{"id":8785,"date":"2015-03-11T22:18:09","date_gmt":"2015-03-11T22:18:09","guid":{"rendered":"https:\/\/www.financial-fluency.co.uk\/?page_id=8785"},"modified":"2022-06-29T15:19:41","modified_gmt":"2022-06-29T14:19:41","slug":"financial-modelling-of-real-world-complexities","status":"publish","type":"page","link":"https:\/\/www.financial-fluency.co.uk\/online-learning\/financial-modelling\/financial-modelling-of-real-world-complexities\/","title":{"rendered":"Financial Modelling of Real World Complexities"},"content":{"rendered":"

Online Financial Modelling Course
\n– \"ModellingAccounting for Real World Complexities in Financial Models<\/h2>\n

This is course number three in a series of four courses.<\/em><\/p>\n

Financial models are powerful tools but not without their limitations.<\/p>\n

Ignoring the complexities and uncertainties of the real world can lead to unrealistic results.<\/p>\n

This course explains how to decide which complexities to include in your financial models and how to include them.<\/p>\n

You\u2019ll be looking at what effect variable inputs, economic factors and scenario based inputs can have on models. The course also takes a look at the vital importance of the way in which data is presented, and how this can be a strength rather than a weakness.\"buy<\/a><\/p>\n

Financial Modelling of Real World Complexities
\nenables the learner to:<\/h3>\n

\u2022 Recognise what \u2018real world complexities\u2019 are and why businesses \"Modelling
\nare concerned about them
\n\u2022 Understand how financial models can deal with unpredictable inputs
\n\u2022 Learn how economic factors affect financial models and reflect the real world
\n\u2022 Test your financial model efficiently to include a variety of assumptions
\n\u2022 Identify the best way to report your financial model to different
\naudiences<\/p>\n

\n\n\n\n\n\n\n
Rating: \"5<\/td>\n<\/td>\n<\/tr>\n
Reviews:<\/td>\n<\/tr>\n
\n

“Building upon other financial modelling courses it improved my ability and understanding of financial modelling and will be very useful in my work.”<\/span><\/p>\n<\/td>\n<\/tr>\n

You can review this course using the questionnaire in the course completion area.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

Learning outcomes of Financial Modelling of Real World Complexities<\/h3>\n

Introduction \u2013 Levels of Complexity <\/strong>
\n\u2022 What are real world complexities?
\n\u2022 Why are businesses concerned about these real world complexities?
\n\u2022 What challenges do real world complexities present?
\n\u2022 Can I test a model to determine the effects of real world complexities?
\n\u2022 Which complexities are particularly difficult to include in a business financial model?
\n\"Modelling<\/a><\/p>\n

Variable Inputs<\/strong>
\n\u2022 What are variable inputs in relations to modelling real world complexities?
\n\u2022 How can the model deal with unpredictable or \u201cactual\u201d inputs?
\n\u2022 Should I include non-financial calculations to drive the costs and\/or revenues?
\n\u2022 Which ingredients are required to calculate the sales revenue?
\n\u2022 How are the calculation blocks for the sales revenues constructed?
\n\"Modelling<\/a><\/p>\n

Economic Factors<\/strong>
\n\u2022 What economic factors is a financial model likely to include?
\n\u2022 Which ingredients are required to calculate the escalation factor?
\n\u2022 How is the calculation block for the inflation factor constructed?
\n\u2022 What should I consider when modelling cash flows which are denominated in different currencies?
\n\u2022 How do I set up the model to deal with different currencies?
\n\u2022 What do I need to know about interest rates?
\n\"Modelling<\/a><\/p>\n

Scenarios <\/strong>
\n\u2022 Why might you want to test different scenarios in a model?
\n\u2022 What if my assumptions turn out to be inaccurate?
\n\u2022 How can I efficiently use my model to test a variety of assumptions?
\n\u2022 What calculations need to be included?
\n\u2022 How can I gain experience of using the model in this way?
\n\"Modelling<\/a><\/p>\n

Reporting Requirements<\/strong>
\n\u2022 What do I need to know about reporting?
\n\u2022 Does FAST apply the same rules to presentational sheets?
\n\u2022 How can I incorporate the non-financial data in the output presentation?
\n\u2022 What is a \u201cdashboard\u201d in the context of financial modelling?
\n\"Modelling<\/a><\/p>\n

Target audience for Financial Modelling of Real World Complexities<\/h3>\n

Anyone involved in creating or interpreting financial models.<\/p>\n

About the author of Financial Modelling of Real World Complexities<\/h3>\n

\"GrantGrant Thornton UK LLP specialise in developing, building and reviewing financial models for clients.<\/p>\n

Grant Thornton is one of the world’s leading organisations of independent assurance, tax and advisory firms. Over 38,500 Grant Thornton people, across 120 countries, are focused on making a difference to clients, colleagues and the communities in which they live and work.<\/p>\n

Flexible learning<\/h3>\n

Learners take their own route through the topics covered in the course. They will learn at their own pace through a variety of activities designed to accommodate a range of learning styles.<\/p>\n

Please review our Frequently Answers Questions<\/a> (FAQs) for answers to the most common questions we receive (opens in a new window).<\/p>\n

\"\"<\/a><\/p>\n

<\/a><\/p>\n

\"4\"Financial
\n 
\nUse promo code FF101<\/strong><\/font> at checkout to receive the Financial Fluency special price<\/em>
\nUse promo code FF20<\/strong><\/span> at checkout to receive \u00a3100 discount on 5 or more courses<\/em><\/p>\n <\/p>\r\n

<\/a>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Online Financial Modelling Course – Accounting for Real World Complexities in Financial Models This is course number three in a series of four courses. Financial models are powerful tools but not without their limitations. Ignoring the complexities and uncertainties of the real world can lead to unrealistic results. This course explains how to decide which […]<\/p>\n","protected":false},"author":15,"featured_media":0,"parent":9292,"menu_order":2,"comment_status":"closed","ping_status":"open","template":"pagetemplate2.php","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.financial-fluency.co.uk\/wp-json\/wp\/v2\/pages\/8785"}],"collection":[{"href":"https:\/\/www.financial-fluency.co.uk\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.financial-fluency.co.uk\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.financial-fluency.co.uk\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.financial-fluency.co.uk\/wp-json\/wp\/v2\/comments?post=8785"}],"version-history":[{"count":18,"href":"https:\/\/www.financial-fluency.co.uk\/wp-json\/wp\/v2\/pages\/8785\/revisions"}],"predecessor-version":[{"id":18960,"href":"https:\/\/www.financial-fluency.co.uk\/wp-json\/wp\/v2\/pages\/8785\/revisions\/18960"}],"up":[{"embeddable":true,"href":"https:\/\/www.financial-fluency.co.uk\/wp-json\/wp\/v2\/pages\/9292"}],"wp:attachment":[{"href":"https:\/\/www.financial-fluency.co.uk\/wp-json\/wp\/v2\/media?parent=8785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}