Financial Models in Excel are spreadsheet-based models that aim to forecast and analyze financial data for decision-making purposes. These models help users create accurate and comprehensive financial projections, perform scenario analysis, and evaluate investment opportunities. By utilizing formulas and functions in Excel, financial models enable users to organize and manipulate data efficiently. The availability of financial models templates further simplifies the modeling process as they provide pre-designed frameworks that can be customized according to specific needs. These templates serve as a starting point and enable users to save time and effort while ensuring accuracy in their financial analysis.