Comments on: Use Error Checks in your financial model http://www.fimodo.com/2009/11/use-error-checks-in-your-financial-model/ Financial Modelling Experts sharing their knowledge Thu, 08 Jul 2010 20:23:15 -0700 http://wordpress.org/?v=2.8.2 hourly 1 By: Rinky Gupta http://www.fimodo.com/2009/11/use-error-checks-in-your-financial-model/comment-page-1/#comment-368 Rinky Gupta Thu, 29 Apr 2010 12:58:37 +0000 http://www.fimodo.com/?p=569#comment-368 It is essential for the financial modeller to know the checks in the model. I think it will be useful if a modeller make "Commercial Checklist" beforehand. It is essential for the financial modeller to know the checks in the model.
I think it will be useful if a modeller make “Commercial Checklist” beforehand.

]]> By: Nick Crawley http://www.fimodo.com/2009/11/use-error-checks-in-your-financial-model/comment-page-1/#comment-219 Nick Crawley Mon, 07 Dec 2009 04:45:30 +0000 http://www.fimodo.com/?p=569#comment-219 Hi Chris, No problem I am glad it was useful. As I said I will post an article as there are some good screenshots that will paint a more complete picture. Nick Hi Chris,
No problem I am glad it was useful. As I said I will post an article as there are some good screenshots that will paint a more complete picture.
Nick

]]> By: Chris McNeill http://www.fimodo.com/2009/11/use-error-checks-in-your-financial-model/comment-page-1/#comment-215 Chris McNeill Fri, 04 Dec 2009 22:44:21 +0000 http://www.fimodo.com/?p=569#comment-215 @Nick That's a nice distinction. I'll be using that one from now on! @Nick
That’s a nice distinction. I’ll be using that one from now on!

]]> By: Nick Crawley http://www.fimodo.com/2009/11/use-error-checks-in-your-financial-model/comment-page-1/#comment-192 Nick Crawley Thu, 03 Dec 2009 01:30:20 +0000 http://www.fimodo.com/?p=569#comment-192 Hi Simon, This is a cracking article, I find people talk about these checks but don't use them much so its good to see someone recognising they are important and using them! My approach is to split them up into "Integrity" checks and "Commercial" signals. This highlights the difference between checks that always have to be passed (such as a balance sheet or a sources and uses check) and aspects such as Cash < 0 which is not a mistake but commercial issues a user may want to examine. I will post a more comprehensive entry on this in due course. Nick Hi Simon,

This is a cracking article, I find people talk about these checks but don’t use them much so its good to see someone recognising they are important and using them!

My approach is to split them up into “Integrity” checks and “Commercial” signals. This highlights the difference between checks that always have to be passed (such as a balance sheet or a sources and uses check) and aspects such as Cash < 0 which is not a mistake but commercial issues a user may want to examine. I will post a more comprehensive entry on this in due course.
Nick

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