Excel has long been considered the most reliable and robust program to be used for computational purposes. Besides several other tools, Excel has a financial model tool that is in-built and is used to forecast the financial performance of a business into the future. The forecast is made after analyzing the past performance of the company and assumptions about the future. It requires the preparation of income statement, balance sheet, cash flow statement and supporting schedules.
To study further on this, you can take up financial modeling courses at Comat. We are a reputed and reliable company offering a range of courses, financial modeling being one of them.