Читать книгу See-Through Modelling - Dominic Robertson - Страница 84

Specification means ‘the specification of the content and structure of the model’. The model content is made up of a logical machine into which data is input. This logical machine will use this input data to calculate defined outputs. The model structure is made up of organised content set in a specific timeframe.

The first step in building a new model is to define the timeframe of the model. By this I mean start dates, end dates, reporting dates and periodicity. The second step is to define and specify the main outputs in the model; these main outputs are the financial statements of the legal entity or company being modelled.

After these two steps each line of the financial statements is used to further define the content of the model.