What are the two essential milestones in building a financial model?

Revenue Model and Assumption Sheet P&L Projection and Cash Flow Statement Balance Sheet Projection and P&L Projection Assumption Sheet and Balance Sheet

What is the first step in building a financial model after creating the assumption sheet?

Balance Sheet Projection Revenue Model P&L Projection Debt Schedule

What is the purpose of schedules in a financial model?

To provide a granular view of assumptions To calculate the tax amount To project the balance sheet To determine the dividend payout

How are most of the balance sheet assumptions determined?

Based on net sales Based on gross block Based on previous year's data Based on industry averages

What is the key expectation when the cash and bank balance number flows from the cash flow statement back to the balance sheet?

The balance sheet should balance The net income should increase The liabilities should decrease The assets should remain unchanged