ch1-lect_intro

ch1-lect_intro - Chapter 1 Intro Introduction You may think...

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Chapter 1 - Intro Introduction You may think that you already know Excel. This course is NOT an Excel training course. This course is about how we use tools like Excel to help us make more informed decisions in financial management. Excel just happens to be one of the more powerful and accessible tools that we have in our financial management tool kit to help us summarize, report, and analyze data. As Wayne Winston writes in “whether you work for a Fortune 500 corporation, a small company, a government agency, or a not-for-profit organization, … the chances are you use MS Office Excel in your daily work” (2007, p. vii). The power of Excel is that it allows us to build analytic models that financial managers can use repeatedly to evaluate the impact of manipulating various decision variables on overall outcomes. Variables are simply elements in our models, like x and y, or “this or that”, or for example - sales and cash flows. Manness & Zeitlow (2005) write that “modeling is the process
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This note was uploaded on 02/14/2011 for the course FINANCE 615 taught by Professor Green during the Fall '09 term at UMBC.

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ch1-lect_intro - Chapter 1 Intro Introduction You may think...

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