Top Banking Certification Courses


Spreadsheet Skills for Planning, Forecasting & Budgeting

Introduction:

Planning, forecasting, and budgeting are pivotal components in the business sector. Executed with finesse, they can lead to remarkable success. Despite their importance, many fail to maximize the full potential of the tools at their disposal. This spreadsheet skills for planning, forecasting, and budgeting course will harness the power of Excel to showcase how to amplify your forecasting, planning, and budgeting efforts.

By crafting refined spreadsheets and models, you'll achieve more accurate planning, precise forecasting, and realistic budgeting, all while reducing development time. Extensive what-if analysis can elevate forecasts, plans, and budgets, highlighting critical management factors. These tools seamlessly transfer into coherent business plans, steering the firm's direction.

Understanding the intricacies of budgeting and forecasting is crucial for strategic decision-making. Through our in-depth budgeting and forecasting training, participants will learn best practices and grasp the definitive definition of these terms. They will recognize the significance of a budget forecast spreadsheet and how advanced spreadsheet skills contribute to successful budgeting and forecasting strategies.

Budgeting and Forecasting with Advanced Spreadsheet Skills:

In this spreadsheet skills for planning, forecasting, and budgeting training, participants will explore using advanced Excel tools for effective budgeting and forecasting. From exploring the meaning of budgeting and forecasting to implementing a thorough spreadsheet budgeting program, learners are equipped with skills essential for any proficient financial analyst.

This spreadsheet skills for planning, forecasting, and budgeting course unveils spreadsheet training best practices and explores how to transform raw data into a potent forecast or meticulous planning spreadsheet, thus fostering a robust budgeting and forecasting ecosystem.

Targeted Groups:

  • Financial Accounting Team Members.
  • Cost and Management Accounting Staff.
  • Finance Managers.
  • Budget Managers.
  • Commercial Managers.
  • Capital Investment and Project Team Members.
  • Employees aspire to use advanced spreadsheet tools to sharpen their budgeting and forecasting acumen.

Course Objectives:

By spreadsheet skills for planning, forecasting, and budgeting course completion, participants will:

  • Understand the various Excel tools available for planning, forecasting, and budgeting.
  • Perform sophisticated "what-if" scenarios to improve decision-making.
  • Know what Excel techniques to use in a given situation.
  • Use the most advanced spreadsheet techniques.
  • Know when to take a chance and when not to.
  • Learn to use and expand a range of Excel models.
  • Develop an improved understanding of how well-prepared Excel models can help the corporation in today's challenging world.
  • Understand the risks & rewards of various planning decisions.
  • Calculate the impact of alternative inputs on critical outputs.
  • Understand the cost/benefit of every decision.
  • Enhance their knowledge with the use of the models in the case studies.

Targeted Competencies:

Upon spreadsheet skills for planning, forecasting, and budgeting course completion, participants competencies will:

  • Budgeting techniques.
  • Construct advanced models in Microsoft Excel.
  • Acute forecasting abilities.
  • Analyze and evaluate proposals.
  • Learn about proficient application of Microsoft Excel functions and tools.
  • Appraise budgeting processes.

Course Content:

Unit 1: Introduction to Spreadsheets using Excel:

  • Learn worksheet fundamentals and the essentials of spreadsheet skills.
  • Utilize the F4 key for Relative and Absolute cell references.
  • How do you expose all formulas using built-in functions?
  • Name cells & ranges for enhanced workflow.
  • Freeze panes, columns, and rows to facilitate viewing.
  • Cell and range protections for model stability.
  • Navigate function wizards for efficiency.
  • Link mechanisms across worksheets for error reduction.
  • Discover secret keyboard shortcuts for speed.

Unit 2: Proper Planning:

  • Know The foundation of budget planning and forecasting.
  • What-if analysis:
    • Scenario development techniques.
    • Understand sensitivity enactment using spinners and scroll bars.
  • Know Economic Order Quantity (EOQ) and its impact.
  • Explore Data tables for expansive options visibility.
  • Maximize vs. optimize strategic approaches.
  • Understand the Goal Seek command for reverse equation solutions.
  • A solver is used to determine the optimal product mix and projection quandaries.

Unit 3: Fantastic Forecasting:

  • What is forecasting?
  • Understand Qualitative techniques and their uses.
  • Explain Quantitative techniques and their uses.
  • Smoothing techniques.
  • Regression analysis.
  • Time series analysis.
  • Forecasting growth rates for verification.
  • Internal (IGR).
  • Sustainable (SGR).
  • MIN and MAX functions.
  • MEDIAN, MODE & AVERAGE functions.
  • GEOMEAN will calculate the average growth rate (AGR).
  • When to use RANK, QUARTILE & PERCENTILE?

Unit 4: Beyond Budgeting:

  • What is a budget?
  • How to build a simple budget?
  • Build a Flexible Budget Model.
  • Build out a complete budget.
  • Operate budget elements.
  • Financial budget elements.
  • Link them.
  • What is the Variance Analysis report, and why is it important to improve your budget?
  • Calculate variance analysis to see what must be changed.

Unit 5: Putting It Together – Building The Comprehensive Model:

  • Formulate your planning, forecasting, and budgeting models.
  • Understand the strategic linking of models for a unified approach.
  • Optimize through advanced capital structure understanding.
  • Know insights into bond buybacks and their fiscal impact.

Paris (France)
19 - 23 Aug 2024
4900 Euro
London (UK)
26 - 30 Aug 2024
5200 Euro
Cairo (Egypt)
01 - 05 Sep 2024
3000 Euro
Kuala Lumpur (Malaysia)
15 - 19 Sep 2024
3900 Euro
Munich (Germany)
16 - 20 Sep 2024
4900 Euro
Rome (Italy)
23 - 27 Sep 2024
4900 Euro
Istanbul (Turkey)
29 Sep - 03 Oct 2024
4200 Euro
Amsterdam (Netherlands)
07 - 11 Oct 2024
4900 Euro
Madrid (Spain)
14 - 18 Oct 2024
4900 Euro
Boston (USA)
28 Oct - 01 Nov 2024
5500 Euro
Dubai (UAE)
10 - 14 Nov 2024
3900 Euro
Barcelona (Spain)
18 - 22 Nov 2024
4900 Euro
London (UK)
25 - 29 Nov 2024
5200 Euro
Online
01 - 05 Dec 2024
1500 Euro
Amman (Jordan)
08 - 12 Dec 2024
2900 Euro
Amman (Jordan)
29 Dec 2024 - 02 Jan 2025
2900 Euro
Kuala Lumpur (Malaysia)
12 - 16 Jan 2025
3900 Euro
Amsterdam (Netherlands)
13 - 17 Jan 2025
4900 Euro
Barcelona (Spain)
13 - 17 Jan 2025
4900 Euro
Cairo (Egypt)
19 - 23 Jan 2025
3000 Euro
Brussels (Belgium)
27 - 31 Jan 2025
4500 Euro
Geneva (Switzerland)
17 - 21 Feb 2025
5500 Euro
Sharm El-Sheikh (Egypt)
23 - 27 Feb 2025
3500 Euro
Paris (France)
24 - 28 Feb 2025
4900 Euro
Casablanca (Morocco)
03 - 07 Mar 2025
3000 Euro
London (UK)
03 - 07 Mar 2025
5200 Euro
Milan (Italy)
24 - 20 Mar 2025
4900 Euro
Rome (Italy)
24 - 20 Mar 2025
4900 Euro
Vienna (Austria)
31 Mar - 20 Apr 2025
4900 Euro
Dubai (UAE)
06 - 20 Apr 2025
3900 Euro
Madrid (Spain)
14 - 20 Apr 2025
4900 Euro
Manama (Bahrain)
20 - 20 Apr 2025
3900 Euro
Istanbul (Turkey)
20 - 20 Apr 2025
4200 Euro
Online
27 Apr - 20 May 2025
1500 Euro
Cairo (Egypt)
04 - 20 May 2025
3000 Euro
Barcelona (Spain)
26 - 20 May 2025
4900 Euro
Dubai (UAE)
08 - 12 Jun 2025
3900 Euro
Vienna (Austria)
16 - 20 Jun 2025
4900 Euro
Istanbul (Turkey)
29 Jun - 03 Jul 2025
4200 Euro
Sharm El-Sheikh (Egypt)
13 - 17 Jul 2025
3500 Euro

Top Banking Certification Courses
Spreadsheet Skills for Planning, Forecasting & Budgeting (BA)

 

Mercury dynamic schedule is constantly reviewed and updated to ensure that every category is being addressed at least once a month, if not once every week. Please check the training courses listed below and if you do not find the subject you are interested in, email us or give us a call and we will do our best to assist.