Financial Modeling World Cup

FMWC vs MEWC vs MECC 🤔 We often receive questions from our community about the differences between our competitions: Financial Modeling World Cup, Microsoft Excel World Championship, and Microsoft Excel Collegiate Challenge. That's why we have prepared a guide comparing these 3 competitions and outlining the main differences! 💡 Hope you find this useful! 👍🏼 Let us know in the comments if you have any other questions that are not answered in this guide! 👇🏼

🚨 BREAKING NEWS! 🚨 The stakes just got even higher at the Microsoft Excel World Championship 2024! 🏆💸 Thanks to the incredible support from Sheetcast, we're thrilled to announce an increase in the MEWC 2024 prize pool to over $60,000! Our goal is to ensure that every player who reaches the Last 32 Round in the Online Rounds can join us in Las Vegas. To make this happen, we’re guaranteeing at least $1,000 in prize money to each Last 32 player who attends the Las Vegas finals. If a player doesn’t make it to the finals on Day 3, they’ll still receive the $1,000. However, if a player does qualify for the finals, their prize will be determined based on their final placement. This is our way of incentivizing and supporting everyone who makes it to the Last 32 to join us in Las Vegas for an unforgettable championship experience! Get ready for the ultimate Excel battle and see you in Las Vegas! 🥇

📢 Exciting Partnership Announcement! 📢 We’re thrilled to welcome Sheetcast as a new sponsor for the Financial Modeling World Cup! 🎉 Their support will extend across the Microsoft Excel World Championship 2024 and The Active Cell Training Camp in Las Vegas, as well as the upcoming Excel Esports season! 🌟 Sheetcast is transforming how we work with Excel, allowing for the seamless creation of web apps that make your spreadsheets and models more powerful and versatile than ever. Their innovation aligns perfectly with our mission to push the boundaries of financial modeling and data analysis. 📈 With Sheetcast on board, we’re more equipped than ever to deliver an unmatched experience for our competitors and participants, filled with high-stakes competition, groundbreaking learning, and cutting-edge Excel tools. 🚀 We want all the participants who made it into the Last 32 round in the Online Rounds to come to Las Vegas. Thanks to the support of Sheetcast, we are increasing the MEWC prize pool to $60,000+. This means that all players in the Last 32 will be now guaranteed at least $1,000 in prize money, regardless of their result in Las Vegas. 💰

10 Accounting Concepts You Should Know 💡 ❗️Download a free high-resolution PDF on our website (link in the picture). 1️⃣ Accounting Equation Assets = Liabilities + Equity This foundational equation represents the balance sheet and shows that a company's resources are funded by either debt or equity. 2️⃣ Double-Entry Accounting Every financial transaction impacts at least two accounts, with debits and credits ensuring the equation stays balanced. 3️⃣ Accrual vs. Cash Basis Accounting Accrual accounting records income and expenses when they’re earned or incurred, while cash basis records them when cash is exchanged. 4️⃣ Chart of Accounts A list of all accounts used in a company’s financial statements, divided into assets, liabilities, equity, revenue, and expenses. 5️⃣ General Ledger The main accounting record that compiles all transactions in each account, serving as the basis for financial reports. 6️⃣ Trial Balance A summary of all account balances at a specific date, used to verify that debits equal credits. 7️⃣ Depreciation and Amortization Methods to allocate the cost of tangible (depreciation) and intangible (amortization) assets over their useful lives. 8️⃣ Revenue Recognition Principle Revenue is recognized when earned, not necessarily when cash is received, based on accrual accounting. 9️⃣ Matching Principle Expenses are recorded in the same period as the revenues they help generate, aligning with accrual accounting. 🔟 Accounting Cycle The series of steps, from recording transactions to preparing financial statements, to ensure accurate financial reporting. Follow Financial Modeling World Cup for daily educational content! ✅

Microsoft Excel World Championship 2024 Last 32 & Last 16 Rounds are over! 🤩 Here are the updated Main Draw Brackets! 👇🏼 Congratulations to our Top 8 who are directly advancing to the MEWC 2024 Finals in Las Vegas on December 4: 1️⃣ Andrew Ngai 🇦🇺 2️⃣ Jack Franken, CPA 🇺🇸 3️⃣ Chris Clarke 🇬🇧 4️⃣ Britt Deaton, FSA 🇺🇸 5️⃣ Joaquín Alfonso Courreges 🇦🇷 6️⃣ Ben Gutscher 🇨🇳 7️⃣ Grayson Huynh 🇦🇺 8️⃣ Lianna Gerrish 🇺🇸 The rest of the Last 32 players who did not advance to the Top 8 - we'll see you at the MEWC 2024 Day 2 Competition, where you'll be joined by 36 players from the Last Chance Qualification Round and 4 wildcard players! 🙌🏼 If you want to take part in the Last Chance Qualification Round, get your ticket to The Active Cell Training Camp: https://lnkd.in/dhrTQYdZ or participate in the LCQR only: https://lnkd.in/dia8PPPJ The event is sponsored by Microsoft, Sheetcast, Order.co, Sigma Computing, Oehm Automation, Vertex42 LLC, and Financial Modeling Institute (FMI)! 🫶🏼 If you missed tonight's livestream, catch up on all the action here: https://lnkd.in/dSxTrYPr See you all in Vegas on December 1! 🎉 #excelesports #mewc

Microsoft Excel World Championship 2024 Last 32 & Last 16 Rounds are over! 🤩 Here are the livestream results! ⬇️ Let's give a round of applause to our livestream players who fought hard to advance further in the brackets: Chris Clarke & Juan José Cifuentes Frerk, Anders Richter Lindén & Sameer Jagetia, Lianna Gerrish & Chris Wilson, and Josh Bruce, CFA & Diarmuid Early! 💪🏼 Congratulations to Chris Clarke and Lianna Gerrish for making it to the Top 8 - we'll see you at the big MEWC Finals in Vegas on December 4! 🥳 Thanks to the case authors Nick Boberg, CFA and Julien Lacaze! 🙌🏼 The event is sponsored by Microsoft, Sheetcast, Order.co, Sigma Computing, Oehm Automation, Vertex42 LLC, and Financial Modeling Institute (FMI)! 🫶🏼 If you missed the livestream, catch up on all the action here: https://lnkd.in/d7X4FSNq Stay tuned for the full results! 👀 #excelesports #mewc

Microsoft Excel World Championship 2024 Last 32 & Last 16 Rounds for Europe, Africa, and the Americas start in ONE HOUR (5 PM London time)! 🥳 Good luck to all the participants! 💪🏼 If you have any questions or technical issues, please reach out to info@fmworldcup.com The event is sponsored by Microsoft, Sheetcast, Order.co, Sigma Computing, Oehm Automation, Vertex42 LLC, and Financial Modeling Institute (FMI)! 🙌🏼 #excelesports #mewc

Updated: ❗️Attention ❗️ After carefully examining the Asia/Pacific L32&L16 Results, we have disqualified Cédric Morgan Rasolofo from the competition due to cheating! We got evidence that Cédric Morgan Rasolofo, one of our participants, got access to a computer owned by one of our case testers. Cédric was able to copy a version of the competition case file (and the tester’s solution) and prepared his solution in advance. This has given Cédric an unfair advantage over the other players, which is deemed cheating by the Organizers. Cheating will never be tolerated in our competitions. Our decision is to exclude Cédric Morgan Rasolofo from existing and future FMWC, MEWC and MECC competitions, withholding any applicable prize money or bonuses. We have retrospectively recalculated the match results in the part of the Main Draw that was affected by this decision. Note that this decision has nothing to do with using AI, Lambdas, Excel Add-Ins or other pre-created tools. These are all allowed and legal in our competitions.

Microsoft Excel World Championship 2024 Finals is Returning to ESPN3! 🤩 Watch the ultimate Excel showdown live on ESPN3 on December 2, 9 PM PT! 📺🌟 The event is sponsored by Microsoft, Sheetcast, Order.co, Sigma Computing, Oehm Automation, Vertex42 LLC, and Financial Modeling Institute (FMI)! 🙌🏼 You don't wanna miss it! 👀 #excelesports #mewc

Microsoft Excel World Championship 2024 Last 32 & Last 16 Asia/Pacific Rounds are over! 🤩 Here are the results! ⬇️ Let's give a huge round of applause to the first 3 people qualifying for the MEWC 2024 Finals in Las Vegas: Andrew Ngai, Ben Gutscher, and Cédric Morgan Rasolofo! 🥳👏🏼 Thanks to the Asia/Pacific Rounds case authors Harry Seiders and Brian Wright, CFA, CAIA! 🙌🏼 The event is sponsored by Microsoft, Sheetcast, Order.co, Sigma Computing, Oehm Automation, Vertex42 LLC, and Financial Modeling Institute (FMI)! 🫶🏼 Stay tuned for the evening session when the rest of the Top 8 players will be announced! 👀 #excelesports #mewc