From the course: Excel Modeling Tips and Tricks
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Assessing a financial model - Microsoft Excel Tutorial
From the course: Excel Modeling Tips and Tricks
Assessing a financial model
- [Narrator] For a lot of analysts out there, the reality is that you may not be building financial models as often as you're using them. So let's talk about how we assess a financial model that you might not have built, but you're still going to use on a regular basis. So the idea here is that most people often use models that are built by others. The reality is large organizations have dozens or even hundreds of Excel models, and these are designed to track everything from say, employee expense reimbursement to product or SKU profitability, and everything in between. We've got an Excel model for just about every aspect of most businesses, but no single person builds all of these models. So we need to be able to go through and look at a model and evaluate the accuracy of it. Sometimes we'll need to update it. For instance, the model was built by somebody else, perhaps a predecessor at the firm, and we need to make changes to it. Or maybe the model was built by somebody else within…
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