Business Plan Modelling using Excel

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Effective business planning is fundamental to success in business. Building the plan model is the first step in transforming ideas into tangible reality. A well-organised plan should tell you if the concepts make sound business sense. It is easier to compete for support and resources with the aid of a convincing plan.
Requires participants to have a good knowledge of Excel basics (including Excel functions such as IF, Choose, etc.) It will be assumed that participants understand the principle rules in working with Interactive Spreadsheets
Who will benefit?:
This course is designed for accountants who need to prepare business plans, forecasts or budgets using MS Excel (currently 2010 version). Specifically the course has two main objectives:
1. To gain experience in the thought concepts needed to develop a business model. This is achieved here using a case study rather than modular approach, so that relevant techniques are seen ‘in their natural state’.
2. To learn new Excel techniques. However unlike an Advanced Excel course, this is the secondary objective of the day.
What are the benefits?:
• Learn to optimise Excel as a tool in the preparation of financial models
• As theory is delivered, participants put the techniques into practice using an interactive case study on screen which develops into a full blown model by the end of the day.
• Utilising the power of the model to facilitate decision making through use of scenarios and sensitivities.
• Opportunity to discuss everyday Excel issues with both Trainer and fellow participants.
• One to one assistance during the break times during the day (lunch and 30 minutes after completion).
Programme content:
• Do’s and Don’t’s of modelling
• Communicating with your audience
• Creation of a large model containing typical business issues encountered often
• Building the model through logical stages of development
• Applying sensitivity analysis to the resultant model
• Maximising flexibility and business model dynamics
• Automating dates and months in the model
• Modelling to incorporate future needs
• Building the detailed working sheet and importing workings from subsidiary schedules
• Dealing with capital expenditure and funding
• Developing Profit & Loss, Balance Sheets and Cash Flows and manipulating these with minimum level inputs.
• Scenario setting and manipulation.
• Preparing and reporting on Key Performance Indictors
• Preparing formulae to relate accounting concepts in spreadsheets
• Building sanity checks and balances to ensure model integrity throughout the workbook.
• Ensuring the model is self-balancing.
• Copy of master model on ‘soft’ copy
• Manual covering the Excel skills encountered during the day.