Stage 2 (2022) “Client’s Model”

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Stage 2 (2022) "Client's Model"

Stage 2 (2022) "Client's Model"

Client’s Model is an actual case from the Financial Modeling World Cup 2022, Stage 2 (March 11-14) competition. This case contains a simple model taken over from a client, which has several errors (a total of 4 errors). You have to find and correct these errors

Case description:

The objective of this case is to identify and correct the mistakes made in the provided financial model. The model is used to calculate the costs of various products, but the author has made several errors and failed to follow industry best practices. The ultimate goal is to fix the model so that it accurately calculates the costs of different products.

These mistakes could potentially result in inaccurate cost calculations and impact business decisions. Additionally, the author of the model has not followed industry best practices, resulting in unnecessarily complicated formulas that could be streamlined.

The downloadable file consists of the following:
Task: PDF file with Case Materials; PDF file with Questions; Excel file with the initial model
Solution: Excel file with full Solution Model; PDF file with correct Answers in Bold

This model awarded 200 regular points, while the whole 2h Stage allowed to earn 1,150 points in total.

For your questions/suggestions/consideration please reach out to the Organizing Committee of the Financial Modeling World Cup at
You can also buy tickets to participate in the future FMWC Stages here.


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