Mastering the 3 Statement Financial Model Explained #excel #productivity

What is a 3-Statement Financial Model? | Key Steps to Building Financial Models In this video, we’ll break down the basics of the 3-statement financial model and explain why it’s such a crucial tool for organizations. This model helps companies forecast their financial future by combining three core elements: the income statement, balance sheet, and cash flow statement. We’ll start by exploring the income statement (also known as the Profit & Loss statement or P&L), which reveals a company's revenues, expenses, and net profit over a specific period. Understanding how to gather the necessary data and build these financial statements is essential for making informed business decisions. Join us for this lesson as we walk you through the steps to build a 3-statement financial model and get ready to enhance your financial analysis skills over the next few videos! Subscribe for more lessons on financial modeling and other accounting insights. #FinancialModeling #IncomeStatement #ProfitAndLoss #3StatementModel #Finance