Bornapeskt
1891 Seymour St, North Bay ON P1A 0C7, Canada

Financial Modelling
Done Carefully

Structured courses for analysts who need to build reliable models — not just pass an exam.

Financial modelling course overview
About Bornapeskt

Where the work
actually begins

Bornapeskt was built in 2014 around a specific frustration: most financial modelling instruction stops at the formula level. It shows you how to write a DCF but not why the assumptions behind it are often wrong, and what to do when they are.

Our curriculum covers three-statement modelling, LBO structures, sensitivity tables, and scenario analysis — through assignments that require real decisions, not just replication.

Every module includes a case where the clean answer is wrong. Working through the reasons matters more than the answer itself.

Instructors review models submitted by learners and leave specific comments — on structure, on logic, on what would happen if an auditor looked at the same file. That feedback loop is the part most online programmes skip.

Analyst reviewing a financial model
14 Core modules across two curriculum tracks
6 Live case studies per track, reviewed individually
EN-CA Materials formatted for international learners

The people behind the curriculum

A small team of practitioners and educators who have worked across corporate finance, private equity, and financial reporting.

Instructor Beatrix Vándor

Beatrix Vándor

Curriculum Lead — Modelling

Spent eight years in corporate finance before joining Bornapeskt. Designs the three-statement and LBO modules.

Instructor Anoushe Karimi

Anoushe Karimi

Instructor — Scenario Analysis

Former financial reporting analyst. Leads the sensitivity and scenario modules, and reviews learner submissions.

01
Cases before concepts

Each module opens with a real situation — a model with a flaw, a set of conflicting projections — before explaining the underlying principle. Context first, theory second.

02
Instructor-reviewed submissions

Learners submit working Excel files. Instructors return specific comments — not scores. The goal is to understand why the model is structured the way it is.

03
Pacing set by the learner

No cohorts, no deadlines. Learners move at the speed that suits their schedule, and can revisit any module without restriction.

Canada
United Kingdom
Germany
Australia
Singapore
United States
Netherlands
India