SPECIALISTS IN FINANCIAL MODELLING

Why your Business DOESN’T need a Budget

OK, you’ve taken the plunge – gone out on your own – told the boss to stick it and set up your own business.    You’ve left the corporate world behind and you’ll be playing by your own rules from now on!  No more management hierarchies, no boring meetings, no...

Tips for mastering financial modelling of balance sheets

The Balance Sheet can be one of the trickiest financial statements to model, as several line items are the result of decisions you make for the other financial statements. Most importantly, getting your balance sheet to balance (and stay balanced!) can be quite a...

How to Stress-test Your Business Case

In a volatile economic environment, creating a business case for a new project or product which contains financial projections is an extremely difficult task.  Looking at historical data and extrapolating the numbers to create future projections simply doesn’t cut it...

Should you Upgrade to Excel 2007?

The upgrade from Excel 2003 to Excel 2007 is probably one of the most significant changes for Excel users yet.  There are many new functions, most of which are an improvement to 2003 but they do take some getting used to!  As a financial modelling consultant and...

Five Excel Formulas to make you cringe

When creating a financial model, there are always multiple ways to write a formula which will all give you the same result.  The key is to write formulas intelligently so they are easily deciphered by yourself at a later date, or by another party reviewing your...

Excel Model File Size Getting out of Hand?

Once you start getting a fair amount of data in your financial model, it’s pretty easy to end up with an enormous great big hairy Excel file which takes ages to calculate, especially if you are using an older version of Excel.  If you find your model getting out of...

Should we use Array Formulas in everyday models?

The array formula is probably one of the most powerful tools in Excel – but also the most under-used.  For some reason it is a tool that is shunned by many – even advanced users – of Excel.  But just because most people don’t know how to use them,...

Online training targets tight budgets

Plum Solutions is very pleased to announce the release of their first online course!  With more bad news regarding the economy every day, we are responding to market demand with this low priced training option.  Introduction to Financial Modelling in Excel is now...

Excel skills a key issue for professionals, survey shows

Thanks to all of the subscribers who contributed to our Financial Modelling attitudes, trends and uses survey! Key findings were:   1. Excel 2007 is still not widely used by Australian professionals at work. Despite the fact that Excel 2007 has now been available...