Articles
Notes on FP&A, budgeting, and the lessons learned while building each model and dashboard.
All Articles
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A High ROE Can Hide Two Very Different Companies
Two companies, same ROE. One earns it through profitability and efficiency. The other borrows its way there. DuPont decomposition shows you which is which.
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The Three Statements Tell You When You Are Wrong
The income statement, balance sheet, and cash flow statement are not three separate documents. They are a closed system, and that means they check your work.
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A Company Can Be Profitable and Still Go Broke
Profit and cash are not the same thing. A company can report growing profit year after year and still run out of money. The reason is hiding in working capital.
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Why I Am Learning SQL, and How
I already had Excel and Power BI. SQL kept showing up in job postings as the skill I was missing, so I mapped out a learning path and started working through it.
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What the Cash Balance Hides: How Texas Instruments Actually Funded Its Fab Expansion
A three-statement model surfaced something the income statement alone never shows. TXN's fab expansion wasn't financed the way the cash balance suggested.
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