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hello today im going to discuss some of the areas as a follow-up to my article the practical corporate governance tools which you can apply in financial modelling as discussed is abundantly clear that the functionality of a spreadsheet can deliver immense flexibility and value to financial modelling professional whether they are undertaking strategic planning investor pitch book presentations project or investment finance or general financial reporting analysis all these disciplines however different can all benefit greatly from excels rich features and functionality first error im going to talk to you about is the power of error and alert checks so in this example im going to take you to the income statement and show you how the addition of some high-level alert checks such as comparing the ebit number to the companys source financials which have been derived from either hyperion quickbooks or another accounting system will provide immense added value and surety to executives as