Excel is used because it is the most flexible and customizable tool available . Software, as an alternative, can be too rigid and doesn’t let you understand each line of a business’ operations the way that Excel does.
Read moreWhat is the purpose of financial modeling?
Financial modeling is a representation in numbers of a company’s operations in the past, present, and the forecasted future. Such models are intended to be used as decision-making tools . Company executives might use them to estimate the costs and project the profits of a proposed new project.
Read moreWhy is Excel used for financial Modelling?
Financial modeling is one of the most highly valued, but thinly understood, skills in financial analysis. The objective of financial modeling is to combine accounting, finance, and business metrics to create an abstract representation of a company in Excel , forecasted into the future.
Read moreWhat Excel skills are required for financial Modelling?
The most important financial modeling skills are:
Read moreHow do you do financial modeling in Excel?
How to Build a Financial Model in Excel?
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