Professor explains the sources on this link below:
https://youtu.be/HhrtBGvTKLk
FIN 3110 Summer 2020 1 Final Project Background: Congratulations – you have made it to the end of our Financial Modeling course! While you have been introduced to some financial models and various Excel skills, we still have only scratched the surface of finance topics, Excel skills, and potential models. Now is the time to impress me. What to Do: For your final project, you will create a personal finance model related to personal budgeting. You will identify a primary question or goal related to this topic and create a model to solve that problem. Your final project will be comprised of three parts. Please do not replicate any of the projects covered in the course. Instead, think of real-life cases where you may be able to use Excel to solve a problem. This could be applying a problem mentioned in a different class, an issue raised at work, or a personal problem that you wish to make a helpful model for. Your final project will be composed of three parts and should be completed INDIVIDUALLY. Part 1 (30 pts) Part 1 will be a Word document and include: 1- A least a paragraph providing a background on the topic you are creating the model for (tell me about the personal finance problem you are addressing in your own words) 2- At least one paragraph on when the model is appropriate to use 3- At least one paragraph with instructions related to properly using the model 4- A paragraph highlighting the various Excel skills used in this project. (At least one sentence for each item listed in part 2 below. Also include a discussion of any other skills used.) Note: Be sure to use proper citations if you use any outside sources (Investopedia, textbooks, etc.) A paragraph should be at least 4 sentences to receive full credit. Part 2(40 pts) Part 2 will be your model created in Excel. You model at minimum must include: 1- A graph/chart with the appropriate labels 2- Two If Statements (When turning in your project, please highlight the cells with the if statements yellow, so this requirement is easy to find) 3- A sensitivity analysis using DataTables covered in this course or Vlookup Function (or both). (When turning in your project, please highlight the cell(s) yellow with the functions, so this requirement is easy to find) 4- A drop down menu using Data Validation that connects to your model. When the user changes this selection, the model updates. ). (When turning in your project, please highlight the cell(s) yellow with this aspect, so this requirement is easy to find) 5- Inputs and outputs clearly labeled 6- Your model should be well formatted and be easy to use. FIN 3110 Summer 2020 2 Part 3(30 pts) Part 3 will be your individual presentation. The presentation at minimum must include: 1- Presentation must be completed using no notes (do not simply read Part 1 of your project or read prewritten notes to the camera). The presentation should be professional and last between 8 and 12 minutes. The presentation must be at least 8 minutes to be eligible to receive full credit. 2- The presentation must cover at minimum: a. The model you created, which finance topic it pertains to, and what problem it solves b. How to use the model. Clearly describe the inputs and outputs. c. How you built the model and why you structured it the way you did. d. How you incorporated the Excel skills mentioned in part 2. Describe where you use it in your model and what it does/means. 3- Your presentation should be well-organized, professional, and easy to understand For your presentation, you may record the presentation on any camera including a cell phone, laptop, or tablet. Please make sure that the presentation is professional. You should record your face talking about the project. As you go through your presentation, you may refer to the project, for example by saying “in cell B8 I include the Data Validation requirement where the user chooses between …” but you do not need to show the Excel workbook. I will have the Excel portion of your project open and can follow along with it while watching your presentation. Guidelines You may NOT use any project already covered in this class. You may not use a pre-created Excel template (all work included in the final project should be your own). The final project should be completed as an individual not as a group and be an original Excel model. All work in the Excel file must be your own. What to Hand In: Deposit a copy of your final Excel spreadsheet, Word Document, and presentation video in the Final Project DropBox for this project on D2L. Note: Your project write up will be run through a plagiarism check. Make sure that your files are named FinaProjectXXXXX where the XXXXX will be replaced with your last name. If you have problems uploading the video, please email me a copy of the video with the video attached using DropBox or Google Drive prior to the project due date.