Economics · Financial Accounting
Which of the following represents a fundamental error or 'fatal flaw' in financial modelling?
- 1Using separate tabs for assumptions and outputs
- 2Breaking the Balance Sheet check so Total Assets ≠ Total Liabilities + Equity✓
- 3Including an audit check row
- 4Using blue color for hardcoded inputs
Correct answer
Breaking the Balance Sheet check so Total Assets ≠ Total Liabilities + Equity
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