Can't make it to a workshop? Enrol in the online version of the Financial Modelling course, and start straight away! Complete the course at your own pace.
This course is part of the Financial Modelling Online Series:
Buy all three courses at once and save, PLUS you'll get a hard copy of Using Excel for Business Analysis included as well as Financial Modeling in Excel for Dummies! Or, get the online Intro course included if you sign up for the Financial Modelling Workshop bundle.
In the ever-changing business environment, being able to accurately model and forecast the volatile economic inputs is a critical skill for business professionals. Build on your existing modelling skills and apply new techniques to better analyse financial data, predict revenues and cost and assess risks to justify business decisions in the most time-efficient and effective way.
The course material includes extensive use of Excel and participants will gain the maximum benefit from this course if they are already competent spreadsheet users. It is designed for those who have already undertaken the Introduction and/or Intermediate Financial Modelling in Excel courses or users who do use Excel on a regular basis, and are comfortable with using its tools and functions.
At minimum, it is assumed that participants will know how to:
• Navigate confidently in Excel
• Use absolute cell references (e.g. =$A$1)
• Create and use advanced Excel tools and functions on a regular basis
This course builds on students' advanced knowledge of Excel tools and functions and incorporates these into complex and dynamic financial models.
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Your Plum Solutions online training course includes access to the Financial Modelling Support Centre as part of your subscription.
• Choosing between Excel versions
• Overview of best practice financial modelling techniques
• Common Excel error values in financial modelling
• Correcting and suppressing errors
• Locating and fixing circular references
• Allowing iterative calculations when circular references are maintained
• Selecting the formula or tool which is most appropriate for each modelling situation
• Nesting formulas
• Useful functions in financial modelling such as COLUMN, CHOOSE, OFFSET, LOOKUP and TRANSPOSE
• Using LOOKUP functions in tiered pricing models (volume break discounting)
• Pros and cons of using array functions and their use in financial modelling
• Use of form controls such as spin buttons and combo boxes
• Rebuilding an inherited model
• How long should a formula be? Deciding when to break a complex formula in several steps to maintain transparency and allowing ease of model auditing
• Comparison of different methods of modelling escalation and growth calculations
• Presenting model output using a chart on two different axes and chart types
• Creating a Waterfall Chart in Excel
• Pivot tables – summarise, dissect and analyse large amounts of data
• Why pivot tables are not commonly uses in financial modelling, and other alternative tools
• Automate your financial model for the user with Macros. Recording and modifying VBA code and creating macro buttons
Learn different methods of what-if, scenario and sensitivity analysis in Excel using:
• Show multiple scenario outcomes simultaneously with one and two-dimensional Data Tables
• Learn how to automatically highlight selected scenarios using complex conditional formatting
• Using the Scenario Manager
• Manual scenario building
- In-cell drop-down boxes
- Combo-box drop down boxes
At each step during the course, participants build and practice each formula, tool and technique. Record your own macro with buttons, build a pivot table, and create drop-down boxes.
Building on the tools and techniques covered, we will learn to apply advanced modelling skills to build complex, yet robust and user-friendly financial models.
Factory Rollout Model
Working on a startup funding model from start to finish we will evaluate input assumptions, calculate revenue and costs of production to calculate cash requirements. From this, we build a full set of financial statement with particular emphasis on linking the profit & loss statement, cash flow statement and balance sheet together.
Utilising the tools and techniques covered in the first part of the course, participants will build their own financial model case study, performing stress testing, scenario and sensitivity analysis on their model.
Price: $220.00 ex GST
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