Learning Resources
Financial Modelling Resources
Tutorials, webinars and articles written by the people who audit and build financial models for a living. Free to use, with worked Excel files on selected tutorials.
Browse tutorialsSee webinars- FreeEvery tutorial, webinar
and article, at no charge - Excel filesWorked models to download
with selected tutorials - Practitioner-ledWritten by our model
auditors and trainers - Three formatsRead it, watch it or work
through it in Excel
Webinars
Recorded sessions and live events
Technical sessions run by our modelling and model audit teams, usually with a worked example and a downloadable workbook.
WEBINAR
Q3 2026 update and the use of Free Cashflow to Firm vs Free Cashflow to Equity within Infrastructure Valuation
Live webinar Q3 2026 update and the use of Free Cashflow to Firm vs Free Cashflow to Equity within Infrastructure Valuation A quarterly valuation...
WEBINAR
AI Can Build the Model. Can You Review It?
Drawing on a recent experiment in which multiple AI tools were asked to modify a project finance model, this webinar explores what AI does...
WEBINAR
Is prompting Excel the wrong skill to teach your team?
Most AI training for modelling teams focuses on writing better prompts. This session takes a different view: a live, side-by-side comparison of freeform prompting...
Tutorials
Step-by-step modelling technique
Short, practical walkthroughs of the calculations that come up most often in project finance, several with an Excel file to work through.
TUTORIAL
Debt service coverage ratio (DSCR) in project finance
The Debt Service Coverage Ratio (DSCR) is the most widely used debt ratio within project finance. It is used to size and sculpt debt...
TUTORIAL
Loan life coverage ratio (LLCR)
The Loan Life Cover Ratio (“LLCR”) is one of the most commonly used debt metrics in Project Finance. It provides an analyst with a...
TUTORIAL
Excel shortcuts for financial modelling
In the world of financial modelling, you simply cannot survive without Excel keyboard shortcuts. To assist Excel users, Forvis Mazars has compiled a list...
Blogs & articles
Reflections, research and industry news
Longer-form writing on where modelling practice is heading, including our published research on AI in financial modelling.
ARTICLE
Can Claude replace a model audit?
We Hid 44 Errors in a Financial Model to Find Out. The short answer No, not on this evidence. The strongest configuration we tested,...
ARTICLE
Governance sets the pace for AI in financial modelling
Discover insights from the IPFA report on AI in financial modelling and how it affects project finance and infrastructure.
ARTICLE
Working capital in financial models
Working capital is one of those areas of a financial model that looks simple on the surface but causes a disproportionate number of errors....
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