Questions and Answers 100% Pass
Why do you never want to re-enter the same input more than once in your model? -
✔✔Bc. you want your model to be dynamic
Components of a financial statement model? - ✔✔Income statement
Balance sheet
Statement of cash flows
Both historical results and forecasts
What colour text should you use for:
Hard-coded inputs
Formulas
Links to other worksheets
Links to other files
Links to data providers - ✔✔Hard-coded inputs -> blue
Katelyn Whitman, All Rights Reserved © 2025 1
, Formulas -> black
Links to other worksheets -> green
Links to other files -> red
Links to data providers -> dark red
Should you hide rows? - ✔✔No, grouping is better
Should you merge cells? - ✔✔No, centering across selection is better
Footnotes vs comments? - ✔✔Footnotes will show up when model is printed
Comments for internal purposes
If you want to delete a worksheet and want to know if there are any links to that
worksheet, how can you do this? - ✔✔Ctrl + F
and then search for the name of the worksheet you want to delete
What documents would you gather prior to starting to model? - ✔✔Latest annual
report and corresponding 4th quarter press release and earnings call transcript
Latest equity research & EPS consensus estimates
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