Excel is the de facto budgeting and forecasting tool for most professionals, yet many who use Excel for these tasks do not take advantage of numerous built-in tools that can be beneficial for these tasks. Among other topics, in this session you will learn how to work with Excel features such as FORECAST, FORECAST.ETS, TREND, Forecast Sheets, XNPV, and XIRR. Additionally, you will learn better ways to manage what-if analysis using Scenario Manager, Solver, and the value of performing Monte Carlo simulations. In short, if you use Excel for budgeting and forecasting, you can’t afford to miss this session!
Upon completing this session, you should be able to:
• List key budgeting and forecasting-centric features in Excel;
• Differentiate between Excel's capital budgeting functions;
• Utilize Scenario Manager to manage different sets of budget assumptions;
• Solve complex, multi-variable equations with Excel's Solver add-in; and
• Create Monte Carlo simulations to model risk in budgets and forecasts