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OnDemand Course

Creating and Managing a Budget in Excel®

Learn how to build business budgets in a logical and structured manner.

A sound business budget can help you effectively manage resources. Budgeting provides a systematic way of reviewing estimated results with actual results and setting realistic goals. An Excel spreadsheet is a valuable tool for managing these results. When building your budget, the first decision you need to make is whether you want to use an Excel template or build from scratch. Either method has pros and cons. Using a custom template gives you a structure from which to work. However, some of Excel's templates are now outdated. In this topic, you will learn how to build a budget from scratch using today's best practices as we explore templates and how they work. Learn how to build business budgets in a logical and structured manner, apply today's visual techniques and interactive spreadsheets, use conditional formatting to highlight variances to your budget, and create sparklines to show trends over multiple periods. This material will also provide a demonstration of what-if scenarios.

Learning Objectives

  • You will be able to recognize the process of budgeting.
  • You will be able to recognize how to apply visual techniques and use interactive spreadsheets.
  • You will be able to recognize how to use Pivot Tables to analyze data.
  • You will be able to recognize how to find premade budget templates in Excel.

59 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

The Process of Budgeting

  • Tool to Plan and Control
  • Operating Budget
  • Financial Budget

Excel Templates

  • Researching Online
  • Customizing Built-in Templates

Building Your Budget

  • Setting up Sections
    • Profit and Loss
    • Income
    • Expenses
  • Creating the Worksheets
    • Data Entry Table
    • Summary Page
    • WhatIf Scenarios

Importing Data

  • PowerPivot and BI Desktop
  • Data Shaping and Cleaning

Interactive Workbook

  • Automate Totals to Profit and Loss
  • Highlight With Conditional Formatting
  • Visualize With Charts
  • Forecast Tool
  • New Tools
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Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on January 18, 2022.

Call 1-866-352-9540 for further credit information.

  • AIPB 1.0
     
  • This program is acceptable for 1.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • ASAP PACE 0.1
     
  • This course is pre-approved through the American Society of Administrative Professionals (ASAP) for 0.1 CEU(s) towards your PACE Recertification.
     
  • IAAP 1.0
     
  • All education that aligns with the CAP Body of Knowledge can be used toward recertification. Lorman Education Services believes this course does align and should be counted toward recertification. Please visit IAAP's certification webpage to review recertification details and requirements. https://www.iaap-hq.org/page/CAP_Recertification. Course Length: 1.0.
     
  • CPE/NASBA - QAS Self Study 1.6 including Computer Software & Applications 1.6
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a QAS Self Study sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.6 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Computer Software & Applications for 1.6 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: QAS Self Study. Please refer to the information in this advertisement for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
     
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Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Lauritta Sowa

Lauritta Sowa

WiseOwlOps, Inc.

  • Assists owners and senior management in increasing their effectiveness
  • Over 30 years of experience in finance, analysis, and administration
  • Brings diversified insights that reflect the trends and awareness required in today’s business world
  • Supports her clients in facilitating change while increasing profitability, cash flow, and return on investment
  • Her skills have been utilized by a variety of Fortune 500 firms and an array of businesses
  • Specializing in Microsoft® Excel®, finance, and decision-making, she emphasizes the pragmatic skills necessary in today’s business environment
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Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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  • State Specific Credit Tracker
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Product ID: 409231
Published 2022
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