About this lesson
A summary of what we covered in the Financial Modeling Techniques course.
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Summary of what we've covered in the Financial Modeling Techniques course so far.
When to use
When constructing a basic Financial Model.
In summary, we applied what we first covered in the Basics course, building on that knowledge by applying the ideas to build a financial model.
- Craft Models should adhere to the following four key qualities:
- Model Layout tips and tricks
- Importance of checks
- Used key functions but few and not that complex - KISS
- Financial Statement Ideology – not all created equally.
- Conceptual order described in Goldilocks analogy: Income Statement (smallest) --> Cash Flow Statement (middle) --> Balance Sheet (largest).
- It was important to understand the key concepts and ideas, (but not necessarily all of the calculations) that you can apply to building your own models.
- Remember, when building a financial model, ensure it is broken down into its constituent parts, breaking it down one piece at a time.
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