The top 10 financial modeling rules are (1) format inputs in blue and formulas in black, (2) simplify the model as much as you can, (3) don’t hardcode numbers into formulas, (4) use grouping instead of hiding cells, (5) break down complex formulas into multiple steps, (6) run error checks, (7) stress test the model, (8) use comments in cells, (9) run scenario and sensitivity analysis, and (10) use charts and graphs to summarize information.
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In order to become a great financial analyst, below are some additional questions and answers for you to explore further:
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