Financial Modelling for Budgeting and Forecasting in Excel

Overview

In any organisation, the budget is a central aspect of the planning and control systems utilised by the organisation. Regardless of the organisation’s size or complexity, or the product, the market or the service provided by the enterprise, a budget will always feature as a key aspect of financial planning.

Financial Modeling for Budgeting and Forecasting in Excel is a specialized course designed to equip professionals with the essential skills and techniques to create effective financial models for budgeting and forecasting purposes using Microsoft Excel.

Throughout the course, participants will delve into key topics related to financial modelling, including budgeting principles, forecasting methodologies, and Excel functions and formulas. Emphasis is placed on understanding the importance of financial modelling in budgeting and forecasting processes, as well as mastering Excel tools to streamline and automate these tasks. Participants will learn how to create dynamic budget and forecast models in Excel, incorporating historical data, assumptions, and variables to project future financial performance accurately. The course covers techniques for building flexible and scalable models that can accommodate changes in assumptions and scenarios, enabling participants to perform sensitivity analysis and scenario planning effectively.

This Excel hands-on course is dedicated to solving the problems managers face when preparing budgets and forecasts. In this course you will learn to build a financial model by working in Excel and how to perform sensitivity analysis in Excel. You will also learn the formulas, functions and types of financial analysis to be an Excel power user.

Objective

• Apply a structured approach to financial modeling using Excel.
• Identify the key characteristics of robust and effective financial models.
• Understand the importance of planning and prepare a well-organized model structure.
• Build financial models from operating revenues down to operating profit.
• Forecast property, plant, equipment, and other operating assets.
• Project the various components of working capital.
• Forecast debt financing and related interest expenses.
• Forecast equity financing and dividends.
• Manage circular references using an iterative analytical approach.
• Implement rigorous error-checking procedures to ensure model accuracy.
• Derive a forecasted cash flow statement based on the projected income statement and balance sheet.
• Perform integration of financial models for comprehensive analysis and reporting.