INTRODUCTIONThe financial model is defined as the model that captures future operating, investing and financing activities that determine future profitability, financial position and business risk (MacMorran, 2009). . It is a decision-making tool for investment, forecasting and valuation of a project or business. It is an important element in investment decisions that helps regulate financial activities. According to Janiszewski S. (2011), the importance of financial modeling is to reflect/represent the expected financial performance of a company. Financial models are generally used primarily to establish financial projections for a company based on the discounted cash flow (DCF) approach and valuation-free financial projections. These are used for management information or accounting purposes. Financial modeling is applied practically in corporate finance, investment banking, equity research, and the accounting profession. A financial model can be used in business valuation, project financing, mergers and acquisitions, risk modeling, leveraged buyout analysis, management decision-making process, budgeting investments, forecasting, stock research and valuation, options pricing and financial statement analysis. Financial planning model tends to rely on accounting and non-financial relationships. The three basic elements usually evaluated are the size of the cash flow, risk and timing. It does not produce significant clues on the strategies to implement to increase the time value of money, but rather on the association of the debt ratio and the growth of the company (David Hillier, 2011) . The financial model is used in this report to evaluate the viability of the computer printer project based on forecasts...... middle of paper ......yson, JR, 2010. Accounting for Non-Students accountants. 8th ed. sl:Pearson Education Limited. Horcher, KA, 2005. Essential Elements of Financial Risk Management. Canada: John Wiley & Sons, Inc.. Lumby, S. & Jones, C., 1999. Fundamentals of Investment Valuation. 6th ed. London: Thomson Learning. Lumby, S. & Jones, C., 2001. Evaluating the Fundamentals of Investing. 1st ed. London: Thomson Learning. MacMorran, J., 2009. Postlethwaite & Netterville. [Online] Available at: http://www.pncpa.com/admin/files/resources/Financial_Modeling_and_Forecasting.pdf [Accessed April 21, 2014]. McLaney, E., 2003. Business Finance: Theory and Practice. 6th ed. Harlow England: Pearson Education Limited. Richard Pike, BN, 2003. Corporate financing and investment: decisions and strategies. 4th ed. England: Pearsons Education. Ryan, B., 2007. Corporate Finance and Valuation. sl:Thomson Learning.