WSP Financial Modelling Exam With
100% Correct And Verified Answers
Why do you never want to re-enter the same input more than once in your model? -
Correct Answer-Bc. you want your model to be dynamic
Components of a financial statement model? - Correct Answer-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 - Correct Answer-Hard-coded inputs -> blue
Formulas -> black
Links to other worksheets -> green
Links to other files -> red
Links to data providers -> dark red
Should you hide rows? - Correct Answer-No, grouping is better
Should you merge cells? - Correct Answer-No, centering across selection is better
Footnotes vs comments? - Correct Answer-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? - Correct Answer-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? - Correct Answer-Latest
annual report and corresponding 4th quarter press release and earnings call transcript
Latest equity research & EPS consensus estimates
Last 6 months news run (stock splits, acquisitions and other material changes)
100% Correct And Verified Answers
Why do you never want to re-enter the same input more than once in your model? -
Correct Answer-Bc. you want your model to be dynamic
Components of a financial statement model? - Correct Answer-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 - Correct Answer-Hard-coded inputs -> blue
Formulas -> black
Links to other worksheets -> green
Links to other files -> red
Links to data providers -> dark red
Should you hide rows? - Correct Answer-No, grouping is better
Should you merge cells? - Correct Answer-No, centering across selection is better
Footnotes vs comments? - Correct Answer-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? - Correct Answer-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? - Correct Answer-Latest
annual report and corresponding 4th quarter press release and earnings call transcript
Latest equity research & EPS consensus estimates
Last 6 months news run (stock splits, acquisitions and other material changes)
