Conference on Spreadsheet Skills for Planning With Forecasting and Budgeting

Overview:

Introduction:

This conference is designed to provide participants with advanced spreadsheet skills for effective planning, forecasting, and budgeting. Participants will learn how to leverage spreadsheet tools to create accurate financial forecasts, manage budgets, and optimize business planning processes. It empowers them to utilize spreadsheets as a powerful tool for decision-making and financial management.

Conference Objectives:

By the end of this conference, participants will be able to:

• Master key spreadsheet functions for financial planning and analysis.

• Build comprehensive financial models to support planning and forecasting.

• Apply forecasting techniques to predict financial outcomes.

• Develop and manage budgets using advanced spreadsheet techniques.

• Automate financial reporting and improve data accuracy through spreadsheets.

Targeted Audience:

• Financial Analysts.

• Business Planners.

• Budget Officers.

• Accountants.

• Project Managers.

Conference Outline:

Unit 1:

Essential Spreadsheet Functions for Financial Planning:

• Overview of critical functions like SUM, AVERAGE, IF, and VLOOKUP.

• Organizing financial data efficiently for planning purposes.

• Using pivot tables to analyze and summarize large datasets.

• Applying conditional formatting for better financial insights.

• Creating reusable spreadsheet templates for planning tasks.

Unit 2:

Building Financial Models for Forecasting:

• Structuring financial models to support business planning.

• Using cell referencing and linking across multiple sheets.

• Techniques for modeling sales, expenses, and cash flows.

• Performing scenario analysis to test different business assumptions.

• Troubleshooting and auditing financial models for accuracy.

Unit 3:

Forecasting Techniques with Spreadsheets:

• Utilizing historical data to create accurate forecasts.

• Applying functions such as FORECAST, TREND, and GROWTH.

• Developing rolling forecasts to adapt to changing business conditions.

• Creating dynamic forecasting models for various timeframes.

• Visualizing forecasts with charts and graphs for better presentation.

Unit 4:

Budgeting and Variance Analysis:

• Steps for creating and maintaining detailed budgets in spreadsheets.

• Using spreadsheets to compare actuals versus budgeted figures.

• Conducting variance analysis to understand financial performance.

• Tracking and adjusting budgets in response to business changes.

• Reporting on budget performance through automated dashboards.

Unit 5:

Automating Spreadsheet Tasks and Reporting:

• Using macros to automate repetitive tasks and streamline processes.

• Data validation techniques to ensure accuracy in financial entries.

• Advanced charting techniques for professional financial reports.

• Consolidating data from various sources for comprehensive reporting.

• Sharing and collaborating on budget and forecasting spreadsheets.