Financial modeling professionals typically break their worl before linking everything back to the three core financial down into modular steps for ease and transparency.

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.

The Balance Sheet acts as a natural error detection system.

You should 'plug' an unbalanced balance sheet.

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