Financial modeling is the event of building a model on a financial decision making situation. Simply it builds an abstract representation. It is designed for the purpose to calculate the performance of a financial asset or financial position of a business or any project. It is a mathematical model. Financial modeling is used by different users in various situations. Usually it relates either for accounting finance application, or to quantitative finance applications. The financial modeling has been gaining more acceptances over the years. Financial modeling can also be defined as converting a set of hypotheses about the behavior of markets into numerical predictions like firms decisions about investment or return on investment. In financial modeling courses they explain about different types of financial models like corporate finance models, risk management models, and structured finance models. In corporate finance models they explain about ratio analysis of financial statements, entity and projection valuation where as in risk management model they explain abut the discount rate risk, probabilistic measured risk, and in structured finance model- mortgage-backed securities, generalized asset-back securities. The goal of financial modeling courses is to build a complete and integrated model of financial statements. The benefits in learning financial modeling are that the person comes to know about the planning assumptions, forecasting the income statement, forecasting assets, capital expenditure, balancing the balance sheet and also completing the balance sheet, impacts on cash flow, modeling the cash flow statement, modeling the detailed debt structures, determining the debt capacity and structuring the debt.