The steps involved in creating financial spreadsheets can be summarized as follows:
- Enter Historical data of 3-5 years and calculate historical ratios and observed trends for the company.
- List down the assumptions for the business in the coming future and its impact.
- Forecast the financial statements on the basis of these assumptions
- Calculate FCFF and FCFE and perform DCF analysis for the firm.
- Check for errors. Conduct sensitivity, scenario and stress testing for the model.
- Create charts and graphs to present the model succinctly.
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