Checking a Model for Integrity and Errors – Felix

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Checking a Model for Integrity and Errors

Understand how to find errors in 3 statement models.

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15 Lessons (35m)

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Description & Objectives
1. Error Checking Techniques and Shortcuts

04:17
2. Sense, Structure and Stress Check

03:21
3. Balance Sheet out of Balance

02:11
4. Model BS Unbalanced - Find the Figure

01:09
5. Model BS Unbalanced - Can't Find the Figure

02:06
6. Model Sense Check - Strange Trend 1

01:55
7. Model Sense Check - Strange Trend 2

01:53
8. Model Sense Check - Strange Trend 3

02:18
9. Model BS Unbalanced - Difference Repeats Each Year

02:19
10. Model BS Unbalanced - From Year 2 Onwards

01:47
11. Model Structure Check

01:34
12. Model - Circular Audit Tool 1

03:50
13. Model - Circular Audit Tool 2

02:48
14. Model - Multiple Errors

04:13
15. Checking a Model for Integrity and Errors Tryout

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Description

Understand how to find errors in 3 statement models.

Learning Objectives

Identify the top ten errors in financial models.
Use an auditing and error-checking toolkit.
Assess your own model for errors.
Evaluate someone else s model for errors.

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CPE

What is CPE?

CPE stands for Continuing Professional Education, by completing learning activities you earn CPE credits to retain your professional credentials. CPE is required for Certified Public Accountants (CPAs). Financial Edge Training is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.

What are CPE credits?

For self study programs, 1 CPE credit is awarded for every 50 minutes of elearning content, this includes videos, workouts, tryouts, and exams.

CPE Exams

You must complete the CPE exam within 1 year of accessing a related playlist or course to earn CPE credits. To see how long you have left to complete a CPE exam, hover over the locked CPE credits button.

What if I'm not collecting CPE credits?

CPE exams do not count towards your FE certification. You do not need to complete the CPE exam if you are not collecting CPE credits, but you might find it useful for your own revision.

Further Help

Felix How to Guide walks you through the key functions and tools of the learning platform.
Playlists & Tryouts: Playlists are a collection of videos that teach you a specific skill and are tested with a tryout at the end. A tryout is a quiz that tests your knowledge and understanding of what you have just learned.
Exam: If you are collecting CPE points you must pass the relevant CPE exam within 1 year to receive credits.
Glossary: A glossary can be found below each video and provides definitions and explanations for terms and concepts. They are organized alphabetically to make it easy for you to find the term you need.
Search function: Use the Felix search function on the homepage to find content related to what you want to learn. Find related video content, lessons, and questions people have asked on the topic.
Closed Captions & Transcript: Closed captions and transcripts are available on videos. The video transcript can be found next to the closed captions in the video player. The transcript feature allows you to read the transcript of the video and search for key terms within the transcript.
Questions: If you have questions about the course content, you will find a section called Ask a Question underneath each video where you can submit questions to our expert instructor team.