Financial model of an investment project: possibilities and limitations for standardization

Approaches to standardization of financial models are not widely discussed in academic and methodological papers, but are extremely relevant from a practical point of view and need theoretical reflection. Financial models may differ in various aspects e.g. purpose of use, content, complexity of architecture and calculations, and many other factors. Since every day a significant number of economic agents face the need to construct or use financial models, optimizing the process of preparing a financial model and development ofpossible standardized or standard financial models or universal templates become important issues. At the same time, standard financial models have several limitations, and in some cases construction of a universal financial model appears to be ineffective or unrealistic. The article is devoted to the discussion of the optimal level of standardization and consideration of disadvantages of excessive standardization in the process of financial model preparation and review.