A financial model is a spreadsheet that is built with Microsoft Excel or other spreadsheet tools.
The purpose of a financial model is to help in forecasting the possible outcome
of the financial performance of a business based on given assumptions and drivers.
Usually previous historical financial records will be needed before a financial model can be built.
The financial records of a business can be seen in the following financial statements
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Income Statement
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Balance Sheet
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Statement of Cash Flow
Each of the above financial statement contains specific information that shows financial health of the business or an organzation.