Best practices, circularity, and structuring a model an MD can actually read.
The habits that make a model trustworthy: blue inputs and black formulas, one assumptions area, one-directional flow, no buried hardcodes, no plugs, and checks that prove the balance sheet balances.
7 min read
How the income statement, balance sheet, and cash flow statement wire together in an actual model, how the debt schedule feeds interest, and the one-statement-at-a-time way to debug when the balance sheet won't balance.
6 min read
A debt schedule tracks how much debt a company owes each year, and it creates a famous circular reference. Here is why the loop exists and how to control it.
