1. Here s a basic exercise that will help you understand what s going on in the modeling of fi nancial statements. Replicate the model in section 5.1. That is, enter the correct formulas for the cells and see that you get the same results as the book. (This turns out to be more of an exercise in accounting than in fi nance. If you re like many fi nancial modelers, you ll see that there are some aspects of accounting that you ve forgotten!)

From- Simon_Benninga_Financial_Modeling_4th_ed book (Chapter-5 exersise-1)