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Guide on Financial Model Review

Financial Model Reviews are nothing but the review of financial models which are complex spreadsheets, detailing the financial risks and income opportunities that are likely to come up in the lifetime of a business.

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Guide on Financial Model Review

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  1. Guide on Financial Model Review Financial Model Reviews are nothing but the review of financial models which are complex spreadsheets, detailing the financial risks and income opportunities that are likely to come up in the lifetime of a business. It’s for large projects, given the complexity, size, and lifespan of the business. Given the various scenarios that are applied to financial models to make them more robust and adaptive – the chances of errors creeping in are also quite high, therefore, conducting a financial model review proves to be beneficial. The errors can be quite difficult to detect since the authors are very closely involved with the project, so hiring CPA firms in Dubai might do your firm some good.

  2. Therefore, undertaking a financial model review proves to be a value-add activity, and helps you with a reliable, tested, and accurate financial model. Model Validation is an iterative process that validates and verifies the usability and adaptability of the financial model for the intended business use. It involves a detailed review of the financial data accuracy, and outlines and logical flow and integrity of the formulas used in the spreadsheets. It raises questions on the data, the contradictions, and assumptions used and accurately translates that into financial agreements – while also ensuring there aren’t any formulae, arithmetical and clerical errors. If you are looking for financial model reviews, look no further than PKF UAE. Their services include a model validation by at least three to four individuals who are professionals in spreadsheet operation, use and controls, legal and commercial experts in terms of financing and banking, and finally on international reporting standards. And the team works together to issue an opinion on the integrity, quality, and reliability of the Model – thus making it robust! They have also undertaken detailed model validations on various transactions across sectors such as real estate/ infrastructure, higher education, contracting, manufacturing, power plant, mining, and sewerage amongst others.

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