Self-Study Course Details
Course Description
Learn to model profitability and make forecasts in Excel, empowering you to make data-driven decisions for your business. This course delves into key Excel functionalities that give you the tools to analyze past data, build robust financial models, and project future profitability outcomes.
- Workbook Design Fundamentals: Lay the foundation for effective model building by understanding key principles of worksheet model design to reduce errors.
- Data Tables: Explore the power of data tables for sensitivity analysis. Master the creation of both one-way and two-way data tables, and learn to identify breakeven points and lines.
- Goal Seek and Solver: Discover the efficiency of Goal Seek and Solver for optimizing your profitability scenarios. Learn how to find breakeven sales volumes, maximize profit by adjusting production levels, and make informed choices between investment options.
- Scenario Manager: Enhance your modeling by utilizing Scenario Manager, enabling you to create and compare different scenarios with varying assumptions. Explore the utility of the Scenario Summary Report to analyze the impact of these scenarios on your financial outcomes.
- Statistical Analysis: Explore how Excel’s statistical functions can help you understand your data better. Learn about correlation analysis, normal distribution, and percentile calculations to gain deeper insights from your data.
- Analysis ToolPak: Enhance your analytical capabilities with the Analysis ToolPak. Discover its features for descriptive statistics, regression analysis, and smoothing techniques like moving averages and exponential smoothing.
- Forecast Sheet: Unlock the power of Excel's Forecast Sheet functionality to make predictions based on historical data. Learn how to create forecasts with confidence intervals.
This course focuses on ways Excel facilitates profitability analysis and forecasting. You can explore profitability and forecasting concepts in more detail in my other courses.
Learning Objectives
- Recall Excel functions for performing profitability analysis.
- Recognize functionality in Excel that can be used for profitability analysis.
- Identify ways to make forecasts in Excel.
Prerequisites
- None
Advanced Preparation
None
Author Details
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Robert Stephens
Rob Stephens is the Founder of CFO Perspective, which provides continuing education courses for CPAs and financial management courses for business advisors and staff. He has been quoted in Forbes, U.S. News and World Report, Business Insider, Business News Daily, and many other news sources. Rob has a 25-year career that includes serving as CFO for two banks and a health clinic system. He was also Director of Operations at a $4 Billion bank and SVP of Finance of a $2 Billion credit union. Rob is an adjunct instructor for the MBA program at Gonzaga University.
Rob holds a Masters of Science in Personal Financial Planning and a Graduate Certificate in Financial Therapy from Kansas State University. He received a B.A. in Business Administration from the University of Washington and is a CPA.
NASBA Sponsor
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Encoursa is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBAregistry.org.
$32.00
CPE
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Webinars: CPE certificates will be accessible through your dashboard 1 hour after a webinar concludes.
Self-Study: CPE certificates will be accessible through your dashboard immediately after passing the qualified assessment.
For specific instructions on accessing your CPE, please see our FAQ section on our support page.
- Multiple Attendees on Webinars: Each attendee should register separately for the webinar. If more than 1 attendee participated from the same device, please contact us after the event to let us know. For group signups for paid events, please contact us.
Purchase options
Self-Study Course
Modeling Profitability and Making Forecasts in Excel
- by Robert Stephens
- Credits: 2.00
$32.00
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