Learn Advance Excel Modelling Techniques with Accounting for Prepaid Expenses (Formulas & Functions, Power Query and VBA)

Let’s see what you will learn in this advanced training:

  • Formulas and Functions to prepare Accounting Schedules (such as prepaid expense) and many other models
  • Advanced Formulas, Tips and Techniques in Microsoft Excel for Accountants
  • How to leverage awesome data transformation tool called Power Query (Get & Transform)
  • How to Manage Prepaid Expenses accounting professional way (any other amortisation schedule)
  • Forecast and Budget Prepaid Expenses and its impact on three Financial Statements
  • Maintaining utmost accuracy while closing month end books (Accountants) for Prepaid Expenses
  • Dynamic Data Visualization and Dashboard Preparation using Formulas and Functions
  • Dynamic Dashboards and Data Visualization with Power Query (Next level Data modelling
  • Dynamic Dashboard with Formulas – the Easy Way
  • Dynamic Dashboard with Power Query and Pivot Tables/Charts

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). Fully Dynamic dashboard either with just Excel Formulas or next level Dashboard with Power Query and Pivot tables (no formulas used, refresh the dashboard with new data with just two clicks)

While this course will be utmost helpful to Accounting professionals, Auditors, business professionals, anyone can enrol in the course to learn:

Advanced Formulas and function 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, automate entire workflow saving precious time.

We will go through the specific example of Prepaid Expenditure in this course, details are given below:

  • Prepaid Expenses are everywhere! The most common type of prepaid expenditures is Mobile Phone prepaid vouchers/data plans and Insurances.
  • Accounting for Prepaid Expenses is fairly straightforward (and easy).
  • Prepaid Expenditure Accounting activity is routine and critical for any Accountant. The accountant needs to accurately maintain the record of all prepaid expenses to computer 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

I will teach you the basics of Prepaid expense accounting with a simple example (Accounting Journal entries)

  • I will teach you hands-on techniques to maintain a robust prepaid expenses schedule from which you can derive accurately:
  • The portion of Prepaid Expenses to be charged to 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)

I  have used Microsoft Excel as a tool to prepare three kinds of Prepaid Expenses Schedules (Models), I will walk you through step by step process on how to prepare and maintain prepaid expenses models/schedules during this you will learn:

  • IF Function (nested IF), Date Functions, Lookup and Match Function, Named Ranges, Data validation, Array Formulas and much more
  • How to combine the above functions to create powerful formulas
  • Use of Power Query (Get and Transform) and Pivot Tables
  • 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

Techniques learned in this course can be easily applied in preparing various other Excel Models in your business…

Who is the target audience?

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

 

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