Financial model and Financial reporting: Difference between pages

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''Spreadsheets and models.''
1.  


A simplified representation of a financial situation, using selected assumptions.  
Financial reporting is traditionally external.


Financial models are widely used in practice for valuation, and to support financial decisions and risk management.
It is concerned with collating and providing information to external stakeholders, the financial markets and the public.


Models are also an important tool in finance coaching and financial education.
Financial reporting is also known as financial accounting.




In simple terms, a model:
2.  
*Presents a financial calculation (or calculations)
*In a way that enables the user to understand it and to challenge it, especially about its assumptions.


The term 'financial reporting' is also used by some organisations in a broader sense, to include internal reporting (as well as external).




== See also ==
== See also ==
* [[Ceteris paribus]]
* [[Closing exchange rate]]
* [[Coaching]]
* [[Financial accounting]]
* [[Deterministic]]
* [[FP&A]]
* [[FAST]]
* [[Management accounting]]
* [[Financial]]
* [[Stakeholder]]
* [[Financial maths]]
* [[Financial modelling]]
* [[Input]]
* [[Model]]
* [[Risk management]]
* [[Rounding]]
* [[Sensitivity analysis]]
* [[Shadow model]]
* [[Simulation]]
* [[Spreadsheet]]
* [[Spreadsheet risk]]
* [[Stochastic]]
* [[Tab]]
* [[Workbook]]
 
[[Category:The_business_context]]
[[Category:Corporate_finance]]
[[Category:Investment]]
[[Category:Long_term_funding]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Financial_products_and_markets]]
[[Category:Technology]]

Revision as of 09:08, 21 May 2017

1.

Financial reporting is traditionally external.

It is concerned with collating and providing information to external stakeholders, the financial markets and the public.

Financial reporting is also known as financial accounting.


2.

The term 'financial reporting' is also used by some organisations in a broader sense, to include internal reporting (as well as external).


See also