This subject focuses on the skills and techniques required to construct financial models to measure the effects of varying economic and environmental scenarios on an organisation’s performance. Spreadsheet models are used in business valuation, business analysis and risk management. Therefore, the ability to construct, understand and stress test models is an essential skill in applied finance. This subject covers model construction, assumptions, advanced excel functionality, detection and prevention of errors, sensitivity analysis, presentation of model output, and tips and traps. Application involves creation of models to make accurate predictions across varied scenarios and case studies, including reporting and communicating with relevant scenario stakeholders. For more information, please refer to the subject outline here.