Approach to Financial Modeling
Building reliable and thorough models needn’t be a painful process—as long as one sticks to the basic principles. Before one starts to build a financial model, it is essential to plan the design and structure of the model. The planning stage of the model is very important. This is particularly true with a large, complex model that has a number of separate worksheets. One needs to have a clear understanding of the aims and objectives of the model so that the model can be designed in strict conformity with the same. The objective could either be to generate a profit and loss account, balance sheet and cash flows statement or to compute the price to be paid for the target or to compute the target requisite ...
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