Excel Workouts: Investment Appraisal Models Exercise

In-person teaching Classroom
Exclusive online content Webinar

In this interactive course participants are tasked with building out a valuation model which automatically flags investment decisions based upon NPV/IRR analysis.

The model contains sensitivity analysis and the ability to solve for a property valuation which targets a certain MIRR (since investment cash flows depend on property initial property value).

The hands on exercise introduces individuals to a range of Excel intermediate skills.


This Investment Appraisal Models course is for individuals who are new to Excel.

Learning Outcomes

By the end of the session, delegates will be able to:

  • Use a range of techniques to work with worksheets
  • Apply a variety of page setup techniques
  • Apply styles to cells and ranges in a worksheet
  • Use common worksheet functions
  • Create more complex formulas and functions
  • Create and use defined names in a workbook
  • Apply a range of number formatting techniques to worksheet cells
  • Apply conditional formatting to ranges in a worksheet
  • Use decision metrics to determine the values required to reach a desired result
  • Create simple PivotTables
  • Use a range of functions and features to produce charts
  • Select and change the format of objects in a chart

Course Content

  • Building out the model with discipline: Cell Styles
  • Decision Metrics: NPV, IRR, MIRR
  • Conditional Formatting: Cell rules
  • What-if Analysis > Goal Seek: Value the Property using any target MIRR. Data Tables – sensitivity analysis
  • Workbook and Sheet Protection: Locked, Hidden Cells
  • Excel analytics basics
  • System familiarity: toolbars, formula bar, settings
  • Conditional formatting, cut, copy, paste, insert
  • Taking a large .csv file of price data
  • Formulae and referencing. Basic mathematical functions
  • Functions including logical, text, database, lookup, pivot tables and their uses in finance
  • All based on the systems and functions expected of first year Analysts
  • Producing table and charts
  • Building simple valuation models.


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