Overview
This 2-day training session is targeted audience whose work function involves crunching forecasts and budgets. Participants will learn qualitative & quantitative techniques, sensitivity analysis, file consolidation, dynamic version control, form controls and visualization. Quantitative methods include multiple regression analysis and exponential smoothing.
Being an Excel-intensive class, participants are expected to possess a mid-level working knowledge baseline of MS-Excel. The session deep-dives into certain useful Excel functions & tools and breaking them to show their application and null-application.
The class also welcomes persons who would like to understand the forecasting and forecasting process, understand quantitative and qualitative forecasting and acquire the know-how in building robust financial models.
Financial Models covered are the Budgeting Model, Forecasting Model and the 3-Statement Model. The use of MS-Excel is extensive and laptops affixed with Excel 2013 (or higher) with Power Query are required. This program is conducted with practical exercises and case studies.
Learning Outcomes
- Learn to apply statistical and judgmental forecasting techniques.
- Reduce turnaround-time in managing your forecast structure and worksheet process.
- Learn how to version-control multiple forecast worksets.
- Build your own dynamic scenarios with form controls.
Who Must Attend
Required software: Excel 2016 or above.
Required add-in to be set up in Excel: Power Query. Participants need to ensure Power Query is in operational condition before training commences.
Internet connection for participants required.
Course Details
2 Days ( 9.00 am – 5.00 pm)
MODULE 1: FINANCIAL MODELS
- Introduction & types of financial models
- Program scope
- Financial model structure
- Budgeting & forecasting
- The budgeting & forecasting process
MODULE 2 : BUILDING THE FINANCIAL MODEL
- Building revenue & expense drivers
- Revenue & cost projection
- Modelling the Income Statement & supporting cost centre sheets
- Building the headcount & payroll model
- Projecting the balance sheet
MODULE 3 : FORECASTING METHODS
- Qualitative & quantitative forecasting methods
- Naïve method: Simple Moving Average, Simple Weighted Moving Average, Exponential Smoothing, Correlation, Regression Analysis.
- Forecast Sheet function (applies to Excel 2016 & above)
- Multiple Regression Analysis, Coefficient Correlation, Coefficient of Determination
- CORREL, TREND and new iterations of the FORECAST functions
- Tracking forecasting accuracy as KPI
- Using Excel’s Data Analysis tools- Exponential Smoothing, Moving Average and Regression
MODULE 4 : PRICE SETTING FOR PRODUCTS & SERVICES
- Understanding price and demand curves
- Price elasticity of demand computation methods
- Decisions in price setting
MODULE 5 : CASHFLOW
- Working capital components, ratios & cash conversion cycle
- Cash flow projection using the direct method
-
Free Cash Flow (FCF)
MODULE 6 : FORM CONTROLS
- Essential Form Controls & overview
- Incorporating Form Controls into financial models & sensitivity analysis
MODULE 7 : EXTRACTING AND CONSOLIDATING HISTORICAL ACCOUNTING DATA
- Using Power Query to extract & consolidate historical data
- Building forecasting working templates from historical data
- Building sensitivity analysis into forecast templates
MODULE 8 : NPV & IRR
- Time value of money & discounted cashflows
- Compounding and Discounting- 'What’s the difference?'
- NPV vs IRR introduction
- Implications of NPV vs IRR in decision-making
MODULE 9 : IMPORTANT EXCEL KNOWLEDGE
- Essential Excel functions in financial modeling- VLOOKUP, SUMIF, SUMIFS, COUNTIF, COUNTIFS, IFERROR, INDEX, MATCH, INDIRECT
- Utilize macros to automate simple tasks
MODULE 10 : MANAGING MULTIPLE BUDGET VERSIONS
- Version controlling your budget forecast spreadsheets
-
Fitting in multiple budgets into your financial model
Methodology
MS-Excel intermediate-to-advance level knowledge required as a prerequisite. This program is conducted with practical exercises and interactive discussions.
Course Leader
VINCENT CHIN
Chartered Accountant, FCCA
Microsoft Certified Trainer
Certified Six Sigma Black Belt
HRD Corp Certified trainer
For training and advisory services, feel free to contact us at info@itrainingexpert.com or call us at +603 8082 3707 | +603 8074 9056 | +6012 6869 628 | +6018 2175 123
Testimonies
Investment
| Normal fee |
| Sign up 1 pax |
| Pay before course starts |
| MYR 2,990.00 per pax |
| USD 890.00 |
| Early Bird |
| Sign up 1 person |
| Pay 14 days before course starts |
| MYR 2,590.00 per pax |
| USD 760.00 |
| Group Fee |
| Sign up 3 pax or more |
| Pay 14 days before course starts |
| MYR 2,490.00 per pax |
| USD 730.00 |
