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Financial Analysis & Modeling with Excel (Udemy.com)

Learn valuation, forecasting, financial statements, and data-driven decision-making with real-world finance skills

Created by: MTF Institute of Management

Last updated April 2026

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What you will learn

  • Analyse financial statements (income statement, balance sheet, cash flow)
  • Calculate and interpret key financial ratios and performance metrics
  • Apply financial analysis techniques to evaluate company performance
  • Understand valuation concepts including discounted cash flow (DCF)
  • Perform forecasting and budgeting for business planning
  • Analyse unit economics for different business models
  • Identify financial risks and assess company health
  • Make data-driven financial and investment decisions
  • Apply financial insights to real-world business scenarios

How it compares

Against the other 1,210 rated Udemy courses in Business on CourseDuck:

  • Rating4.5 out of 5higher than 46% of them
  • Reviews243#873 of 1,211 by number of reviews
  • Length8.7 hourslonger than 85% of them
  • Last updatedApril 2026more recently than 66% of them

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Course Description

This course provides a complete and practical introduction to financial analysis, modeling, and business decision-making.

You will learn how to read and interpret financial statements, analyse company performance using key financial ratios, and apply valuation techniques such as discounted cash flow (DCF). The course also covers forecasting, budgeting, and unit economics to help you understand how businesses operate and grow.

Throughout the course, you will develop the ability to evaluate financial health, identify risks, and make informed decisions based on financial data. The content is designed to bridge the gap between theory and real-world application, making it relevant for professionals, students, and entrepreneurs alike.

Whether you are looking to start a career in finance, improve your analytical skills, or better understand business performance, this course will give you a strong foundation in modern financial analysis.


Course Authors:

1. Dr. Alex Amoroso is a seasoned professional with a rich background in academia and industry, specializing in research methodologies, strategy formulation, and product development. With a Doctorate Degree from the School of Social Sciences and Politics in Lisbon, Portugal, where she was awarded distinction and honour for her exemplary research, Alex Amoroso brings a wealth of knowledge and expertise to the table.

In addition to her doctoral studies, Ms. Amoroso has served as an invited teacher, delivering courses on to wide range of students from undergraduate level to business students of professional and executives courses. Currently, at EIMT in Zurich, Switzerland, she lectures for doctoral students, offering advanced instruction in research design and methodologies, and in MTF Institute Ms. Amoroso is leading Product Development academical domain.

In synergy between academical and business experience, Ms. Amoroso achieved high results in business career, leading R&D activities, product development, strategic development, market analysis activities in wide range of companies. She implemented the best market practices in industries from Banking and Finance, to PropTech, Consulting and Research, and Innovative Startups.

Alex Amoroso's extensive scientific production includes numerous published articles in reputable journals, as well as oral presentations and posters at international conferences. Her research findings have been presented at esteemed institutions such as the School of Political and Social Sciences and the Stressed Out Conference at UCL, among others.

With a passion for interdisciplinary collaboration and a commitment to driving positive change, Alex Amoroso is dedicated to empowering learners and professionals for usage of cutting edge methodologies for achieving of excellence in global business world.


2. Dr. Joao Martins is seasoned manager and entrepreneur, with over 30 years’ experience in top management positions in the telecommunications and IT sectors. Starting in an academic environment, where he obtained his PhD in Engineering and an MBA at Universidade Nova de Lisboa, quickly evolved to C-suite positions in the corporate environment, both in large corporations and in start-ups.

He is currently a director and start-up shareholder in an IT integrator in Lisbon, focused on cybersecurity. With a passion for education, he also an invited Professor at Nova Information Management School, teaching Knowledge Management and Financial Analysis to graduate and undergraduate students.


3. Industrial Expert: Max Kalyuzhnyi, experienced entrepreneur and CFO

With over 10 years of experience in finance, investing, and entrepreneurship, I am the founder of Domicile0, a self-service platform that enables tax compliance in a borderless world. I am also an ACCA member, a CFA level III candidate, fellow of Antler entrepreneurship program and a resident of Startup Lisboa, a leading incubator for early-stage startups in Portugal.

In addition to Domicile0, I am a co-owner and former CFO/B2B of Yasno live, one of the largest online therapy marketplaces in the world, with over 30,000 active clients and 300 B2B partners. I helped Yasno grow its revenue, expand its market, and secure funding from reputable investors. I am passionate about building solutions that improve the well-being and mobility of people across the globe.


Course provided by MTF Institute of Management, Technology and Finance

MTF is the global educational and research institute with HQ at Lisbon, Portugal, focused on business & professional hybrid (on-campus and online) education at areas: Business & Administration, Science & Technology, Banking & Finance.

MTF R&D center focused on research activities at areas: Artificial Intelligence, Machine Learning, Data Science, Big Data, WEB3, Blockchain, Cryptocurrency & Digital Assets, Metaverses, Digital Transformation, Fintech, Electronic Commerce, Internet of Things.

MTF is the official partner of: IBM, Intel, Microsoft, member of the Portuguese Chamber of Commerce and Industry.

MTF is present in 215 countries and has been chosen by more than 698 000 students.

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Instructor Details

MTF Institute of Management

MTF Institute of Management, Technology & Finance


MTF Institute is a global educational and research institute headquartered in Lisbon, Portugal. We offer hybrid business and professional education in the areas of Business and Management, Science and Technology, and Banking and Finance.

MTF Institute R&D Center conducts research in Artificial Intelligence, Machine Learning, Data Science, Big Data, Web3, Blockchain, Cryptocurrency and Digital Assets, the Metaverse, Digital Transformation, Fintech, E-commerce, and the Internet of Things.

MTF Institute is an official partner of Deloitte, IBM, Intel, and Microsoft, and is a member of the Portuguese Chamber of Commerce and Industry and the Union of Trade and Services Associations of Lisbon.

MTF Institute has a global presence across 216 countries and territories and has been chosen by over 1 million students.


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Reviews

4.5

243 ratings on Udemy

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By Satyam Kumar Jha on 7/9/2026

It was very helpful and easy to understand and connect the principles of financial valuation techniques and accounting principles

By Bryan O. Tucker Bronson on 4/10/2026

Amazing amount of resources to help navigate financial analysis in the present and future state of business administration.

By Viktoryia Satsouta on 2/5/2026

To be fair, this is not an advanced course, though it provides some very useful information. Overall, the course is worth the money I have paid. The course provides more or less "a big picture", but it doesn't teach you how to calculate DCF step-by-step in Excel or how to do an activity-based cost estimation. You will need to find the missing info in YouTube videos or articles on your own. What was good: - Section 5 - great explanation, a lot of examples, step-by-step Excel guides - 5 of 5 - Section 3 - very easy, detailed Excel formulas, compact info - 4 of 5 - Important info on company valuation, DCF and other metrics in Section 2 What could be better: - Step-by-step explanations in Excel for Section 2 (there are no such things in this course) - A change of structure is needed - for example it would be better to speak about double-entry accounts before talking about debits and credits. - More engaging approach for Section 2 (the lecturer just read from the slides, though the content of the slides was good) - More complex examples in Part 3 (they are very short, usually with 1 or 2 parameters) - Section 6 is just a bunch of articles, with many repetitions. These articles are more about management and much less about finance. No formulas.

By Sharon Moureen R on 11/19/2025

The professor is just reading from the slides, there's no proper explanation.

By Bharat Sharma on 11/16/2025

Absolutely awesome, must recommended course for those who wants to excel in core Financial Analysis.

By Salman Khan on 9/13/2025

I'm very satisfying from this course. I gain more knowledge because I already learned that in university but still all and everything is recall.

By Tolu Talabi on 6/9/2025

Very detailed explanation. Easy to understand for someone with no Finance background.

By Vartika kesarwani on 5/25/2025

The course was amazing and it's easily accessible anything from anywhere.

By Billy Harry T Sesay on 5/11/2025

The complete easy breakdown of the complex accounting principles making all look look like a piece of pie

By Ieeza Shamshad on 4/19/2025

This course is a game-changer for anyone looking to lead in tech, startups, or product-focused businesses. It masterfully combines financial analysis with strategic decision-making, Agile team dynamics, and real-world business applications. A well-designed, impactful program that empowers professionals to turn financial insights into growth and success.

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Overall Score : 90 / 100