Course Information
Course Overview
Design Robust Excel Models for Accounting and Reporting, learn to Build Automated Dashboards using Power Query and VBA
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 an efficient Excel model with advanced (powerful) formulas and functions, 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:
I’ll teach you advanced formulas and functions and how to work with mega formulas
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, automating the entire workflow and saving precious time.
In the course, I go through specific examples of Prepaid Expenditures like the one below:
Mobile Phone prepaid vouchers/data plans and Insurance.
While this course will be of utmost help to Accounting professionals, FP&A Professionals, Auditors, and business professionals, anyone can enrol 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 following:
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 the cashflow of business due to prepaid expenses spending (high or low)
How to allocate prepaid expenditures each month to various divisions or cost centres accurately (using Power Query and Pivot tables) with just a 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 will teach you all of this using Microsoft Excel!
Not only will I give you the models I’ve built, but I will 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 the 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 charges and prepaid expenses balances 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! Enrol today to get started!
Course Content
- 10 section(s)
- 75 lecture(s)
- Section 1 Introduction
- Section 2 Prepaid Expenses Models (Complete Resources Download)
- Section 3 Accounting for Prepaid Expenses
- Section 4 Excel Formulas Detailed (Intro to three Excel Models)
- Section 5 Formula based Prepaid Expenses Model (Schedule)
- Section 6 Calculate Prepaid Expenses Amortisation from Exact Start date (Prepayment date)
- Section 7 Prepaid Expenses Summary with Power Query and Pivot Table
- Section 8 Advanced VBA Prepaid Expenses Amortisation Model
- Section 9 BONUS: Dynamic Dashboard for Divisional Profit and Loss statements (Easy way)
- Section 10 Power Query & Pivot Tables based Dashboard without any Formulas, Fully Dynamic
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)
Skills covered in this course
Reviews
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DDaniel Shoulders
The teacher is talking fast seems rushed. It's hard to understand the pronunciations thus almost lost.
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EEsperanza Manuel-Padilla
The content is awesome showing all the ways to do the prepayment model from powerful formulas to pivot table, power query and vba. That only shows the depth of intelligence of the trainer and creator. Aside from his super intelligence, he is gifted with a kind heart going beyond udemy in helping me out solve my work related questions.
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SShega Mohammed
I really loved the content and presentation of the subject which was very easy to absorb and learn. Learned many new things which is very useful for my day to day job. Thank you so much. And I highly appreciate the way in which how he responds back to students queries. I would really recommend this course for those who is looking for a intro into power query. Looking forward for more contents from you.
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MMateusz Wojnach
Overall the course was useful, I've learn few bits such as using IFS instead of IF. I found few small mistakes as I believe, in section 24 you have wrote IFS statement whereas you have contradict the if statement J$5<=$D6,$F6 and then you are quoting also J$5<=$D6,$0 . The last if statement J$5<=$D6,$0 is not needed there as it doesn't has any impact. Also in regards to prepayments the formula isn't 100% accurate as Accountant you would record prepayments on your excel spreadsheet but if you would post a journal you could have discrepancies/ rounding issue, for example when you have prepaid 2500 into 3 months, each month base on your formula will prepaid 833.33 base on that 3 x 833.33 will give you 1 penny miss rounding. I have build my own formula for depreciation and (it also works on prepayments) where I don't have any miss rounding issue in order to avoid discrepancy but also to do smooth reconciliation ( I just like to perfect to the nearest penny) . I think section 57 and 58 should be slightly before, as it feel we are jumping with one place to another. For me section 5 is not in chronological order. The file Dashboard MIS Master File Start Formulas I noticed there is no formulas set up for checks and I could create my own or copy form Completed File but people need to remember that Start File and Completed File has 1 column difference. I would appreciate if those error formula would be explain in professional manner. I have follow all your steps when I have been creating line charts, the format is set as "Primary Axis" and the data stops on the month as you were explained but when I save and re open file I need to re-do it those steps, what I mean is I need to format Plot Series by deselecting and reselecting "Primary Axis" so the data will not show 0. Do you know what's wrong? In order to improve I would recommend to avoid words "do like this" "like that" and try to explain in more professional way, also as recommendation if someone complete each section there could be few Quiz questions in order to check the knowledge.