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Excel Modeling 101: 10 Dos and Donts (Video) (Course Id 1780)

QAS / Registry
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Author : Lenny Wu, CPA, CGA, MBA
Course Length : Pages: 22 ||| Review Questions: 5 ||| Final Exam Questions: 8
CPE Credits : 1.5
IRS Credits : 0
Price : $21.95
Passing Score : 70%
Course Type: Video - NASBA QAS - NASBA Registry
Primary Subject-Field Of Study:

Computer Software & Applications - Computer Software & Applications for Course Id 1780

Description :

The course is presented in four parts.

First, brief introduction to what is Excel modeling and how to make an Excel model great:

  • Accuracy
  • Simplicity
  • Robustness

Second part brings a not-so-great Excel model as a business case, and introduces a financial report that is supposed to calculated the DSO (Days Sales Outstanding) measure. By examination, this course demonstrates to the audience 10 DONTS in Excel modeling, including:

  • Do NOT copy/paste data multiple files and stack them up
  • Do NOT leave comparable data in different columns
  • Do NOT process data “one at a time”

Third, we demonstrate how to correct the problems and bring up the list of the 10 DOS, including:

  • Connect or link to source data rather than copy and paste.
  • Keep comparable data in the same column
  • Keep related data processing in “one” table!

Last, the course culminates in summarizing the 10 Dos and Don’ts into 4 categories:

  • Data source
  • Data transformation
  • Formulas
  • Validation

Please Note: This course’s author is working on the providing transcripts, PDFs, and slides where applicable. Unfortunately until then we will not be able to offer them with the course but felt the course was valuable enough as it is so have chosen to include it on our site. Our sincere apologies for any inconvenience and please let us know any question using the support bubble on the bottom right of all pages on our site. 

Usage Rank : 0
Release : 2021
Version : 1.0
Prerequisites :
  • Basic Excel and Power Query knowledge
  • Example: be able to open one Excel file and connect to external data files, etc.
  • Recommended prerequisite: Power Query (Part 1): Ultimate Data Transformation
  • Experience Level : Overview
    Additional Contents : Complete, no additional material needed.
    Additional Links :
    Advance Preparation :
  • Basic Excel and Power Query knowledge
  • Example: be able to open one Excel file and connect to external data files, etc.
  • Recommended prerequisite: Power Query (Part 1): Ultimate Data Transformation
  • Delivery Method : QAS Self Study
    Intended Participants : Anyone needing Continuing Professional Education (CPE).
    Revision Date : 25-Jan-2021
    NASBA Course Declaration : Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.
    Approved Audience :

    Video - NASBA QAS - NASBA Registry - 1780

    Keywords : Computer Software & Applications, Excel, Modeling, 101, 10Dos, Donts, Video, cpe, cpa, online course
    Learning Objectives :

    Course Learning Objectives

    After this course, you will be able to:
    • Establish instant connection to multiple data sources rather than copy/paste and stack-up
    • Structure a table with related data in 1 column for easy pivoting
    • Build uniform formulas in Excel models to avoid errors
    • Recognize effective ways of keeping source data, entry data, and formulas all separate in models
    • Understand how Power Query can help prevent dragging processed data from table to table

    Course Contents :

    Chapter 1 - Excel Modeling 101: 10 Dos and Donts

    Section 1: Introduction

    Lecture 1: Introduction

    Lecture 2: Recap

    Lecture 3: Instructor

    Lecture 4: Other similar courses

    Lecture 5: What you will get from this course?

     Section 2: Excel Modeling

    Lecture 6: Excel Modeling

    Lecture 7: What makes a great model

    Lecture 8: Business Case: How to calculate a 5-week DSO?

    Lecture 9: 10 Dos and Dont's - No. 1

    Lecture 10: 10 Dos and Dont's - No. 2

    Lecture 11: 10 Dos and Dont's - No. 3

    Lecture 12: 10 Dos and Dont's - No. 4

    Lecture 13: 10 Dos and Dont's - No. 5

    Lecture 14: 10 Dos and Dont's - No. 6

    Lecture 15: 10 Dos and Dont's - No. 7

    Lecture 16: 10 Dos and Dont's - No. 8

    Lecture 17: 10 Dos and Dont's - No. 9

    Lecture 18: 10 Dos and Dont's - No. 10

     Section 3: Conclusion

    Lecture 19: Takeaways

    Lecture 20: Next Course and Q&A

    Chapter 1 Review Questions


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