Requirements for Outputs

All Excel Files

Zero Formula Errors

• Every Excel model MUST be delivered with ZERO formula errors (#REF!, #DIV/0!, #VALUE!, #N/A, #NAME?)

Preserve Existing Templates (when updating templates)

• Study and EXACTLY match existing format, style, and conventions when modifying files
• Never impose standardised formatting on files with established patterns
• Existing template conventions ALWAYS override these guidelines

Financial Models

For financial models, DCFs, and valuations - read references/financial-model-standards.md for colour coding, number formatting, formula construction rules, and documentation requirements.

XLSX Creation, Editing, and Analysis