SPECIALISTS IN FINANCIAL MODELLING

Excel Model Review Tools you need to know

It is well-documented that up to 90% of spreadsheets contain errors and although any individual mistake may be small, they can quickly add up. Checking for errors is an important part of the financial model build and there are many native Excel tools that can be used for this purpose. (more…)

Excel for Microsoft 365 Game Changers

Excel today is not the Excel of yesterday. Dynamic Array Functions and Custom Data Types are just two of the relatively new must-know game-changing features. In this session, Microsoft trainer Mike Thomas gives us a tour of the most useful techniques, incorporating practical use cases that can help take your productivity in Excel to the next level.

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Panel Discussion: Women in Financial Modelling

At the recent Financial Modelling Summit, Danielle Stein Fairhurst hosted a panel discussion on the important topic of “Women in Financial Modelling” with ModelOff Champion Hilary Smart, top ranking FMWC competitor Stephanie Annerose and Partner at Mazars Rickard Warnelid. Not only are the financial modelling and Excel competitions still lacking in female competitors and champions, but there’s a shortage of female senior leaders in many companies, particular in the modelling space. (more…)

Financial Modelling Awards

We are pleased to announce that Danielle Stein Fairhurst has been awarded the 2022 Lifetime Achievement Award at the recent Financial Modelling Summit. The awards are held annually with the purpose of celebrating the financial modelling profession. The Lifetime Achievement Award is designed to recognise the recipient as one who has consistently served to move the profession forward whilst raising the profile of financial modelling.

Full 3-way Financial Modelling using Dynamic Arrays

Best practice financial modelling in Excel has always been to enter your formulas in blocks. Enter a formula, then copy this across and possibly down also, making sure you have your absolute and relative references set correctly.

This is very useful because it is faster to build a model, easier to enter lots of formulas, less error-prone and easier to audit, all very desirable things when you’re constructing a financial model! Excel’s dynamic array functions take this concept to a whole new level because they automatically copy themselves. The dynamic array functionality has improved recently & now, with a bit of thought & planning, it can be applied to building a full financial model.

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Virtual Meetup: “Advanced” Excel Skills and other Misnomers

One of the cornerstone skills for a financial modeller is Excel proficiency, but what really defines advanced Excel skills? When asked to rate their own Excel skills, users will typically over-rate or under-rate their own prowess with terrifying inaccuracy. Compared to colleagues you might be considered the go-to person, but in a different environment, you might be just average. So how can you accurately describe your skills on your CV or assess those of a potential new hire? (more…)

Virtual Debate: Fractional, Virtual or Outsourced CFOs

What’s the difference between a fractional, virtual or outsourced CFO? How much strategic planning, forecasting and financial modelling do they actually do, or are they just glorified bookkeepers over-charging at CFO rates? A good CFO will build forward-looking financial models to help businesses make better decisions but an external consultant marketing themselves as a fractional, virtual or outsourced CFO can simply manage day to day cashflow, month end and process payroll, receivables and payables, so misrepresenting and devaluing the role of the CFO. (more…)

Problem-solving with Financial Models 

Excel is a versatile piece of software and the techniques used to build financial models can also be applied to solve other problems using Excel. Many modellers compete in various competitions which explore the use of Excel for recreational problem solving where we can often develop or pick up new techniques and methods that prove useful in traditional modelling situations. (more…)