February 12, 2021 10:00am – 5:30pm Map & Directions

Webcast: K2's Budgeting and Forecasting Tools and Techniques | 4203603O

Description




Are your budgeting and forecasting processes working as well? Many organizations report that budgeting and forecasting activities consume tremendous amounts of time and yield only marginal benefits. Learn to achieve greater returns on your budgeting and forecasting activities by taking advantage of various tools and techniques available in today's market.
Utilize Excel more effectively for budgeting and forecasting activities, and explore other tools, such as Budget Maestro, PROPHIX and Host Analytics. See how reducing your dependency on Excel can lead to better results. Discover how to account for risk and uncertainty in your budgeting and forecasting models. Learn why doing so is a best practice for more meaningful budgets and forecasts.


Location

Registration Time

9:30am

Fees

Member:
$300
Non-CPA Staff:
$400
Non-CPA Staff (100% club):
$300
Non-CPA Staff (sole proprietor):
$300
Non-Member:
$400
Webcast
Accounting & Auditing
8

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.


Course Level

Intermediate

Vendor

CalCPA Education Foundation More With This Vendor

Designed For




Business professionals involved in budgeting and forecasting activities.

Prerequisites




Fundamental knowledge of Microsoft Office Excel 2007 or newer.

Highlights





Excel techniques for interacting with the accounting systems.
Data Tables.
NPV, IRR, XNPV, and XIRR.
Budgeting forecasting.


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