The main financial modeling methods are (1) building a model from scratch, (2) building on someone else’s work, and (3) using a template and redesigning it. All three methods are very common, and the best approach will depend on how much time is available, what the use of the model is, and your own personal or company preference.
CFI is the official global provider of financial modeling and valuation analyst FMVA Designation. CFI's mission is to help anyone become a world-class financial analyst and has a wide range of resources to help you along the way. In order to become a great financial analyst, below are some additional questions and answers for you to explore further:
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