Unlock the code Layout and Structure (Part 1)
In the second blog in our series about the ICAEW Financial Modelling Code, we look at Layout and Structure. There is a lot in the Code on this subject, so we’ll split it over two blogs, this week, looking at structure, next week at navigation and inputs
Unlock the code – Model Definition & Purpose
This is a new series of blogs in which we will dig into the new ICAEW Financial Modelling Code. Sign up to receive the whole series here. You can also download our whitepaper describing the Numeritas approach to complying with the Code here: download our whitepaper
IFRS 16 Readiness & the Minefield of Adoption
Just over two years ago in January 2016, the IASB issued a new lease accounting standard – IFRS 16.
PF Basics Part 4: The LLCR an extension of, and complement to, the DSCR
The Loan Life Cover Ratio (LLCR) is one of the ratios used to assess the project company’s ability to repay its debt.
PF Basics Part 3: An overview of the DSCR
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.
PF Basics PART 2: Understanding Lenders’ Requirement of a DSRA
A Debt Service Reserve Account (DSRA) is normally required by the lending banks if you are looking for project financing
PF Basics PART 1: Why CFADS is key in Project Finance
In the world of Project Finance, a project’s capacity to generate cash is at its core. Cash Flow Available for Debt Service (CFADS) is a measurement of precisely this.
Alt-F11 not working. It might be your graphics card software
A couple of days ago the shortcut Alt+F11 stopped working in Excel on my laptop. I use this almost hourly to open up the Visual Basic Editor (VBE) and had become so used to using it that the frustration of not having it got me fuming… Time to put on my deerstalker and light up my pipe.
Why did Carillion fail?
Carillion had already identified for itself the top two risks that might cause failure. Here’s what they were:
Wetherspoon is ready for Brexit, are you?
Tim Martin, Wetherspoon’s chairman (and vocal advocate of Brexit) says he’s ready for Brexit and isn’t worried about a ‘no-deal’ cliff edge. How ready are you?
