There are two basic types of line item in financial models – flows and balances. Balances are amounts at a point in time. Balances can be financial or non financial. Every balance has similar properties. This blog explains what those properties are, and gives a standard model component that can be used for all balances. […]
“If you want to make enemies, try to change something” Woodrow Wilson Despite what we modelling geeks might like to think, people are both rational and emotional. Which makes standardised modelling practices difficult to implement. Our ebook ‘How to Standardise Modelling’ helps modellers understand some of these challenges Psychologist Jonathan Haidt likens our emotional side […]
It’s always interesting to pass the time with a fellow traveller on a long-haul flight. In this instance, I was on a regular trip to New Delhi to visit F1F9’s head office. My neighbour was the head of internal audit for a FTSE 100 company. We talked about Excel, of course, and how a business […]
