Designing How the Problem’s Answer Will Look When you’ve identified the problem that needs to be solved, it’s very tempting to dive straight in and begin the model-building process, but it’s a good idea to stop for a moment to plan the model and determine how the output will look. When it comes to building […]
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Planning and Designing Your Financial Model lanning and design can sometimes be the most difficult part of building a financial model — especially for those of us whose skills are more technical and numerical than visual. When building your model, you need to pay close attention to the design layout and ensure that it’s clear,
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Looking at Alternatives and Supplements to Excel Excel is often called the “Swiss Army knife of software” or the “second-best solu- tion” because you can do practically anything in Excel, but it’s not always the best tool for the job. You can write a letter in Excel for example, but Word is a much better
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Recognizing the Dangers of Using Excel Financial modelers, like anyone working extensively with Excel, are very aware of the inherent risks involved. According to a study by Ray Panko, who is a leading authority on spreadsheet practices, close to 90 percent of spreadsheets contain errors. Some managers treat models as though they are able to
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Getting Acquaintedwith Excel or most people, Microsoft Excel and financial modeling go hand in hand. Given the title of this book, it should come as no surprise to you that I assume you’ll be using Excel. In order to build a financial model, you need at least a working knowledge of Excel. So, before jumping
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Introducing Financial Modeling he demand for financial modeling skills has increased exponentially in recent years and many job listings for finance positions now include “finan- cial modeling” as a core skill. If you’re reading this book, you’ve probably already discovered how important this skill is, and you know that learning finan- cial modeling will increase
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