This guidebook and teacher's guide accompany a personal computer software program and introduce the key elements of financial projection modeling to project the financial statements of an industrial enterprise. The student will then build a model on an electronic spreadsheet. The guidebook teaches the purpose of a financial model and the steps involved in preparing, then using a model. Emphasis is on using a model not simply as a computational aid, but as an effective financial planning tool. Nine sections cover these topics: modeling financial projections, spreadsheets and projection models, projection research and assumptions, modeling the projected income statement, modeling the projected source and application of funds, modeling the projected balance sheet, modeling the projected ratio analysis, projecting a second year's data, and analyzing the complete financial projections. Appendixes include a printout of financial projection model PROJMOD and spreadsheet logic for financial projection model PROJMOD. The teacher's guide contains information on the following: course material; requirements, including course requirements, computer literacy, hardware, and software; class schedule for a five-unit course; comments on teaching methods; solutions for questions and answers; an additional exercise that can be assigned after all topics are mastered; and a chart detailing financial modeling's reliance on diverse academic subjects. (YLB)