Tutorials

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Web Resources

Web Resources

Web Resources

Web Resources

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Tutorials

Corality’s tutorials offer financial modelling and project finance advice on tap – they are your chance to peek over an experts shoulder and free for you to download from this site!

  • informative and readily accessible at your convenience
  • easy–to-follow with complimentary Excel workbooks
  • written by Corality’s industry experts

Corality’s tutorials will:

  • teach you best practice financial modelling
  • increase your modelling productivity
  • provide useful insights into financial modelling and project finance
  • help you overcome daily challenges and progress your career

Register to get full access to all our tutorials including PDFs and Excel workbooks. 

Excel - Advanced

PDF Excel Project Life Cover Ratio
by Grace Utama

The Project Life Cover Ratio is a widely used debt metric in project finance. It measures, on a discounted basis, how many times the projects cashflow can cover it debt over the life of the project.

Category: Excel - Advanced | Date: 29 December 2011

COMMENTS

PDF Excel Circular Interest – Interest on average balances
by Grace Utama

When authoring formulas in Excel, a user may often encounter a circular reference. In this article we demonstrate how to solve a common problem related to interest using high school mathematics rather than Visual Basic.

Category: Excel - Advanced | Date: 6 December 2011

COMMENTS

PDF Excel Cash Sweep Analysis in Project Finance
by Rickard Warnelid

Stand alone cash sweep analysis is an alternative metric for refinance risk and repayment ability in cashflow models for project finance.

Category: Excel - Advanced | Date: 26 October 2011

COMMENTS

PDF Benefits of using Excel shortcuts: get your shortcut sheet
by Rickard Warnelid

Corality’s Excel shortcut sheet provides you with a summary of all the Excel keyboard shortcuts. Using Excel shortcuts will increase your modelling productivity considerably.

Category: Excel - Advanced | Date: 25 October 2011

COMMENTS

PDF Excel Cashflow Available for Debt Service (CFADS)
by Rickard Warnelid

A project’s Cashflow Available for Debt Service (CFADS or CADS) is analysed by project lenders (senior debt banks) to determine debt sizes and repayment criteria.
CFADS is calculated by netting out Revenue, Operating Expenditure (OpEx), Capital Expenditure (CapEx), Debt & Equity Funding, Tax and Working Capital Adjustments.

Category: Excel - Advanced | Date: 19 October 2011

COMMENTS

PDF Excel Custom number formats - Formatting decimals
by Rickard Warnelid

Customizing number formats can be very useful in helping you control the appearance of numbers, dates, and text in cells.

Category: Excel - Advanced | Date: 14 September 2011

COMMENTS

PDF Excel How to use SUMPRODUCT
by Rickard Warnelid

The SUMPRODUCT formula allows you to write compact formulae. However, it can also result in a lack of transparency, and increases the risk of introducing errors into your spreadsheets.

Category: Excel - Advanced | Date: 24 August 2011

COMMENTS

PDF Excel An iterative approach to calculating the Internal Rate of Return (IRR)
by Bing Chien Quek

One function in Microsoft Excel that calculates the IRR is the IRR function. XIRR allows for uneven cashflow intervals by taking into account the dates of which a cashflow occurs.

Category: Excel - Advanced | Date: 10 February 2011

COMMENTS

PDF Excel Excel Data Tables in any sheet
by Rickard Warnelid

Excel data tables are amazingly powerful tools in scenario and sensitivity analysis.

Category: Excel - Advanced | Date: 26 May 2009

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PDF Excel Range names in Excel
by Rickard Warnelid

Range names are a useful tool in Excel that allows you to assign a name to a single cell or a range of cells.

Category: Excel - Advanced | Date: 26 March 2009

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PDF Excel Data Validation in Excel
by Rickard Warnelid

Data validation is a feature available in Excel that helps you to control the information that is entered in the worksheets.

Category: Excel - Advanced | Date: 16 March 2009

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PDF Excel Custom formats in Excel
by Rickard Warnelid

Using custom formats in Excel can significantly improve the presentation of your spreadsheets and financial models.

Category: Excel - Advanced | Date: 26 February 2009

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PDF Excel Goal Seek function in Excel
by Rickard Warnelid

Goal Seek is a very powerful tool in Excel for finding break-even points or to perform tailored what-if analysis.

Category: Excel - Advanced | Date: 25 February 2009

COMMENTS

PDF Excel Calculate NPV without Excel formulae
by Rickard Warnelid

Net Present Value (NPV) is a standard method of using the time value of money to appraise long-term projects and investments.

Category: Excel - Advanced | Date: 16 January 2009

COMMENTS

PDF Excel LOOKUP instead of VLOOKUP and HLOOKUP
by Rickard Warnelid

Excel's Lookup function allows you to take any value entered, find it in a data range, then return a value or information from that same data range without having to scroll through a list.

Category: Excel - Advanced | Date: 16 January 2009

COMMENTS

Excel - Beginner

PDF Excel Organisational benefits of implementing best practice financial modelling
by Blake McNaughton

There are multiple benefits to organisations of implementing best practice of financial modelling. This tutorial outlines the benefits of the SMART financial modelling methodology and the benefits of implementation.

Category: Excel - Basic | Date: 22 March 2012

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PDF Excel Debt Service Reserve Account
by Grace Utama

The Debt Service Reserve Account (“DSRA” or “DSRA/c”) is generally a deposit which covers a set number of periods of projected debt service obligations. It provides additional security for lenders as it acts as a cash buffer during periods of weak cashflows.

Category: Excel - Basic | Date: 16 December 2011

COMMENTS

PDF Excel Calculate IRR in Excel
by Grace Utama

The Internal Rate of Return (“IRR”) is a common source of error in a financial model.

Category: Excel - Basic | Date: 8 December 2011

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PDF Excel Debt Sculpting to Target DSCR without VBA
by Grace Utama

Debt Sculpting is a commonly used term in project finance. It means that the principal repayment obligations have been calculated to ensure that the principal and interest obligations are appropriately matched to the strength and pattern of the cashflows in each period.

Category: Excel - Basic | Date: 7 December 2011

COMMENTS

PDF Excel Custom number formats - Formatting text
by Rickard Warnelid

Customizing number formats can be very useful in helping you control the appearance of numbers, dates, and text in cells.

Category: Excel - Basic | Date: 7 September 2011

COMMENTS

PDF Excel Excel offset function increases modelling risk
by Bing Chien Quek

The Excel OFFSET function returns a reference to a range. It has several important uses eg. scenario-based modelling.

Category: Excel - Basic | Date: 17 August 2011

COMMENTS

PDF Excel Using trend lines to analyse patterns in historical data
by Rickard Warnelid

Using trendlines is a valuable tool in analyzing historical data and discovering patterns and relationships.

Category: Excel - Basic | Date: 10 August 2011

COMMENTS

PDF Excel Excel 2007 Styles Shortcut Tool
by Rickard Warnelid

The Styles shortcut (Alt + ‘) is a popular shortcut for many Excel users, however it was removed from Excel 2007 and 2010. Download our “Excel 07/10 Styles Hotkey Tool” to bring this shortcut functionality back into Excel.

Category: Excel - Basic | Date: 18 May 2011

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PDF Excel ICAA Conference: Get Corality’s presentation and excel files

Download our presentation slides and the Business Analytics Excel files from the ICAA Conference in Sydney.

Category: Excel - Basic | Date: 10 March 2011

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PDF Excel Array formulas in Excel
by Rickard Warnelid

In Excel you can perform some powerful and useful operations using array formulas. This Tutorial together with the examples in the workbook introduces basic array and application of more advanced formulas.

Category: Excel - Basic | Date: 9 March 2009

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Visual Basic for Applications

PDF Excel Dynamic map using Excel and VBA
by Rickard Warnelid

Create an intelligent dynamic interactive map using Excel and VBA.

Category: Visual Basic for Applications (VBA) | Date: 26 March 2006

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