K2's Budgeting and Forecasting Tools and Techniques
Course Information
8
CPE Credits
8-Hour Course
Accounting (4 Credits)
Computer Software and Applications (4 Credits)
Fundamental Knowledge of Excel 2013 and Newer
Prerequisites
Intermediate
Program Level
No
Preparation
Course Information
8
CPE Credits
8-Hour Course
Accounting (4 Credits)
Computer Software and Applications (4 Credits)
Fundamental Knowledge of Excel 2013 and Newer
Prerequisites
Intermediate
Program Level
No
Preparation
Major Topics
Small businesses have unique and specific technology needs, including those around remote access. Whether team members need remote access to desktops, data, voice services, instant messaging, or Cloud-based services, sometimes the list of available options can be overwhelming!
In this course, you will learn about practical solutions for facilitating remote access in small businesses. Among other items, included in this program is a detailed review of various solutions to provide remote access to a desktop, how to work securely from remote locations, key considerations when selecting Cloud-based solutions, and how to facilitate communication and collaboration in remote environments.
Course Description
Are your budgeting and forecasting processes working as well for you as they should? Probably not, because many organizations report that these activities consume tremendous amounts of time and yield only marginal benefits. In this course, you will learn how to achieve a greater return on your budgeting and forecasting investment by taking advantage of various tools and techniques available in today’s market.
In addition to learning how to utilize Excel more effectively, you will also learn about other tools, such as Budget Maestro, PROPHIX, and Host Analytics can improve budgeting results.
Additionally, you will learn how to reduce your dependency on Excel to obtain better results in less time.
Importantly, you will also learn how to account for risk and uncertainty in your models and why doing so is a best practice. If you are involved in budgeting and forecasting activities, you will not want to miss this opportunity to identify how to reduce the amount of time you spend on these tasks, while simultaneously increasing their value.
Learning Objectives
Upon completing this course, you should be able to:
- Identify and implement best techniques to secure sensitive information in Excel workbooks and also to collaborate with others
- Apply specific Excel techniques for interacting with the accounting system, when linking data into budgeting and forecasting models
- Identify situations when you should use various Excel techniques such as Data Tables, Goal Seek, Solver, Scenario Manager, Regression Analysis, and Monte Carlo simulations
- Implement various Excel functions – including NPV, IRR, XNPV, and XIRR – in capital budgeting situations, and identify the various methods by which Excel computes depreciation
- Compare and contrast Excel with other budgeting and forecasting applications and describe situations where using other solutions is preferable
Who is the course for?
Business professionals involved in budgeting and forecasting activities.
Instructional Delivery Method
Group-live demo and discussion using color computer projection – laptop friendly, with access to demonstration files.
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