Timothy Here,
Recently, I announced the launch of a new and updated financial modelling video. However, you are yet to take action for reasons best known to you. You may be absolutely right or you may be wrong but let’s examine 6 differences between Financial Modelling and Excel since you are currently judging by what you know.
You may have thought that a financial model was basically just an Excel spreadsheet, but as you know, not every spreadsheet is a financial model. People can and do use Excel for all kinds of purposes. So, what makes a financial model distinct from a garden-variety spreadsheet? In contrast to a basic spreadsheet, a financial model is
1. Is more structured. A financial model often includes a set of standard financial forecasts — such as a profit-and-loss statement, a balance sheet, and a cash flow statement — which are based on those assumptions.
2.It Is dynamic. A financial model contains inputs that, when changed, impact the calculations and, therefore, the results. A financial model always has built-in flexibility to display different outcomes or final calculations based on changing a few key inputs.
3.Shows forecasts. Financial models are almost always looking into the future. Financial modelers often want to know what their financial projections will look like down the road.
4.It is scenarios based (hypothetical outcomes) Because a model is looking forward instead of backward, a well-built financial model can be easily used to perform scenario and sensitivity analysis. What would happen if interest rates went up? How much can we discount before we start making a loss?
5.A financial model will use relationships between several variables to create the financial report, and changing any or all of them will affect the output. For example, Revenue in Month 4 could be a result of Sales Price X Quantity Sold Prior Month X Monthly Growth in Quantities Sold.
Why Financial Model Matters a lot to You?
Financial models are usually built to solve real-world problems, and there are as many different financial models as there are real-world problems to solve. Generally, as an accountant you use Excel for the purpose of finance you will need a financial model for yourself.
As a financial modeler you can put substance to the idea by augmenting the details enough to get a working model upon which decisions can be made, investor funds can be gained, or staff can be hired.
For example, financial models can help a production manager decide whether to purchase a new piece of machinery. It can also help an
Now that you have understood what Financial Model is all about, you can easily decide what is right for you then get your 2019 started on a brighter note by getting your own Comprehensive Financial Modelling Videos at 50% discount Click on the below link or call 08082366372,08090820787 to Order Now before it ends within the Next 14days
http://platinumgoldsolutions.com/financialmodelexpert/
Dedicated to your Growth and Success
Tim Jibodu ACA, ACTI
P.S. I sincerely understand if you don’t take action now. However, you need to invest in yourself, secure your future, become indispensable NOW; not tomorrow for Luck, chance and opportunity is not within your control. What you can control is your growth Click on the below link or call 08082366372,08090820787 to Order Now before it ends Soon.http://platinumgoldsolutions.com/financialmodelexpert/