy/TikTok - https://www.tiktok.com/@thefpandaguyYouTube - https://www.youtube.com/@thefpaguy8376 Follow Financial Modeler's Corner LinkedIn Page- https://www.linkedin.com/company/financial-modeler-s-corner/?viewAsMember=true Newsletter - Subscribe on LinkedIn- https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7079020077076905984 In today’s episode: (00:45) Intro; (01:34) A clip with Andrew Ngai ; (02:00) Interview with Andrew Grigolyunovich ; (11:46) Interview with Paul Wagner ; (17:12) Interview with Sarah ; (22:12 - 22:58) Validate your Financial Modeling Skills with FMI’s Accreditation Program (ad ) ; (22:59) Introduction to Students Clips Section ; (24:30) Interview with Tess Patton and Spencer Angell ; (39:57) Interview with Kameron ; (43:56) Interview with Daniel; (46:37) Interview with Mikayla & Carson ; (52:20) Clip from the Team of Utah; (58:43) Outro;
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Jan 18, 2024 • 55min

From Campus to Spreadsheet: The Microsoft Excel Collegiate Challenge Journey

Welcome to Financial Modeler's Corner (FMC) where we discuss the art and science of financial modeling with your host Paul Barnhurst. Financial Modeler's Corner is sponsored by Financial Modeling Institute (FMI) the most respected accreditation in Financial Modeling globally. In this episode, we have a special treat for you with multiple guests who attended the Microsoft Excel Collegiate Challenge (MECC). At the beginning of November, Paul had the opportunity to spend a day at the University of Arizona campus and watch these students compete and talk to commentators, spectators, competitors, and faculty, and we have brought you a few of those interviews. Listen to this episode as: Excel MVPs, Oz Du Soleil and Jon Acampora share why they attended the show, what they love about the competition, and the magic of Power QueryThe host of this competition, Prof David Brown talks about MECC.The winner, Patrick Chatain and 3rd-place finisher Benjamin Weber share their experiences.Missy and Teresa from Salve Regina University, talk about why they started with Excel as they were building out a data analytics business program.Craig Hatmaker shares everything about LAMBDA's and 5G modeling components.Quotes:    “[How does MECC benefit students in the real world] Sometimes we get sponsors to actually write cases that are based on what they do . S o it gives them real-world experience of what they would be doing, which is invaluable w hen you're interviewing for a job . ....... ” - Professor David Brown   “ [Do you feel like you're better in Excel today for having competed] When I started competing, I didn't even know what Lambda, let alone dynamic arrays and all of that was. Now I know most of them and I think those are pretty good functions with pretty good use cases. So I think that made me a much better user in Excel. ” - 3rd Place Finisher Benjamin Weber   Sign up for the Advanced Financial Modeler Accreditation or FMI Fundamentals Today and receive 15% off by using the special show code ‘Podcast’. Visit www.fminstitute.com/podcast and use code Podcast to save 15% when you register.   Go to https://earmarkcpe.com , download the app, take the quiz and you can receive CPE credit.    Follow Oz du Soleil :     YouTube - https://www.linkedin.com/in/ozdata/ LinkedIn - https://www.youtube.com/channel/UCZgOVykPoRbSZQfY9YysiRQ Follow Jon Acampora :     Website - https://www.excelcampus.com/ LinkedIn - https://www.linkedin.com/in/jonacampora Follow David Brown:     LinkedIn - https://www.linkedin.com/in/dr-david-c-brown/?trk=public_post_feed-actor-name Follow Craig Hatmaker :     LinkedIn: https://www.linkedin.com/in/craig-hatmaker-4449879/ Website: https://sites.google.com/site/beyondexcel/home YouTube: https://www.youtube.com/@CraigHatmakerBXL Building with Fast + 5G- https://www.youtube.com/watch?v=8Zl3yURsvdE&t=1s Demo using 5G Components- Intro 5G - Watch an Excel Model do something incredible using 5G methods - YouTube Gist site to download Craig Hatmakers LAMBDAs for 5G modeling- https://gist.github.com/CHatmaker   Follow Paul: Website - https://www.thefpandaguy.com/    LinkedIn - https://www.linkedin.com/in/thefpandaguy/  TikTok - https://www.tiktok.com/@thefpandaguy  YouTube - https://www.youtube.com/@thefpaguy8376     Follow Financial Modeler's Corner  LinkedIn Page- https://www.linkedin.com/company/financial-modeler-s-corner/?viewAsMember=true   Newsletter - Subscribe on LinkedIn- https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7079020077076905984     In today’s episode:   (00:43) Intro; (01:44) Interview with Oz Du Soleil and Jo n A campora ; (19:51) Everything about MECC with David Brown; (25:43 - 26:30) Validate your Financial Modeling Skills with FMI’s Accreditation Program (ad); (27:30) Interview with Benjamin Weber ; (36:34) Interview with Patrick Chat ain ; (41:28) Interview with Missy and Teresa ; (48:38) Interview with Craig Hatmaker; (54:00) Outro.             
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Jan 4, 2024 • 42min

Precision in Modeling: Sam Sivarajan’s Wisdom on Balancing Art, Science, and Decision-Making

Welcome to Financial Modeler's Corner (FMC) where we discuss the art and science of financial modeling with your host Paul Barnhurst. Financial Modeler's Corner is sponsored by Financial Modeling Institute (FMI) the most respected accreditation in Financial Modeling globally. In this episode, Paul Barnhurst is joined by Sam Sivarajan , who is a Speaker, Wealth Management Consultant, Behavioral Scientist, Stoicism Padawan, Fintech Advisor, Podcast Host, Bestselling Author and an Adventurer. He has a law degree, an MBA, a PhD in behavioral science, and has also earned a CFP.   Sam’s work is focused on how we can make  better decisions  so that we can get to  better results  – in investing, in leadership, and in our personal lives.   Listen to this episode as Sam shares:His journey working in Telecom during the tech boom.Advice on balancing the art and science of Modeling.His advice on making smart assumptions.The importance of Decision Making.How to think critically when building a model and making assumptions.Everything about his books ‘Making your money work’, ‘Uphill’ and ‘Am I Ok?’His position on controversial modeling issues, including circular references, dynamic arrays, modeling standards, AI in modeling, and more . Quotes:   “ Never forget and lose sight of why you're creating the model, and who will use it....... ” “ In my view, the model is simply a numerical representation of some prior deep-rooted strategic thinking , a nd you're bringing that to bear in that model as a representation . ”   “ A model is a simplification of reality. It isn't reality. And to remember that the model is but one tool in making key decisions. It shouldn't be the be all and end all...... ”   Sign up for the Advanced Financial Modeler Accreditation or FMI Fundamentals Today and receive 15% off by using the special show code ‘Podcast’. Visit www.fminstitute.com/podcast and use code Podcast to save 15% when you register.   Go to https://earmarkcpe.com , download the app, take the quiz and you can receive CPE credit.  Am I Ok? - https://www.amazon.co.uk/Am-Essential-Questions-Investors-Financial-ebook/dp/B0CKY6XB4K?ref_=ast_author_mpb   Uphill - https://www.amazon.co.uk/Uphill-Ancient-Science-Choices-Challenges-ebook/dp/B0BGMJX9VN?ref_=ast_author_dp&dib=eyJ2IjoiMSJ9.fVxD2IJYvz1m0ZgBXJmkb595Ei0TtF8Wjx2TMOwZWzVdTmpjGxlD9-zbKVPzvrFn.gUxmNYfh-t6jXwKbr2EqugQZ4LBWXPOLoX6DrlNEsU0&dib_tag=AUTHOR Follow Sam:     Website - https://www.samsivarajan.com/ LinkedIn - https://ca.linkedin.com/in/samsivarajan Podcast - https://www.samsivarajan.com/podcast Twitter - https://twitter.com/SamSivarajan   Sam’s books:   Making your Money Work - https://www.amazon.co.uk/Making-Your-Money-Work-Financial-ebook/dp/B0B36PDQLX?ref_=ast_author_dp&dib=eyJ2IjoiMSJ9.fVxD2IJYvz1m0ZgBXJmkb595Ei0TtF8Wjx2TMOwZWzVdTmpjGxlD9-zbKVPzvrFn.gUxmNYfh-t6jXwKbr2EqugQZ4LBWXPOLoX6DrlNEsU0&dib_tag=AUTHOR   Follow Financial Modeler's Corner  LinkedIn Page- https://www.linkedin.com/company/financial-modeler-s-corner/?viewAsMember=true   Newsletter - Subscribe on LinkedIn- https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7079020077076905984     In today’s episode:   (00:22) Intro; (00:45) Welcoming Sam; (01:01) The worst financial model Sam has ever seen ; (02:57) Sam’ s background; (04:22) Sam’s experience at Telecom; (10:27) How to balance the art of Art and Science of Modeling ; (12:27) Why is the process often more important than the actual Model? ; (17:07) Advice on Assumptions; (21:51) Sam’s technique to get better at Modeling; (22:30 - 23:15) Validate your Financial Modeling Skills with FMI’s Accreditation Program (ad); (23:21) How people think about making decisions; (24:35) How to make better decisions; (27:40) Frameworks that help with Decision Making; (31:57) Sam’s experience while writing his books - Making your Money Work, Uphill and Am I Ok?; (34:20) Rapid Fire; (37:38) Connect with Sam; (38:17) Sam’s advice on being a successful Modeler; (39:34) Paul’s Top Picks - The importance of the Thinking Process - Validating Assumptions (41:00) Outro 
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Dec 21, 2023 • 52min

Exclusive Talk: Dave Hallwood, Giles Male, and Rafaël Le Saux Explore Being a Better Financial Modeler and Financial Modeling Certifications

Welcome to Financial Modeler's Corner (FMC) where we discuss the art and science of financial modeling with your host Paul Barnhurst. Financial Modeler's Corner is sponsored by Financial Modeling Institute (FMI) the most respected accreditations in Financial Modeling globally.   In this LinkedIn Live, Paul Barnhurst is joined by three amazing Modelers, Dave Hallwood, Giles Male and Rafa ë l Le Saux.   Dave is the Group Finance Director at Aldrich Group Ltd . He is a Chartered Certified Accountant, Commercially minded with a background in Accounting and Business in SMEs Dave took the AFM last year and the CFM this year. Giles Male is a co-founder of Full Stack Modeler - an award-winning training program and community for Modelers at every level, with an opportunity to gain Full Stack Modeler accreditation. He will also be taking on a limited number of coaching clients in 2024. Giles took his AFM 2 years ago and is awaiting the result of CFM. Rafaël Le Saux is a Director and Valuation & Modeling Advisory Lead at PwC Luxembourg / LVPA Board Member. He is passionate about Valuation and Modeling disciplines and has piloted his professional path toward amassing sufficient knowledge to support clients in solving complex valuation problems across different asset classes, industries, and geographies.   Listen to this episode as the guests talk about: Their experiences in Modeling. The value of Financial Modeling Accreditation.How to improve your Financial Modeling skillsTheir position on controversial modeling issues, including circular references, dynamic arrays, modeling standards, AI in modeling, and more. Quotes:    “this job is about people, it's about talking to people, it's about giving them information instead of data”   “One of the really good things about FMI is if you have got both AFM and CFM on your CV, that’s the level of credibility that reflects what you are doing.”   "Simple is hard, complex is easy"  Sign up for the Advanced Financial Modeler Accreditation or FMI Fundamentals Today and receive 15% off by using the special show code ‘Podcast’. Visit www.fminstitute.com/podcast and use code Podcast to save 15% when you register.   Go to https://earmarkcpe.com , download the app, take the quiz and you can receive CPE credit.    Follow Dave:     LinkedIn - https://www.linkedin.com/in/david-hallwood-fcca-87270449/ Follow Giles:     LinkedIn - https://www.linkedin.com/in/giles-male-30643b15/Apply to get Coached - https://fullstackmodeller.typeform.com/to/RezB1GRA Follow Rafaël: LinkedIn - https://www.linkedin.com/in/rafael-le-saux/   Follow Paul: Website - https://www.thefpandaguy.com/    LinkedIn - https://www.linkedin.com/in/thefpandaguy/ TikTok - https://www.tiktok.com/@thefpandaguy Twitter - https://twitter.com/TheFPandAGuy YouTube - https://www.youtube.com/@thefpaguy8376    Follow Financial Modeler's Corner  LinkedIn Page- https://www.linkedin.com/company/financial-modeler-s-corner/?viewAsMember=true   Newsletter - Subscribe on LinkedIn- https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7079020077076905984    In today’s episode:   (00:22) Intro; (00:46) Background of the guests - Dave, Giles, Rapha ë l; (02:36) How did they become interested in building Financial Models?; (06:40) Rapid Fire; (14:55) What led these guys to take the FMI?; (21:45) Why are they a fan of Financial Modeling World Cup?; (23:36) How FMI helped them professionally?; (24:45 - 25:30) Validate your Financial Modeling Skills with FMI’s Accreditation Program (ad); (27:18) What makes FMI unique?; (37:36) When must someone take AFM and CFM?; (41:03) FMI as a part of regular Graduation; (46:08) Advice on being a better Financial Modeler; (49:26) Connect with Dave, Giles and Rapha ë l ; (50:40) Outro
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Dec 7, 2023 • 41min

From Classroom to Certification: Andy Temte's Unique Perspective on Financial Modeling

Welcome to Financial Modeler's Corner (FMC) where we discuss the art and science of financial modeling with your host Paul Barnhurst. Financial Modeler's Corner is sponsored by Financial Modeling Institute (FMI) the most respected accreditations in Financial Modeling globally. In this episode, Paul Barnhurst is joined by Dr. Andy Temte .   Dr. Andrew Temte, CFA, is the former CEO of Kaplan Professional and author of “Balancing Act: Teach, Coach, Mentor, Inspire,” and "The Balanced Business: Building Organizational Trust and Accountability through Smooth Workflows." He is also a board member and senior advisor at the FMI.   A thought leader on financial education and issues related to organizational health, continuous improvement, and workforce re-skilling, his articles have appeared in a number of media outlets, including Chief Executive and Chief Learning Officer.   This blend of higher education and professional education experience gives Dr. Temte a unique perspective when it comes to financial education and financial modeling   Listen to this episode as Andy shares:  His learning from the worst models he has come across.His experience reviewing financial models for acquisitions.His experience as a Member of the Board of FMI.The value of Financial Modeling Accreditation.Why he wrote his book ‘The Balancing Act’.His position on controversial modeling issues. Quotes:   “FMI is one of the only institutes that’s delivering a truly experiential credentialing process.”   “At the end of the day, modeling is about communication because you're helping communicate insights, derived from data and assumptions to drive behavior or changes or decisions. And so it's all about communicating.” Sign up for the Advanced Financial Modeler Accreditation or FMI Fundamentals Today and receive 15% off by using the special show code ‘Podcast’. Visit www.fminstitute.com/podcast and use code Podcast to save 15% when you register.   Go to https://earmarkcpe.com , download the app, take the quiz and you can receive CPE credit.    Follow Andy Temte:     LinkedIn - https://www.linkedin.com/in/atemte/ Podcast - Balancing Act Website - https://www.andrewtemte.com/   Andy’s books:   Balancing Act - https://www.amazon.com/Audible-Balancing-Act/dp/B0CFCZT4HN/ref=sr_1_2?crid=17K8UI3208G9Q&keywords=Andy+Temte&qid=1701342458&sprefix=andy+temte%2Caps%2C150&sr=8-2   The Balanced Business: Building Organizational Trust and Accountability through Smooth Workflows - https://www.amazon.com/Balanced-Business-Organizational-Accountability-.   Follow Paul: Website - https://www.thefpandaguy.com/    LinkedIn - https://www.linkedin.com/in/thefpandaguy/  Instagram - https://www.instagram.com/thefpandaguy/   TikTok - https://www.tiktok.com/@thefpandaguy  Twitter - https://twitter.com/TheFPandAGuy  YouTube - https://www.youtube.com/@thefpaguy8376     Follow Financial Modeler's Corner  LinkedIn Page- https://www.linkedin.com/company/financial-modeler-s-corner/?viewAsMember=true   Newsletter - Subscribe on LinkedIn- https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7079020077076905984     In today’s episode:   (00:22) Intro; (00:46) Welcoming Andy; (01:05) The worst financial model Andy has ever seen ; (01:52) Andy’s key learning experience from the worst financial model ; (02:45) Andy ’s background; (05:07) Andy’s journey as a professor; (07:16) Andy’s motivation to teach Finance ; (11:02) Time at Kaplan; (13:55) Andy’s views on the CFA program; (17:27 - 18:13) Validate your Financial Modeling Skills with FMI’s Accreditation Program (ad); (18:18) Andy’s experience as a Member of the Board of FMI; (20:03) Value of Financial Modeling Accreditation; (25:23) Andy’s motivation behind writing the book “The Balancing Act”; (33:17) What motivated Andy to start a Podcast?; (34:54) Rapid Fire; (37:27) Advice on being a successful Modeler; (39:32) Connect with Andy; (40:10) Outro.
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Nov 30, 2023 • 51min

Special Bonus Episode: Run the Numbers by CJ Gustafson

This week, we are bringing you another special bonus episode. This week, we are sharing a podcast that our host, Paul Barnhurst, recommends. The Run the Numbers podcast is hosted by CJ Gustafson. The podcast is designed to talk about things he wishes he knew during the early days of his career that no amount of Googling would answer. This week's Show Notes: Sebastian Duesterhoeft, partner at Lightspeed Ventures, joins CJ to talk about anything and everything start-up operators need to know about your Total Addressable Market. Request from you, the audience: We are constantly working to improve Financial Modeler’s Corner, and this week, I would like to ask for your help completing the survey about the podcast. This will help us make future episodes better for you, the listener. The survey will only take a few minutes to complete, and your response is invaluable to the team at Financial Modeler’s Corner. Link to survey: https://forms.office.com/r/K2fHfSUvFp TIMESTAMPS: (00:00) Episode Preview (00:55) SEGMENT: CJ's opening “Off the Books” monologue - the Billion Dollar outcome (02:59) Start of interview (04:38) Why is TAM so important to investors? (09:19) Is a $2B TAM not good enough? (12:06) How big is enough TAM? (13:23) Sponsor: NetSuite (14:44) Frameworks to calculate TAM (19:19) Second and third growth engines (25:18) On "maturity of the market" (28:36) On extensibility (32:27) Why your initial insertion point is crucial to your business (36:22) ServiceNow and Datadog: why these companies are shining examples of expanding their TAM (45:03) SEGMENT: Long-ass Lightning Round (48:43) SEGMENT: Rep Yo Stack - Sponsored by Tropic
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Nov 22, 2023 • 40min

How Financial Modelers build a goldilocks “Just-right” Financial Model with Brian Egger

Welcome to Financial Modeler's Corner (FMC) where we discuss the art and science of financial modeling with your host Paul Barnhurst. Financial Modeler's Corner is sponsored by Financial Modeling Institute (FMI) the most respected accreditations in Financial Modeling globally. In this episode, Paul Barnhurst is joined by Brian Egger .   Brian is the Global Head of Financial Modeling, Senior Gaming/Lodging Analyst at Bloomberg Intelligence.    He has been publishing models professionally and writing investment research since the 90s on the sell-side as a brokerage analyst. His industry focus has always been broadly centered around consumer gaming, lodging, and leisure.   Brian has also worked in player-coach roles, whether it's being a research director or team leader or his current role, head of financial modeling, and outside the realm of being a practitioner, he has experience teaching as well.   Listen to this episode as Brian shares: His experience with finding the right balance as a ModelerHis learning from the worst models he has come across.His role as the Global Head of Financial Modeling at BloombergEverything about Bloomberg’s Interactive Calculator.Trends of the Industry over the years.His thoughts on the FMI program and why continuous learning is so important.His position on controversial modeling issues, including circular references, dynamic arrays, modeling standards, AI in modeling, and more . Quotes:   “ Models should be dynamic and not static, they should be integrated and not sort of siloed pieces not speaking to each other. ”   " There's a lot of merit just to continuously reinvesting in both your skill set and your credentials, and that it's really important to never stop doing that. The FMI has created a really intriguing platform as a way to do that. ”   “ The CFA exam prepares you in many ways to be a capable securities analyst. ”    Sign up for the Advanced Financial Modeler Accreditation or FMI Fundamentals Today and receive 15% off by using the special show code ‘Podcast’. Visit www.fminstitute.com/podcast and use code Podcast to save 15% when you register.     Join Paul in Vegas for the FMI World Cup Championship from December 7, 2023 - December 9, 2023.   Sign up for the event today and receive 10% off by using the special code ‘FP&AGUY10’ .   Go to https://earmarkcpe.com, download the app, take the quiz and you can receive CPE credit.    Follow Brian Egger:     LinkedIn - https://www.linkedin.com/in/brianegger/   Brian’s article on the balance between complexity and simplicity -https://www.linkedin.com/pulse/what-level-detail-enough-financial-model-brian-egger/?trackingId=08lGH6pSQ865qLFJar2nzQ%3D%3D   Follow Paul: Website - https://www.thefpandaguy.com/   LinkedIn - https://www.linkedin.com/in/thefpandaguy/  Instagram - https://www.instagram.com/thefpandaguy/ TikTok - https://www.tiktok.com/@thefpandaguy   Twitter - https://twitter.com/TheFPandAGuy YouTube - https://www.youtube.com/@thefpaguy8376   Follow Financial Modeler's Corner  LinkedIn Page- https://www.linkedin.com/company/financial-modeler-s-corner/?viewAsMember=true   Newsletter - Subscribe on LinkedIn- https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7079020077076905984     In today’s episode:   (00:22) Intro; (00:46) Welcoming Brian; (01:02) The worst financial model Brian has ever seen ; (02:37) Brian’s key learning experience from the worst financial model ; (03:13) Brian ’s background; (05:05) Role as a Global Head of Financial Modeling at Bloomberg; (06:19) How to find the right balance while Modeling? ; (08:08) Signs that a Model is too detailed; (10:57) Signs that a Model is too simple to make decisions; (13:43 - 14:30) Validate your Financial Modeling Skills with FMI’s Accreditation Program (ad); (14:39) About Bloomberg’s Interactive Calculator; (15:58) Brian’s key learning from that Project; (20:25) Guidelines on Balance; (23:52) Brian’s thoughts on FMI; (27:44) Trends of the Industry over the years; (29:58) Rapid Fire; (34:31) Advice on being a successful Modeler; (35:23) Connect with Brian; (35:50) Paul’s Top Picks - Finding the balance between complexity and simplicity (39:32) Outro.
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Nov 9, 2023 • 41min

From Rocks to Riches: The Power of Financial Models in the Mining Industry with Emilie Williams

Welcome to Financial Modeler's Corner (FMC) where we discuss the art and science of financial modeling with your host Paul Barnhurst. Financial Modeler's Corner is sponsored by Financial Modeling Institute (FMI) the most respected accreditations in Financial Modeling globally. In this episode, Paul Barnhurst is joined by Emilie Williams.   Emilie holds a Bachelor of Engineering (B.Eng.) in Mining, a Masters degree in (M.A.Sc.), Civil Engineering, a nd has earned her Level I and II FMI modeling certifications.   She has been bridging the gap between mine engineers, operations, finance, and management for more than 15 years. She has real-world, industry experience working on mine project strategies, diagnosing, and solving for factors that lead to project delays and inefficiencies, and creating best-practice tools and models to help her clients manage their operations, costs and realize their objectives.   Listen to this episode as Emilie shares:  Her journey from mine engineer to full-time financial modelHer learnings from the worst models she has come acrossThe unique challenges of modeling in the mining industryHer experience with competing in ESPN’s most recent Excel BattleThe importance of practicing to be a better modelerHer position on controversial modeling issues, including circular references, dynamic arrays, modeling standards, AI in modeling, and more Quotes:   “ The dependencies on physical constraints are not always easy to model. ” "[Attending an FMI Course was] the first time I realized that there was actually a way to do it and actually the structure of modeling was a real thing, as opposed to, let's just stick things in our Excel spreadsheet …”   Sign up for the Advanced Financial Modeler Accreditation or FMI Fundamentals Today and receive 15% off by using the special show code ‘Podcast’. Visit www.fminstitute.com/podcast and use code Podcast to save 15% when you register.  Join Paul in Vegas for the FMI World Cup Championship from December 7, 2023 - December 9, 2023 . Sign up for the event today and receive 10% off by using the special code ‘FP&AGUY10’.Click on the link to register: Financial Modeling World Cup Go to https://earmarkcpe.com , download the app, take the quiz and you can receive CPE credit.  Follow Emilie Williams:      LinkedIn - https://www.linkedin.com/in/emilie-williams-06582761/ Website - https://cvmconsultants.ca/   Follow Paul: Website - https://www.thefpandaguy.com/    LinkedIn - https://www.linkedin.com/in/thefpandaguy/   Instagram - https://www.instagram.com/thefpandaguy/   TikTok - https://www.tiktok.com/@thefpandaguy   Twitter - https://twitter.com/TheFPandAGuy   YouTube - https://www.youtube.com/@thefpaguy8376     Follow Financial Modeler's Corner  LinkedIn Page- https://www.linkedin.com/company/financial-modeler-s-corner/?viewAsMember=true   Newsletter - Subscribe on LinkedIn- https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7079020077076905984  

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