Język Polski
English
Published
:
2017-12-30
Application of Models in Financial Management
Dariusz Zarzecki
Abstract
The basic purpose of using any model is to construct a representation of the real world for purposes of experimentation. Financial models are key tools for decision makers. Financial models can help the user of a model to examine problems and evaluate the impact of changing the model's assumptions. The model allows the modeller to understand and learn relevant financial concepts. In order to be used correctly, a financial model must be adequately designed and consist of three components: data, logic and output. The use of models in practice requires a proper understanding of economic and financial aspects of a given business and its environment. It also requires some discipline in structuring the model.(original abstract)Keywords:
Financial management, Enterprises financial management, Financial planningMost read articles by the same author(s)
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Zarzecki, D. (2017). Application of Models in Financial Management. Zeszyty Naukowe Wyższej Szkoły Bankowej W Poznaniu, 77(6). Retrieved from https://journals.wsb.poznan.pl/index.php/znwsb/article/view/793