Budget Spreadsheet and Financial Statement - Excel Training For Financial and Accounting Professional

Session 1: Tuesday, February 16, 2021: 01:00 PM to 02:30 PM: 90 Minutes

Session 2: Tuesday, February 16, 2021: 03:00 PM to 04:30 PM: 90 Minutes

Part 1 Overview - Budget spreadsheet

In this presentation, Excel expert David Ringstrom, CPA, demonstrates how to create an effective and resilient budget spreadsheet as well as how to future-proof them once they're built. David shares several design techniques, including separating inputs from calculations, building out separate calculations spreadsheets, and developing both operating and cash flow budgets. Cash flow budgets are beneficial in that they calculate when to borrow against a line of credit, when to pay down the line of credit, and when cash is available to pay dividends.

Learning Objectives - Budget spreadsheet:-

• Learn to create both operating and cash flow budgets
• Learn how to Streamline formula writing
• Transform filtering tasks using the Table feature
• Understand the benefits associated with a variety of Excel functions
• Apply and isolate all user entries to an inputs worksheet
• Protect all calculations and budget schedules on worksheets
• Use range names and the Table feature to create resilient and easy-to-maintain spreadsheets
• Calculate borrowings from, and repayments toward, a working capital line of credit

Areas Covered in the Session (Budget spreadsheet):-

• Avoiding the complexity of nested IF statements with Excel's CHOOSE function
• Streamlining formula writing by using the Use in Formula command
• Improving the integrity of spreadsheets with Excel's VLOOKUP function
• Comparing IFNA, IFERROR, and ISERROR functions and learning which versions of Excel support these worksheet functions
• Going beyond simple rounding with the ROUNDUP and ROUNDDOWN worksheet functions
• Learning a simple design technique that greatly improves the integrity of Excel's SUM function
• Using the SUMIF function to summarize data based on a single criterion
• Learning how range names can minimize errors, save time in Excel, serve as navigation aids, and store information in hidden locations
• Learning how the Table feature allows you to transform filtering tasks
• Preserving key formulas using Excel's hide and protect features

Part 2 Overview - Automating an Excel-based Financial Statements

In this session, Excel expert David Ringstrom, CPA, shows you step-by-step how to create dynamic accounting reports for any month of the year on just one worksheet. While Excel users often build worksheets for each month of the year, such worksheets can be cumbersome to revise. As an alternative, David explains how to use Excel functions, including VLOOKUP, OFFSET, and SUM, to quickly create accounting reports that allow you to switch to any reporting period with only two mouse clicks. He also outlines how to export data from your accounting package, improve the integrity of your spreadsheets, incorporate Check Figures and Alarms into your work, and more.

David demonstrates every technique at least twice: first, on a PowerPoint slide with numbered steps, and second, in Excel 2016. He draws your attention to any differences in Excel 2013, 2010, or 2007 during the presentation as well as in his detailed handouts. David also provides an Excel workbook that includes most of the examples he uses during the webcast.

Topics/Areas Covered:-

• Improving the integrity of spreadsheets with Excel’s VLOOKUP function.
• Seeing how to use the Trusted Document feature in Excel 2010 and later to suppress the Data Connection security prompt.
• Discovering how to incorporate Check Figures and Alarms into your work.
• Using Conditional Formatting to draw attention to reports that don’t balance with the source data.
• Learning why, in many cases, you should export reports intended for spreadsheet analysis to an a. CSV file instead of an Excel workbook.
• Creating an in-cell list by way of Excel’s Data Validation feature.
• Learning a simple design technique that greatly improves the integrity of Excel’s SUM function.
• Learning why, in many cases, you should export reports intended for spreadsheet analysis to an a. CSV file instead of an Excel workbook.

Level:-

Intermediate

Learning Objectives / Why You Should Attend:-

• Define how to create accounting reports for any month of the year on a single worksheet.
• Apply Conditional Formatting to draw attention to reports that don’t balance with the source data.
• State how to export data from an accounting package to create a “set-and-forget” link to accounting data in Excel.

Who Will Benefit?

• Accountants and CPAs
• CFOs
• Financial consultants
• Controllers
• Accounting Personnel
• Human Resources Personnel