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	<title>Fimodo &#187; Rickard Wärnelid</title>
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	<link>http://www.fimodo.com</link>
	<description>Financial Modelling Experts sharing their knowledge</description>
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		<title>EUSPRIG – European Speadsheet Risk Interest Group</title>
		<link>http://www.fimodo.com/2010/07/eusprig-%e2%80%93-european-speadsheet-risk-interest-group/</link>
		<comments>http://www.fimodo.com/2010/07/eusprig-%e2%80%93-european-speadsheet-risk-interest-group/#comments</comments>
		<pubDate>Mon, 05 Jul 2010 22:05:33 +0000</pubDate>
		<dc:creator>Rickard Wärnelid</dc:creator>
				<category><![CDATA[Business Modelling]]></category>
		<category><![CDATA[Corporate Finance]]></category>
		<category><![CDATA[Project Finance]]></category>
		<category><![CDATA[Structured Finance]]></category>
		<category><![CDATA[Tools & Techniques]]></category>
		<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://www.fimodo.com/?p=885</guid>
		<description><![CDATA[<a href="http://www.eusprig.org/annual-conference.htm">EuSpRIG 2010</a> is presented in Greenwich on July 15-16 and has a impressive line-up of spreadsheet risk experts. Fimodo supports EUSPRIG as it is a great initiative to decrease the risk of spreadsheets.
<h2>Speakers &#38; Topics</h2>
<ul>
<li><strong>Ray Panko </strong>(University of</li></ul>&#8230;]]></description>
		<wfw:commentRss>http://www.fimodo.com/2010/07/eusprig-%e2%80%93-european-speadsheet-risk-interest-group/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Using a faded colour scheme in Excel for user interface modelling</title>
		<link>http://www.fimodo.com/2009/11/using-a-faded-colour-scheme-in-excel-for-user-interface-modelling/</link>
		<comments>http://www.fimodo.com/2009/11/using-a-faded-colour-scheme-in-excel-for-user-interface-modelling/#comments</comments>
		<pubDate>Mon, 16 Nov 2009 01:33:18 +0000</pubDate>
		<dc:creator>Rickard Wärnelid</dc:creator>
				<category><![CDATA[Tools & Techniques]]></category>
		<category><![CDATA[Excel tips]]></category>

		<guid isPermaLink="false">http://www.fimodo.com/?p=596</guid>
		<description><![CDATA[I have recently been involved in a project where the end product spreadsheet has been designed to be used to consumers, i.e. a less technical audience than I would typically work with.
The expected lower level of familiarity with Excel of the&#8230;]]></description>
		<wfw:commentRss>http://www.fimodo.com/2009/11/using-a-faded-colour-scheme-in-excel-for-user-interface-modelling/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Set up a base template in Excel and re-use your precious Styles!</title>
		<link>http://www.fimodo.com/2009/09/set-up-a-base-template-in-excel-and-re-use-your-precious-styles/</link>
		<comments>http://www.fimodo.com/2009/09/set-up-a-base-template-in-excel-and-re-use-your-precious-styles/#comments</comments>
		<pubDate>Wed, 30 Sep 2009 22:00:08 +0000</pubDate>
		<dc:creator>Rickard Wärnelid</dc:creator>
				<category><![CDATA[Tools & Techniques]]></category>
		<category><![CDATA[Excel Styles]]></category>
		<category><![CDATA[Excel tips]]></category>
		<category><![CDATA[financial modelling tips]]></category>
		<category><![CDATA[Rickard Warnelid]]></category>

		<guid isPermaLink="false">http://www.fimodo.com/?p=431</guid>
		<description><![CDATA[When you create a new Workbook in Excel you get the standard three worksheets and the standard (useless) Excel Styles. This means that every time you want to start preparing a workbook, you need to do one of the following to improve&#8230;]]></description>
		<wfw:commentRss>http://www.fimodo.com/2009/09/set-up-a-base-template-in-excel-and-re-use-your-precious-styles/feed/</wfw:commentRss>
		<slash:comments>15</slash:comments>
		</item>
		<item>
		<title>Debt sizing for minimum DSCR with VBA Goal Seek &#8211; Solve for zero delta!</title>
		<link>http://www.fimodo.com/2009/09/debt-sizing-for-minimum-dscr-with-vba-goal-seek-solve-for-zero-delta/</link>
		<comments>http://www.fimodo.com/2009/09/debt-sizing-for-minimum-dscr-with-vba-goal-seek-solve-for-zero-delta/#comments</comments>
		<pubDate>Fri, 18 Sep 2009 04:35:48 +0000</pubDate>
		<dc:creator>Rickard Wärnelid</dc:creator>
				<category><![CDATA[Project Finance]]></category>
		<category><![CDATA[debt sizing]]></category>
		<category><![CDATA[DSCR]]></category>
		<category><![CDATA[Rickard Warnelid]]></category>

		<guid isPermaLink="false">http://www.fimodo.com/?p=394</guid>
		<description><![CDATA[Optimising the maximum debt limit in the structuring phase of a project finance transaction can be made a lot easier if you have a clear dashboard view of what is going on.
This example illustrates the debt sizing concept with a chart&#8230;]]></description>
		<wfw:commentRss>http://www.fimodo.com/2009/09/debt-sizing-for-minimum-dscr-with-vba-goal-seek-solve-for-zero-delta/feed/</wfw:commentRss>
		<slash:comments>15</slash:comments>
		</item>
		<item>
		<title>Can Fimodo change the financial modelling world?</title>
		<link>http://www.fimodo.com/2009/08/can-fimodo-change-the-financial-modelling-world/</link>
		<comments>http://www.fimodo.com/2009/08/can-fimodo-change-the-financial-modelling-world/#comments</comments>
		<pubDate>Tue, 25 Aug 2009 23:08:44 +0000</pubDate>
		<dc:creator>Rickard Wärnelid</dc:creator>
				<category><![CDATA[Business Modelling]]></category>
		<category><![CDATA[Corporate Finance]]></category>
		<category><![CDATA[Project Finance]]></category>
		<category><![CDATA[Structured Finance]]></category>
		<category><![CDATA[Tools & Techniques]]></category>
		<category><![CDATA[financial modelling tips]]></category>

		<guid isPermaLink="false">http://www.fimodo.com/?p=309</guid>
		<description><![CDATA[There are a number of financial modelling websites out there, and they all have their respective strengths and weaknesses. Over the last few years I have often reflected upon the lack of a financial modelling blogging website where experts from different backgrounds&#8230;]]></description>
		<wfw:commentRss>http://www.fimodo.com/2009/08/can-fimodo-change-the-financial-modelling-world/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>‘Edit directly in cell’ – Quick Excel Tip</title>
		<link>http://www.fimodo.com/2009/08/%e2%80%98edit-directly-in-cell%e2%80%99-%e2%80%93-quick-excel-tip/</link>
		<comments>http://www.fimodo.com/2009/08/%e2%80%98edit-directly-in-cell%e2%80%99-%e2%80%93-quick-excel-tip/#comments</comments>
		<pubDate>Tue, 25 Aug 2009 05:05:49 +0000</pubDate>
		<dc:creator>Rickard Wärnelid</dc:creator>
				<category><![CDATA[Tools & Techniques]]></category>
		<category><![CDATA[Excel tips]]></category>

		<guid isPermaLink="false">http://www.fimodo.com/?p=184</guid>
		<description><![CDATA[There is a setting in the <strong>Options -&#62; Edit -&#62; Setting</strong> section called ‘Edit directly in cell.
<img class="alignnone size-full wp-image-264" title="edit-cell-1" src="http://www.fimodo.com/wp-content/uploads/2009/08/edit-cell-1.gif" alt="edit-cell-1" width="491" height="394" />
The ‘Edit directly in cell’ related to the way Excel shows formulas in the cell&#8230;]]></description>
		<wfw:commentRss>http://www.fimodo.com/2009/08/%e2%80%98edit-directly-in-cell%e2%80%99-%e2%80%93-quick-excel-tip/feed/</wfw:commentRss>
		<slash:comments>4</slash:comments>
		</item>
		<item>
		<title>Group and Outline – Essential tool for large financial models</title>
		<link>http://www.fimodo.com/2009/08/group-and-outline-%e2%80%93-essential-tool-for-large-financial-models/</link>
		<comments>http://www.fimodo.com/2009/08/group-and-outline-%e2%80%93-essential-tool-for-large-financial-models/#comments</comments>
		<pubDate>Sun, 23 Aug 2009 05:28:56 +0000</pubDate>
		<dc:creator>Rickard Wärnelid</dc:creator>
				<category><![CDATA[Corporate Finance]]></category>
		<category><![CDATA[Project Finance]]></category>
		<category><![CDATA[financial modelling tips]]></category>
		<category><![CDATA[Rickard Warnelid]]></category>

		<guid isPermaLink="false">http://www.fimodo.com/?p=202</guid>
		<description><![CDATA[The world of professional financial modellers have most core values aligned – simplicity, transparency, flexibility etc – but are divided when it comes to deep or shallow sheets.
As with everything else in the world there are pros and cons with both&#8230;]]></description>
		<wfw:commentRss>http://www.fimodo.com/2009/08/group-and-outline-%e2%80%93-essential-tool-for-large-financial-models/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The 7 deadly sins of financial modelling</title>
		<link>http://www.fimodo.com/2009/08/the-7-deadly-sins-of-financial-modelling/</link>
		<comments>http://www.fimodo.com/2009/08/the-7-deadly-sins-of-financial-modelling/#comments</comments>
		<pubDate>Sun, 16 Aug 2009 05:23:53 +0000</pubDate>
		<dc:creator>Rickard Wärnelid</dc:creator>
				<category><![CDATA[Corporate Finance]]></category>
		<category><![CDATA[Project Finance]]></category>
		<category><![CDATA[financial modelling tips]]></category>
		<category><![CDATA[Rickard Warnelid]]></category>

		<guid isPermaLink="false">http://www.fimodo.com/?p=198</guid>
		<description><![CDATA[All of us have bad habits when it comes to financial modelling. Some of us are self-taught and lack fundamental discipline and others have attended too many ‘Advanced Excel’ training course and are getting kicks out of showing off new fancy skills.&#8230;]]></description>
		<wfw:commentRss>http://www.fimodo.com/2009/08/the-7-deadly-sins-of-financial-modelling/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Input structure for depreciation rates and asset lives</title>
		<link>http://www.fimodo.com/2009/08/input-structure-for-depreciation-rates-and-asset-lives/</link>
		<comments>http://www.fimodo.com/2009/08/input-structure-for-depreciation-rates-and-asset-lives/#comments</comments>
		<pubDate>Fri, 14 Aug 2009 05:11:38 +0000</pubDate>
		<dc:creator>Rickard Wärnelid</dc:creator>
				<category><![CDATA[Corporate Finance]]></category>
		<category><![CDATA[Project Finance]]></category>
		<category><![CDATA[financial modelling tips]]></category>

		<guid isPermaLink="false">http://www.fimodo.com/?p=188</guid>
		<description><![CDATA[Depreciation is a key component of a financial model to calculate the tax payable. Of course it is often critical to calculate the Profit and Loss but in project finance many would argue that this has a minor importance when compared to&#8230;]]></description>
		<wfw:commentRss>http://www.fimodo.com/2009/08/input-structure-for-depreciation-rates-and-asset-lives/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Sense-checking delay scenarios in a project finance model</title>
		<link>http://www.fimodo.com/2009/08/sense-checking-delay-scenarios-in-a-project-finance-model/</link>
		<comments>http://www.fimodo.com/2009/08/sense-checking-delay-scenarios-in-a-project-finance-model/#comments</comments>
		<pubDate>Thu, 06 Aug 2009 05:08:50 +0000</pubDate>
		<dc:creator>Rickard Wärnelid</dc:creator>
				<category><![CDATA[Project Finance]]></category>
		<category><![CDATA[financial modelling tips]]></category>
		<category><![CDATA[project finance modelling]]></category>

		<guid isPermaLink="false">http://www.fimodo.com/?p=186</guid>
		<description><![CDATA[On of the most common mistakes in project finance modelling is incorrect coding of delay scenarios. The main reason for this is that it is not implemented as part of the core functionality of the model when it is first constructed, but&#8230;]]></description>
		<wfw:commentRss>http://www.fimodo.com/2009/08/sense-checking-delay-scenarios-in-a-project-finance-model/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Spot-checking a project finance model in 60 seconds</title>
		<link>http://www.fimodo.com/2009/08/spot-checking-a-project-finance-model-in-60-seconds/</link>
		<comments>http://www.fimodo.com/2009/08/spot-checking-a-project-finance-model-in-60-seconds/#comments</comments>
		<pubDate>Wed, 05 Aug 2009 05:22:21 +0000</pubDate>
		<dc:creator>Rickard Wärnelid</dc:creator>
				<category><![CDATA[Project Finance]]></category>
		<category><![CDATA[financial modelling tips]]></category>
		<category><![CDATA[project finance modelling]]></category>
		<category><![CDATA[Rickard Warnelid]]></category>

		<guid isPermaLink="false">http://www.fimodo.com/?p=196</guid>
		<description><![CDATA[Most financial models contain serious errors. The challenge is to find out before you rely upon a financial model for an investment decision!
There are a number of quick checks one can apply before going into detailed analysis, and below are three&#8230;]]></description>
		<wfw:commentRss>http://www.fimodo.com/2009/08/spot-checking-a-project-finance-model-in-60-seconds/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Business planning for a start-up venture</title>
		<link>http://www.fimodo.com/2009/07/business-planning-for-a-start-up-venture/</link>
		<comments>http://www.fimodo.com/2009/07/business-planning-for-a-start-up-venture/#comments</comments>
		<pubDate>Sun, 26 Jul 2009 05:01:54 +0000</pubDate>
		<dc:creator>Rickard Wärnelid</dc:creator>
				<category><![CDATA[Business Modelling]]></category>
		<category><![CDATA[Rickard Warnelid]]></category>

		<guid isPermaLink="false">http://www.fimodo.com/?p=180</guid>
		<description><![CDATA[Starting a new business is a challenging process and involves a number of hurdles. The challenges range across finance, reporting, legal, commercial and number of other issues. Any serious start-up need a business plan and a financial cashflow model where all strategic&#8230;]]></description>
		<wfw:commentRss>http://www.fimodo.com/2009/07/business-planning-for-a-start-up-venture/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Do not use WordArt in your financial model!</title>
		<link>http://www.fimodo.com/2009/07/do-not-use-wordart-in-your-financial-model/</link>
		<comments>http://www.fimodo.com/2009/07/do-not-use-wordart-in-your-financial-model/#comments</comments>
		<pubDate>Thu, 16 Jul 2009 05:03:51 +0000</pubDate>
		<dc:creator>Rickard Wärnelid</dc:creator>
				<category><![CDATA[Tools & Techniques]]></category>

		<guid isPermaLink="false">http://www.fimodo.com/?p=182</guid>
		<description><![CDATA[In Excel there is a horrible functionality called WordArt. If you didn’t know this already then I apologise for having given you an idea of being able to present your words like art.
I don’t like WordArt for a few different reasons.&#8230;]]></description>
		<wfw:commentRss>http://www.fimodo.com/2009/07/do-not-use-wordart-in-your-financial-model/feed/</wfw:commentRss>
		<slash:comments>4</slash:comments>
		</item>
		<item>
		<title>Why your last financial model audit was so expensive?</title>
		<link>http://www.fimodo.com/2009/07/why-your-last-financial-model-audit-was-so-expensive/</link>
		<comments>http://www.fimodo.com/2009/07/why-your-last-financial-model-audit-was-so-expensive/#comments</comments>
		<pubDate>Wed, 15 Jul 2009 05:14:18 +0000</pubDate>
		<dc:creator>Rickard Wärnelid</dc:creator>
				<category><![CDATA[Corporate Finance]]></category>
		<category><![CDATA[Project Finance]]></category>
		<category><![CDATA[financial model audit]]></category>
		<category><![CDATA[financial modelling tips]]></category>
		<category><![CDATA[Rickard Warnelid]]></category>

		<guid isPermaLink="false">http://www.fimodo.com/?p=190</guid>
		<description><![CDATA[Building a financial model that is cost efficient to audit is a lesson that many Analysts learn the hard way when they receive a quote exceeding their annual salary.
In the worst cases this happens only a very short time before bid&#8230;]]></description>
		<wfw:commentRss>http://www.fimodo.com/2009/07/why-your-last-financial-model-audit-was-so-expensive/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Improved financial modelling with conditional formatting</title>
		<link>http://www.fimodo.com/2009/07/improved-financial-modelling-with-conditional-formatting/</link>
		<comments>http://www.fimodo.com/2009/07/improved-financial-modelling-with-conditional-formatting/#comments</comments>
		<pubDate>Mon, 13 Jul 2009 04:57:01 +0000</pubDate>
		<dc:creator>Rickard Wärnelid</dc:creator>
				<category><![CDATA[Tools & Techniques]]></category>
		<category><![CDATA[Conditional formatting]]></category>
		<category><![CDATA[financial modelling tips]]></category>

		<guid isPermaLink="false">http://www.fimodo.com/?p=176</guid>
		<description><![CDATA[Presenting data in a format that is easy to read in Excel can be a challenge, in particular when you are dealing with larger arrays of data. In this example we will discuss how we can use the conditional formatting functionally in&#8230;]]></description>
		<wfw:commentRss>http://www.fimodo.com/2009/07/improved-financial-modelling-with-conditional-formatting/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Visually tracing all precedents in Excel without add-ins</title>
		<link>http://www.fimodo.com/2009/07/visually-tracing-all-precedents-in-excel-without-add-ins/</link>
		<comments>http://www.fimodo.com/2009/07/visually-tracing-all-precedents-in-excel-without-add-ins/#comments</comments>
		<pubDate>Sun, 05 Jul 2009 05:26:13 +0000</pubDate>
		<dc:creator>Rickard Wärnelid</dc:creator>
				<category><![CDATA[Tools & Techniques]]></category>
		<category><![CDATA[Excel tips]]></category>
		<category><![CDATA[Rickard Warnelid]]></category>

		<guid isPermaLink="false">http://www.fimodo.com/?p=200</guid>
		<description><![CDATA[There are numerous tools and add-ins in the market constructed to enhance the ability to critically review formulas in Excel. Many of these tools build on the native functionality of Excel – trace dependents and trace precedents.
Mastering the native Excel tracking&#8230;]]></description>
		<wfw:commentRss>http://www.fimodo.com/2009/07/visually-tracing-all-precedents-in-excel-without-add-ins/feed/</wfw:commentRss>
		<slash:comments>7</slash:comments>
		</item>
		<item>
		<title>Snap to Grid – quick tips for perfect alignment in Excel</title>
		<link>http://www.fimodo.com/2009/06/snap-to-grid-%e2%80%93-quick-tips-for-perfect-alignment-in-excel/</link>
		<comments>http://www.fimodo.com/2009/06/snap-to-grid-%e2%80%93-quick-tips-for-perfect-alignment-in-excel/#comments</comments>
		<pubDate>Sat, 27 Jun 2009 05:20:53 +0000</pubDate>
		<dc:creator>Rickard Wärnelid</dc:creator>
				<category><![CDATA[Tools & Techniques]]></category>
		<category><![CDATA[Excel tips]]></category>

		<guid isPermaLink="false">http://www.fimodo.com/?p=194</guid>
		<description><![CDATA[Preparing an Excel spreadsheet for distribution to other people requires an additional focus on presentation. This article outlines a very quick trick to significantly improve the alignment in Excel which can improve presentation from good to excellent in seconds.
<h2>What is ‘Snap</h2>&#8230;]]></description>
		<wfw:commentRss>http://www.fimodo.com/2009/06/snap-to-grid-%e2%80%93-quick-tips-for-perfect-alignment-in-excel/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Generate Sources and Uses of funds in seconds</title>
		<link>http://www.fimodo.com/2009/06/generate-sources-and-uses-of-funds-in-seconds/</link>
		<comments>http://www.fimodo.com/2009/06/generate-sources-and-uses-of-funds-in-seconds/#comments</comments>
		<pubDate>Wed, 17 Jun 2009 05:18:07 +0000</pubDate>
		<dc:creator>Rickard Wärnelid</dc:creator>
				<category><![CDATA[Project Finance]]></category>
		<category><![CDATA[financial modelling tips]]></category>
		<category><![CDATA[project finance modelling]]></category>

		<guid isPermaLink="false">http://www.fimodo.com/?p=192</guid>
		<description><![CDATA[A clear presentation of Sources and Uses (or Applications) of funds is critical for any transaction financial model, and in particular in a project finance transaction.
Sometimes this calculation is over-complicated with a large number of off-sheet links and complex lookups. Due&#8230;]]></description>
		<wfw:commentRss>http://www.fimodo.com/2009/06/generate-sources-and-uses-of-funds-in-seconds/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Optimise image presentation in Excel – 4 hot tips</title>
		<link>http://www.fimodo.com/2009/06/optimise-image-presentation-in-excel-%e2%80%93-4-hot-tips/</link>
		<comments>http://www.fimodo.com/2009/06/optimise-image-presentation-in-excel-%e2%80%93-4-hot-tips/#comments</comments>
		<pubDate>Wed, 10 Jun 2009 04:59:30 +0000</pubDate>
		<dc:creator>Rickard Wärnelid</dc:creator>
				<category><![CDATA[Tools & Techniques]]></category>

		<guid isPermaLink="false">http://www.fimodo.com/?p=178</guid>
		<description><![CDATA[When working with images in Excel it is important to take control over the various settings to avoid presentation becoming sub-standard over time.
A common application of the use of images in financial models is pasted logos in Cover Sheets, Executive Summaries&#8230;]]></description>
		<wfw:commentRss>http://www.fimodo.com/2009/06/optimise-image-presentation-in-excel-%e2%80%93-4-hot-tips/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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