John Tjia’s Presentation on March 15th at 9 AM

John Tjia will present

Developing an integrated financial statement model,
 the core modeling required in finance positions

The Subotnick Center, Baruch College
151 East 25th Street
New York, N.Y. 10010-5585
Located between Lexington & Third Avenues on the North side of 25th street

9:00 AM until 12 noon, Saturday, March 15th 2014

subotnick center

Tjia book

I met John at a preliminary meeting for the Modeloff Competition, he is one of the judges.  Please watch this video:  He gave me an autographed copy of his book and said that he wanted to meet my students because as Executive Director of Valuation and Business Modeling for Ernst and Young he is always recruiting.

Please be sure to read Adrienne Wheeler’s review of his book which you will find at this link:  Please click “Yes” button in response to the question “Was this review helpful to you?”  I am trying to build up my creds as an Amazon reviewer.

If you would like to pose questions to John Tjia before his presentation, (this is an excellent opportunity to distinguish yourself), please post a comment to this blog.  You can also submit your questions via the survey you will find at this link:


7 thoughts on “John Tjia’s Presentation on March 15th at 9 AM

  1. Great refresher for those of us who had accounting a long time ago. Provided fresh insight into how the principles become memorialized in the models of firms and transactions. Modeling best practices especially helpful. Sample spreadsheet model particularly useful to experiment and test application of rules. Tjia’s a really clear speaker….which helped a lot with this topic full of conventions and logical but not always intuitive content.

  2. John Tjia’s presentation of “Integrated Financial Statement Modeling” yesterday was well attended. Approximately 15 Masters in Science students who learned about his presentation at 4:30 on Friday were joined by students from four of my courses. This makes me think that announcing our guest speakers via Blogs@Baruch is an efficient yet effective means of enlarging our class community.

    John is now Executive Director of Valuation and Business Modeling at Ernst and Young, but earlier in his career he did some forecast planning for Microsoft and met Steve Ballmer. John chuckled and told us, “The Microsoft people invented Excel but when they needed to know how to use it….they came to us.”

    John provided a 39 page handout that he referred to as he explained how the underlying task of the financial statements is to track cash. We learned from him that the Income Statement, Balance Sheet and Cash Flow Statement are connected by the flow of cash. If you would like to go over the material that John covered again please refer to his book, Building Financial Models, Second Edition.

    John is a director who knows what characteristics make a person successful in his organization. He stated that it is better to build Excel skills after mastering accounting and finance instead of having a strong Excel background before acquiring accounting and finance proficiency. This may not be what some of us want to hear but for those who hope to follow in John’s footsteps it may turn out to be prophetic wisdom.

    According to this pioneer in the financial modeling field, the models he has built for each of his customers are distinctly different. He always examines their old model first because this helps him understand how they like to look at their business and the framework they have been using. Even within the same industry modeling assignments can be very different, there will be some common key points but there is no “one approach.” John’s models inform the C Suite, operations people, people who are endeavoring to determine a realistic and profitable pricing structure for new products and services, investors who are interested in the potential profits and security of their prospective investments, start-ups who are soliciting investor funding and other groups internally within Ernst and Young. He uses Excel, Access, SQL and PowerPivot.

    I was intrigued when John mentioned that sampling data, the purview of statistics, is no longer necessary because we can grab all of the data and analyze it with new really powerful tools. John’s story about how he and his colleagues created a macro that helped them translate a very lengthy financial model into Japanese and Chinese was also fascinating.

    I think that people in attendance yesterday are all hoping that John will capture a few of his financial modeling stories in the next edition of his book. Who knows, perhaps you will someday play out your own story by becoming a Modeloff finalist. When this happens please tell John Tjia that hearing him sparked your interest in the contest.

  3. John’s presentation was simply organized, yet very useful and informative. He introduced many accounting concepts in a very simple manner and made it understandable to anyone in the meeting. His career path is very encouraging and deserves lots of respect. It is nice to meet such successful people like John Tjia. I wish we can have more presentations like this one.

  4. John’s presentation yes, was very organized. I believe a lot of work went into it thus commendable. The presentation was smooth. You know, John are you sure you do not a background in Accounting? You did justice to the subject.

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  6. This is a great event that offers potential opportunities to graduates. We met many many leaders, specialists, and professionals in various industrial areas, such as accounting, bank, technology and finance. We learned more information form these professionals’ perspectives. It was absolutely helpful to graduates like us to expand our horizon for individual development in the future.

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