In this presentation, Excel expert David Ringstrom, CPA, demonstrates how to create effective and resilient budget spreadsheets as well as how to future-proof them once they're built. David shares several design techniques, including separating inputs from calculations, building out separate calculations spreadsheets, and developing both operating and cash flow budgets. Cash flow budgets are beneficial in that they calculate when to borrow against a line of credit, when to pay down the line of credit, and when cash is available to pay dividends.

Learning Objectives:-

• Learn to create both operating and cash flow budgets
• Learn how to Streamline formula writing
• Transform filtering tasks using the Table feature
• Understand the benefits associated with a variety of Excel functions
• Apply and isolate all user entries to an inputs worksheet
• Protect all calculations and budget schedules on worksheets
• Use range names and the Table feature to create resilient and easy-to-maintain spreadsheets
• Calculate borrowings from, and repayments toward, a working capital line of credit

Areas Covered in the Session:-

• Avoiding the complexity of nested IF statements with Excel's CHOOSE function
• Streamlining formula writing by using the Use in Formula command
• Improving the integrity of spreadsheets with Excel's VLOOKUP function
• Comparing IFNA, IFERROR, and ISERROR functions and learning which versions of Excel support these worksheet functions
• Going beyond simple rounding with the ROUNDUP and ROUNDDOWN worksheet functions
• Learning a simple design technique that greatly improves the integrity of Excel's SUM function
• Using the SUMIF function to summarize data based on a single criterion
• Learning how range names can minimize errors, save time in Excel, serve as navigation aids, and store information in hidden locations
• Learning how the Table feature allows you to transform filtering tasks
• Preserving key formulas using Excel's hide and protect features

Topic Background:-

Excel spreadsheets are invaluable for preparing budgets. They allow information to be inserted, laid out, formatted and arranged quickly and easily. Using Excel spreadsheets makes it easy to compute budgetary estimates, such as calculating income and expenditures. They also enable future users to follow how budgets were initially calculated.

Why Should you Attend?

To learn how to build budget spreadsheets that can be updated easily, that contain easy-to-follow supporting calculations, and that is future-proofed to ensure their integrity.

David teaches from the version of Excel in use by the majority of attendees, but he explains any differences in Excel 2007, 2010, 2013, and 2016. His webcasts are fast-paced, and attendees often are surprised at the amount of ground he covers in a session. He welcomes participants' questions, so come ready to pick his brain. David's detailed handouts serve as reference tools you can fall back on after participating in one of his webcasts. He also provides an Excel workbook that includes a majority of the examples he uses during each session.

Who Will Benefit?

• Accountants and CPAs
• CFOs
• Financial consultants
• Controllers
• Accounting Personnel
• Human Resources Personnel