Financial Modeling ─ With a Section on Visual Basics for Applications

Financial Modeling is now the standard text for explaining theimplementation of financial models in Excel. This long-awaited fourth edition maintains the"cookbook" features and Excel dependence that have made the previous editions so popular.As in previous editions, basic and advanced models in the areas of corporate finance, portfoliomanagement, options, and bonds are explained with detailed Excel spreadsheets. Sections on technicalaspects of Excel and on the use of Visual Basic for Applications (VBA) round out the book to makeFinancial Modeling a complete guide for the financialmodeler.

The new edition of Financial Modeling includes anumber of innovations. A new section explains the principles of Monte Carlo methods and theirapplication to portfolio management and exotic option valuation. A new chapter discusses termstructure modeling, with special emphasis on the Nelson-Siegel model. The discussion of corporatevaluation using pro forma models has been rounded out with the introduction of a new, simple modelfor corporate valuation based on accounting data and a minimal number of valuation parameters.

Praise for earlier editions "FinancialModeling belongs on the desk of every finance professional. Its no-nonsense, hands-onapproach makes it an indispensable tool." -- Hal R. Varian, Dean, School of InformationManagement and Systems, University of California, Berkeley

"Financial Modeling is highly recommended to readers who are interested in anintroduction to basic, traditional approaches to financial modeling and analysis, as well as tothose who want to learn more about applying spreadsheet software to financial analysis." -- EdwardWeiss, Journal of Computational Intelligence inFinance

"Benninga has a clear writing style and uses numerousillustrations, which make this book one of the best texts on using Excel for finance that I'veseen." -- Ed McCarthy, Ticker Magazine

Simon Benninga is Professor of Finance and Director of the Sofaer International MBA program at the Faculty of Management at Tel-Aviv University. For many years he was a Visiting Professor at the Wharton School of the University of Pennsylvania.