Automating Financial Reporting in EXCEL (Part 1): From Data to Report in ONE Click (Video) (Course Id 2251)

• Who is this course for?
  This course is designed for accounting and finance professionals, including CPAs and anyone needing Continuing Professional Education (CPE), who want to enhance their Excel skills for financial reporting automation.

• What is this course about or what problem does this course solve?
  The course addresses the inefficiencies in manual financial reporting by teaching participants how to automate monthly, quarterly, and yearly financial reports in Excel, ultimately achieving one-click reporting.

• How can the knowledge from this course be used?
  Participants can apply the knowledge to set up automated financial reports using system-exported data, Excel formulas, Pivot Tables, and macros to streamline and standardize reporting tasks.

• Why is this course important to a CPA, Accountant, or IRS Enrolled Agent?
  It is important because it enhances Excel proficiency, enabling professionals to save time, reduce errors, and increase efficiency in generating financial reports—a key task in their roles.

• When is this course relevant or timely?
  This course is especially relevant during financial reporting periods—monthly, quarterly, and annually—when professionals need efficient, accurate, and repeatable reporting methods.

• How is a course like this consumed or used?
  The course is delivered as a QAS Self Study video, requiring participants to complete review and final exam questions online to earn 1.0 CPE credit upon passing with at least 70%.

In this course we will explore ways of automating monthly, quarterly, and yearly financial reporting processes to achieve the ultimate goal of “one-click reporting”. We will start with a brief overview of the dilemmas facing accountants and analysts. From this we will discuss how we can set up financial reports in EXCEL based on accounting system export (direct report or financial data). This leads to an introduction of EXCEL formulas and Pivot Table. Then we will work with each formula to transcribe system-exported report or data into formal financial reports. This course will serve as review for accounting and finance professionals who need to sharpen their EXCEL skills in automating monthly/quarterly/yearly financial reporting.

Video - NASBA QAS - NASBA Registry - 2251

Course Learning Objectives

• Define best practice in linking financial statement to a system-generated report;
• Distinguish between exact match and approximate match in lookup formulas;
• Identify the best practice in building a Pivot Table;
• Name a dynamic formula used in referencing cell values in a Pivot Table;
• Distinguish between 3 ways of assigning a macro – to a button, to a worksheet, or to a workbook.

Chapter 1 - Automating Financial Reporting in EXCEL (Part 1): From Data to Report in ONE Click

Chapter 1 Review Questions

Glossary/Index