#EiEFreshTalk by Excel in Excel

In this podcast with Danielle Stein Fairhurst, we are talking about Best Practices in Financial Modeling

It’s never been more important to have a dynamic financial model to accurately predict business outcomes and forecast volatile economic inputs. One of the biggest issues facing users of Excel, particularly for those building financial models is the possibility of error. Join us to hear from financial modeling specialist, Danielle Stein Fairhurst as she explains financial modeling best practices for robust and dynamic models:

• Why and how of assumptions documentation
• Strategies to reduce error
• Building error checks into your financial models
• Tips, tricks, dos and don’t for best practice modeling

Danielle Stein Fairhurst is the Principal of Plum Solutions, a Sydney-based consultancy specialising in financial modeling and analysis. She is the author of “Using Excel for Business and Financial Modelling”, Third Edition published by Wiley Finance 2019 and “Financial Modeling in Excel for Dummies” published by Wiley in 2017. She founded the Financial Modellers’ Meetup groups, is on the judging panel for the 2019 Financial Modelling Innovation Awards and the Diversity Council for the ModelOff Financial Modeling World Championships.

• Inventory Accounting in Manufacturing Entities in Tally.
• Common errors in Accounting of stock related transactions in Manufacturing Organisations.
• Missing in-built controls in closing stock valuation in Tally.
• Stock consumption entries in Tally.
• Integration of Accounting and Inventory records in Tally.

• A Chartered Accountant by profession and an Educator by passion.
• Specializes in Internal Control Systems and Business Management Consultancy.
• Conducted 500+ sessions on Financial Investigation through Tally.
• Youngest contributor for book “Investigation Techniques for Income Tax Officers” published by CBDT.
• Awarded with “Women of Substance” award 2018-2019 by She Fest an event by Times of India.

Academic qualifications: B.Com, FCA, Licentiate CS, DISA (ICAI).