What Does Financial Modeling Mean?
Financial modeling means understanding how a business generates cash flowCash FlowCash Flow (CF) is the increase or decrease in the amount of money a business, institution, or individual has. In finance, the term is used to describe the amount of cash (currency) that is generated or consumed in a given time period. There are many types of CF, what the key performance drivers are, and determining how much the business might be worth to a rational investor. Many careers involve financial modeling, such as investment bankingInvestment Banking Salary GuideOur investment banking salary guide covers several jobs in the investment banking sector and their corresponding ranges of salaries for 2018. There are three main areas in an investment bank: investment banking division, sales and trading, and asset management., equity research, and corporate development. Building a financial model means having a strong knowledge of accountingFinancial Accounting TheoryFinancial Accounting Theory explains the why behind accounting - the reasons why transactions are reported in certain ways. This guide will, finance, and Excel. It requires a high degree of attention to detail.
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