How many times you created a chart in Microsoft excel and formatted it for minutes (and sometimes hours) to reduce the eye-sore?
Well, I will tell you my answer, its 293049430493 times 😉
Worry not! for you can become a charting superman (or elastigirl) by using these 73 free designer quality chart templates in literally no time (well, almost)
These templates will take care of typical formatting activities like,
- Remove that ugly Grey color background from the chart
- Change the default grid line format from intrusive solid black to a duller shade of dotted Grey
- Adjust the fonts (to verdana in this case), remove annoying chart auto-font-scaling
- Move the legend to a meaningful location and adjust its size
- And, ofcouse, fix the colors
so that you, the user can focus on your data and not on “why in the world anyone would design a default format like this…”, so go ahead and unleash the charting pro in you.
Download the free MS Excel chart / graph templates
Click here to download the templates
If you are wondering how to use these templates, scroll all the way down the post 🙂
More Charting Resources
Excel Dashboards – Tutorials & Downloads
Free Excel Downloads
Charts and Graphs
Excel School – My Online Excel Classes
VBA Classes – My Online VBA Training Program
1. Bar / Column Chart Templates:
(29 of them)
2. Stacked Bar / Column Chart Templates:
(22 of them)
3. Pie Chart Templates:
(22 of them)
Even though I seldom use pie-charts (since they hide more than they show and all that) I know a lot of people do use them and hence here they are,
How to use these templates?
Learn more about using chart templates in excel
- Method 1 – Easy and Quick:
- Download the chart templates (download links at top and bottom of this post)
- Copy both the chart you wanted and the “data used” portion
- Paste in your workbook
- Change the values, remove columns (or add them if you wish)
- Modify formatting if needed
- Be careful now, as your boss may feel zealous for your charting skills
- Method 2: Slightly geeky but works like a charm!
- Download the chart templates (download links at top and bottom of this post)
- Select the chart you want, right click and select “Chart type” from the context menu
[note: for more detailed steps & how-to, look in the excel worksheets you have downloaded - In the dailog, go to “custom types” tab and select “User-defined” radio button (towards bottom left)
- Click on “Add…” button, and give your chart-template a name that you can remember
- When you are done, click ok, and the chart is now added to your user-defined-charts library
- In future, when you want to use the chart, simply click on charts icon on tool bar, and select the chart type as custom -> user defined ->your chart name
- Now, watch out as your charts start stealing eyeballs in the boardroom!
Finally we can say good bye to default chart formats and all the associated eyesore
Download the free MS Excel chart / graph templates
More Charting Resources
Excel Dashboards – Tutorials & Downloads
Free Excel Downloads
Charts and Graphs
Excel School – My Online Excel Classes
VBA Classes – My Online VBA Training Program
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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Excellent site. Lots of helpful info here.
I am sending it to a few buddies ans also sharing in delicious.
And certainly, thanks in your effort!
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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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