Being able to construct and balance a 3-statement model is a critical skill for many roles in accounting and finance. Including an income statement, cash flow statement, and balance sheet helps to assess the financial health of a business, and connecting the balance sheet correctly adds an error detection system that highlights issues within the financial model.
This course discusses model circularity in detail, beginning with the advantages and disadvantages of building circular models, reviewing the model's two circular loops, and walking through the steps to install a circularity switch. Important figures from the financial statements are summarized on an attractive model dashboard, and the course also reviews the print settings used to format the model as a polished financial presentation.