How to build a financial model from scratch

So you’ve just been told that a model is required and you’ve been lucky enough to be chosen to build it. You enthusiastically open up Excel ready to jump right in, when you face the initial panic of dealing with a completely blank workbook!

Problems with the IRR in Excel

Many organisations rely on the IRR as a measure of the success of a project. There are, however, some technical issues with using the IRR function in Excel, as well as some general issues that the user should be aware of.

Cheaper model reviews

The way you build your spreadsheet model can dramatically affect the time and cost of having it reviewed – read on to find out how: