Financial Modeler's Corner

Paul Barnhurst AKA The FP&A Guy
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  • يتم التحديث كل أسبوعين

Financial Modeler's Corner is a podcast where we talk all about the art and science of financial modeling with distinguished Financial Modeler's from around the globe. Financial Modeler's Corner is hosted by Paul Barnhurst, aka The FP&A Guy, a global thought leader in the field of finance.  The Financial Modeler's Corner podcast is brought to you by Financial Modeling Institute. FMI offers the most respected accreditations in financial modeling. 

  1. Why Finance Students Must Learn Discipline Before AI Replaces Their Jobs with David Stangeland

    قبل ٥ أيام

    Why Finance Students Must Learn Discipline Before AI Replaces Their Jobs with David Stangeland

    In this episode of Financial Modeler’s Corner, Host Paul Barnhurst sits down with David Stangeland, a finance professor at the University of Manitoba, to talk about teaching financial modeling, how students learn best, and the tools that have changed over the years, from PV tables to Excel. David shares what he's learned from more than 30 years in the classroom, why planning is so important in modeling, and how he uses real money investing through a student-managed fund to teach hands-on skills. He also talks about the value of the FMI curriculum, the role of judgment in modeling, and why he still learns something new every time he teaches.   David has been teaching at the University of Manitoba’s Asper School of Business since 1991. He has a PhD from the University of Alberta and is both a CPA and a CMA. His research focuses on corporate governance and performance and has been published in top finance journals. He’s co-authored two corporate finance textbooks and currently advises the school’s $2.8 million student-managed investment fund. Expect to Learn The most common mistakes students make when building modelsHow Excel helps students better understand what they're doingWhy structure and layout matter in a financial modelThe importance of combining modeling with real-world contextHow the FMI curriculum is used in teaching valuation and asset management Here are a few quotes from the episode: “There’s no one right answer in valuation. It’s about making good assumptions and thinking through your logic to build a credible story.” - David Stangeland“Don’t think you know it all. Always be open to learning and improving. That mindset will take you further than any formula.” - David Stangeland“Spreadsheets aren’t going anywhere. Whether it’s Excel or something else, that flexible grid is still the best way to work with data.” - David Stangeland Follow David: LinkedIn - https://www.linkedin.com/in/david-stangeland-phd-cpa-cma-b-comm-29773946/?originalSubdomain=ca Follow Paul: Website - https://www.thefpandaguy.com   LinkedIn - https://www.linkedin.com/in/thefpandaguy YouTube - https://www.youtube.com/@thefpandaguy Follow Financial Modeler's Corner:   LinkedIn Page- https://www.linkedin.com/company/financial-modeler-s-corner/?viewAsMember=true   Newsletter - Subscribe on LinkedIn -https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7079020077076905984 Sign up for the Advanced Financial Modeler Accreditation Today and receive 15% off by using the special show code ‘Podcast’. Visit https://bit.ly/497oAqW and use the code “Podcast” to save 15% when you register.  In today’s episode:...

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  2. From Classic Cars to Aircraft: The Art of Modeling Distressed Companies with Vaughan Grandin

    ١٦ سبتمبر

    From Classic Cars to Aircraft: The Art of Modeling Distressed Companies with Vaughan Grandin

    In this episode of Financial Modeler’s Corner, host Paul Barnhurst welcomes Vaughan Grandin, Managing Director and Head of Financial Modeling at Teneo. They discuss his experiences building financial models in distressed situations, the importance of empathy in working with clients, and provide examples of complex models, including those from the airline, aircraft leasing, and classic car dealership industries. Vaughan Grandin is the Managing Director and Head of Financial Modeling at Teneo in London. He is a Chartered Accountant with the South African Institute of Chartered Accountants and has more than 20 years of experience in corporate advisory, finance, and restructuring. He leads Teneo’s financial modelling team, which supports clients and other advisory teams by creating reliable models for distressed companies, transactions, and stakeholder analysis. Disclaimer: All examples and stories shared in this video are from Vaughan Grandin’s previous roles and do not reflect his current employer. Expect to Learn Why empathy matters in financial modelingHow to approach modeling in distressed situationsThe role of entity priority models and circular referencesKey principles for building robust financial modelsLessons from real-world modeling cases across industries Here are a few quotes from the episode: “Empathy is a word I think about a lot in modeling, especially in distressed situations.” - Vaughan Grandin“A good model should be able to take whatever inputs you give it and actually use them to solve a problem.” - Vaughan Grandin“In distressed situations, time pressure is real; sometimes, a company only has weeks of cash left.” - Vaughan Grandin Follow Vaughan: LinkedIn - https://www.linkedin.com/in/vgrandin/?originalSubdomain=uk Company - https://www.teneo.com/person/vaughan-grandin/ Follow Paul: Website - https://www.thefpandaguy.com   LinkedIn - https://www.linkedin.com/in/thefpandaguy YouTube - https://www.youtube.com/@thefpandaguy Follow Financial Modeler's Corner:  LinkedIn Page- https://www.linkedin.com/company/financial-modeler-s-corner/?viewAsMember=true   Newsletter - Subscribe on LinkedIn- https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7079020077076905984 Sign up for the Advanced Financial Modeler Accreditation Today and receive 15% off by using the special show code ‘Podcast’. Visit https://bit.ly/497oAqW and use the code “Podcast” to save 15% when you register.  In today’s episode: [03:22] - Model Horror Stories [06:52] - Empathy in Modeling [07:55] - Inside Teneo’s Team [12:50] - Classic Car Dealership Model [21:16] -...

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  3. Why Spreadsheets Will Stay, but Financial Modeling Workflow and Version Control Must Be Rebuilt with Matt Lee

    ٩ سبتمبر

    Why Spreadsheets Will Stay, but Financial Modeling Workflow and Version Control Must Be Rebuilt with Matt Lee

    In this episode of Financial Modeler's Corner, host Paul Barnhurst is joined by Matthew Lee, Co-Founder and CEO of Nummo, a software tool built to help analysts and bankers build financial models more efficiently. Matt explains why he started the company after years in investment banking and as a CFO, and what he sees as the real opportunities and limits of automation in financial modeling. The conversation covers the pressure of dealing with work, common modeling mistakes, and where tools like Nummo can help speed things up without replacing analysts. Matt also shares thoughts on what makes a good model and why hands-on understanding still matters most. Matt is the Co-Founder and CEO of Nummo, an AI co-pilot for financial modeling that he wished he had during his time in finance. Before Nummo, Matt worked as an investment banker at Lazard, helping to execute sell-side and buy-side M&A deals totaling around $6 billion in enterprise value. He also served as CFO at a digital product studio, overseeing financial planning for emerging tech products launched by Fortune 500 firms and early-stage ventures. With over 40,000 hours in Excel, Matt built Nummo to deliver a banker-grade modeling platform that runs fully on-device, maintains cell-level accuracy, and automates workflows like DCFs, LBOs, comps, and fairness opinions. Expect to Learn Why financial models still need human inputWhere tools like Nummo can improve modeling workflowsWhy version control and hidden hard codes cause major issuesHow to balance automation with accuracy and narrativeWhy it’s critical to never outsource your understanding of a model Here are a few quotes from the episode: We’re about 30% of the way there. AI can help, but it can’t yet build a fully detailed, nuanced model.” - Matthew Lee“Even with automation, you still need to check for hidden hard codes and make sure your model tells the right narrative.” - Matthew Lee“Formatting, standardization, and QA are where AI is already adding value today.”- Matthew Lee Follow Matthew: LinkedIn - https://www.linkedin.com/in/matthew-m-lee/ Company - https://www.nummo.xyz/ Follow Paul: Website - https://www.thefpandaguy.com   LinkedIn - https://www.linkedin.com/in/thefpandaguy YouTube - https://www.youtube.com/@thefpandaguy Follow Financial Modeler's Corner:   LinkedIn Page- https://www.linkedin.com/company/financial-modeler-s-corner/?viewAsMember=true   Newsletter - Subscribe on LinkedIn -https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7079020077076905984 Sign up for the Advanced Financial Modeler Accreditation Today and receive 15% off by using the special show code ‘Podcast’. Visit a href="https://bit.ly/497oAqW" rel="noopener...

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  4. How Finance Modelers and Professionals Align Stakeholders and Support M&A Success with Morten

    ٣ سبتمبر

    How Finance Modelers and Professionals Align Stakeholders and Support M&A Success with Morten

    In this episode of Financial Modeler's Corner, host Paul Barnhurst is joined by Morten Lykke Pedersen, a seasoned financial expert and Partner at Deloitte, where he leads the financial modeling division within the Strategy, Risk, and Transaction Advisory group. Morten discusses his extensive experience in mergers and acquisitions (M&A), strategic financial modeling, and how financial models can empower businesses to make informed, data-driven decisions. He also shares insights on the importance of collaboration during the modeling process, tips for ensuring client engagement, and the role of financial models in presenting a company’s equity story. Morten Lykke Pedersen, CFA, CFM, is a financial expert with over a decade of experience. He specializes in mergers and acquisitions (M&A), providing strategic insights that empower businesses to optimize their strategies through forecasting and risk assessment. Morten's career spans notable roles, including his tenure at PwC, where he managed valuation and modeling services. At Deloitte, Morten is dedicated to guiding businesses through complex transactions and strategic initiatives, helping them navigate industry dynamics and execute transformative transactions successfully. He holds a CFA charter and certifications in financial modeling, and his educational journey includes advanced degrees from Aarhus University, Saint Mary’s University, and the CFA Institute. Expect to Learn The critical role of collaboration in transaction modelingHow to build financial models that communicate a company’s story and manage riskThe importance of scenario analysis in M&A transactionsWhy financial models should reflect business realities, not just numbersHow formal training programs, like the Chartered Financial Modeler (CFM), can elevate modeling skills and team capabilities Here are a few quotes from the episode: “Financial modeling is about understanding the business, not just crunching numbers.” - Morten Lykke Pedersen“A financial model should only do what it’s supposed to do, keep it simple and fit for purpose.” - Morten Lykke Pedersen“It’s not about the formulas; it’s about making sure the people who own the numbers understand what’s going on in the model.” - Morten Lykke Pedersen Follow Morten: LinkedIn -  https://www.linkedin.com/in/mortenlykkepedersen/?originalSubdomain=dk Company - https://www.linkedin.com/company/deloitte/ Follow Paul: Website - https://www.thefpandaguy.com   LinkedIn - https://www.linkedin.com/in/thefpandaguy YouTube - https://www.youtube.com/@thefpandaguy Follow Financial Modeler's Corner:   LinkedIn Page- https://www.linkedin.com/company/financial-modeler-s-corner/?viewAsMember=true   Newsletter - Subscribe on LinkedIn-https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7079020077076905984 Sign up for the a...

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  5. The 40th Anniversary of Excel: Unlocking the fascinating History, Easter Eggs, Excel humor, and more

    ٢٧ أغسطس

    The 40th Anniversary of Excel: Unlocking the fascinating History, Easter Eggs, Excel humor, and more

    In this episode of Financial Modeler's Corner, host Paul Barnhurst celebrates the 40th anniversary of Microsoft Excel, a tool that has revolutionized the financial modeling industry and many others. Paul explores Excel’s fascinating history, its evolution over four decades, and shares interesting facts, hidden Easter eggs, and fun surprises that Excel enthusiasts will appreciate. From the first graphical interface to modern-day features like dynamic arrays, this episode showcases how Excel has shaped the way we work and how it continues to be an essential tool for financial modelers. Expect to Learn The fascinating origin story of Excel and its early days on the Mac.Fun facts about Excel’s features, including its secret limitations and quirky surprises.Excel's functionality has evolved over the years to include over 500 functions.Hidden Easter eggs and games that were embedded in older versions of Excel.Creative and unique Excel projects, including games and pixel art, showcase the limitless possibilities within Excel. Here are a few quotes from the episode: "The first version of Excel only had 150 functions, and now we’re up to 516! That’s quite a leap over 40 years." - Paul Barnhurst"Sometimes, the most creative projects come from using Excel in ways you never thought possible, like pixel art or creating a full video game." - Paul Barnhurst"The tool of choice for modelers is Excel, and it has a lot more to offer than meets the eye." - Paul Barnhurst Follow Paul: Website - https://www.thefpandaguy.com   LinkedIn - https://www.linkedin.com/in/thefpandaguy YouTube - https://www.youtube.com/@thefpandaguy Follow Financial Modeler's Corner:   LinkedIn Page- https://www.linkedin.com/company/financial-modeler-s-corner/?viewAsMember=true   Newsletter - Subscribe on LinkedIn-https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7079020077076905984 Sign up for the Advanced Financial Modeler Accreditation Today and receive 15% off by using the special show code ‘Podcast’. Visit https://bit.ly/497oAqW and use the code “Podcast” to save 15% when you register.  In today’s episode: [02:17] - 16 Fun Facts About Excel [08:11] - Excel's Evolution [14:58] - Excel Easter Eggs [16:55] - Excel Jokes to Lighten the Mood [19:13] - Epic Excel Creations: Stunning Art [23:11] - Wrapping Up and Final Thoughts

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  6. Three-Statement Modelling for FP&A Pros to Avoid Complex Builds & Forecast Errors with Chris Reilly

    ١٩ أغسطس

    Three-Statement Modelling for FP&A Pros to Avoid Complex Builds & Forecast Errors with Chris Reilly

    In this republished episode of the Financial Modeler’s Corner, host Paul Barnhurst revisits the intricate world of financial modeling with returning guest Christopher Reilly. The conversation centers around what is necessary to build robust financial models, highlighting the importance of three-statement models and cash flow forecasting. The episode is filled with practical insights, advanced techniques, and professional experiences that underscore the significance of simplicity, accuracy, and best practices in financial modeling. Christopher Reilly is a seasoned financial modeler with extensive experience in consulting, private equity, and financial modeling education. Starting his career during the financial crisis, Chris worked on high-profile bankruptcies such as Lehman Brothers and Rescap. His journey took him from a senior analyst role at Hilton Worldwide to a middle-market private equity firm, and eventually led to founding his own financial modeling education business. Today, he focuses on teaching and building financial models, with his work being featured by Wharton Online, Wall Street Prep, and LinkedIn Learning, among others. Expect to Learn: The importance of simplicity in financial models and how over-complicating can hinder their effectiveness.Practical steps and considerations for building robust three-statement financial models.Tips for auditing models to ensure accuracy and integrity.How to use advanced Excel functions and shortcuts to enhance modeling efficiency.Insights into the role of AI in financial modeling and how it may shape the future of the profession. Here are a few quotes from the episode: “All models are wrong, some are useful, and if it’s too complicated, it’s not useful.” - Chris Reilly“AI won’t replace modelers, but it will complement us by improving assumption accuracy and reducing bias.” - Chris Reilly“Use the BASE structure: Beginning, Addition, Subtraction, Ending, it’s the easiest way to audit support schedules.” - Chris Reilly Follow Christopher: Website - https://www.financialmodelingeducation.com/LinkedIn - https://www.linkedin.com/in/chris-reilly-mission-capital/  Follow Paul:  Website - https://www.thefpandaguy.com   LinkedIn - https://www.linkedin.com/in/thefpandaguy  YouTube - https://www.youtube.com/@thefpandaguy Follow Financial Modeler's Corner:   LinkedIn Page- https://www.linkedin.com/company/financial-modeler-s-corner/?viewAsMember=true  Newsletter - Subscribe on LinkedIn-https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7079020077076905984 Sign up for the Advanced Financial Modeler Accreditation Today and...

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  7. How FP&A Teams Turn Confusing Budgets into Strategic Tools That Drive Alignment with Sarah Schlott

    ١٢ أغسطس

    How FP&A Teams Turn Confusing Budgets into Strategic Tools That Drive Alignment with Sarah Schlott

    In this episode of Financial Modeler’s Corner, host Paul Barnhurst welcomes Sarah Schlott, founder of The Schlott Company. Sarah shares her perspective on why financial models often fail, not because of bad math, but because they don’t reflect how real businesses work. She talks about what it takes to earn trust as a finance partner, how to clean up messy data without losing momentum, and the importance of getting the right people involved in the process. Sarah and Paul also dive into how finance teams can shift from reactive number-crunchers to proactive business partners that bring clarity and confidence to decision-making. Sarah Schlott is a strategic finance leader with over 18 years of experience guiding companies through growth, M&A, and operational change. She’s worked across corporate finance, forecasting, budgeting, and reporting infrastructure. Sarah is the founder of The Schlott Company, where she helps founders bring order to financial chaos. Her approach blends classic FP&A with modern tools and a deep understanding of real-world business dynamics. She believes finance should bring clarity, not confusion. Expect to Learn Why overly complex models usually create more confusion than insightWhat it means to be “battle-tested” as a finance leaderHow to build models that reflect business reality, not just spreadsheetsWhat to do when the data is unreliable or inconsistentWhy involving department heads early leads to better models and better outcomes Here are a few quotes from the episode: "When you’re constantly fighting about the numbers, you’re not ready to present the model." - Sarah Schlott"If the people who own the numbers don’t see themselves in the model, you should probably just chuck it." - Sarah Schlott"Stop being the cop. Be the radio tower that keeps everything aligned."  Sarah Schlott Follow Sarah: LinkedIn - https://www.linkedin.com/in/sarahschlott/ Website - http://www.sarahgschlott.com/ Company - https://theschlottco.com/ Follow Paul: Website - https://www.thefpandaguy.com   LinkedIn - https://www.linkedin.com/in/thefpandaguy YouTube - https://www.youtube.com/@thefpandaguy Follow Financial Modeler's Corner:   LinkedIn Page- https://www.linkedin.com/company/financial-modeler-s-corner/?viewAsMember=true   Newsletter - Subscribe on LinkedIn-https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7079020077076905984 Sign up for the Advanced Financial Modeler Accreditation Today and receive 15% off by using the special show code ‘Podcast’. Visit a href="https://bit.ly/497oAqW" rel="noopener noreferrer"...

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  8. An AI Excel Tool for Finance Teams to Speed Up DCFs and Scenario Modelling with Nico Christie

    ٥ أغسطس

    An AI Excel Tool for Finance Teams to Speed Up DCFs and Scenario Modelling with Nico Christie

    In this episode of Financial Modeler’s Corner, host Paul Barnhurst welcomes Nico Christie, co-founder of Fundamental Research Labs and creator of Shortcut, the superhuman Excel agent. Nico shares insights into his fascinating journey, from being a professional athlete to leading groundbreaking AI projects. Together, they explain how AI is revolutionizing financial modeling and making Excel smarter than ever before. Nico also discusses his work at Fundamental Research Labs, where they aim to build digital humans using AI, and the development of Shortcut, which aims to streamline the way we use Excel for financial modeling tasks. Nico Christie is the co-founder of Fundamental Research Labs and the CEO of Shortcut, a cutting-edge AI tool designed to supercharge Excel. Nico’s diverse background spans professional athletics, corporate finance, and AI research. His work at Fundamental Research Labs focuses on building AI that mimics human-like qualities, such as emotional experiences and consciousness. Nico has a passion for both technology and the real-world applications of AI in tools like Excel, making complex tasks faster and more intuitive. Expect to Learn How Shortcut is revolutionizing Excel for financial modeling with AI.The process behind building digital humans at Fundamental Research Labs.Nico’s journey from professional dunker to AI innovator.How AI tools like Shortcut are transforming the financial modeling landscape.Insights on the future of AI in Excel and the response from companies like Microsoft. Here are a few quotes from the episode: "I just think Excel is the most beautiful design software ever created by humans." - Nico Christie"The goal of the company is to build digital humans, giving AI all of the fundamental human qualities, not just intelligence." - Nico Christie"People who were initially afraid of AI are no longer afraid once they see how it can be used in software engineering." - Nico Christie Follow Nico: LinkedIn - https://www.linkedin.com/in/nicochristie/Twitter - https://x.com/nicochristie Follow Paul: Website - https://www.thefpandaguy.com  LinkedIn - https://www.linkedin.com/in/thefpandaguyYouTube - https://www.youtube.com/@thefpandaguy                 Follow Financial Modeler's Corner:   LinkedIn Page- https://www.linkedin.com/company/financial-modeler-s-corner/?viewAsMember=true  Newsletter - Subscribe on LinkedIn-https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7079020077076905984 Sign up for the Advanced Financial Modeler Accreditation Today and receive 15% off by using the special show code ‘Podcast’. Visita...

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Financial Modeler's Corner is a podcast where we talk all about the art and science of financial modeling with distinguished Financial Modeler's from around the globe. Financial Modeler's Corner is hosted by Paul Barnhurst, aka The FP&A Guy, a global thought leader in the field of finance.  The Financial Modeler's Corner podcast is brought to you by Financial Modeling Institute. FMI offers the most respected accreditations in financial modeling. 

المعلومات

  • صناع العمل
    Paul Barnhurst AKA The FP&A Guy
  • سنوات النشاط
    ٢٠٢٣ - ٢٠٢٥
  • الحلقات
    ٩٨
  • التقييم
    ملائم
  • حقوق النشر
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  • موقع البرنامج على الويب
    Financial Modeler's Corner

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