Financial Modelling For Forecasting, Budgeting & Financial Statements In Excel
A “Financial Modelling for Forecasting, Budgeting & Financial Statements in Excel” course focuses on equipping you with the practical skills to build robust and dynamic financial models using Microsoft Excel. It goes beyond basic spreadsheet use, teaching you how to create sophisticated models for forecasting future performance, developing budgets, and generating key financial statements (income statement, balance sheet, cash flow statement). This type of course is highly practical and geared towards those who need to analyze financial data, make informed business decisions, and contribute to financial planning.
Financial Modelling
Overview
This 2-day course is designed for information workers who are using or will use Office 365. This course will provide students with the knowledge and skills to efficiently use Office 365 on a day-to-day basis. The course is designed with real world scenarios in mind. Students will learn how to use Outlook Online, SharePoint Online, and OneNote Class Notebook. The course is also intended for decision makers who are trying to understand the features and benefits of Office 365 and how it can increase employee productivity.
Course Objective
The course learning outcomes are statistics, Excel, and finance.
- Breakdown of learning outcomes:
- Important Excel functions.
- Time series models, regression, confidence intervals.
- Forecasting and budgeting.
- 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 budget versions.
- Build your own dynamic scenarios with form controls.
Who Should Attend
This is a 2-day hands-on workshop in forecasting and budgeting delivered in Microsoft Excel. Participants learn how to create forecasting and budgeting financial models using Excel.
Being an Excel-intensive class, participants are expected to possess a mid-level working knowledge of MS-Excel. The session teaches participants the Excel and statistics know-how in building a robust budgeting and forecasting financial model.
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 2016 (or higher) with Power Query are required. This program is conducted with practical exercises and case studies.
Prerequisites
Being an Excel-intensive class, participants are expected to possess a mid-level working knowledge of MS-Excel. The session teaches participants the Excel and statistics know-how in building a robust budgeting and forecasting financial model.
Training Calendar
Intake
Duration
Program Fees
Module
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 and 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
- FORECAST, CORREL
- Tracking forecasting accuracy as a KPI
- Using Excel’s Data Analysis tools- Exponential Smoothing, Moving Average and Regression Analysis
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)
FAQs
General Questions:
-
Q: What is Financial Modelling?
-
A: Financial modelling is the process of creating a representation of a company’s financial performance, often used for forecasting future performance, analyzing different scenarios, and making informed business decisions.
-
-
Q: What is this course about?
-
A: This course teaches you how to build financial models in Excel for forecasting, budgeting, and creating financial statements (income statement, balance sheet, cash flow statement).
-
-
Q: Who is this course for?
-
A: This course is designed for finance professionals, analysts, accountants, business students, and anyone who needs to build and use financial models.
-
-
Q: What are the prerequisites for this course?
-
A: A good understanding of basic Excel functionality (formulas, functions, charts) is essential. Some familiarity with basic accounting principles is helpful but not always required. Check the course details.
-
-
Q: What software do I need?
-
A: You will need Microsoft Excel. The specific version might be specified by the training provider.
-
-
Q: How is the course structured?
-
A: The course structure varies. It might consist of in-person workshops, live online sessions, self-paced online modules, or a combination. Check the course details.
-
-
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 topics are covered?
-
A: Typical topics include financial modeling fundamentals, advanced Excel skills for financial modeling, forecasting techniques (time series, regression, driver-based), budgeting, financial statement creation (income statement, balance sheet, cash flow), sensitivity analysis, scenario planning, and potentially valuation techniques. Check the syllabus for a detailed list.
-
-
Q: What Excel skills will I learn?
-
A: You’ll learn advanced formulas and functions (e.g.,
XLOOKUP,INDEX,MATCH, financial functions), data tables, scenario manager, charting, named ranges, error handling, and potentially basic macros.
-
-
Q: Will I learn how to build a full financial model from scratch?
-
A: A good course will guide you through the process of building financial models from scratch, including all the key components.
-
-
Q: Will I learn about valuation techniques?
-
A: Some courses might introduce basic valuation techniques like discounted cash flow analysis, but this is not always included. Check the course description.
-
-
Q: Will I work on real-world case studies?
-
A: A good course will include practical exercises and real-world case studies to reinforce learning and make the skills applicable.
-
Submit your interest today !
