Wikipedia considers a financial model to be a mathematical model that represents the performance of a financial asset, project, or other investments in abstract form.
Corporate Finance Institute believes that a financial model facilitates the forecasting of future financial performance, by utilizing certain variables to estimate the outcome of specific financial decisions.
Business Dictionary agrees with the notion of a mathematical model in that it comprises sets of equations. The model analyzes how an entity will react to different economic situations with a focus on the outcome of financial decisions. It goes on to list some of the statements and schedules you would expect to find in a financial model. Additionally, the publication considers that a model could estimate the financial impact of a company's policies and restrictions put in...
