The concept of "control accounts" is to break down multiple changes to a model variable instead of including every change in one huge and incomprehensible formula.
In recent years, "Financial Modelling" in the sense of developing an integrated business plan has evolved into a thriving field for specialised consultants. This article portraits the main players.
Some financial models need to reference stock quotes at certain dates. Instead of using those as hard-coded input data, you can create an Excel formula that will retrieve stock prices for a given date.
Sometimes, you will need to work with geographical coordinates in Excel and/or PowerPoint. This article shows you how to use Excel to work with coordinates and calculate the distances between locations for advanced mapping problems - it is pretty easy with only a handful of formulas. Continue reading "Using Maps and Geographical Coordinates in Excel"
Successfully building a financial model can be a complex process. This article shows you the main steps you should follow.
It is essential to define number formats in Excel in order to improve the usability of your model and the readability of its reports. This article explains how to do that.
For more complex financial models, macro can become an integral part of the calculations. Letting them operate can slow down the work - in extreme cases up to hours. This article explains ways to speed up your macros.
Asset utilisation plans are a simple way of presenting clearly the use of assets over a projected period. They are particularly important in industries with high variability or flexibility when it comes to renting and using assets.
One practice established among Excel power-users is to use "1" and "0" within data tables to indicate a "yes" or "no" or similar two-way attributes. The usage of such "binary" flags will be explained in this article.
Financial models are complex constructs with sometimes gigantic sheets. Using cell formatting within Excel helps you to keep an overview.