I used WSP. It sucks dyck, especially considering how much you pay for it. The only reason it is used is that people who purchase it get a nice chunk of change for each person that uses their referral code for the 15% discount. So all those fuckos that heap praise on the product only do so in order to induce someone to use their referral code.
Here is the introductory paragraph to the Sengupta book. http://media.wiley.com/product_data/excerpt/86/04712676/0471267686.pdf I just ordered it before I saw this thread. Good to know it’s gotten some recommendations.
Does this book come with a CD to assist you in building the models(give an example), or does the book just describe it you and you build it?
Acording to their descriptions on Amazon, both Benninga and Sengupta come with CDs.
I went to amazon to checkout Sengupta, but apparently it’s going to be released Nov 2009. Where do you guys bought the previous edition copy anyway? Edit: whoops, never mind. Found the previous edition.
I’m predominately interested in learning Excel better (I’m an intermediate level now) and learning VBA from scratch, but my job does not entail any financial modelling, I’m sorry to say. Originally I was tempted to get a Wackenbach book and learn that route, however, by reading all your posts, I’m leaning towards the Sengupta book, as then I’ll learn the same stuff, but from a business perspective. I’m tempted to get the book linked below- can a few of you confirm that this book is what I’m looking for? Thanks! http://www.chapters.indigo.ca/books/Financial-Modeling-Using-Excel-VBA-Chandan-Sengupta/9780471267683-item.html?ref=Search+Books:+%27Chandan+Sengupta%27
Looks like a good read, something that book may not cover…remember to hide tabs and utilize white text in your models.
Buy from amazon.ca cheaper @purealpha: haha!
Looking at getting the Sengupta book after reading the intro… Looks a little more user friendly then benninga. Has anyone gone thought this book?
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Whoops I meant just ordered Benninga… Anyone else going thru this currently and have any tips?
No tips, but I am going through Benninga and I like it. It’s more about financial concepts and less about the mechanics of modelling than I expected, but that’s good. The financial concepts are stuff I’m familiar with (mostly from the CFA program, like the accounting stuff mostly familiar from level II) or that otherwise make sense and since all the spreadsheets are included it should be easy to play around with them/figure them out. I am just reading through it right now, at some point I’ll need to actually dig into the spreadsheets/Excel, which I have little experience with. I am only partway through it, but my impression so far is that much of modelling must be much easier than I thought (though obviously it’s very detail-oriented and there can be a lot of moving parts).
If all else fails, overwrite A so it balances with L + E. My friend actually suggested this in a WSP class when the teacher asked, “how do you check if your pro-forma balance sheet isn’t balancing?”