Excel Magic (Part 5): Building Interactive Budgeting Model in Excel (Video) (Course Id 2220)

• Who is this course for?
  This course is designed for CPAs, accountants, and financial professionals who need Continuing Professional Education (CPE) and possess basic Excel, PivotTable, and Power Query skills.

• What is this course about or what problem does this course solve?
  The course addresses challenges in budget modeling and reporting by teaching how to build interactive budgeting models in Excel that integrate with other systems and accommodate operational needs.

• How can the knowledge from this course be used?
  Learners can use the skills gained to create dynamic budgeting models, build editable PivotTables, consolidate financial data from multiple sources, and generate integrated reporting slides from Excel.

• Why is this course important to a CPA, Accountant, or IRS Enrolled Agent?
  It equips finance professionals with practical Excel tools to improve budgeting accuracy, enhance collaboration with operations teams, and streamline financial reporting.

• When is this course relevant or timely?
  This course is especially timely for professionals seeking to modernize their budgeting processes and improve data integration, as it reflects current best practices and was updated in January 2024.

• How is a course like this consumed or used?
  The course is delivered as a self-study video format through the NASBA QAS Registry, includes review and final exam questions, and requires a passing score to earn 1.5 CPE credits.

The course is presented in three parts.

First, the course reveals the 3 environments forecasts and budgets are made and compare each one of them.

Next, the course presents 6 challenges in budget modeling and reporting. They include:

• How to accommodate Operation Team’s need to work from Excel while all budgets are in the Planning system?
• How to build an interactive budgeting model in Excel?
• How to write into a PivotTable?

Last, we provide 6 solutions to the above 6 challenges in budget modeling and reporting. They include:

• Building an interactive budgeting model that allows the Operation Team to make changes to forecasts and budgets and see the results instantaneously
• Building an “editable” PivotTable that allows Operation Team to put forecasts and budgets directly in the PivotTable report
• Consolidating Actuals, Forecasts and Budgets from different data sources by using Power Query
• Building integrated Slides from Excel Reports

Video - NASBA QAS - NASBA Registry - 2220

Course Learning Objectives

• Understand when and how to build an interactive budgeting model in Excel
• Identify reasons in building a PivotTable report vs a regular report with formulas
• Discover techniques on building an “editable” PivotTable
• Understand ways to report budgets from the System using a PivotTable
• Explore methods of consolidating Actuals and Budgets from multiple data sources

Chapter 1 - Excel Magic (Part 5): Building Interactive Budgeting Model in Excel

Chapter 1 Review Questions

Glossary/Index