Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Ms. James, a research analyst prepared a financial model on company ABC and unfortunately got sick and went on leave. During her absence, the financial
Ms. James, a research analyst prepared a financial model on company ABC and unfortunately got sick and went on leave. During her absence, the financial market moved exactly opposite to her expectations and the financial model of company ABC needed to change per the current situation. Due to Ms. James absence, her assistant Mr. Greene was asked to incorporate the necessary changes in the financial model for company ABC. Ms. James knew how to prepare a financial model but she lacked the knowledge of implementing a financial model that others could understand. Mr. Greene opens the model and gets confused looking at the model as he is not able to understand the information provided. Directions: This week we focused on Financial Management and Financial Modeling. Answer the following question(s) below. Your word count for this assignment needs to be at least 400 words (total..not 400 words per question). Do you think a model which another person is unable to understand is a good model? Why? What do you think can happen if a financial model is hard to understand? What can happen to the company? What should the company do to avoid this situation in the future? How would you explain the importance of a financial model to a small business owner
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started