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.

$-$We can set up multiple checks to see if there are errors in our financial model.

$-$You should 'plug' an unbalanced balance sheet.

$-$The Balance Sheet acts as a natural error detection system.

$-$It doesn't matter if a balance sheet balances because a decision will be made based on income statement data.