Description
BUDGETING AND BUDGET ANALYSIS USING ADVANCED EXCEL.
COURSE OUTLINE:
1: Foundations of Budgeting and Performance Analysis
- Module 1: Introduction to Budgeting Concepts
- Types of budgets: operating, capital, flexible, zero-based.
- Overview of performance metrics in budgeting.
- Linking budgets to strategic objectives.
- Module 2: Introduction to Advanced Excel for Budgeting
- Key Excel features for budgeting:
- Customizing the Excel ribbon for budgeting tasks.
- Navigating Excel’s interface and shortcuts for efficiency.
- Formatting data for clarity (cell styles, number formats).
- Creating budget-ready workbooks.
- Key Excel features for budgeting:
2: Budget Preparation and Structuring
- Module 3: Developing Budget Templates
- Creating reusable templates with:
- Drop-down lists using data validation.
- Structured references for consistency.
- Named ranges for easier formula creation.
- Linking worksheets for multi-departmental budgets.
- Creating reusable templates with:
- Module 4: Forecasting Techniques in Budgeting
- Using historical data for trend analysis:
- Excel functions: TREND, FORECAST, LINEST.
- Sparklines for visualizing trends.
- Scenario planning:
- Goal Seek for single-variable adjustments.
- Data Tables for multi-variable simulations.
- Using historical data for trend analysis:
3: Budget Performance Monitoring and Analysis
- Module 5: Analyzing Budget Performance by Quarter
- Using Excel tools for quarterly analysis:
- Dynamic filtering with slicers in tables and pivot tables.
- Calculating performance metrics with formulas (e.g., AVERAGEIFS, COUNTIFS).
- Creating quarterly summary dashboards.
- Using Excel tools for quarterly analysis:
- Module 6: Budget Comparison and Variance Analysis
- Functions for comparisons:
- IFERROR for error-free variance calculations.
- Conditional formatting to highlight variances.
- Creating dynamic variance charts for insights.
- Functions for comparisons:
4: Advanced Excel Tools for Budgeting Efficiency
- Module 7: Advanced Functions and Formulas
- Implementing:
- SUMIFS and AVERAGEIFS for multi-criteria calculations.
- INDEX-MATCH for advanced lookups.
- OFFSET for dynamic ranges in analysis.
- ARRAY formulas for complex calculations.
- Implementing:
- Module 8: Data Visualization for Budget Analysis
- Visualization techniques:
- Building pivot tables for aggregated reporting.
- Designing interactive dashboards with slicers and timelines.
- Adding sparklines for inline trend visualization.
- Customizing graphs: clustered bar, waterfall, and combo charts.
- Visualization techniques:
5: Reporting, Automation, and Best Practices
- Module 9: Budget Reporting and Presentation
- Best practices for professional reports:
- Custom headers and footers.
- Page layout optimization for printing.
- Embedding live charts and visuals in reports.
- Generating PDF-ready budget summaries.
- Best practices for professional reports:
- Module 10: Automation and Integration in Budgeting
- Macros and VBA for repetitive budgeting tasks:
- Automating data consolidation.
- Creating custom reporting buttons.
- Integrating Excel with:
- Power Query for data import and cleaning.
- Power BI for enhanced visualization and sharing.
- Macros and VBA for repetitive budgeting tasks:
Description
Budgeting and Budget Analysis Using Advanced Excel.
Objectives:
By the end of this course, participants will be able to:
- Master Budget Development:
- Design and implement comprehensive budget templates that accommodate various business needs, including quarterly budgets and department-specific allocations.
- Analyze Budget Performance:
- Evaluate and monitor budget performance using advanced Excel tools such as Pivot Tables, formulas, and dynamic dashboards.
- Compare Budget Scenarios:
- Conduct detailed analyses of original versus final budgets, and identify variances with tailored Excel reports and visualizations.
- Perform Forecasting and Scenario Planning:
- Utilize Excel’s forecasting tools to predict financial trends and perform scenario analysis for informed decision-making.
- Enhance Data Visualization Skills:
- Create professional, easy-to-interpret charts and dashboards to communicate budget performance and insights effectively.
- Leverage Automation for Efficiency:
- Apply macros and basic VBA scripting to automate repetitive tasks and streamline the budgeting process.
- Integrate Excel with Advanced Tools:
- Use Power Query for data integration and Power BI for advanced visualization and reporting, bridging Excel with other analytical tools.
- Apply Advanced Excel Techniques:
- Utilize functions such as INDEX-MATCH, OFFSET, and ARRAY formulas to handle complex data analysis and budget computations.
- Prepare Professional Reports:
- Develop clear, concise, and professional budget reports, ready for presentation to stakeholders.
- Adopt Best Practices in Budgeting:
- Gain insights into best practices for budgeting, ensuring alignment with organizational goals and efficient resource allocation.
This course is designed to empower professionals with the technical and analytical skills needed to excel in budgeting, ensure effective budget performance, and make data-driven financial decisions.
General Notes
GENERAL NOTES
i. The clients have many options on where they would wish to have the training
ii. The client should communicate their preferred training venue at least seven days before the training date failure to which the training shall take place in Nairobi.
iii. This course is delivered by our seasoned trainers who have vast experience as expert professionals in the respective fields of practice. The course is taught through a mix of practical activities, theory, group works and case studies.
iii. Training manuals and additional reference materials are provided to the participants.
iv. Upon successful completion of this course, participants will be issued with a Chania finance consultancy certificate.
v. The onsite training fee covers tuition fees, training materials, tea at 10am, lunch, tea at 4pm, training venue and a certificate on completion. Accommodation and travel may be arranged for our participants upon request.
vi. The online training fee covers tuition fees, training materials, and a certificate on completion.
Available at the following Venues
- Nairobi
- Google Meet
Choose the date you would like to take the course
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