Introduction to 3-Statement Modeling

The three-statement financial model is a foundational model upon which many other types of models and analyses are built. Mastering this model is an absolutely critical skill for many finance and accounting roles.

How the three core financial statements link together
Financial model-building best practices
How to build a financial projection model using a company’s historical data and various assumptions about the future performance of the company

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Corporate Finance Institute

Overview

Introduction to 3-Statement Modeling Course Overview

The three-statement financial model forms the foundation on which almost all other types of models and analyses are built, and creating one is a crucial skill for many finance professionals. In this course, we will build a three-statement model from scratch and then review and audit it to make sure it’s working properly.

3-Statement Modeling Learning Objectives

Upon completing this course, you will be able to:

How the three core financial statements link together
Financial model-building best practices
How to build a financial projection model using a company’s historical data and various assumptions about the future performance of the company
Finding the right balance between a highly complex model and an overly simplistic one
Thinking about crafting assumptions and various forecasting methods
How to review your model and audit it for potential errors

Who Should Take This Course?

This course is designed for beginner-level investment or commercial bankers, beginner-level equity or credit research analysts, corporate development professionals, and financial planning and analysis (FP&A) professionals.

Courses we recommend you take in advance

These prerequisite courses are optional, but we recommend you complete the stated prep course(s) or possess the equivalent knowledge prior to enrolling in this course:

What you'll learn

Lesson

Multimedia

Exams

Files

Qualified Assessment

This Course is Part of the Following Programs

Why stop here? Expand your skills and show your expertise with the professional certifications, specializations, and CPE credits you’re already on your way to earning.

Financial Modeling & Valuation Analyst (FMVA®) Certification

Skills Learned Financial modeling and valuation, sensitivity analysis, strategy
Career Prep Investment banking and equity research, FP&A, corporate development

Learn More

Financial Planning & Analysis (FP&A) Specialization

Skills Learned Accounting, Finance, Excel, Data Analysis, Financial Statement Analysis, Financial Modeling, Budgeting, Forecasting, Power Query, Power BI, and more.
Career Prep Financial Analyst, Project Evaluator, FP&A Manager and more

Learn More

What Our Members Say

Interesting introductory course

Good course for foundation of modeling

Naman Bhatt

Its been a great learning experience is looking foward to other causes

Its been a great journey wealth taking

REUBEN KACHEPA

Great introductury course for building forcasted 3 statement modeling

Even though it is introductory it really gives you a lot of knowledge starting from inputs, than to calculations and ending with outputs that is with charts.

Amir Imeri

Amazingly simple

Very easy-to-follow explanation and practical application.

Winston Lingga Ho

Very Informative

Even If you have a strong foundation on Accounting and Financial Statements, this course will help by refreshing your knowledge as well as give a practical model to build.

Omar Almuzaini

CFI courses is highly recommended

it teaches you the foundation needed to be excellent financial analyst. after that you need to practice and apply the knowledge

Reem AlQattan

Great intro level course

Covered modeling and accounting concepts well.

Michelle Eisenberg

Arefayen123

listen again and again take a note when you encounter new concept.

Arefayne Wodajo

The course was engaging

It exceeded my expectations on every front. It's an excellent choice for both aspiring finance professionals and those already working in the field looking to sharpen their skills. The course's well-structured content, expert instruction, and emphasis on practical application make it a standout option in the realm of corporate finance education.

IFEOMA EZERIBE

Good

Very informative course

Sheen Sara Symon

Truely insightful

CFI's FMVA courses are really engaging, very practical and enables you to hit the ground running on the job. I encourage any finance practitioner or any one who uses excel daily to take these courses

Ekome Enongene Nzoh Ngande

Wonderful Course

Wonderful course for all manager who will make analytical model.

Md Abdus Samad

Great Course

Very informative and reinforced my knowledge of 3 statement modelling.

Colm Heatley

Excellent Introduction to 3-Statement Modeling

All the information displayed is really well explained and useful for real life case. They give you really good tips about good practices to do a 3-Statments modeling.

Edwin Keff Bello

a relatively simple but great course

i think this course allows to understand a few concepts on a relatively simple example and thus prepare for the more complex courses in the topic. really useful

Gábor Tóth

Amazing Course

Straight to the point and very informative.

Mucio Batista

Consistent throughout the program

This builds a good foundation and you will continue to learn more as you go through the program. Valuable information.

Gregorio Gonzales III

Intruduction to 3-statements modeling

Perfect and interesting course . Thanks.

Ibrahim Saad Edeen Jarrar

Good Course

A good course for beginner like me.

Debasis Sengupta

3 Financial Statement Modelling

Financial modelling is an indispensable course within the realm of finance, and I highly recommend it to my fellow finance managers as a valuable pursuit in their career development.

Innocent IRAKOZE

Super educational

I really enjoyed completing this course. The materials are excellent and the exercises are so engaging. A lot of great topics to learn in this course. The explanation of the key structure for model building and the best practices for modeling is my personal favorite.

MARICEL ABOY

Wonderful course

Good Learning Experience

Waqas Muhammad Gulfam

Exciting Course

Really helpful course in understanding 3 statement modeling

Agha Muzahir Hussain

My Analysis skilled improved by 3Statment Model

My Analysis skilled improved by 3 Statment Model

Maher Hussien

Fantastic

Awesome course would recommend others

Aamir Kanchwala

Frequently Asked Questions

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What are the requirements to take the courses?

All of our certification programs are open to students and professionals in various industries and levels of experience. Our curriculum is designed to teach what you need to know from basic fundamentals to advanced practical case studies. To take the courses and complete the exercises, students will only need access to a PC and/or Mac, Microsoft Suite (2016 or newer), and a stable internet connection. Click here to view the Technical Requirements

Can I download the Excel files and financial modeling templates for the course?

Absolutely! All the files and templates needed in a course are available for download. Just look for a module that shows Downloadable Files within the course dashboard. See here for a visual guide on how to do this.

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You will have yearly access to the courses as long as you maintain an active subscription. All the courses are self-paced as well so you can take your time in learning without worrying about any deadlines. Click here to compare our available enrollment options.

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Yes, CFI is accredited by the Better Business Bureau® (BBB) to maintain training standards, the CPA Institutions in Canada, and the National Association of State Boards of Accountancy (NASBA) in the USA. Most of our courses qualify for verified CPE credits for CPA charter holders. Please refer to this page to view all available CPE credits.

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Students must complete all the video lessons, quizzes, and final assessments in each course. You can retake the assessments as many times as necessary until you reach an 80% passing grade. For more information on how to earn a course certificate, click HERE.

How are the exams conducted?

Students are required to complete an online assessment (Multiple choice questions, Fill-in-the-Blanks, and Excel Questions) at the end of each course. You can take the exams on your own schedule and will need to earn at least 80% to pass the course and earn your certificate of course completion. Please note that course exams can be repeated as many times as you need. Students are also required to complete the FMVA® final exam to earn their certification. How to Take a Qualified Assessment

Can I email the instructor if I have questions?

While the courses are designed mainly for self-study, we are happy to provide email assistance for general or technical support inquiries. The Full Immersion bundles include a premium email support function that allows you to communicate directly with in-house experts regarding course content. This is one of the key features that sets the Full Immersion bundle apart and makes it a worthwhile upgrade over the more affordable self-study bundle. You can compare more features in our bundles here.

Will these courses help me advance my career?

Based on hundreds of reviews from thousands of students we know how CFI courses have helped so many people advance their finance careers. Our courses are designed to be extremely practical and simulate the experience of being trained as a professional financial analyst…the ultimate way to advance your career. For real-world examples and to help delve even deeper into the course concepts, please look into our free career resources library.

Introduction to 3-Statement Modeling

Introduction to 3-Statement Modeling Course Overview

3-Statement Modeling Learning Objectives

Who Should Take This Course?

Courses we recommend you take in advance

Introduction to 3-Statement Modeling

What you'll learn

3-Statement Modeling

Modeling Best Practices

Model Framework

Model Setup and Assumptions

Forecasting Revenues Down to EBITDA

Forecasting Working Capital and PP&E

Forecasting Capital Structure

Complete the Cash Flow Statement

Review and Audit

Course Summary

Qualified Assessment

This Course is Part of the Following Programs

Financial Modeling & Valuation Analyst (FMVA®) Certification

Financial Planning & Analysis (FP&A) Specialization

What Our Members Say

Naman Bhatt

REUBEN KACHEPA

Amir Imeri

Winston Lingga Ho

Omar Almuzaini

Reem AlQattan

Michelle Eisenberg

Arefayne Wodajo

IFEOMA EZERIBE

Sheen Sara Symon

Ekome Enongene Nzoh Ngande

Md Abdus Samad

Colm Heatley

Edwin Keff Bello

Gábor Tóth

Mucio Batista

Gregorio Gonzales III

Ibrahim Saad Edeen Jarrar

Debasis Sengupta

Innocent IRAKOZE

MARICEL ABOY

Waqas Muhammad Gulfam

Agha Muzahir Hussain

Maher Hussien

Aamir Kanchwala

Frequently Asked Questions