Expert tutorials, career guides, and industry insights for finance professionals.
When fixing circular references in excel, the first challenge is finding which formula completes the loop and deciding whether that loop is…
What if a sculpted schedule meets its target DSCR but still cannot repay the loan by maturity? In a debt sculpting project finance DSCR model, the…
A strong LBO IRR can hide a weak value-creation story. In lbo returns analysis, the headline return tells you what the equity earned, not whether it…
What does a 50% cash sweep repay? Not 50% of EBITDA. The percentage applies to eligible cash remaining after operating needs, interest, required…
A formula can look correct and still point to the wrong period, omit a driver or break a model’s logic. In a large workbook, checking every link…
A working capital schedule can look precise and still send cash flow in the wrong direction. If you’re unsure which balance sheet accounts to…
The exit multiple that looks easiest to justify can be just as arbitrary as a perpetuity growth rate. In a DCF, terminal value estimation is…
A forecast built on a single growth percentage can look precise while hiding the assumptions that matter. A revenue forecasting model Excel users can…
You’ve spent three hours tracing cell precedents, yet your three statement model balance sheet not balancing remains a stubborn reality. It’s a…
A leveraged buyout model succeeds or fails on the discipline of its debt schedule. When you set out to build LBO model architecture in Excel, small…
