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Building High-Quality Financial Models

Firms spend an enormous amount of time, money, and effort in financial forecasting to make strategic decisions that determine their long-run financial performance. In practice, spreadsheet-based financial models are used to forecast or predict a firm’s future financial performance. A financial model is simply a mathematical representation of a financial situation or condition. Financial planning […]

Strategic Role of Economic Profit (EP)

The economic profit (EP) matric is a powerful tool to value businesses, evaluate strategies, and measure and evaluate performance. It can also be used to generate wealth for owners of small businesses and large corporations. All firms small or large have a formal or informal strategy with a quest to create value, and therefore, the […]