Putting together a successful financial model is all about cutting out perfectly avoidable problems. In Part One of this blog series, we looked at the danger of using incorrect references or applying inconsistent labelling when attempting to create an effective financial model for your business. Here, we’re looking at more common pitfalls for you to […]
The key to effortless financial modelling is to minimise the risk of errors so that your business can operate based on the correct information. Having reviewed numerous models over the years, we see the same issues cropping up time after time. To help you avoid these pitfalls and create an effective financial model, we’ve compiled […]
Financial modelling is essential for providing you with the information you need to get the big decisions right. It can help you develop a resilient organisation ready for tomorrow’s challenges and, when done right, it can minimise the risk of error. So how do you start building an effective financial model? While no two models […]
The days where accounting and finance professionals have manual and time-consuming processes should be a thing of the past. The majority of finance professionals today will have Microsoft Excel in their personal toolbox, but are they using it to the best of its abilities? Circular references are one of those things most people have heard […]
Forecasting your company’s financial position has always been important. It helps you monitor business performance, budget for purchases, identify credit needs and see the potential impact of change. Cash flow forecasting is a key part of that, as it helps you make more informed business decisions. And because of two significant recent developments, it’s never […]
We understand how important it is to quickly get to grips with new models. That’s why we’ve pulled together the best modelling tools we’ve built over the years into our free nXt Excel toolkit.
Just over two years ago in January 2016, the IASB issued a new lease accounting standard – IFRS 16.
The Loan Life Cover Ratio (LLCR) is one of the ratios used to assess the project company’s ability to repay its debt.
The Debt Service Coverage Ratio (DSCR) is the most commonly used ratio in Project Finance. It is a periodic measure of a project company’s ability to meet its debt obligations.
A Debt Service Reserve Account (DSRA) is normally required by the lending banks if you are looking for project financing