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Build a Dynamic 3 Statement Financial Model From Scratch



Create a three statement model linking the income statement, balance sheet, and cash flow statement into a dynamic financial model used for valuation (discounted cash flows, M&A models, LBOs etc.) as well as financial analysis (scenario analysis, sensitivity analysis etc.)

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Find the FREE downloadable template of the 3 statement model below:
👉 DOWNLOAD the Excel file for this video:

This type of financial model is often used as the foundation for more complex models like a discounted cash flow (DCF). Here’s the key steps in the process:

1. Firstly, we’ll organize and build our income statement using a set of assumptions
2. Next, we’ll create schedules to model out more complex line items like CapEx and Depreciation)
3. Following that, we’ll build out our balance sheet
4. Lastly build up the cash flow statement and link the 3 statements together

Along the way I’ll explain the 3 financial statements and their key line items. I’ll also explain the types of assumptions we’ll be making to forecast figures for future years. Lastly, we’ll learn some financial modelling best practices such as font colors, formulas, and custom formatting.

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Chapters:
0:00​ -​ Intro
1:00​ -​ Formatting the Income Statement
3:01​ – Building the Income Statement
11:06​ – Fixed Assets Schedule
15:42​ – Formatting the Balance Sheet
16:49​ – Building the Balance Sheet
27:05​ – Building the Cash Flow Statement
31:10​ – Linking the 3 Statement Model

Disclaimer: I may receive a small commission on some of the links provided at no extra cost to you.

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36 comments
@SuperFarhan6

Thank you! Kenji, it took me several videos to understand, but your clip was sufficient. Can you pls share the excel working file or perhaps completed file from this video. I downloaded the base file w/o data in it.

@rohitnarain-t2z

can I make a project out of this?

@masenaangelina

THANKYOU SO MUCH FOR THE GOOD QUALITY OF VIDEO AND EXPLANATION !!!

@dhruvinkadakia4227

Please show the presentation of income Statement if other Income was present.

@peterkoopedi1382

How do we even make these assumptions? I have a practical that required us to download the 3 statements (done) and create an assumptions page, I don’t know how to start

@huynhha4306

You are too handsome and talented!

@MJWinters

very informative!! just have a question: when i use the shortcut 'alt + H + 6' nothing happens. do you know how to fix that?

@Alphapowermind

Thanks for the informative video