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## About this lesson

Quick review on the essential skills and topics brought up in the Financial Modeling Basics course.

## Exercise files

There are no related exercise files for this lesson.

## Quick reference

### Overview

An overview on the application of Financial Modeling Techniques.

### When to use

To refer to when building a financial model.

### Instructions

- Models should adhere to the following four key qualities:
**C**onsistency**R**obustness**F**lexibility**T**ransparency

- Key Concepts in Financial Statement theory:
- Financial statements theory
- Financial statement types
- Meaning of “three-way integrated”
- Linking the statements

- Construct the basic model first
- Financial statements modelling
- How do you eat an elephant?
- Getting the order right
- Importance of checks
- Part by part – only ever one mistake away

- Financial statements theory

Lesson notes are only available for subscribers.