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Creating complex financial models

ChatGPT is an artificial intelligence language model that can assist virtual assistants in creating complex financial models with ease. With ChatGPT's natural language processing capabilities, it can understand and interpret complex financial jargon, formulas, and data sets. ChatGPT can help virtual assistants with tasks such as forecasting, risk analysis, and financial statement analysis. Its ability to generate responses quickly and accurately allows for more efficient financial modeling and decision-making.

Assistants
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Prompts

Copy a prompt, replace placeholders with relevant text, and paste it at Quel Chat in the right, bottom corner for an efficient and streamlined experience.

Prompt #1

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We are in the process of devising a comprehensive budgetary plan for our esteemed client, [CLIENT NAME]. We request your assistance in creating an intricate [SPREADSHEET/ FINANCIAL MODEL], incorporating both revenue streams and expense outflows for the forthcoming [TIME FRAME: MONTHLY/QUARTERLY/ANNUALLY]. ​The spreadsheet should contain distinct fields enabling us to monitor and assess key financial [VARIABLES/METRICS] such as, but not limited to, [WAGES/SALARIES], [SUPPLIES/RAW MATERIAL COSTS], [OVERHEAD COSTS/FIXED AND VARIABLE OPERATING EXPENSES]. ​Please ensure to integrate the provided information into the model: [DETAILED INFORMATION FOR THE MODEL]. It is crucial to structure the model in a way which allows for future adjustments and scalability, given the potential fluctuation of these variables. ​We also expect the model to provide a clear distinction between capital and operational expenses and cater for the possibility of adding additional revenue streams or cost centers in the future. We rely on your expertise to ensure this budget model serves as a robust tool for our financial planning and management.

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Prompt #2

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We need your assistance in creating a business valuation model for our [COMPANY NAME]. Please help us calculate [CRITERIA 1], [CRITERIA 2], and [CRITERIA 3] based on financial data for the past [NUMBER] years. This is the data for the model: [DATA]

Prompt #3

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We need a cash flow forecast for our [COMPANY NAME]. Can you help us predict cash inflows and cash outflows for the next [TIME FRAME]? Please consider [CRITERIA 1, e.g., FIXED COSTS, VARIABLE COSTS, OPERATING EXPENSES], [CRITERIA 2], and [CRITERIA 3]. Information for the forecast: [INFORMATION]

Prompt #4

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We need a capital budgeting model for our [CLIENT NAME]. Can you analyze the cash flows and calculate the [CRITERIA 1, e.g., NET PRESENT VALUE, INTERNAL RATE OF RETURN, PAYBACK PERIOD], [CRITERIA 2], and [CRITERIA 3]? Please provide insights into projected returns and risk factors. Information for the model: [INFORMATION]

Prompt #5

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We need a cost volume profit analysis for our [PRODUCT OR SERVICE NAME]. Can you help us calculate the break-even point, margin of safety, and profitability? Please consider [CRITERIA 1, e.g., FIXED COSTS, VARIABLE COSTS, PRICE POINTS], [CRITERIA 2], and [CRITERIA 3].

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Tips

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Update the model with new data: If you are asking about a specific company or industry, make sure to provide the model with the most up-to-date information available. This will help ensure that the results are as accurate as possible.
Compare with yourself:** Compare your own company with your competitors and try to identify the areas where you are lacking or where your competitors are doing better. This will help you develop a plan to improve your own business.-Use external data sources, such as industry reports, market research and competitor websites, to get a complete picture of the competitive landscape.-Be clear about specific areas you want to compare, such as pricing, marketing, customer service or product features.