Stage 10 (2021) “Widget Budget”


This case study was created to give you a flavor of budget planning. Although, real-life budgets are much more complicated. This case will specifically test your understanding of revenue and expense forecasting due to volume growth and inflation.

This is an actual case from the Financial Modeling World Cup 2021, Stage 10 (October 15-18) competition. The downloadable file consists of the following:
Task: PDF file with Case Materials; PDF file with Questions; Excel file with Case Assumptions and Data
Solution: Excel file with full Solution Model; PDF file with correct Answers in Bold

This model awarded 350 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