2014 - Forecasting with Excel's Powerful Sensitivity Tools

Instructor: Miles Hutchinson
Description:
Financial Modeling is based on the idea that forecasts are subject to variation and this variation should be tested and communicated as an aide to effective to decision making. Attend this briefing on Excel to unleash its powerful sensitivity tools. Get the full power out of your financial models. Improve the design of your models to take advantage of these tools in just 90 minutes.
What if our projections are incorrect? How much variation can we live with when making decisions involving significant amounts of time, money and other resources? How can we express the degree of variation in the expected results current operations and future projects? How well do we quantify upside potential AND the downside risk in our decision making? We are constantly re-evaluating our actions. How do we know, up front and with certainty, we will be able to weather a decision gone bad? Financial modeling and forecasting from reasoned logic, realistic ranges for our significant variables and proper application of sensitivity testing should provide us with the answers to these questions.
Why Should you Attend:
Learn best practices for designing efficient forecasting models. Learn how to apply scroll bars, goal seek, data tables, and scenario manager to your models in just 90 minutes. Experienced CPA and financial analyst, Miles Hutchinson will demonstrate these tools for you using Microsoft ExcelTM. He will provide practical instructions and guidance for applying them and identify the key cautions to help you avoid potential misfires.
Objectives of the Presentation:
20 rules of effective model design
Applying Scroll Bars to individual cells to flex them over their relative ranges with the touch of your mouse
Using Goal Seek to discover how much a single variable must move to reach a desired outcome
Using Data Tables with one or two-inputs to deliver an array of outcomes from your model in just seconds
Using Scenario Manager to store selected groupings of inputs and resulting outcomes
Use Scenario Manager to consolidate all "versions" of your model into one file
Use the standard Scenario Summary to compare your Scenarios automatically
Expand your skills in financial modeling to a level you never dreamed of in just 90 minutes!
Bonus ? download a copy of the demo model along and the answer key to our demonstration!
Who can Benefit:
Financial Analysts
CFOs
Controllers
Accounting Managers
Tax Planning Managers
Investment Analysts
Business Analysts
Strategic Planners
Risk Managers
Capital Expenditure Planners
Cost Accountants
Managerial Accountants
Staff with roles and responsibilities in financial forecasting and analysis
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