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Course Overview
This Junior Financial Analyst course provides participants with the foundational Excel skills and financial knowledge needed to understand financial statements, set up basic financial models, perform simple forecasting, and support financial analysis tasks. It is designed to equip individuals for entry-level analyst roles where understanding and building basic financial models in Excel is required.
Learning Outcomes
By the end of the Junior Financial Analyst course, participants will be able to:
- Apply Excel best practices and essential functions for financial modeling.
- Understand and structure the three core financial statements (IS, BS, CF) in Excel using historical data.
- Build simple supporting schedules (Revenue, Assets, Debt) based on basic assumptions and drivers.
- Construct a basic forecasted Income Statement and Balance Sheet, ensuring key linkages and balancing.
- Set up a simple Cash Flow Statement using the indirect method, reconciling cash balances.
- Implement basic model formatting, error checks, and clearly document assumptions.
Curriculum
Module 1: Financial Modeling & Excel Fundamentals Setup
Module 2: Setting Up Historical Financial Statements in Excel
Module 3: Setting Up Basic Forecasting Schedules
Module 4: Building a Basic Forecasted Income Statement & Balance Sheet
Module 5: Setting Up a Basic Cash Flow Statement
Module 6: Introduction to Model Review & Formatting
Module 1: Financial Modeling & Excel Fundamentals Setup
Purpose and Types of Financial Models
Core Excel Best Practices for Modeling: Formatting, Structure, Clarity
Essential Excel Functions: SUM, AVERAGE, IF, SUMIF/SUMIFS, Basic Arithmetic
Key Data Tools: Sorting, Filtering, Basic Data Validation
Understanding the 3 Core Financial Statements: Income Statement (IS), Balance Sheet (BS), Cash Flow Statement (CF)
Basic Linkages Between Financial Statements
Module 2: Setting Up Historical Financial Statements in Excel
Inputting and Structuring Historical IS and BS Data
Calculating Key Historical Ratios: Growth Rates, Basic Margins (Gross, Operating)
Ensuring the Historical Balance Sheet Balances
Setting up Basic Error Checks (e.g., BS Check)
Module 3: Setting Up Basic Forecasting Schedules
Understanding Forecasting Drivers and Assumptions
Building Simple Supporting Schedules:
Basic Revenue Forecast (e.g., simple growth rate)
Basic Fixed Asset Schedule (Straight-line depreciation)
Simple Debt Schedule (Basic interest calculation)
Using Lookup Functions (VLOOKUP, INDEX/MATCH) to pull data
Module 4: Building a Basic Forecasted Income Statement & Balance Sheet
Projecting IS Line Items: Linking to Schedules, Historical Trends, Simple Drivers
Projecting BS Items: Linking to Schedules, IS (Net Income to Equity), Working Capital basics
Ensuring the Forecasted Balance Sheet Balances (The "Plug" - often Cash or Debt)
Module 5: Setting Up a Basic Cash Flow Statement
Structure of the Cash Flow Statement: Operating, Investing, Financing Activities
Building a Simple CF Statement (Indirect Method):
Starting with Net Income
Adjusting for Non-Cash Items (Depreciation)
Incorporating Changes in Working Capital (from BS changes)
Reflecting Investing & Financing Activities (from schedules/BS changes)
Reconciling Beginning and Ending Cash Balances
Module 6: Introduction to Model Review & Formatting
Applying Consistent Formatting: Number formats, Colors, Fonts
Importance of Clear Assumptions Sections
Implementing Basic Checks and Balances within the model
Basic Model Documentation Principles
who attends
Right For You
Participants enrolling for this programme will be required to have no prior financial modeling experience, but a basic understanding of accounting principles (debits/credits, core financial statements) is highly recommended.
Proficiency in basic Excel operations (navigation, simple formulas) is essential.
Access to a computer with Microsoft Excel installed.
Requirements:
- Individuals seeking entry-level positions in finance, accounting, or investment banking (e.g., Junior Analyst, Finance Assistant, Accounting Clerk).
- Business students or recent graduates looking to build practical financial modeling skills.
- Professionals in other fields needing a foundational understanding of financial statements and basic modeling in Excel.
- Entrepreneurs or small business owners wanting to perform basic financial forecasting.
- Career changers aiming to enter the finance or accounting fields.
Prospective applicants who do not meet the programme requirement but want to join the programme should talk to a Career Advisor.
Key Program Features
Training
The Junior Financial Analyst training approach employs hands-on learning, which imparts the skills required for specific job roles.
Internship & Projects
The Junior Financial Analyst course provides up to 4 months of internship while working on real work projects, which adds expertise and verifiable work references in the resident country.
Career Development
The Junior Financial Analyst course assists participants in securing a job through the development of a professional profile and job prospecting.
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The Schedule For This Course
Piston and Fusion offer the Course as Classroom in Lagos and Virtual Online Class in other states in Nigeria. See dates and fees for classroom and virtual online class.
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What It Will Cost
Piston and Fusion offer the Course as Classroom in Lagos and Virtual Online Class in other states in Nigeria. See dates and fees for classroom and virtual online class.
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Ready to Join the Course?
This programme is designed for executives tasked with igniting innovation within their organisations, or who seek to create innovative solutions to a major challenge.
How to Apply:
- Check the website to select a course of choice and fee.
- Pay the registration fee and tuition to P&F account domiciled at First Bank
- DETAILS Account Name: Piston & Fusion Ltd Account Number: 2015242578 Bank: First Bank of Nigeria
- Send your name, phone no, email, training location, amount paid & proof of payment to fees@pistonandfusion.org
- Complete the enrollment form ONLY AFTER PAYMENT
- CASH PAYMENTS ARE NOT ALLOWED, ALL PAYMENTS MUST BE MADE TO THE COMPANY’S ACCOUNT.
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FAQs
Frequently Asked Questions
Financial modeling is the process of creating a spreadsheet-based summary of a company's expenses and earnings to anticipate future financial performance. It involves forecasting a company's financial statements and performance based on historical data and assumptions about the future. This course covers the basics of building these models in Excel.
Not strictly required, but foundational knowledge in these areas is very helpful and often assumed in entry-level roles. The course focuses on the Excel modeling aspect.
No. Investment banking requires much more advanced modeling, valuation, and deal structuring knowledge, typically built upon these foundations.