/  Spreadsheet Skills for Planning, Forecasting and Budgeting
Pay Attention Please ! The course location "Radisson Blu Hotel" is subject to availability . We may change the course location if there is no availability and we will let you know about the location changing directly if it changes. The exact course time will be clear before one week prior to course start date.
BMC Training provides on 6 Jan 2019 Spreadsheet Skills for Planning, Forecasting and Budgeting course [Finance , Accounting and Budgeting] in Bali,Indonesia

Intorduction

This hands-on, practical course will demonstrate how you can develop spreadsheet models to create a forecast, which can then be utilised to generate business plans and operating budgets with the use Excel® as it is used in practice. The applications will be focused on three crucial aspects of business and financial management - strategic planning, intelligent forecasting and realistic budgeting. Delegates will learn how accessible the power of Excel® is to provide realistic forecasts and prepare flexible budgets. The impact on efficiency in planning and control and therefore return on investment for companies and/or divisions will be startling.

This course will feature:

  • Mastery of the power of Excel®
  • What functions to use from the Excel toolkit
  • Principles of strategic planning and budgeting
  • Mathematical forecasting models will be demystified
  • Building financial models enabling "what if" analysis

Objectives

  • Navigate through the features and functions of Excel®
  • Distinguish between data and output in spreadsheet architecture
  • Analyze financial statements in order to plan ahead
  • Build effective financial planning models
  • Use forecasting techniques for budget preparation

Content

Day One

Introduction to Spreadsheets using Excel®

  • The power of Excel® for building financial models
  • The Ribbons of Excel with their commands and functions
  • Using formulae: Copying, anchoring and special pasting
  • Using functions: financial, statistical and mathematical
  • Review of the financial objectives of business: ROI, ROA, ROE
  • Overview of Financial Statements

Case Study: Building a Quick Access Toolbar in Excel® and applying it to the analysis of financial statements of a division.

Day Two

Proper Planning

  • Classical strategic planning models
  • Cost-Volume-Profit Analysis and Break-Even as a planning example
  • Economic Order Quantity as a planning example
  • What-if analysis to build scenario's and test sensitivity
  • Maximizing and optimizing techniques
  • Linear programming and Solver as optimising tools

Case Study: Preparing a planning model and subjecting it to a range of sensitivity analysis in a manufacturing environment.

Day Three

Fantastic Forecasting

  • Forecasting in perspective - the Past vs. the Future
  • Necessity to apply a range of different forecasting methods:
  • Qualitative Models used in forecasting
  • Quantitative Models focussing on time series and regressions methodology
  • Forecasting growth rates
  • Recording, applying and modifying forecast assumptions

Case Study: Applying the forecasting functions in Excel® to past data and building a model offering various scenario's

Day Four

Beyond Budgeting

  • The budget process: Timing and Cycles
  • Setting budgeting objectives and tolerance levels
  • Budgeting Techniques
  • "Beyond Budgeting" compared to traditional budgeting principles
  • Operating and Capital budgets
  • Monthly reporting procedures and timely action

Case Study: Building budget based on assumptions - Operating Budget, Cash Budget & Capital Budget

Day Five

Putting it together – building the comprehensive model

  • Considering the financing mix in strategy
  • Considering the Return to Shareholder as the primary indicator
  • Build your planning model
  • Build your forecasting model
  • Build your budgeting model
  • Link these together in review

Case Study: Building an integrated planning, forecasting & budgeting model




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Course Details
  • Code FBA104
  • TIME    08:00 AM - 11:15 AM
  • DATE    Jan 6 2019 - Jan 10 2019
  • Bali , Radisson Blu Hotel
  • +44 2087206971
  • Support@bmc.net

Fees Per Person

5400 GBP + VAT
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