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:  
18 June 2020 09:30
End date & time:  
19 June 2020 13:00
Price:  
By registering for this course you have accepted the terms and conditions
Training ticket cost:  
12.00
CPD hours:  
7.00
Speaker details
First nameLast name
Professional Training

Description

Product type:  
CPD course
Category:  
Technology and data

Format

This course will be delivered over two half days via Zoom. Thursday 18 & Friday 19 June 2020, 9:30am - 1:00pm .

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

What do you need to access this course

  • To get the most from your course, it is strongly recommended that participants have two monitors. This allows the Zoom window to be in one monitor and the application that is the subject of the training in the other
  • It is possible to attend the training with a single monitor and there are some specific techniques that we can demonstrate to make the most of the available screen real estate. Please make sure you inform the trainer at info@professional.ie and ensure to attend the test session before your course if you have a single monitor
  • It is strongly advised that all participants attend the test session prior to the training - this will allow you to verify that your computer and internet connection will work properly and iron out any technical issues in advance
  • The course will be delivered using Microsoft Office 365 Professional. If you are using this software, please ensure it is installed and that you are logged in properly - some features are disabled until you log in. Please inform the trainer or email us if you are using an older version of Microsoft Office and be aware that some of the features covered in the training may not be available
  • We prepare our files on Windows 10 - if you would like to us an Apple MacBook please ensure that Office is installed and verify that the course files open properly prior to the training

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