How do I know what is going on in my kitchen when I am upstairs in my bedroom?
If that's a question that is a concern to you, then you might have considered some sort of surveillance device. A web cam, perhaps.
Such a device exists in Excel – designed to answer the question: "how do I know...
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We publish articles on topics that we think will interest you and are always pleased to consider contributions from guest bloggers.
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...
We are launching a new version of F1F9’s keyboard shortcuts. You will find them available to download in an Excel workbook just below.The shortcuts are stored as macros in the workbook. On opening the workbook, you may need to click on “Enable Content” or “Enable Macros” to make sure things run properly.
“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...
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...
The following text is taken from our ebook - 10 signs spreadsheets are killing your finance function:
Last minute panic buying of birthday presents.
Missed gym appointments.
You hear ‘aren’t you meant to be somewhere else?’ more often than you’d like.
Errors will happen. It is an unfortunate fact of life, whenever humans are involved with complex data manipulation and modelling, errors occur.
A financial modelling manager needs to create an environment where any member of the modelling team can feel comfortable notifying them as soon as an...
We have taught analysts from hundreds of companies to build financial models. Financial modelling proficiency requires skills that take time to acquire, develop and perfect.
Sometimes the difficulties students have are related to how to build their model. More often, difficulties relate to what...
The article below is taken from our new ebook: Managing Modelling - How to run an effective modelling team - you can download the full ebook here.
Modelling should be a collaborative team-based activity, not an individual activity.
Building team spirit and a collaborative environment is...
Building financial models is an inherently difficult and complex task.
Most guidance on managing the model build process recommends a traditional life-cycle approach of Specify, Design, Develop, Test, Deploy.
When applied to most financial modelling assignments this approach doesn’t...