During last one week, we had a gala time with Dashboard Week on chandoo.org. To wrap-up the week, I am sharing a list of recommended resources, websites, tutorials & ideas for making dashboards.
[Note: I will be sharing your contributions for dashboard week on Monday]
Recommended Resources on Making Dashboards:
I have broken down this post in to various sections. Click on the links to quickly access the part you want to know or just keep scrolling to get the whole thing.
- Books on Dashboards
- Websites for Learning about Dashboards
- Dashboard Training Programs
- Add-ins & Software to Make Dashboards
- Dashboard Tutorials & Downloads on Chandoo.org
Books on Dashboards
Excel Dashboards and Reports by Mike Alexander
Authored by Mike “Dick” Alexander, a specialist on Bacon, Access, Excel – this book is an excellent guide to you if you need to learn how to make excel dashboards. Mind you the book teaches you various techniques required to construct the dashboards, but the onus of putting together these ideas to come-up with jaw-dropping dashboards is on you.
Information Dashboard Design by Stephen Few
Now, what can I say about this. Stephen Few’s classic book on dashboards is an eye opener for anyone making charts or dashboard reports. Few starts the book by showing what a bad dashboard is and then moves on to tell you how visual cognition works. He later shows a couple of excellent dashboard designs. This book is a must read and refer to if you design dashboards.
Visual Display of Quantitative Information by Edward Tufte
Edward Tufte’s master piece – Visual Display of Quantitative Information is an authoritative guide on how to design charts to communicate information. He shows various examples from history and gives theoretical concepts that you can apply to any chart (or slide) you design.
Business Dashboards – Visual Catalog by Nils Rasmussen
This book, as the name suggests is a catalog of successful dashboards. Nils’ work also includes a handy guide on KPI design and 1000s of KPI examples. A good read if you design dashboards not just based on Excel but many other tools.
Balance Scorecards & Operational Dashboards using Excel by Ron Person
Ron’s book on Balance Scorecards and operational metrics & visualization is a handy guide on how to use Excel’s features to monitor your company’s performance holistically.
Excel Pivot Tables & Pivot Charts by Peter G Aitken
Anyone making dashboards using excel will have to learn how to use Pivot Tables & Pivot charts to their full potential. This book can guide you in that direction.
Excel 2007 – Power Programming by John Walkenbach
Once you set out to make a dashboard using Excel, naturally you might feel powerless but certain feature limitations in Excel. You wish you can tell Excel to do something so that you can save time and do things that are more awesome (like actually improving your business). This is when you can use John’s Excel Power Programming book. The book teaches you how to extend Excel’s capabilities using Macros & VBA.
Non-Designer’s Design Book by Robin Williams
Do not be mis-guided by the small size of this book. This book can transform your ordinary dashboards (or designs / slides etc.) in to truly world class designs. The book teaches you fundamental design concepts and a must read if your job involves visual communication – ie making presentations, excel workbooks or reports.
Websites for Learning about Dashboards
Excel Dashboards Section of our site
This section of chandoo.org site provides you valuable tips, ideas, templates, examples and other useful information on Excel dashboards.
Insightful commentary on the state of business intelligence, dashboards and charting practices.
Robert’s Site on Excel, Tableau, VBA and more
Very good examples of excel & tableau dashboards, techniques, macro code snippets and more.
Dashboard Examples & Commentary
Dashboard screen-shots, commentary and interesting links
Charting principles, commentary from Jorge
This is your bible if you want to arm twist Excel charts
Dashboard Training Programs
Excel School Dashboard Training Program
Well, I have bored you enough with Excel School already, so I will keep this short. If you wish to learn how I make my dashboards, join Excel School.
I am conducting 2 day long, intense, hands-on & practical training on Excel dashboards & data analysis in Chicago, Columbus, Washington DC in May, June 2013. If you live nearby, consider enrolling in this program to become awesome in Excel.
Add-ins & Software to Make Dashboards
Excel Sparklines Adding [highly recommended]
![Excel Sparklines Adding [highly recommended]](https://chandoo.org/img/dashboards/dw/sparklines-for-excel-snapshot.png)
Adds the capability of Micro-charts to Excel. Very powerful, extremely awesome add-in by Fabrice.
Jon Peltier’s Excel Chart Add-ins for frequently used Dashboard charts
Jon’s charting addins are a must have if you make charts like waterfall charts, panel charts, dot plots etc.
Power Pivot helps you analyze massive data and present results in instant dashboards. A free addin from Microsoft and works with Excel 2010.
Tableau Public – for visualizing data & sharing your dashboards with public
Tableau public helps you create visualizations, charts & dashboards and share them with public thru web. A very powerful data analysis and visualization platform.
Charley Kyd’s IncSight DB for making Excel Dashboards
Charley’s Dashboard maker helps you create quick dynamic dashboards using Excel.
Dashboard Tutorials & Downloads on Chandoo.org
- KPI Dashboard using Excel – 6 part tutorial
- Project Management Dashboard in Excel
- Dynamic Dashboard using Excel – 4 part tutorial
- Website Dashboard in Excel
- Sales Dashboards Examples
- Travel Website Dashboard
- Customer Service Dashboard
- Executive Review Dashboard
- Healthcare Dashboard
- Dynamic Dashboard using Excel 2010 – Pivot Tables & Slicers
- Personal Expenses & Finance Dashboards – 7 Examples
What do you recommend for someone learning about Dashboards?
The above links are what I usually rely on when it comes to dashboard education. What about you?
What books, websites, software & training programs do you recommend? Please share using comments.
PS: Links to Jon Pelteir’s Addins, Charley’s Dashboard Kit and Dashboard Books are affiliate links. It means, when you click on the links and purchase these awesome products, I get a small commission. I recommend these products because I genuinely think they are awesome. So go ahead and get your dashboards to awesome level.
62 Responses to “Introduction to Financial Modeling using Excel [Part 1 of 6]”
Oooh! Chandoo - are you looking to outperform the Altman Z-Score?
I'm all ears 😉
Many thanks, Paramdeep. Looking forward to the remaining parts of the series
Thank you Paramdeep. I look forward to following the series.
Those interested in Financial Modelling may also find this site interesting:
http://www.fimodo.com/
Hi Chandoo,
Really looking forward for this awesome financial modeling journey 🙂
All the very best..
Regards
Rohit1409
Hi Chandoo,
it seems the future is not away when we will have a new software/spreadsheet as competitor to Microsoft Office/Linux etc.......Hats Off to you..
KEEP SMILING
GURU
@apex, clarity: Thanks...
@all: I do hope that you have started creating the model for the simple case given.. Lets see, what according to you all is the best way forward. So your views on the best practices for the template for valuation?
The planning process varies depending on the project and type of data I am looking at.
If I am doing a cost impact study based on actuals, verses a cost impact study to estimate future cost, verses reviewing historical data then creating a model, verse having to review historical data, apply it to a draft model, update the model based on the draft outputs and the presentation then sometimes repeat the process a few times.
Revisions are an absolutely necessary part of corporate financial modeling especially for the presentation sections. A good presentation will be revised multiple time. There are just to many elements which cannot be planned for, especially with ad hoc reports/models.
Revisions are leading cause of errors, and time spent tracking down errors. The more complex the model the more important revision control is. I would be interested in a section on revision control and good methodologies to determine the effect of changes on models. That is without having to due detail review of the whole model over again.
Hi Paramdeep,
I can't wait for the continuation of this series. You have done a great job in making technical terms appear simple and easy to understand. This article is also very useful in our line of business, in fact i will be featuring this article in our site. Of course the credits will go out to you.
Many thanks and keep it up!
Drew
[...] Introduction to Financial Modeling [...]
[...] Introduction to Financial Modeling [...]
[...] Introduction to Financial Modeling [...]
[...] Introduction to Financial Modeling [...]
@Drew: Thanks! Hope that you found the tutorials useful. Feel free to get back with any queries.
[...] you are building financial models or any other type of excel based decision models, chances are, there will be multiple scenarios in [...]
Great information, i also want to learn financial modeling, how to learn
[...] Here is a free financial modeling course to help you get started. Spread some love,It makes you awesome! Tweet [...]
[...] Introduction to Financial Modeling [...]
[...] (if you don’t want to join Financial Modeling School, we are still friends Here is a free tutorial on excel financial modeling.) [...]
chando bhai i m tired for looking financial modeling detail but i cant find it anyway. so plz kindly send me full detail of financial modeling from beginning levelo to final. where i learn complete modeling procedure n order to become professional
You noob, you won`t become a professional like that, you need to do it on your own and learn as you go
@Nadeem Bhai,
The 6 links to the tutorial at the top of this post, build a small integrated financial model step by step. We are also running a complete 8 weeks course on financial modeling (similar to excel school). But that is almost 50% complete right now. If you want to join, you can join the next batch (probably starting in Jan/ Feb)
Feel free to get back, if you have any queries regarding the model/ steps in creating the same
[...] you do not wish to join our course, we are still cool. Here is a 6 part training on financial modeling & 2 part training on project finance. They are free, fresh and [...]
I want to learn how to build a financial model
Dear Lulama,
You can use this tutorial to learn to build a financial model. We also run a course on financial modeling and project finance modeling. The details can be obtained from:
http://chandoo.org/wp/financial-modeling/
You can consider joining that as well.
I would strongly encourage you to join the newsletter to get the updates about financial modeling and the next batch starting for the course.
I want to learn thorough excel and financial modelling thing !!! I am a chartered accountant..CAn you please suggest a detail syllabus that should be learn by me. Also suggest any classes that would cover everything in excel and financial modelling related things.. I stay in mumbai, so please suggest a class in mumbai or any books..byyee.. thanks ..
[...] Financial Modeling using Excel – 6 part tutorial [...]
Hi Vivek,
We do conduct the financial modeling course online as well as in Mumbai. We start with the basics of excel and build a completely integrated financial model in the class. For details you can look at:
http://chandoo.org/wp/financial-modeling/
or
http://www.edupristine.com/courses/financial-modeling/prisitne-fm-offering
Please describe to me various type of financial modela and demonstrate how a model can be build.
Regards,
Dear Immanuel,
This series of articles does exactly that. If you go step by step through the articles and create the excel sheets on your own, you will understand how to create an integrated financial model.
Alternatively, if you are looking for video sessions, you can consider joining our course:
http://chandoo.org/wp/financial-modeling/
It is expected to reopen somewhere in mid july.
[...] Excel Financial Modeling – 6 part tutorial [...]
Thanks Paramdeep this is great!
[...] Few months ago, we learned how to create a project valuation model in Excel as part of our series on Financial Modeling in Excel. [...]
Paramdeep Hi! A bit ignorant here, but let's ask anyway. Can I access "recorded" video sessions apart from following the step by step articles?
Thanks!
@Marius: Yes, we do have a training program with recorded video sessions. If you are interested, you can enroll for the same. The details can be obtained from: http://chandoo.org/wp/financial-modeling/
i want to know about the scope of financial modeling.i also want to know after doing financial modeling course what are the job prospect, like where i can found job so plz send me full detail of financial modeling from beginning levelo to final.
I am interested to join your Financial modelling class cos am involved in a new business. But I have a Macbook Air with Excel for Mac installed. Would that work with your program?
Dear Charsiew,
The complete training program is built using Excel 2007 with MS windows. Though there is nothing specific to Microsoft in the training. I think a few people have joined the program and are using MAC. If you write an email to me on paramdeep @ gmail.com, I can send you the email ids of those participants and you can get to know their feedback and difficulties in using the program.
This is great, when does the next batch start?
Dear Karan,
The course is in recorded format and you can register for the same as soon as you want.
Paramdeep, thanks. I'm venturing into financial modelling for the first time and from the little I've read from your website already, I'm sure I'll find your resources very useful; thanks once again.
Dear Seun,
I am glad that you are finding the resources to be useful. Feel free to send in comments with your feedback and further questions.
hie ppl...I jst wantd a small favour cn smone help me out in calculating EBITDA, along with its working, from wipros annual report 2011-2012, link - http://www.wipro.com/investors/annual-reports.aspx
...PLZ plz... i am having a submission tommorow.
[...] [Related: Introduction to Financial Modeling - 6 part tutorial] [...]
Nice article.
In designing Excel Financial Models I design the user interface as friendly as possible and structuring the input variables in the workflow of the client's operations so that they can flow through the impact of the input variables in Excel using buttons and macros and giving the model transparency.
Cheers
Arthur
[…] 4) http://chandoo.org/wp/2010/07/21/financial-modeling-introduction/ Chandoo has a great 6 step guide which goes through financial modeling from start to finish. Includes loads of pdfs to download including cheat sheets and case studies. Definitely a good place to start learning how to get to grips with financial modeling and Chandoo is well known for its Excel tutorials so if anything doesn’t make sense about the terms used to talk about formatting etc. then the answer can surely be found elsewhere on the website (and often already has hyperlinks added to skip straight to those sections as they are talked about within the financial modeling article!) […]
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Another step to build any financial model is to do a financial analysis beforehand. This normally helps to design and come up with good projections.
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