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30-Day Money-Back Guarantee

This course includes:

  • 6 hours on-demand video
  • 6 articles
  • 13 downloadable resources
  • Full lifetime access
  • Access on mobile and TV
Office Productivity Microsoft Excel Modeling

Build Excel Models using Advanced Formulas, VBA, Power Query

Design Robust Excel Models for Accounting and Reporting, learn to Build Automated Dashboards using Power Query and VBA
Rating: 4.2 out of 54.2 (35 ratings)
711 students
Created by Prashant Panchal, ACA, ExActProBi (Prashant Panchal)
Last updated 10/2019
English
English
30-Day Money-Back Guarantee

What you'll learn

  • Advanced Formulas and Functions to prepare Accounting Schedules (such as prepaid expenditure) and many other amorisation models
  • How to leverage awesome data transformation tool called Power Query (Get & Transform)
  • How to Manage Prepaid Expenses accounting professional way (or any other amortisation schedule)
  • How to Forecast and Budget Prepaid Expenses and its impact on three Financial Statements
  • Maintaining the utmost accuracy while closing month end books (Accountants) for Prepaid Expenditures
  • Dynamic Data Visualization and Dashboard Preparation using Formulas and Functions
  • Dynamic Dashboards and Data Visualization with Power Query (Next level Data modeling tricks)

Requirements

  • Basics of Double Entry Accounting System
  • Basics of Microsoft Excel (also basics of Pivot Tables)
  • A Computer with Microsoft Excel Installed (preferably: 2007 or later versions)

Description

If you’re an accountant, analyst or business professional looking to take your Excel skills to the next level, this is the course you’ve been looking for!


This Course will teach you how to prepare efficient Excel model with advanced (powerful) formulas and function, Power Query /Pivot Tables and Excel VBA (all templates are available for download).


In addition to that I’ll cover how to create fully dynamic Excel dashboards with just Excel Formulas or if you want to get more advanced, we’ll cover next level Dashboard with Power Query and Pivot tables (no formulas used, refresh the dashboard with new data with just two clicks)


Here’s a sneak peek into some of the things we’ll cover:

  1. I’ll teach you advanced formulas and functions, and how to work with mega formulas

  2. Using Power Query (Get and Transform) to automate multiple sheets into an insightful summary report (Pivot Tables Report) using Excel VBA to control input and reduce errors, automate entire workflow saving precious time.

  3. In the course, I go through specific examples of Prepaid Expenditures like this one below:

       Mobile Phone prepaid vouchers/data plans and Insurances.

While this course will be utmost helpful to Accounting professionals, FP&A Professionals, Auditors, business professionals, anyone can enroll in the course


Accounting for prepaid expenses is easier than you think if you have the right tools at your disposal. But to do it… you need to accurately maintain the record of all prepaid expenses on your computer for an accurate profit or loss each period end (monthly/quarterly and yearly)


And Therefore it is quite crucial to have a Robust Prepaid Expenses Schedule (for an Accountant/Analyst/Auditor) and  Microsoft Excel is a great tool for this task


As we go through the example, I’ll teach you hands-on techniques to maintain a robust prepaid expenses schedule that will help you accurately determine:

  • The portion of prepaid expenses to be charged to the income statement/profit and loss statement each month

  • Prepaid expenditure balances for monthly balance sheet reviews

  • Forecast or budget prepaid expenses for future periods

  • Impact on cashflow of business due to prepaid expenses spending (high or low)

  • How to allocate prepaid expenditures each month to various divisions or cost centers accurately (using Power Query and Pivot tables) with just few clicks (fully automated approach)

  • How to make sure that prepaid expenditure GL (balance sheet) is accurately maintained (cross checking integrity of GL entries to detect and prevent errors and frauds)

And I teach you all of this using Microsoft Excel!

Not only will I give you the models I’ve built, but also help you improve your ability to use the various functions of Excel:

  • IF Function (nested IF)

  • Date Functions

  • Lookup and Match Function

  • Named Ranges

  • Data validation

  • Array Formulas

  • And much more

Once you have a solid grasp of those, I’ll show you how to combine the above functions to create powerful formulas!


It doesn’t stop there…

We’ll use Power Query (Get and Transform) and Pivot Tables as well!

And we’ll even cover some Excel VBA.

At end of the course, you will have a clear and practical understanding of how prepaid expenses accounting works and how you can use Microsoft Excel efficiently to calculate accurate prepaid expenses charge, prepaid expenses balance and forecast prepaid expenses for future periods.


Your co-workers and your boss will be very impressed when you show up with these new skills! For the price I have it at… it’s worth every penny!


Don’t wait to improve your understanding of prepaid expenses and become an Excel guru! Enroll today to get started!



Who this course is for:

  • Any one who wants to learn Advanced modeling techniques and Tricks in Microsoft Excel
  • Accountants who wants to efficiently manage their Prepaid Expenses and Balance Sheet Reconciliations
  • Non-Accounting professional/Entrepreneurs who wants to estimate impact of Prepaid Expenses on their investment and Profit and Loss over fixed term
  • Analysts /Auditors who want to audit effectively for Prepaid Expenses
  • Business Budgets and Forecast Activities where prepaid expenses are crucial part of Balance Sheet and Income Statements

Course content

11 sections • 75 lectures • 5h 55m total length

  • Preview04:23
  • Preview01:05
  • Prepayments Introduction
    01:15

  • Month End Date Prepaid Expenses Amortization Calculation
    00:28
  • Exact Prepaid Expenses Payment Date Calculation
    00:26

  • Preview02:47
  • Prepaid Expense Example (How Accounting works for Prepayments)
    02:39
  • Advantages and Disadvantages of Prepaid Expenses
    02:33

  • Preview05:57
  • Date Function
    04:31
  • EOMONTH Function
    04:12
  • DATEVALUE function
    03:27
  • IF Function
    07:34
  • IFS Function (Office 365 Only)
    07:04
  • Preview06:46
  • MATCH Function
    04:33
  • INDIRECT Function
    01:34
  • NAMED Ranges (Name Manager)
    03:07
  • Advanced Version of VLOOKUP Function (All other formulas combined)
    07:27

  • Introduction to Model and Control Panel Tab (Important Sheet Tab)
    08:24
  • Formula Based Prepaid Expenses Model - Deep Dive (Part 1)
    04:49
  • Formula Based Prepaid Expenses Model - Deep Dive (Part 2)
    06:21
  • Formula Based Prepaid Expenses Model - Deep Dive (Part 3)
    06:13
  • IFS Function - Month End date Prepayment calculation
    04:08
  • Prepaid Expenses - Closing Balance Summary Tab (Formula Based Summary)
    08:52
  • Protecting Formulas Cells and Fields in the Model
    03:59

  • Preview03:08
  • Formulas update and Model Changes for Exact Prepaid Exps Calculation
    02:57
  • Formulas Update for Exact Date Prepaid Exps Amortisation (Part 1)
    03:55
  • Formulas Update for Exact Date Prepaid Exps Amortisation (Part 2)
    03:21
  • Formulas Update for Exact Date Prepaid Exps Amortisation (Part 3)
    02:19
  • Formulas Update for Exact Date Prepaid Exps Amortisation (Part 4)
    06:34
  • IFS Function - Exact Date Prepayments Amortisation
    03:33
  • Preview10:21
  • Bonus: Prepayment Model with Opening Balance Calculation (Part 1)
    07:42
  • Bonus: Prepayment Model with Opening Balance Calculation (Part 2)
    09:24

  • Preview05:49
  • Preview00:12
  • Power Query and Pivot Table Summary - Deep Dive (Part 1)
    04:48
  • Power Query and Pivot Table Summary - Deep Dive (Part 2)
    03:46
  • Power Query and Pivot Table Summary - Deep Dive (Part 3)
    05:17
  • Power Query and Pivot Table Summary - Deep Dive (Part 4)
    09:16
  • Using Array Formulas to Add Formula Proection
    04:23
  • Bonus: Allocate Prepaid Expenditure Cost Centre Wise 1
    02:00
  • Bonus: Allocate Prepaid Expenditure Cost Centre Wise 2
    07:30
  • Preview12:33

  • Changing Macros Security in Excel
    00:16
  • Complete Walkthrough - Advanced VBA Prepaid Expenses Amortisation Model
    05:43
  • Preview08:19

  • Preview06:31
  • Importing Profit and Loss Statements Source Files and creating YTD P&L Sheets
    08:11
  • Creating Dynamic Data Validation
    02:09
  • Creating Named Ranges for Dynamic Table Arrays (to be used in VLOOKUP Function)
    03:26
  • Dynamic Date Column Headings for each Divisional PL Table
    02:28
  • Dynamic Month and YTD Dashboard tables headings (PRO TIP)
    02:51
  • Dynamic VLOOKUP Formula - Preparing First section of the Dashboard
    04:02
  • Creating Rolling Dashboard with Dynamic VLOOKUP Function
    08:00
  • IMPORTANT : Error Checking for your reports/Dashboard (PRO TIP)
    02:34
  • Data Prep for Visualization: AREA Charts (Awesome trick using #NA Function)
    04:47
  • Visualization: AREA Charts for Month - Revenue, Gross Profit and Net Profit
    04:31
  • Visualization: DONUT Charts : Revenue, Gross Profit and Net Profit (Part 1)
    03:00
  • Preview06:13

  • Preview05:12
  • Understanding the data files before building dashboard
    01:59
  • Preview07:35
  • Dynamic File Path Trick in Power Query with Parameters (Amazing trick)
    05:57
  • Conditional Cumulative totals with SUMIFS Function
    04:06
  • Bonus: Conditional Cumulative totals with Power Query Custom Formula (M Code)
    06:16
  • Dashboard Creation - Pivot Table showing Month and YTD KPIs division wise
    06:02
  • Dashboard Creation Donuts Charts linked with Pivot Table (Replicate Charts fast)
    08:21
  • Dashboard Creation - Line Charts
    07:55
  • Preview03:24

Instructors

Prashant Panchal, ACA
Excel & BI Enthusiast, CA, Finance & Accounting Professional
Prashant Panchal, ACA
  • 4.1 Instructor Rating
  • 220 Reviews
  • 6,386 Students
  • 4 Courses

Hey, I am Prashant Panchal. I like helping fellow Accountants, Auditors and Analysts to become PRO at using Microsoft Excel.


I have been using Excel for mainly Accounting and Analytics for almost two decades and I am quite enthusiastic about sharing my knowledge with fellow Accountants, Analysts, or any Excel user


I have come across many challenging reporting and analytics situations during my career, and I was able to resolve those using good old Microsoft Excel Spreadsheet application.


I am well versed with:

Advanced Excel Formulas and Functions, Complex Management reports (Financial and other business operation related), Excel Power Query and Power Pivot (also Power BI) and Excel VBA


The thing I am most excited to share with you is Modern Excel Tools training and its basics to make your life easier as an Accountant or Analyst for Data cleaning, and Report automation

With Techniques I have learned using Excel for so many years, I pretty sure I can reduce your routine workflow (time and efforts) to half or even more.


While I love traditional formulas and function, Pivot tables and Excel VBA, I feel that its time to go beyond and discover amazing Power Tools offered by Microsoft these days.


These tools include Power Query for Excel (Get and Transform), DAX formulas Engine with Excel Power Pivot.


Don't worry if you have not heard about these tools, you will learn about them in details (basics to advanced) with me without any pain!


My Speciality lies in Data Analytics and ETL (Extract Transform and Load)


While formulas, Functions, Excel VBA can automate reporting and calculations for your projects, but when you are dealing with repetitive tasks, there is nothing better than Power Query.


So I am a big proponent of Automation of Data and reporting: Source data to Reporting with minimum manual steps involved with 100% Accuracy of Output reports


By the way, I am a Chartered Accountant by Qualification, and well versed with hands-on Corporate Financial Accounting and Reporting for diversified industries


So don't worry you are in good hands and a trusted source for your Excel problems and become Excel superuser


Cheers!

ExActProBi (Prashant Panchal)
Excel and Data Transformation Expert, Chartered Accountant
ExActProBi (Prashant Panchal)
  • 4.1 Instructor Rating
  • 220 Reviews
  • 6,386 Students
  • 4 Courses

I am an Experienced Finance Professional (Chartered Accountant) with varied experience in the field of Finance, Accounting, Auditing and Operations having worked with many (diversified) industries throughout my career

I have hands-on and thorough practical knowledge and experience in routine accounting challenges that every accountant comes across (gained through tons of trials and errors with practical accounting issues faced and solved during my career)

Being an Excel, Data analysis, BI and ETL enthusiast, I love report automation while keeping accuracy and reliability of any accounting or management report at 100%.

I have automated and enhanced daily accounting reporting tasks and improved reporting styles which have saved tons of hours of work for my colleagues and organisations

I have substantial experience gained throughout my career to improve and automate reports using Microsoft Excel, I use following techniques and tools routinely :

♦ Advanced Formulas and Functions
♦ Data Transformation and Data Cleaning using Power Query
♦ Report Automation: Source file to Final Report
♦ Excel VBA
♦ Pivot Tables, Power BI
♦ Power Query (Get & Transform)
♦ Power Pivots and DAX

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