The process by which a firm constructs a financial representation of some, or all, aspects of the firm or given security. The model is usually characterized by performing calculations, and makes recommendations based on that information. The model may also summarize particular events for the end user and provide direction regarding possible actions or alternatives.
Financial Modeling, 4th Edition (2014)
Financial Modeling and Valuation: A Practical Guide to Investment Banking and Private Equity, 1st Edition (2013)
Building Financial Models, 2nd Edition (2009)