Excel Tips and Tools for Better Budgets and Forecasts

2 Credits: Computer Software & Applications


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Excel Tips and Tools for Better Budgets and Forecasts

Course Level
CPE Credits

2 Credits: Computer Software & Applications

Course Description

Excel’s vast array of features offers untapped potential for professionals engaged in budgeting and forecasting. This course aims to unlock that potential, guiding participants through a variety of Excel’s specialized functions. Attendees will explore key budgeting and forecasting-centric features, learning how to effectively differentiate and apply Excel’s capital budgeting functions. The course also includes practical training on using Scenario Manager for handling different budget assumptions and employing Excel’s Solver add-in for solving complex equations. Additionally, participants will learn to create Monte Carlo simulations, a valuable technique for modeling risk in budgets and forecasts. This session is ideal for those looking to elevate their financial planning skills, providing practical tools and techniques to enhance their proficiency in using Excel for sophisticated budgeting and forecasting tasks.

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Learning Objectives

Upon completing this session, you should be able to:

  • List key budgeting and forecasting-centric features in Excel
  • Differentiate between Excel’s capital budgeting functions
  • Utilize Scenario Manager to manage different sets of budget assumptions
  • Solve complex, multi-variable equations with Excel’s Solver add-in
  • Create Monte Carlo simulations to model risk in budgets and forecasts
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Course Specifics

Course ID
Revision Date
January 14, 2022


Advanced Preparation


Compliance Information

NASBA Provider Number: 103220

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

Meet The Experts

Thomas G. (Tommy) Stephens, Jr. Headshot

Thomas G. (Tommy) Stephens, Jr., CPA, CITP, CGMA, received a Bachelor of Science in Business Administration (Major in Accounting) from Auburn University in 1985. In 1994, Mr. Stephens opened his public accounting practice in the metropolitan Atlanta area. In his practice, Mr. Stephens provided accounting, tax, and consulting services to individuals and a wide variety of small and emerging businesses. He developed a successful consulting practice providing installation and support services of small business accounting software. Additionally, he has authored and presented continuing professional education courses to accounting and finance professionals. Mr. Stephens has lectured nationally on subjects such as internal controls for …