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	<title>Financial Modeling Guide &#187; Financial Modeling Discipline</title>
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		<title>Financial Modeling Discipline &#8211; Use Built in Spreadsheet Tools to Check for Errors</title>
		<link>http://www.financialmodelingguide.com/modeling-discipline/spreadsheet-audit-tools/</link>
		<comments>http://www.financialmodelingguide.com/modeling-discipline/spreadsheet-audit-tools/#comments</comments>
		<pubDate>Fri, 23 Oct 2009 06:00:53 +0000</pubDate>
		<dc:creator>Financial Modeling Guide</dc:creator>
				<category><![CDATA[Financial Modeling Discipline]]></category>
		<category><![CDATA[excel]]></category>
		<category><![CDATA[financial analyst]]></category>
		<category><![CDATA[financial model]]></category>
		<category><![CDATA[financial modeling]]></category>
		<category><![CDATA[spreadsheet]]></category>

		<guid isPermaLink="false">http://www.financialmodelingguide.com/modeling-discipline/spreadsheet-tools/</guid>
		<description><![CDATA[A good financial analyst will always use the built-in spreadsheet auditing &#38; testing tools of Microsoft Excel that allow checking for errors in cell logic (and macro logic, if Excel VBA macros are used) in the financial model.
Doing so on a regular basis is good financial modeling discipline and good spreadsheet risk management practice, ensuring error minimization [...]


Related posts:<ol><li><a href='http://www.financialmodelingguide.com/financial-modeling-tips/tricks/spreadsheet-check-sums/' rel='bookmark' title='Permanent Link: Building a Financial Model &#8211; Use Spreadsheet Check sums to Detect Errors'>Building a Financial Model &#8211; Use Spreadsheet Check sums to Detect Errors</a></li>
<li><a href='http://www.financialmodelingguide.com/modeling-discipline/columns-rows-consistent/' rel='bookmark' title='Permanent Link: Financial Modeling Discipline &#8211; Keep Columns and Rows Consistent'>Financial Modeling Discipline &#8211; Keep Columns and Rows Consistent</a></li>
<li><a href='http://www.financialmodelingguide.com/modeling-discipline/common-mistakes/' rel='bookmark' title='Permanent Link: Common Mistakes in Financial Modeling'>Common Mistakes in Financial Modeling</a></li>
</ol>]]></description>
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		<slash:comments>3</slash:comments>
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		<title>Financial Modeling Discipline &#8211; Keep Columns and Rows Consistent</title>
		<link>http://www.financialmodelingguide.com/modeling-discipline/columns-rows-consistent/</link>
		<comments>http://www.financialmodelingguide.com/modeling-discipline/columns-rows-consistent/#comments</comments>
		<pubDate>Wed, 14 Oct 2009 06:00:16 +0000</pubDate>
		<dc:creator>Financial Modeling Guide</dc:creator>
				<category><![CDATA[Financial Modeling Discipline]]></category>
		<category><![CDATA[financial analyst]]></category>
		<category><![CDATA[financial model]]></category>
		<category><![CDATA[financial modeling]]></category>
		<category><![CDATA[spreadsheet]]></category>

		<guid isPermaLink="false">http://www.financialmodelingguide.com/modeling-discipline/columns-rows-consistent/</guid>
		<description><![CDATA[A good financial analyst will use each column and row for only one type of information, and will always cluster numbers to be added in a financial modeling exercise.
Preserving each column and row for a specific type and value helps you in &#8230;

Using named ranges &#8211; e.g. if a row is named “sales”, and columns [...]


Related posts:<ol><li><a href='http://www.financialmodelingguide.com/financial-modeling-tips/tips/consistent-financial-modeling/' rel='bookmark' title='Permanent Link: Financial Modeling Discipline &#8211; Consistent Scales, Units and Labels'>Financial Modeling Discipline &#8211; Consistent Scales, Units and Labels</a></li>
<li><a href='http://www.financialmodelingguide.com/modeling-discipline/magic-numbers/' rel='bookmark' title='Permanent Link: Financial Modeling Discipline &#8211; Never Use Magic Numbers'>Financial Modeling Discipline &#8211; Never Use Magic Numbers</a></li>
<li><a href='http://www.financialmodelingguide.com/modeling-discipline/spreadsheet-audit-tools/' rel='bookmark' title='Permanent Link: Financial Modeling Discipline &#8211; Use Built in Spreadsheet Tools to Check for Errors'>Financial Modeling Discipline &#8211; Use Built in Spreadsheet Tools to Check for Errors</a></li>
</ol>]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Financial Modeling Discipline &#8211; Never Use Magic Numbers</title>
		<link>http://www.financialmodelingguide.com/modeling-discipline/magic-numbers/</link>
		<comments>http://www.financialmodelingguide.com/modeling-discipline/magic-numbers/#comments</comments>
		<pubDate>Wed, 07 Oct 2009 06:00:29 +0000</pubDate>
		<dc:creator>Financial Modeling Guide</dc:creator>
				<category><![CDATA[Financial Modeling Discipline]]></category>
		<category><![CDATA[financial analyst]]></category>
		<category><![CDATA[financial model]]></category>
		<category><![CDATA[financial modeling]]></category>

		<guid isPermaLink="false">http://www.financialmodelingguide.com/modeling-discipline/magic-numbers/</guid>
		<description><![CDATA[A good financial analyst never uses “magic numbers” in forming calculation formulas when performing financial modeling; always make implicit assumptions explicit.
Instead of using numbers in a formula, use the “name” of the number.  For example in the case of exchange rate conversion:


State clearly in a separate assumptions section the value of the number
Name the assumption  [...]


Related posts:<ol><li><a href='http://www.financialmodelingguide.com/financial-modeling-tips/tips/consistent-financial-modeling/' rel='bookmark' title='Permanent Link: Financial Modeling Discipline &#8211; Consistent Scales, Units and Labels'>Financial Modeling Discipline &#8211; Consistent Scales, Units and Labels</a></li>
<li><a href='http://www.financialmodelingguide.com/modeling-discipline/columns-rows-consistent/' rel='bookmark' title='Permanent Link: Financial Modeling Discipline &#8211; Keep Columns and Rows Consistent'>Financial Modeling Discipline &#8211; Keep Columns and Rows Consistent</a></li>
<li><a href='http://www.financialmodelingguide.com/modeling-discipline/spreadsheet-audit-tools/' rel='bookmark' title='Permanent Link: Financial Modeling Discipline &#8211; Use Built in Spreadsheet Tools to Check for Errors'>Financial Modeling Discipline &#8211; Use Built in Spreadsheet Tools to Check for Errors</a></li>
</ol>]]></description>
		<wfw:commentRss>http://www.financialmodelingguide.com/modeling-discipline/magic-numbers/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Common Mistakes in Financial Modeling</title>
		<link>http://www.financialmodelingguide.com/modeling-discipline/common-mistakes/</link>
		<comments>http://www.financialmodelingguide.com/modeling-discipline/common-mistakes/#comments</comments>
		<pubDate>Thu, 24 Sep 2009 06:00:45 +0000</pubDate>
		<dc:creator>Financial Modeling Guide</dc:creator>
				<category><![CDATA[Financial Modeling Discipline]]></category>
		<category><![CDATA[excel]]></category>
		<category><![CDATA[financial analyst]]></category>
		<category><![CDATA[financial model]]></category>
		<category><![CDATA[financial modeling]]></category>
		<category><![CDATA[spreadsheet]]></category>

		<guid isPermaLink="false">http://www.financialmodelingguide.com/financial-modeling-tips/tips/common-mistakes-in-financial-modeling/</guid>
		<description><![CDATA[While reviewing and auditing financial models, a good financial analyst should be alert to the common types of errors that often plague financial models.
These are often less due to errors in Excel or other financial model applications you may be using, and more because of human error in formulating calculations or conversions in a financial [...]


Related posts:<ol><li><a href='http://www.financialmodelingguide.com/modeling-discipline/spreadsheet-audit-tools/' rel='bookmark' title='Permanent Link: Financial Modeling Discipline &#8211; Use Built in Spreadsheet Tools to Check for Errors'>Financial Modeling Discipline &#8211; Use Built in Spreadsheet Tools to Check for Errors</a></li>
<li><a href='http://www.financialmodelingguide.com/modeling-discipline/columns-rows-consistent/' rel='bookmark' title='Permanent Link: Financial Modeling Discipline &#8211; Keep Columns and Rows Consistent'>Financial Modeling Discipline &#8211; Keep Columns and Rows Consistent</a></li>
<li><a href='http://www.financialmodelingguide.com/modeling-discipline/financial-modeling-discipline/' rel='bookmark' title='Permanent Link: Financial Modeling Discipline &#8211; Guiding Principles'>Financial Modeling Discipline &#8211; Guiding Principles</a></li>
</ol>]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Financial Modeling Discipline &#8211; Guiding Principles</title>
		<link>http://www.financialmodelingguide.com/modeling-discipline/financial-modeling-discipline/</link>
		<comments>http://www.financialmodelingguide.com/modeling-discipline/financial-modeling-discipline/#comments</comments>
		<pubDate>Wed, 23 Sep 2009 06:00:41 +0000</pubDate>
		<dc:creator>Financial Modeling Guide</dc:creator>
				<category><![CDATA[Financial Modeling Discipline]]></category>
		<category><![CDATA[financial analyst]]></category>
		<category><![CDATA[financial model]]></category>
		<category><![CDATA[financial modeling]]></category>

		<guid isPermaLink="false">http://www.financialmodelingguide.com/modeling-discipline/financial-modeling-discipline/</guid>
		<description><![CDATA[A good financial analyst has the discipline of adhering to a list of guiding principles to help ensure that the development of the financial model achieves the desired results.
By following these simple steps, a financial analyst should be able to build a financial model that is simple, accurate and most importantly consistent, to help build confidence [...]


Related posts:<ol><li><a href='http://www.financialmodelingguide.com/financial-modeling-tips/planning/key-steps-in-financial-modeling/' rel='bookmark' title='Permanent Link: Key Steps in Financial Modeling'>Key Steps in Financial Modeling</a></li>
<li><a href='http://www.financialmodelingguide.com/modeling-discipline/magic-numbers/' rel='bookmark' title='Permanent Link: Financial Modeling Discipline &#8211; Never Use Magic Numbers'>Financial Modeling Discipline &#8211; Never Use Magic Numbers</a></li>
<li><a href='http://www.financialmodelingguide.com/modeling-discipline/columns-rows-consistent/' rel='bookmark' title='Permanent Link: Financial Modeling Discipline &#8211; Keep Columns and Rows Consistent'>Financial Modeling Discipline &#8211; Keep Columns and Rows Consistent</a></li>
</ol>]]></description>
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		<slash:comments>2</slash:comments>
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