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What is a Merger Model?

A merger model represents the financial position arising on the combination of two companies. Companies can combine in a number of ways including a merger under a mutual agreement to form a consolidated entity or an acquisition. An M&A model is an advanced model used to evaluate the pro forma accretion/dilution of earnings per share […]

What is a Three Statement Model?

what is a three statement model?

A Three statement model is a basic setup for financial modelling. This type of model includes three different statements: Income statement Balance sheet Cash flow These are all linked with Excel formulas. The objective is to set it up so all the accounts are connected and a set of assumptions can drive changes in the […]

Financial Modellers are Changing the World

FinancialModellersareChangingtheWorld

Whilst staring at a financial model, it is really easy to get lost in the numbers. It’s all rows and columns of excel, abstracted from the real world. It’s just another Infrastructure project……..Or is it? It is worth taking a step back once in a while to reflect on what the numbers on the screen […]

Openbox V1.0

Openbox V1.0

The last year has been quite a journey for Openbox. The pace of change really picked up over the last couple of months as 500 beta users have tested Openbox and given us unbelievably valuable feedback. We are now nearly ready to take the big step to version 1.0. We’ll be releasing this in early […]

Openbox Public Beta – Key updates and bug fixes since the private beta closed

Openbox Public Beta

The Openbox private beta closed late last year, and since then we’ve been concentrating on delivering the improvements that beta users asked for. We’re grateful to the dedicated users who have continued to send us additional suggestions, and we’ve been working to include those as well. So, as we launch the public beta, here is […]

Public Health England’s COVID-19 Excel Error

excel error

Here at Gridlines, we are always banging on about spreadsheet risk and the risk of errors in Excel. Usually, we keep it light: “The world’s largest legal weed business had its accounts go up in smoke after a spreadsheet error caused it to underreport its losses.” Or perhaps even….. “Bargain Booze’s spreadsheet hell sinks the […]