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1. Why do we need a timing sheet?
This is to be used for estimating how long it will take to build a financial model.
This is a place to store the start date of the model
This is a place to store the start dates, end dates and counter (known as a time series) to be used in forecasting models. All data entry should occur once only and be clearly defined
2. When designing workbook structure, is it better to have more worksheets with fewer rows or fewer worksheets with more rows?
Fewer worksheets, more rows
Fewer rows, more worksheets
3. Which of the following statements is correct?
All data entry should only occur once and be clearly defined
The general layout for a financial model would normally show the inputs on the same worksheet as the Financial Statements
It is often better to try to modify an unrelated existing model than to build a model from scratch.
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