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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>Wed, 05 May 2010 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>

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		<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 [...]


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>
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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, 21 Apr 2010 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”, [...]


Related posts:<ol><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/common-mistakes/' rel='bookmark' title='Permanent Link: Common Mistakes in Financial Modeling'>Common Mistakes in Financial Modeling</a></li>
<li><a href='http://www.financialmodelingguide.com/financial-modeling-tips/tricks/microsoft-excel-finance/' rel='bookmark' title='Permanent Link: What Every Financial Analyst Should Know About Excel'>What Every Financial Analyst Should Know About Excel</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, 14 Apr 2010 13:00:29 +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 [...]


Related posts:<ol><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>
<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>
<li><a href='http://www.financialmodelingguide.com/analytical-tools/financial-simulation-model/' rel='bookmark' title='Permanent Link: Financial Simulation Analysis &#038; Modeling'>Financial Simulation Analysis &#038; Modeling</a></li>
</ol>]]></description>
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		<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>Wed, 07 Apr 2010 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 [...]


Related posts:<ol><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>
<li><a href='http://www.financialmodelingguide.com/financial-modeling-tips/tricks/spreadsheet-excel-functions/' rel='bookmark' title='Permanent Link: Useful Speadsheet (Excel) Functions for Financial Modeling'>Useful Speadsheet (Excel) Functions for Financial Modeling</a></li>
<li><a href='http://www.financialmodelingguide.com/financial-modeling-tips/planning/financial-models/' rel='bookmark' title='Permanent Link: The Big Picture: Understanding Different Types Of Financial Models'>The Big Picture: Understanding Different Types Of Financial Models</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>Fri, 02 Apr 2010 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 [...]


Related posts:<ol><li><a href='http://www.financialmodelingguide.com/financial-modeling-tips/planning/idiot-proof-financial-model/' rel='bookmark' title='Permanent Link: Designing a Financial Model – Making it Idiot Proof'>Designing a Financial Model – Making it Idiot Proof</a></li>
<li><a href='http://www.financialmodelingguide.com/financial-modeling-tips/planning/financial-model-deliverables/' rel='bookmark' title='Permanent Link: Planning a Financial Model &#8211; Define Key Deliverables'>Planning a Financial Model &#8211; Define Key Deliverables</a></li>
<li><a href='http://www.financialmodelingguide.com/valuation-concepts/financial-valuation-concepts-points-to-consider/' rel='bookmark' title='Permanent Link: Financial Valuation Concepts &#8211; Points to Consider'>Financial Valuation Concepts &#8211; Points to Consider</a></li>
</ol>]]></description>
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		<slash:comments>2</slash:comments>
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