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Excel and Power BI for Planning, Forecasting and Budgeting
YOUR PATHWAY TO SUCCESS
Our Financial Communication course teaches you how to effectively articulate financial insights and data, ensuring you can persuasively share critical information.
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Course Duration
5 Days
Course Details
Data-driven decision-making is essential for modern businesses, and mastering tools like Excel and Power BI can significantly enhance financial planning, forecasting, and budgeting. The “Excel and Power BI for Planning, Forecasting, and Budgeting” course is a comprehensive five-day program designed to equip professionals with the skills needed to analyze financial data, create accurate forecasts, and develop dynamic budgets. This course focuses on leveraging Excel’s advanced functions and Power BI’s data visualization capabilities to streamline financial processes, improve reporting accuracy, and support strategic decision-making.
Participants will learn how to use Excel for financial modeling, scenario analysis, and automation of forecasting tasks. They will also explore Power BI’s interactive dashboards, data connectivity, and real-time reporting to gain deeper insights into financial performance. Through hands-on exercises, case studies, and expert-led sessions, attendees will develop practical skills to enhance financial planning, optimize resource allocation, and drive business growth. By the end of the program, participants will have the confidence to apply these tools effectively in their organizations, improving efficiency and financial accuracy.
By the end of the “Excel and Power BI for Planning, Forecasting, and Budgeting” course, participants will be able to:
- Master Advanced Excel Functions for Financial Analysis– Utilize key Excel formulas such as LOOKUP functions, PivotTables, and conditional formatting to analyze and organize financial data efficiently.
- Develop Accurate Financial Models– Build dynamic financial models using Excel to conduct scenario analysis, sensitivity analysis, and trend forecasting.
- Create and Manage Budgeting Tools– Design and implement budget templates, variance analysis, and rolling forecasts to enhance financial planning and resource allocation.
- Leverage Power BI for Data Visualization– Learn how to connect, transform, and visualize financial data using Power BI to create interactive dashboards and real-time financial reports.
- Automate Data Processing and Reporting– Use Power Query and Power Pivot in Excel and Power BI to automate data imports, clean datasets, and generate dynamic reports.
- Enhance Forecasting Accuracy– Apply statistical forecasting methods, such as regression analysis and time-series forecasting, to predict future financial trends with greater accuracy.
- Integrate Excel and Power BI for Comprehensive Analysis– Learn best practices for linking Excel spreadsheets with Power BI to improve data-driven decision-making.
- Identify Key Financial Performance Indicators (KPIs)– Track and measure business performance using dashboards and financial metrics for strategic insights.
- Improve Financial Storytelling and Reporting– Develop the ability to present complex financial data clearly and effectively to stakeholders using visualization tools.
- Apply Best Practices in Financial Planning and Budgeting– Gain a structured approach to strategic financial planning, cost control, and budget optimization using modern analytical tools.
This course provides a practical and hands-on learning experience, equipping participants with the skills to enhance financial efficiency, improve reporting accuracy, and support better decision-making within their organizations.
The “Excel and Power BI for Planning, Forecasting, and Budgeting” course is designed for professionals who want to enhance their financial analysis, data visualization, and budgeting skills using advanced Excel and Power BI tools. This course is ideal for:
- Finance and Accounting Professionals– Accountants, financial analysts, controllers, and CFOs who need to improve financial planning, reporting, and forecasting capabilities.
- Business and Financial Managers– Decision-makers responsible for budget management, financial performance analysis, and strategic planning.
- Data Analysts and Reporting Specialists– Professionals working with large financial datasets who want to leverage Power BI for data visualization and real-time reporting.
- Entrepreneurs and Small Business Owners– Individuals managing their own business finances who need efficient tools for budgeting, forecasting, and financial decision-making.
- Project Managers and Operations Leaders– Professionals overseeing financial aspects of projects and operations, including cost tracking, resource allocation, and financial planning.
- Government and Nonprofit Financial Officers– Public sector and nonprofit employees responsible for budgeting, financial reporting, and expenditure tracking.
- Consultants and Business Advisors– Strategy consultants, management advisors, and financial planners who need data-driven insights for advising clients.
- Anyone Looking to Improve Their Excel and Power BI Skills– Individuals who work with financial data and reports and want to enhance their ability to analyze, visualize, and present data effectively.
This course is perfect for those who want to transition from manual spreadsheet-based analysis to automated, dynamic, and interactive financial planning and reporting using modern data tools.
Course Outline
5 days Course
Foundations of Excel for Financial Planning and Budgeting
- Introduction to Financial Planning and Budgeting Concepts
- Essential Excel Functions for Financial Analysis:
- SUMIFS, AVERAGEIFS, INDEX-MATCH, XLOOKUP
- Logical Functions (IF, AND, OR) for Decision-Making
- Data Validation and Error Checking for Financial Accuracy
- Using PivotTables and PivotCharts for Summarizing Data
- Hands-on Exercise: Creating a Financial Budget Template in Excel
Advanced Excel for Forecasting and Scenario Analysis
- Time-Series Analysis and Trend Forecasting in Excel
- Sensitivity Analysis Using Data Tables and Goal Seek
- Scenario Planning with Scenario Manager
- Regression Analysis for Predictive Modeling
- Automating Financial Calculations with Macros and VBA (Introduction)
- Practical Exercise: Developing a Dynamic Financial Forecasting Model
Introduction to Power BI for Financial Data Analysis
- Overview of Power BI and Its Applications in Finance
- Connecting and Importing Financial Data from Excel and Other Sources
- Data Cleaning and Transformation Using Power Query
- Introduction to DAX (Data Analysis Expressions) for Financial Metrics
- Creating and Customizing Power BI Dashboards
- Hands-on Exercise: Building a Simple Financial Dashboard in Power BI
Power BI for Budgeting and Financial Visualization
- Designing Interactive Financial Reports and Dashboards
- Using Power BI to Track Key Financial Performance Indicators (KPIs)
- Real-Time Budget Monitoring with Power BI
- Advanced DAX Formulas for Financial Calculations
- Best Practices for Data Visualization in Financial Reporting
- Case Study: Developing a Budget and Forecasting Dashboard
Integration, Automation, and Final Project
- Integrating Excel and Power BI for Comprehensive Financial Planning
- Automating Data Refresh and Report Updates
- Financial Storytelling: Presenting Data Insights to Stakeholders
- Group Project: Building a Full Financial Planning and Budgeting Model
- Review, Q&A, and Certification Ceremony
This course provides a hands-on learning experience, equipping participants with practical skills in Excel and Power BI to enhance financial planning, forecasting, and budgeting in a dynamic business environment.
