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Financial models are often the source of stress for financial controllers. This isn’t surprising, especially because the key business decisions they are designed to support rely on multiple information sources.
However currently, too many businesses and projects accept unwieldy logic as ‘inevitable.’ As a result, financial controllers spend more time trying to understand and extract accurate information from their models and less time optimising, sense checking and analysing the data it was designed to provide.
This is causing a number of negative outcomes such as slower business decision making, increasing inefficiency, significant time wasting, and decision making based on inaccurate information.
To combat this, ‘Financial modelling for business: Key causes of spreadsheet error and best practice plan, design, build and audit processes’ gives financial controllers like you much-needed information on:
- Guidelines for best practice financial model building, from planning through to auditing… which means you have the tools to build a more dependable financial reporting system
- A reliable source with which to cross-reference and sense check your current financial model… which means you are able to spot improvement areas and extract more valuable, reliable data
- Common errors, ways to combat bad modelling habits and how to ultimately avoid inaccuracies in the future…which means less stress for those who manage models and less embarrassment for those who rely on their outputs to inform decision making