From the course: Corporate Finance: Robust Financial Modeling
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Technical assurance
From the course: Corporate Finance: Robust Financial Modeling
Technical assurance
- Back in 2011, I overheard a conversation between a manager and one of my work colleagues. Now look, I shouldn't have eavesdropped, but I just couldn't help myself. And really, the manager's door should've been shut. Anyhow, my colleague was being absolutely admonished for producing a financial model where the numbers just didn't look right. It's an all too familiar story of a financial model being prepared without having had proper quality assurance. Suddenly, all trust is lost, and even the most sophisticated financial models have perceived issues once this trust breaks down. So how about we talk about some safeguards that are sure to reduce these oh no moments. Make sure that the Excel exercise file for this video is open. Now look, whilst we're working with Excel here, many of the concepts can be applied to other financial modeling products. What you're looking at here is a completed lifecycle costing for a…
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