Inheriting a Financial Model

When you take over and start using a financial model that someone else has built, not only are you inheriting the original modellers’ inputs, assumptions and calculations, but you may also be inheriting their mistakes! Using someone else’s model involves taking responsibility for their work and you want to be confident it’s working correctly. Hear from financial modelling specialist, Danielle Stein Fairhurst during the Financial Modelling Summit as she draws from the second edition of her book, Financial Modelling in Excel for Dummies, to learn some simple ways to check, audit, validate and, if necessary, correct legacy models so that you can be confident of the model’s results. (more…)