Extracted from her book “Financial Modeling in Exc
el for Dummies”, Danielle Stein Fairhurst explains ten useful strategies you can use to reduce error in financial models.
- Use the enter key
- Check your work
- Check it again (sense-check)
- Have someone else check it!
- Validate assumptions
- Document methodology
- Stress-Testing
- Sensitivities & Scenario analysis
- Take note of Excel Errors
- Build Error Checks
Resources
★ Download the accompanying file
★ Get your copy of “Financial Modeling in Excel for Dummies”
★ Learn Financial Modelling
