What Is Financial Modeling? - corporatefinanceinstitute.com ![rw-book-cover|200x400](https://readwise-assets.s3.amazonaws.com/static/images/article3.5c705a01b476.png) ## Metadata - Author: **corporatefinanceinstitute.com** - Full Title: What Is Financial Modeling? - Category: #articles - Tags: #business - URL: https://corporatefinanceinstitute.com/resources/knowledge/modeling/what-is-financial-modeling/ ## Highlights - A financial model is simply a spreadsheet which is usually built in Microsoft Excel, that forecasts a business’s financial performance into the future. The forecast is typically based on the company’s historical performance and assumptions about the future, and requires preparing an income statement, balance sheet, cash flow statement, and supporting schedules (known as a 3-statement model).