Financial modeling professionals typically break their work down into modular steps for ease and transparency, before linking everything back to the three core financial statements. Which of the following is a true statement? Select ALL that apply. It doesn't matter if a balance sheet balances because a decision will be made based on income statement data. The Balance Sheet acts as a natural error detection system. You should 'plug' an unbalanced balance sheet. We can set up multiple checks to see if there are errors in our financial model