March 25, 2023


Webinar


8 Total CPE Credits

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K2’s Budgeting and Forecasting Tools and Techniques

  • Instructor

    Thomas Stephens

Learning Objectives

  • Utilize processes for obtaining budget data and collaborating with others when using Excel including Shared and Merged Workbooks, Excel’s Audit Trail, controlling and validating data input, and collaborating with others
  • Apply various Excel techniques for interacting with the accounting system, such as Office Data Connections, Open Database Connectivity, importing text files, and linking Internet-based data into budgeting and forecasting models
  • Identify situations in which various Excel techniques are appropriately implemented, such as using Data Tables for sensitivity analysis, working with Excel’s Goal Seek feature, using Solver to maximize scarce resources, working with Scenario Manager, forecasting with Regression Analysis, and analyzing risk with 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 applications used for budgeting and forecasting activities and describe situations in which other solutions should be used to reduce the dependency on Excel as a budgeting and forecasting solution

Major Topics

  • Computer Software & Applications
  • Accounting
  • Budgeting & Forecasting

CPE Credits Available

8
Total CPE
4
Accounting
4
Computer Software & Applications

Things to Know About This Course

Course Level

  • Intermediate

Prerequisites

Fundamental knowledge of Microsoft Office Excel 2013 or newer

Advanced Preparation

None

Intended Audience

Business professionals involved in budgeting and forecasting activities          

Provider

ACPEN

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