Q) What is Financial Modelling?
A) It is the process of creating a model of a company's future financial performances. It is used to forecast future results, analyze the impact of changes, and make decisions. In this course, you will learn to build your company's financial forecast from scratch.
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Q) What is Financial Statement Analysis?
A) Is the process of evaluating a company's financial performance by using financial statements and other data. It is used to assess a company's financial health, identify trends, and make comparisons. In this course, you will learn how to evaluate company's performance, based on all past financial statements of the company.
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Q) What is the difference between both of them?
A) The main difference between financial modeling and financial statement analysis is that financial modeling is a predictive tool, while financial statement analysis is a diagnostic tool. Financial modelling is used to forecast future results, while financial statement analysis is used to assess a company's past performance.