Number One Issue with Three Statement Modeling
In this video, I discuss the number one issue I see with three statement modeling, which is using the statement of cash flows to reverse engineer the balance sheet. I explain why this approach is prone to error and circularity. Instead, I recommend using the statement of cash flows to reference the information already present in the income statement and balance sheet. By doing so, you can avoid manual data entry and ensure accuracy in your financial modeling.
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—Chris
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