...CHAPTER 1 What Is Financial Modelling? here are all sorts of complicated definitions of financial modelling, and in my experience there is quite a bit of confusion around what a financial model is exactly. A few years ago, we put together a Plum Solutions survey about the attitudes, trends, and uses of financial modelling, asked respondents “What do you think a financial model is?” Participants were asked to put down the first thing that came to mind, without any research or too much thinking about it. I found the responses interesting, amusing, and sometimes rather disturbing. Some answers were overly complicated and highly technical: n T n n n n “Representation of behaviour/real-world observations through mathematical approach designed to anticipate range of outcomes.” “A set of structured calculations, written in a spreadsheet, used to analyse the operational and financial characteristics of a business and/or its activities.” “Tool(s) used to set and manage a suite of variable assumptions in order to predict the financial outcomes of an opportunity.” “A construct that encodes business rules, assumptions, and calculations enabling information, analysis, and insight to be drawn out and supported by quantitative facts.” “A system of spreadsheets and formulas to achieve the level of record keeping and reporting required to be informed, up-to-date, and able to track finances accurately and plan for the future.” Some philosophical: n “A numerical...
Words: 17366 - Pages: 70
...Level 3 Extended Diploma in Business | Unit 42: Spreadsheet Modelling | Learner name | Assessor name | Martyna Litvinaite | Irene McCourt Francesse Mooney | Date issued | Hand in deadline | Submitted on | 15/09/14 | Task 1 15/10/14 Task 2 12/12/14 Task 3 20/03/15 Task 4 29/05/15 | 15/10/1410/12/14 | | | Assignment title | GamerWorld | In this assessment you will have opportunities to provide evidence against the following criteria. Indicate the page numbers where the evidence can be found. | Criteria reference | To achieve the criteria the evidence must show that the learner is able to: | | Task no. | | Evidence | P1 | * explain how spreadsheets can be used to solve complex problems | | 1 | | Pages1-2 | P2P3M1 | * develop a complex spreadsheet model to meet particular needs * use formulae, features and functions to process information * refine a complex spreadsheet model by changing rules and values | | 2 | | 2 Spreadsheets | P4P5P6P8M2M3 | * use appropriate tools to present data * customise the spreadsheet model to meet a given requirement * use automated features in the spreadsheet model to meet a given requirement * export the contents of the spreadsheet model to an alternative format * analyse and interpret data from a spreadsheet model * compare different automation methods | | 2 | | | P1P7P9M4D1D2 | * test a spreadsheet model to ensure that it is fit for purpose ...
Words: 302 - Pages: 2
...Module number: U51001 Module title: Key Business Competences Contents Module introduction 1 Semester plan synopsis 2 Module syllabus 3 Week 1 – Module Introduction 7 Week 2: Operations with numbers 8 Week 3: Understanding Data 16 Week 4 – Charts and Graphing in Excel 31 Week 5 – Summarising data 45 Week 6 Reading Week 57 Week 7 & 8 – Principles of elementary modelling 58 Week 9 & 10 – Financial Modelling (1) 69 Week 11 & 12 – Financial Modelling (2) 81 Week 13 – Modelling and Data handling in business 97 Week 14 – Revision Week 107 Week 15 – In-class Test 108 Assessment details 109 Regulations 110 A note on equal opportunities and diversity 114 Module introduction Introduction This module ensures that all students have the necessary numerical skills to proceed with the rest of their degree in Business and related fields. As a compulsory module it must be passed and a maximum of three attempts can be made to pass it, with a resit opportunity for each attempt. Past student comments on the module “Yes it is really enjoyable – I liked the course” “The lecturers are very helpful and friendly” “The handbook is really informative” “Very clear and well explained” “It is very interesting but at the same time very complex” “Maybe make the lectures and seminars more interactive” “Quickly go over the initial mathematics and spend more time on the more complex parts of the module” ...
Words: 27701 - Pages: 111
...Section 14: Data Analysis Mark Nicholls – ICT Lounge IGCSE ICT – SECTION 14 DATA ANALYSIS MICROSOFT EXCEL STEP BY STEP GUIDE Mark Nicholls ICT Lounge Section 14: Data Analysis Mark Nicholls – ICT Lounge Data Analysis – Self Study Guide Contents Learning Outcomes ……………………………………………………………………………………… Page 3 What is a Data Model? ..................................................................................... Page 4 Spreadsheet Basics…………………………………………………………………………………………. Page 4 – 6 Resizing Column Widths…………………………………………………………………………………. Page 6 Autofil…………………………………………………………………………………………………………….. Page 7 Absolute Cell Reference…………………………………………………………………………………… Page 8 Printing Spreadsheet Values………………………………………………………………………….. Page 9 Printing Spreadsheet Formulae……………………………………………………………………….. Page 10 Basis Formulae (Operators)……………………………………………………………………………. Page 11 – 13 Naming Cells and Cell Ranges………………………………………………………………………… Page 14 – 15 Introduction to Functions………………………………………………………………………………… Page 16 SUM Function……………………………………………………………………………………… Page 16 – 17 AVERAGE Function……………………………………………………………………………… Page 18 MAX Function…………………………………………………………………………………….. Page 18 MIN Function……………………………………………………………………………………… Page 19 Alternative to Typing in Functions………………………………………………………………….. Page 19 – 20 Activity 1 ………………………………………………………………………………………………………… Page 20 INT Function ………………………………………………………………………………………. Page 21 – 22 ROUND Function ……………………………………………………………………………….. Page 22...
Words: 5903 - Pages: 24
...MINDMANAGER PRODUCTIVITY APPLICATION PROGRAM Ivanna Escudero Florida International University MAN 3025 June 10, 2016 Executive Summary Mindjet has a new application program that integrates flowcharts and concepts maps into the framework of the already established application. The application program will allow the firm that I work for in management and improve its organization’s system performance. The program upgrade has been launched with a new 2016 version labeled MindManager 2016 (Appendix 1). The application has 3 portfolios that facilitate the ease in organization of business, these are mind mapping, flowcharting and concept mapping. (Menaouer, 2015) To facilitate the ease in utilization of these portfolios, the new application contains a provision for combining them in a faction called diagramming. This is where we have mapping and map mapping combined in the single package program. This creates additional merit of mixing content types within a single map. The new program is quite effective on some critical business issues. Some of the issues addressed are brainstorming on ideas that affect the business in terms of proposing solutions. Secondly it facilitates the planning process in the business organization. Planning is vital in that it drives the goal acquisition process in the firm. Thirdly, the process improvement in the firm is of essence since it is a sure way to keep relevant in the market front and then stay afloat of the competition. Finally decision...
Words: 1571 - Pages: 7
...May 1, 2012 To: The Star plus Manufacturing Inc., Executive Members, Chief Executive Officer and All Others that this may concern: On April 24, 2012 the executive consulting offices of Hanns-G LLC, Have continued their investigation and Data Analyzing of the current business processes that have concurrently been in progress at Star plus Manufacturing Inc. Through our Time Spend at Star plus manufacturing Inc., we have conducted the following Business Analytics including but not limited too; Analyzing Qualitative Data, Analytics, Business Intelligence, Test and Learn, Business Processes, Statistics and Customer Dynamics. While Analyzing Qualitative Data; we have conducted Open-ended Questions, accepted written comments on questionnaires in order to generate Single word opinions, Brief Outlooks on company environment. We have also found some finding though daily business observations. During our Analytics practices, we have been able to develop optimal or realistic decision recommendations based on insights derived through the application of statistical models and analysis against existing and/or simulated future data. Business intelligence used a well-established process in guiding organizational change through using Computer-Based Techniques to identify, extract and analyze business data, such as Sales revenue by individual departments and products by each ones associated Costs and Income. Test and Learn methods in order to define the impact that, current strategies are...
Words: 521 - Pages: 3
...Homework 5: Oracle Crystall Ball MIS 6543 Business Analytics Fall 2013 Arkansas State University Instructor: Dr. Ahmad Syamil Due date: 8:00 PM, Wednesday, December 11, 2013. Name your homework files using your name and location, and then put them on Blackboard>MIS6543> Course Tools>Journals>Digital drop box>Create Journal Entry>Write an appropriate title and message including whether you are an online or face-to-face student> Attach file. Inform me by email after you submit your file. Of course you can submit your homework earlier. If you are an ASU Jonesboro face-to-face student, you must also submit the complete hard copy of your work under my office door (BU 406) by the due time. Do not submit the hard copy of the answer to each problem oneby-one. You can get Oracle Crystal Ball simulation software for chapter 13 from http://www.oracle.com/crystalball/index.html or http://www.oracle.com/technetwork/middleware/crystalball/downloads/index.html ?ssSourceSiteId=ocomen If you never register on the Oracle website, Oracle will ask you to register before downloading Oracle Crystal Ball (CB). Furthermore, you can only use the CB trial version for 2 weeks. Therefore, you should start working on this assignment no sooner than 2 weeks before the day you plan to submit this assignment. Using an older version of CB is also acceptable. Use Google. If you use one version for 2 weeks, you may be able to install another version for another 2 weeks. Consequently, you can use CB for 4 weeks....
Words: 2066 - Pages: 9
...Kudler Fine Foods is a company that has grown since the initial opening in 1998, and to manage with the growth Kudler selected Microsoft Access as the database to help track inventory, sales, orders, employees, and customers. Kudler’s inventory consist of perishable products, therefore inventory needs be accurately tracked. This paper will evaluate the design elements of the data tables from an accounting perspective, create an entity relationship diagram including a pivot table, recommend improvements to the data tables, and explain how the new diagrams will improve Kudler’s decision making for management. Table Analysis The data table analysis is vital to Kudler’s success. The data is organized into general ledger codes, inventory item, summary line item, and the total amount of the item’s transaction. The data provided in the analysis table, which are viewed by the users, shows how much money is spent on what product and which store. The description of the data table gives the total amount and quantity on hand for an item and calculating average price for an item. From an accounting perspective, the data tables are simple and easy to read. There are four headings. They include the GL Code, inventory item, summary line item and the amount. The GL Code helps to identify which store the item is located. For example, 12 stands for La Jolla, 13 identify the store in Del Mar, and 14 identify the Encinitas store. The inventory items identify what items are in the inventory. At...
Words: 567 - Pages: 3
...Alternative “C” Economic Analysis * Contains: 1. Tangible Benefits Worksheet 2. One Time Cost Worksheet 3. Recurring Cost Worksheet 4. Discount rates * Used to create Cost/Benefit Analysis Spreadsheets for possible alternative solutions. Cost/Benefit Analysis spreadsheet is located in doc sharing. * Description of Alternative C – Nova Corporation. (see page 151 in the book) 1. Industry Leader in CRM solutions 2. Large and complex 3. Pricing only based on modules purchased 4. License for the use of the system is middle of the row 1. Tangible Benefits Worksheet - Nova Nova - Alternative “C” Tangible Benefits Worksheet | A. | Cost reduction or avoidance | $12,500 | B. | Error reduction | $ 3,500 | C. | Increased Flexibility | $ 5,500 | D. | Increased speed of activity | $ 7,500 | E. | Improvement management/planning control | $15,000 | F. | Ease of interfacing with business partners | $16,000 | Total Tangible Benefits | $60,000 | 2. One Time Cost Worksheet – Nova Nova - Alternative “C” One Time Costs Worksheet | A. | Development Costs | $ 2,000 | B. | New Hardware | $ 1,000 | C. | Software License or Purchase cost | $19,500 | D. | User Training | $ 3,500 | E. | Site Preparation | $ 4,000 | Total One Time Costs | $30,000 | 3. Recurring Cost Worksheet – Nova Nova – Alternative “ C” Recurring Cost Costs Worksheet | A. | Software Maintenance | $ 2,500 | B. | Incremental Data Storage...
Words: 265 - Pages: 2
...BANK3004 Portfolio and Fund Management Assessment 2 – Generating Random Numbers in Excel You can choose ten companies at random using the Random Number Generator function of Data Analysis tool in Excel. When the tool is installed, the steps are: Data/Data Analysis/Random Number Generator. Here are the definitions of the input variables taken from Excel Help: Number of Variables Enter the number of columns of values that you want in the output table. If you do not enter a number, Microsoft Office Excel fills all columns in the output range that you specify. Number of Random Numbers Enter the number of data points that you want to see. Each data point appears in a row of the output table. If you do not enter a number, Excel fills all rows in the output range that you specify. Distribution Click the distribution method that you want to use to create random values. Uniform This is characterized by lower and upper bounds. Variables are drawn with equal probability from all values in the range. A common application uses a uniform distribution in the range 0...1. The dialog box, with the variables, is shown below. Here three lists of random numbers are requested – in case the first list has duplicated numbers. The companies are numbered from 2 to 69 in the data set. Choose the uniform distribution. Format the output to the nearest whole number to get your ten company numbers. In the example, the first column has no duplicated company numbers and so can be used without any adjustments...
Words: 317 - Pages: 2
...Executive Summery This work intends to explore the public relation and communication department under marketing department of Robi. It is an research which gives an over all idea about the activities of the department, in addition this research will find out what the different types (working class, student, housewives, employees) think about the PR activities of Robi. This research is based on questionnaire. The questionnaire was given from the Robi authority which was a pre-tested questionnaire having 5 questions. The sample technique was stratified random sample. Total 100 respondents from Dhaka city where taken for this research. Based on their answers the analysis has been made. The sample size is divided in to five (5) sub-categories namely student, housewives, working class, agency personnel, and lastly the Robi employees. Microsoft excel 2003 software was used for all sorts of calculation and graphical representation for the research. Based on the calculation all sorts interpretation and recommendation was given at the end. Each of the questions has its own calculation and diagram in this research paper. The literature review part was full of secondary information about the research. The terminological definition, explanations of the terms and detail of the departments are clearly described in this part of the research. In addition, company background part is added just for the readers to know more about the company and also the detail of the department of PR & communication...
Words: 326 - Pages: 2
...Kudler Fine Foods has been a successful organization due to many factors including hard work, dedication, and inventory control. As of now there are three locations with each location having their own inventory. Through hard work expansion of the organization was bound to happened, but also created the need to identify strengths and weakness of the current system, and determine if a more efficient method would be better. Kudler Fine Foods inventory is the backbone of the organization. A lot of cash is tied up in Kudler’s inventory making this a top priority to improve. Kudler needs a standardized ordering system to keep track of their inventory. As of now they are using a computerized ordering system, what they need is a system that will help them keep track of their inventory as it is sold or purchased. Kudler also needs an accounting system that will help them with payroll, accounts payable, and sales. A network that will connect sales, accounts payable, payroll, and inventory all together. Having a system that will connect all departments will allow for a more accurate financial statement. This will also allow for the managers to see expenses with each department, and see which item is being sold more. Another opportunity that Kudler needs is a system that would allow authorized personnel to enter all three stores from any location. Kudler would benefit from a network that linked managers together in order from them to view and enter data from any location...
Words: 400 - Pages: 2
...Lee College Financial Statements ACC 380: Accounting for Not-For-Profit Organizations June 4, 2012 Lee College Financial Statements Why do Not-For-Profit organizations need financial statements? The accounting system for nonprofits is designed to capture the economic activities of the firm and its financial position. The financial statements are constructed based on the “Accounting Equation” in which: Assets = Liabilities + Net Assets (Keating, 2008). This equation is very helpful, but not show us how or why net assets change over time. This is the purpose of the financial statements. For Lee College, a private not-for-profit, the financial statements required under the FASB Statement 117 are the Statement of Financial Position, Statement of Activities, and Statement of Cash Flows (Copley, 2011). The focus of this paper will be on the Statement of Activities and the acceptable alternative. The Statement of Activities’ purpose is to show revenues, expenses, gains, losses, and reclassifications and to show the changes in net assets by net asset class (unrestricted, temporarily restricted, or permanently restricted) (Copley, 2011). FASB Statement 117, as stated earlier, requires the Statement of Activities as part of the three required financial statements for a private, not-for-profit college. However, there is an acceptable alternative to the Statement of Activities. An acceptable alternative to the Statement of Activities is to present two statements: 1) Statement...
Words: 483 - Pages: 2
...The Justice Department in one of the twenty counties in the state of Texkansahomatucky. Recently, the state Justice Department published a short report releasing crime statistics that included a crime map and your county was flagged as a high crime county. Because the District Attorney in the county is up for re-election this year, he is concerned that this report will significantly hurt his election chances. He has asked you to both verify that the methodology used in the official report indeed indicates that your county is in fact a high crime county and to write a short report proposing a "better" methodology, where you are to interpret "better" to mean a methodology that takes your county off the list of high crime counties! Instructions Your first task is to attempt to replicate the results of the report you are given based only on the information contained within the report. As you recall, the report should include both "a verbal description of the metric used including at least your method of calculation and the high crime/low crime threshold" and the raw data used to create the metric. If the attached report you have in front of you did this, you should have no problem recreating the results (you will need to cut/paste the data from the appendix of the report given to you into excel). Should you be unable to replicate the results, if I determine that this was because the original report was not written well enough to be replicable then it will not affect your grade...
Words: 614 - Pages: 3
...Database Analysis Lance Washington CIS/207 October 17, 2011 Andrew Nash Database Analysis A group of logically related files that stores data and the association among them is called database. To be able to analysis these files, software must be provided. For an operation management major, they must be allowed to access organizational data to determine optimum inventory, knowledge of scheduling their employees, access to ordering product for the store needs, and access to reports to obtain labor and cost control (Rainer Jr. 2011). There are many organizations that use database to operate their business. Microsoft, Access, DB2, and Oracle are a few database applications available to effectively absorb data. Microsoft is user friendly. It provides the user with the necessary tools to run a successful business. One organization that uses Microsoft is Arby’s. The operational manager at Arby’s organization is responsible for many positions in this company. They must be able to make a schedule, order product, provide reports, and control operations. With Microsoft application, the operational manager is capable of performing his or her duties. Microsoft provide applications for Arby’s organization called menu link and aloha. Menu link is an application to help the operational manager provide cost and labor reports. The labor management uses POS data to store sales in order to make a schedule. The operation manager inputs the amount of sales use for each day to receive...
Words: 469 - Pages: 2
