Modeling question - Projections for statements?

When somebody says 'do you know how to model?' what specifically are they expecting you to know? Is it just how to come up with projections for IS/BS/CF? Or is it how to do this via working cap, deprec. schedule, other balance sheet, SE etc

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Ask for a clarification. If its for SA or Analyst FT I would assume they mean walk me through the valuation techniques. Tell them where and how you find the numbers necessary. ect.

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