Financial modelling: a beginner's guide

Article Abstract:

Financial modelling supports management in making important business decisions. It involves the quantification of the potential impact of decisions on the profit and loss account, balance sheet and cash flow statements. Through financial models, managers can determine the outcome of a proposal before even its execution and rely on a rational and comprehensive justification for their decisions. Moreover, these models enable managers to study different options and scenarios without imposing any risk on the business. To avoid the common pitfalls related to financial modelling, designers should follow five basic principles. They should make sure that the model satisfies its objectives, maintain model flexibility, take inflation into consideration, present the model clearly and interestingly, and measure outcome.

Models, Business, Financial management, Business models

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Power to the user

Article Abstract:

Prentice-Hall Publications in Great Britain has introduced a package of macros to help with the small chores involved in using Lotus 1-2-3. The package of 150 macros is called 1-2-3 Power Pack and sells for 39.96 pounds sterling. The package comes with complete instructions, diskette, and a license agreement. Macros include: conversion of formulas and values to labels; column average calculator; column count calculator; zero to blank converter; monthly label generator; box generator; and financial functions.

Usage, Product introduction, Lotus 1-2-3 (Spreadsheet software), Macros, Macros (Computing), Prentice-Hall Inc., 1-2-3 Power Pack (Spreadsheet software)

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Financial systems: bespoke or off-the-peg?

Article Abstract:

Companies can purchase financial systems, and they can also elect to develop them in-house. Each method has advantages and disadvantages. Software packages have the advantage of documentation, specific implementation steps, and training programs. The drawbacks to using a package is that it provides a general solution with redundant elements, and it may not meet the specific competitive needs of a company.

FMS (Information retrieval system)

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