Rolling Forecasts with Excel

Summary

The aim of this course is to produce a rolling forecast in Excel (18 months). This entails heavy automation to facilitate the re-use of the model to create updated forecasts on an ongoing basis. This automation involves rolling out into the future and recognising opening historical position and financial years.

Venue details:  
Virtual Classroom, , Online
Start date & time:  
09 December 2020 09:30
End date & time:  
09 December 2020 16:30
Price:  
By registering for this course you have accepted the terms and conditions
Training ticket cost:  
12.00 Training Tickets accepted
CPD hours:  
8.00
Speaker details
First nameLast name
Professional Training

Description

Product type:  
CPD course
Category:  
Technology and data

Format

This course will be delivered via Zoom.

Who should attend

Accountants, or other business professionals, who have attended or have equivalent knowledge of the Institute's CPD Intermediate and/or Advanced Excel courses. The course is not suitable for inexperienced Excel users.

Course overview

  • Design of fully integrated model (self balancing etc.)
  • High level of automation of model: based on a case study approach
  • Macro usage for basic assumption setting (e.g. dates covered), automation and report generation
  • Hierarchical bottom up reporting structure from monthly detailed to quarterly top level reporting
  • Reconciliation between the rolling aspect of the model with the requirement to recognize the financial year
  • Loading historical data (opening trial balance) automatically and accurately
  • Model accuracy verification technique
  • Formulas to distinguish history from forecast
  • Graphical outputs and key reports including use of conditional formatting and other techniques in KPI's etc
  • Sensitivity Analysis within the model as an inherent part of same

Key learning outcomes

By the end of this course, participants will be able to:

  • Use some, or all, of the techniques and concepts presented for forecast generation within the participant's own organization.
  • Gain the corresponding Excel tools for short-term tactical cash flow forecasting purposes

All participants should please note the following

  • Test session. We run a test session prior to the training so that any technical or other issues can be identified and resolved in advance. It is strongly recommended that all participants attend the test session. Generally the test session will be at 16.30 on the day prior to the course and will take about 10 minutes. Login details will be sent prior to this.
  • Two monitors. Having two monitors is very strongly recommended for this training. It allows you to view the trainers PC in one monitor and the application that is the subject of the training in the other. On a single screen it can be difficult to arrange the trainers screen and your own application comfortably. If you only have a single screen please inform the trainer - ideally before the test session - and they can help you to get the best from the training session.
  • Microsoft Office version. We use Microsoft Office 365 Professional. If you are using an older version please be aware that you might not be able to do some of the exercises that are using the latest features.
  • Windows 10. We prepare the files and deliver the course using Windows 10. If you are using a MacBook or other platform please be aware that there can sometimes be incompatibilities and there are certain features that are not available on the Macintosh edition of Microsoft Office 365 Professional. These issues can be identified and resolved during the test session.

Speaker bio

Professional Training is a group of experienced specialists providing focused training in IT and Management skills. Our trainers use a combination of tailored, flexible approaches and real-life business knowledge to develop and provide techniques and solutions for immediate implementation by our course participants. We have delivered a range of CPD programmes with Chartered Accountants Ireland since 1997. Website: www.professional.ie