Finance Simplified
A “Finance Simplified” course aims to demystify the often complex world of finance, making it accessible and understandable for everyone, regardless of their background or prior financial knowledge. It focuses on breaking down complex financial concepts into simple, easy-to-grasp terms, empowering individuals to take control of their finances and make informed decisions. These courses typically cover a range of core personal finance topics, providing practical skills and knowledge that can be applied immediately.
Finance Simplified
Overview
Enhance your financial knowledge using Microsoft Excel.
Course Objective
Learn how you can:
- Be an Excel power-user with the aim of reducing non-value adding tasks.
- Create Scenario Analysis and Dashboards.
- Create drop-down boxed and scroll-bars for flash analysis.
- Understand and apply Forecasting concepts and being able to track forecasting errors.
- Apply certain new function appearing in Excel 2013 onwards.
Who Should Attend
Who will likely need to troubleshoot large, complex workbooks, automate repetitive tasks, engage in collaborative partnerships involving workbook data, construct complex Excel functions, and use those functions to perform rigorous analysis of extensive, complex dataset.
Prerequisites
Basic knowledge of Microsoft Excel is essential with the following pre-requisites. You should have attended Microsoft Excel Foundation & Intermediate Level or able to switch between task applications and perform SUMIF, COUNTIF and IF functions.
Training Calendar
Intake
Duration
Program Fees
Module
Module 1 - Finance Simplified Basics
Art of Financial Modelling
- The purpose of Finance Simplified
- Attributes of a good model
- Avoiding common errors
Module 2 - Excel Tools & Functions
Importing Data from Various Sources
- Importing text files
- Importing external worksheets
Importing data from the Internet
Using Subtotals & Outline
- Using Automatic Outlining
- Displaying And Collapsing Levels
- Creating Subtotals
- Grouping Data Manually vs using Auto Outline
Linking, Consolidating and Combining Workbooks
- Linking Workbooks
- Consolidating Workbooks
- Combining Worksheets
Exploring Scenarios
- What is a Scenario?
- How to use the Scenario Manager
- Creating A Multiple Scenarios
- Creating A Scenario Summary Report
What If Analysis
- Using Data Table
- Using Goal Seek
Lookup Functions
- Extracting data using VLOOKUP, HLOOKUP, INDEX (MATCH)
- Creating Hyperlinks
- Creating drop-down boxes using Data Validation list
Module 3 - Building Financial Report
Building Financial Statements
- Sales, Cost of Sales, Production Costs, Headcount, and other supporting worksheets
- Summary P&L, Balance Sheet and Cashflow
- Depreciation models
- Using functions such as – AVERAGEIF, COUNTIF, COUNTIFS, SUMIFS, NPV, PMT, and many more.
Module 4 - Building Dashboards
- Changing your forecast figures in seconds
- Useful dashboards and charts
Module 5 - Recording & Running Macros
Macros
- Recording Macros
- Playing Macro
- Macro Security
- Assigning a Keystroke to a Macro
- Creating an Object and assigning the macro to the Objects.
FAQs
General Questions:
Q: What is “Finance Simplified”?
A: This course teaches you fundamental personal finance concepts and how to apply them using Microsoft Excel. You’ll learn practical financial skills while leveraging Excel’s tools for budgeting, tracking, analysis, and planning.
Q: Who is this course for?
A: This course is designed for anyone who wants to improve their personal finance management and is comfortable with basic Excel use. It’s beneficial for beginners with little to no finance background, as well as those who want to organize and analyze their finances more effectively using Excel.
Q: What are the prerequisites for this course?
A: Basic familiarity with Microsoft Excel is assumed. You should be comfortable with navigating spreadsheets, entering data, and using simple formulas. No prior finance knowledge is required.
Q: What software do I need?
A: You’ll need Microsoft Excel installed on your computer. The specific version might be specified by the training provider.
Q: How is the course structured?
A: The course structure will vary. It might involve in-person workshops, live online sessions, self-paced online modules, or a combination. Check the course details for specifics.
Q: How long is the course?
A: The duration varies depending on the scope and format. It can range from a few days to several weeks. Check the course details.
Q: Will I receive a certificate upon completion?
- A: Yes.
Program Content & Skills:
Q: What specific finance topics are covered in the course?
A: Typical topics include budgeting, saving, debt management, investing basics, financial planning, understanding financial products, and potentially consumer rights. Check the syllabus for a detailed list.
Q: What Excel skills will I learn?
A: You’ll learn how to use Excel for various financial tasks, such as creating budgets, tracking expenses, calculating loan amortization, analyzing investment returns, creating financial forecasts, and visualizing financial data with charts and graphs.
Q: Will I learn about investing in detail?
A: The course will introduce the basics of investing, but it’s unlikely to make you an investment expert. It will provide a foundation for understanding different investment options and making informed decisions.
Q: Will I work on real-world financial scenarios using Excel
A: A good course will include practical exercises and real-world case studies to help you apply the concepts and Excel skills to your own financial situation.
Q: Will I learn how to use specific Excel financial functions?
A: Yes, you’ll likely learn how to use relevant Excel financial functions (e.g., PV, FV, PMT, IPMT, PPMT) for calculations like loan amortization, present value, and future value.
Technical & Practical Questions:
Q: What if I have trouble with the software or course materials?
A: PEOPLElogy provide support through instructors, online forums, or technical assistance. Check with your training provider for their support policy.
Q: What if I miss a class? (For in-person or live online courses)
A: The policy for missed classes varies. Some providers may offer recordings or make-up sessions. Check with your instructor or training provider.
Q: What kind of computer do I need?
A: You’ll need a computer that can run Microsoft Excel. Check the system requirements for your specific Excel version.
Q: How much practice time is required outside of class?
A: Practice is essential for mastering both finance concepts and Excel skills. Plan to dedicate some time outside of class to work on exercises and apply the concepts to your own finances.
Q: Will I be able to manage my personal finances better after this course?
A: Yes, the goal of this course is to empower you with the knowledge and tools (Excel skills) to manage your personal finances more effectively.
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