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Financial Modeling Tips

List of Financial Modeling Tips

Here is a list of top financial modeling tips: (1) always keep the model as simple as possible, (2) separate assumptions or inputs from calculations or formulas, (3) avoid adding any hardcodes within a formula, (4) avoid excessively completed formulas, (5) clearly label assumptions and formulas with color coding, (6) create your own error checks, (7) perform sensitivity and scenario analysis, (8) create charts, graphs, and tables to display the results, (9) stress-test and sense-check the model, and (10) summarize your analysis in a presentation.

Additional Questions and Answers

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:

  • What is are the types of financial models?
  • What is sensitivity analysis?
  • What is bookkeeping?
  • What are the most common valuation methods?

Example Excel Model

Below is a screenshot from one of CFI’s online analyst training and certification courses, offered 100% online.

To learn How to Build an Excel Model step-by-step, click on the image below.

financial modeling questions and answers

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