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	<title>Fimodo &#187; financial modelling tips</title>
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	<link>http://www.fimodo.com</link>
	<description>Financial Modelling Experts sharing their knowledge</description>
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			<item>
		<title>Sequential refinancing</title>
		<link>http://www.fimodo.com/2010/03/sequential-refinancing/</link>
		<comments>http://www.fimodo.com/2010/03/sequential-refinancing/#comments</comments>
		<pubDate>Thu, 25 Mar 2010 02:04:17 +0000</pubDate>
		<dc:creator>Nick Crawley</dc:creator>
				<category><![CDATA[Project Finance]]></category>
		<category><![CDATA[debt modelling]]></category>
		<category><![CDATA[financial modelling tips]]></category>
		<category><![CDATA[Nick Crawley]]></category>

		<guid isPermaLink="false">http://www.fimodo.com/?p=826</guid>
		<description><![CDATA[Not surprisingly given the current and expected future market conditions it is becoming increasingly common to see project finance debt being structured as a sequential series of loans, each one being refinanced by the next.
I have seen some horrific modelling as&#8230;]]></description>
		<wfw:commentRss>http://www.fimodo.com/2010/03/sequential-refinancing/feed/</wfw:commentRss>
		<slash:comments>4</slash:comments>
		</item>
		<item>
		<title>Modelling Principal Pre-payments-Part 1</title>
		<link>http://www.fimodo.com/2010/01/modelling-principal-pre-payments-part-1/</link>
		<comments>http://www.fimodo.com/2010/01/modelling-principal-pre-payments-part-1/#comments</comments>
		<pubDate>Mon, 11 Jan 2010 05:43:03 +0000</pubDate>
		<dc:creator>Nick Crawley</dc:creator>
				<category><![CDATA[Project Finance]]></category>
		<category><![CDATA[Excel tips]]></category>
		<category><![CDATA[financial modelling tips]]></category>
		<category><![CDATA[Nick Crawley]]></category>
		<category><![CDATA[Pre-payments]]></category>

		<guid isPermaLink="false">http://www.fimodo.com/?p=734</guid>
		<description><![CDATA[“Modelling pre-payments can cause brain failure and will lead to an overly complex model”
At some point in the career of project finance modeller comes the inevitable demand from a manager “but principal pre-payments are in the term sheet so we have&#8230;]]></description>
		<wfw:commentRss>http://www.fimodo.com/2010/01/modelling-principal-pre-payments-part-1/feed/</wfw:commentRss>
		<slash:comments>6</slash:comments>
		</item>
		<item>
		<title>Streamline your Financial Model with Export Worksheets!</title>
		<link>http://www.fimodo.com/2009/12/streamline-your-financial-model-with-export-worksheets/</link>
		<comments>http://www.fimodo.com/2009/12/streamline-your-financial-model-with-export-worksheets/#comments</comments>
		<pubDate>Mon, 07 Dec 2009 01:00:20 +0000</pubDate>
		<dc:creator>Simon Selkrig</dc:creator>
				<category><![CDATA[Corporate Finance]]></category>
		<category><![CDATA[Excel tips]]></category>
		<category><![CDATA[financial modelling tips]]></category>

		<guid isPermaLink="false">http://www.fimodo.com/?p=577</guid>
		<description><![CDATA[Export worksheets, like <a href="/2009/11/achieve-better-flexibility-using-import-worksheets">Import worksheets</a>, can give your financial model another dimension as it can be seamlessly exported into corresponding financial models for a company or client. The Export worksheet should be mirrored and flowed directly into an external model.
<h2>Minimise</h2>&#8230;]]></description>
		<wfw:commentRss>http://www.fimodo.com/2009/12/streamline-your-financial-model-with-export-worksheets/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Achieve better flexibility using Import Worksheets</title>
		<link>http://www.fimodo.com/2009/11/achieve-better-flexibility-using-import-worksheets/</link>
		<comments>http://www.fimodo.com/2009/11/achieve-better-flexibility-using-import-worksheets/#comments</comments>
		<pubDate>Mon, 30 Nov 2009 22:00:00 +0000</pubDate>
		<dc:creator>Simon Selkrig</dc:creator>
				<category><![CDATA[Business Modelling]]></category>
		<category><![CDATA[Corporate Finance]]></category>
		<category><![CDATA[Excel tips]]></category>
		<category><![CDATA[financial modelling tips]]></category>

		<guid isPermaLink="false">http://www.fimodo.com/?p=575</guid>
		<description><![CDATA[Import worksheets will greatly enhance the credibility of your financial model. One of the greatest challenges users face when using, managing or enhancing an existing model is the need to fully understand the data sources and how they interact with the model.&#8230;]]></description>
		<wfw:commentRss>http://www.fimodo.com/2009/11/achieve-better-flexibility-using-import-worksheets/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Assume nothing with your financial model – Assumptions worksheet</title>
		<link>http://www.fimodo.com/2009/11/assume-nothing-with-your-financial-model-assumptions-worksheet/</link>
		<comments>http://www.fimodo.com/2009/11/assume-nothing-with-your-financial-model-assumptions-worksheet/#comments</comments>
		<pubDate>Mon, 23 Nov 2009 22:00:59 +0000</pubDate>
		<dc:creator>Simon Selkrig</dc:creator>
				<category><![CDATA[Corporate Finance]]></category>
		<category><![CDATA[financial modelling tips]]></category>

		<guid isPermaLink="false">http://www.fimodo.com/?p=571</guid>
		<description><![CDATA[A financial model should incorporate an Assumptions worksheet that outlines the key features of the financial model, such as the relevant tax rate or financial year-end. It helps to eliminate the continuous need, while you are building, managing or updating a financial&#8230;]]></description>
		<wfw:commentRss>http://www.fimodo.com/2009/11/assume-nothing-with-your-financial-model-assumptions-worksheet/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Use Error Checks in your financial model</title>
		<link>http://www.fimodo.com/2009/11/use-error-checks-in-your-financial-model/</link>
		<comments>http://www.fimodo.com/2009/11/use-error-checks-in-your-financial-model/#comments</comments>
		<pubDate>Wed, 18 Nov 2009 22:28:28 +0000</pubDate>
		<dc:creator>Simon Selkrig</dc:creator>
				<category><![CDATA[Corporate Finance]]></category>
		<category><![CDATA[financial modelling tips]]></category>

		<guid isPermaLink="false">http://www.fimodo.com/?p=569</guid>
		<description><![CDATA[Incorporating error checks into a financial model helps to bulletproof, safeguard and enhances the integrity and value of a financial model to users. All error checks across a financial model should be summarised and aggregated onto one Error Check worksheet, where each&#8230;]]></description>
		<wfw:commentRss>http://www.fimodo.com/2009/11/use-error-checks-in-your-financial-model/feed/</wfw:commentRss>
		<slash:comments>4</slash:comments>
		</item>
		<item>
		<title>Six reasons your spreadsheet is NOT a financial model</title>
		<link>http://www.fimodo.com/2009/11/six-reasons-your-spreadsheet-is-not-a-financial-model/</link>
		<comments>http://www.fimodo.com/2009/11/six-reasons-your-spreadsheet-is-not-a-financial-model/#comments</comments>
		<pubDate>Mon, 16 Nov 2009 18:00:43 +0000</pubDate>
		<dc:creator>Danielle Stein Fairhurst</dc:creator>
				<category><![CDATA[Business Modelling]]></category>
		<category><![CDATA[danielle stein-fairhurst]]></category>
		<category><![CDATA[Excel tips]]></category>
		<category><![CDATA[financial modelling tips]]></category>

		<guid isPermaLink="false">http://www.fimodo.com/?p=555</guid>
		<description><![CDATA[I’ve often been asked the difference between a spreadsheet and a financial model, and there is a fine line of definition between the two. In a nutshell, an Excel spreadsheet is simply the medium that we can use to create a financial&#8230;]]></description>
		<wfw:commentRss>http://www.fimodo.com/2009/11/six-reasons-your-spreadsheet-is-not-a-financial-model/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Tips for mastering financial modelling of balance sheets</title>
		<link>http://www.fimodo.com/2009/11/tips-for-mastering-financial-modelling-of-balance-sheets/</link>
		<comments>http://www.fimodo.com/2009/11/tips-for-mastering-financial-modelling-of-balance-sheets/#comments</comments>
		<pubDate>Mon, 09 Nov 2009 18:00:07 +0000</pubDate>
		<dc:creator>Danielle Stein Fairhurst</dc:creator>
				<category><![CDATA[Business Modelling]]></category>
		<category><![CDATA[danielle stein-fairhurst]]></category>
		<category><![CDATA[financia statements modelling]]></category>
		<category><![CDATA[financial modelling tips]]></category>

		<guid isPermaLink="false">http://www.fimodo.com/?p=547</guid>
		<description><![CDATA[The Balance Sheet can be one of the trickiest financial statements to model, as several line items are the result of decisions you make for the other financial statements. Most importantly, getting your balance sheet to balance (and stay balanced!) can be&#8230;]]></description>
		<wfw:commentRss>http://www.fimodo.com/2009/11/tips-for-mastering-financial-modelling-of-balance-sheets/feed/</wfw:commentRss>
		<slash:comments>7</slash:comments>
		</item>
		<item>
		<title>Five Excel Formulas to make you cringe</title>
		<link>http://www.fimodo.com/2009/10/five-excel-formulas-to-make-you-cringe/</link>
		<comments>http://www.fimodo.com/2009/10/five-excel-formulas-to-make-you-cringe/#comments</comments>
		<pubDate>Mon, 19 Oct 2009 05:40:59 +0000</pubDate>
		<dc:creator>Danielle Stein Fairhurst</dc:creator>
				<category><![CDATA[Business Modelling]]></category>
		<category><![CDATA[danielle stein-fairhurst]]></category>
		<category><![CDATA[Excel tips]]></category>
		<category><![CDATA[financial modelling tips]]></category>

		<guid isPermaLink="false">http://www.fimodo.com/?p=534</guid>
		<description><![CDATA[When creating a financial model, there are always multiple ways to write a formula which will all give you the same result.  The key is to write formulas intelligently so they are easily deciphered by yourself at a later date, or by&#8230;]]></description>
		<wfw:commentRss>http://www.fimodo.com/2009/10/five-excel-formulas-to-make-you-cringe/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>‘Real growth’ or ‘Escalation’ – alternative financial modelling approaches</title>
		<link>http://www.fimodo.com/2009/10/alternative-financial-modelling-approaches/</link>
		<comments>http://www.fimodo.com/2009/10/alternative-financial-modelling-approaches/#comments</comments>
		<pubDate>Mon, 12 Oct 2009 20:00:32 +0000</pubDate>
		<dc:creator>Nick Crawley</dc:creator>
				<category><![CDATA[Corporate Finance]]></category>
		<category><![CDATA[Project Finance]]></category>
		<category><![CDATA[escalation modelling]]></category>
		<category><![CDATA[financial modelling tips]]></category>

		<guid isPermaLink="false">http://www.fimodo.com/?p=452</guid>
		<description><![CDATA[A common question, especially among resource project developers is whether or not to escalate a particular line item by rate. When asked if this is the way to go I answer with the following questions:
<ul>
<li>Is ‘escalation’ the growth of the</li></ul>&#8230;]]></description>
		<wfw:commentRss>http://www.fimodo.com/2009/10/alternative-financial-modelling-approaches/feed/</wfw:commentRss>
		<slash:comments>5</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>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>3 approaches to avoid complex off-sheet references</title>
		<link>http://www.fimodo.com/2009/08/3-approaches-to-avoid-complex-off-sheet-references/</link>
		<comments>http://www.fimodo.com/2009/08/3-approaches-to-avoid-complex-off-sheet-references/#comments</comments>
		<pubDate>Tue, 25 Aug 2009 23:02:33 +0000</pubDate>
		<dc:creator>Nick Crawley</dc:creator>
				<category><![CDATA[Business Modelling]]></category>
		<category><![CDATA[Corporate Finance]]></category>
		<category><![CDATA[Project Finance]]></category>
		<category><![CDATA[Excel tips]]></category>
		<category><![CDATA[financial modelling tips]]></category>

		<guid isPermaLink="false">http://www.fimodo.com/?p=301</guid>
		<description><![CDATA[A key differentiator of the many different Best Practice Methodologies that have been developed, both by in-house and professional financial modelling organisations, is the way in which off-sheet references are treated.
There are several approaches that are out there and they are&#8230;]]></description>
		<wfw:commentRss>http://www.fimodo.com/2009/08/3-approaches-to-avoid-complex-off-sheet-references/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>Line Summaries – get the big picture!</title>
		<link>http://www.fimodo.com/2009/07/line-summaries-%e2%80%93-get-the-big-picture/</link>
		<comments>http://www.fimodo.com/2009/07/line-summaries-%e2%80%93-get-the-big-picture/#comments</comments>
		<pubDate>Sat, 18 Jul 2009 23:07:15 +0000</pubDate>
		<dc:creator>Nick Crawley</dc:creator>
				<category><![CDATA[Business Modelling]]></category>
		<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=307</guid>
		<description><![CDATA[Within the first few minutes of starting to build a financial model for project finance, corporate finance or any other sector it becomes clear that a financial model occupies more columns than your screen can show – that shouldn’t be news to&#8230;]]></description>
		<wfw:commentRss>http://www.fimodo.com/2009/07/line-summaries-%e2%80%93-get-the-big-picture/feed/</wfw:commentRss>
		<slash:comments>1</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>
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