| INTRODUCTION | |
| It is your first day at a new employer, a massive company that produces widgets. The company has a | |
| basic 15 year forecasting model including a profit and loss statement, balance sheet and cash flow | |
| statement. The previous analyst has already left and there was no chance for a proper handover. | |
| Fortunately they left you with a series of notes that set out where they believe there are issues in the | |
| current model. You are required to identify and fix these errors so you can brief the CFO on the model | |
| outputs. | |
| For each question below, you will be provided with the previous analyst’s note on where they thought an | |
| error existed. You will be required to find and correct the error. To assist with this, you are also provided | |
| the cell reference for where the error(s) are located. | |
| Once the error(s) are fixed, you will be able to select the correct answer from the multiple choice options | |
| available. | |
| YOU MUST complete the questions in sequence. Ensure your model has the correct answer before | |
| continuing. When making your changes, make sure the change is made across the whole row. | |
| You should not have to insert any rows or columns to fix the errors in the model. If you do insert rows or | |
| columns the cell references below will no longer line up to the model. | |