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Data Analysis for Financial Managers Using Microsoft Excel

INTRODUCTION

This course is designed to instruct participants on the principles of data analysis while demonstrating the value of Microsoft® Excel and its ability to help budget analysts and consultants make effective program and agency decisions. Participants will learn how to validate data, construct financial models, perform what-if scenarios, evaluate financial alternatives, perform cost-volume analysis, solve linear programming problems, and analyze waiting lines using queuing theory models.

OBJECTIVES

  • Perform basic statistical validity calculations
  • Calculate cost, labor hour, and project schedule variances, and forecast projects’ final costs and completion times, using Excel
  • Use Excel’s financial functions to calculate the amounts, rates, and time necessary to achieve financial goals or meet financial requirements
  • Calculate the financial value of a project or proposal and select among alternatives using basic measures such as Net Benefit (NB), Present Value (PV), Net Present Value (NPV), and the Internal Rate of Return (IRR)
  • Calculate break-even points and/or required volumes via graphical analysis, algebra, or Excel’sGoal Seek tool to achieve financial goals
  • Utilize Excel’sData Table and Scenario Manager tools to display the results of various financial scenarios with altering variables
  • Utilize Excel’sSolver tool to create optimal job and supply or supplier assignments, given known outputs and constraints
  • Analyze and conduct model line and Monte Carlo simulations using a single server and an exponential distribution for service and arrival rates

DURATION

3 days

WHO SHOULD ATTEND?

This course is designed for financial management personnel including budget analysts, management analysts, or consultants who need to support managerial decision-making through the analysis of financial data.

TOPICS TO BE COVERED

The Push for Analytics and the Need for Valid Data

  • The Push For Analytics
  • Data Validity
  • Using Excel to Validate
  • Data Gathering

Conducting Variance Analysis

  • Calculate Variance in Standard Cost Systems
  • Earned Value Management and Variance

Solving Financial Problems Using Excel’s Financial Functions and Creating Intentional Circular References

  • Using Financial Functions
  • Resolving and Creating Circular References

Evaluating the Financial Impact of Projects and the Selection of Alternatives

  • Using Basic Financial Measures in Project Evaluation
  • Applying Discount Rates and Calculating the Internal Rate of Return (IRR)
  • Selecting Among Alternatives Using Net Present Value (NPV) and the Cost-Effectiveness Technique

Applying Excel’s Goal Seek to Cost-Volume Analysis

  • Using Graphical Analysis to Calculate Breakeven Points
  • Using the Algebraic Approach to Calculate Breakeven Points
  • Using Excel’s Goal Seek Tool to Calculate Breakeven Points and Estimate Volumes

Applying Excel’s Data Table and Scenario Manager Tools to Financial Models

  • Using Excel’s Data Table Tool for One-Variable Data Tables
  • Using Excel’s Data Table Tool for Two-Variable Data Tables
  • Using Excel’s Scenario Manager tool for Multiple-Variable Summary and Pivot Table Reports

Applying Excel’s Solver Tool to Financial Problems

  • Applying Excel’s Solver Tool to Create Assignment Models
  • Applying Excel’s Solver Tool to Create Transportation Models

Queuing Theory and Application to Waiting Line Models

  • Simulating the Waiting Line Model with Fixed Service Times and Fixed or Varying Arrival Times in Single- and Two-Server Systems
  • Simulating the Waiting Line Model with Exponential Distribution Service and Arrival Times in Single-Server Systems
  • Simulating the Waiting Line Model Using the Monte Carlo Simulation Technique

REQUIREMENTS

Participants should be reasonably proficient in English. Applicants must live up to Indepth Research Services (IRES) admission criteria.

METHODOLOGY

The instructor led trainings are delivered using a blended learning approach and comprises of presentations, guided sessions of practical exercise, web based tutorials and group work. Our facilitators are seasoned industry experts with years of experience, working as professional and trainers in these fields.

All facilitation and course materials will be offered in English. The participants should be reasonably proficient in English.

ACCREDITATION 

Upon successful completion of this training, participants will be issued with an Indepth Research Services (IRES) certificate.

TRAINING VENUE

The training is residential and will be held at IRES training Centre. The course fee covers the course tuition, training materials, two break refreshments, lunch, and study visits.

All participants will additionally cater for their, travel expenses, visa application, insurance, and other personal expenses.

ACCOMMODATION

Accommodation is arranged upon request. For reservations contact the Training Officer.

Email: This email address is being protected from spambots. You need JavaScript enabled to view it..  

Mob: +254 715 077 817

Tel: 020 211 3814

TAILOR- MADE

This training can also be customized for your institution upon request to a minimum of 4 participants. You can have it delivered in our training centre or at a convenient location.

For further inquiries, please contact us on Tel: +254 715 077 817, +254 (020) 211 3814 or mail This email address is being protected from spambots. You need JavaScript enabled to view it.

PAYMENT

Payment should be transferred to IRES account through bank on or before C.O.B. 14th October2019.

Send proof of payment to This email address is being protected from spambots. You need JavaScript enabled to view it.

CANCELLATION POLICY

Payment for the all courses includes a registration fee, which is non-refundable, and equals 15% of the total sum of the course fee.

1.     Participants may cancel attendance 14 days or more prior to the training commencement date.

2.     No refunds will be made 14 days or less to the training commencement date. However, participants who are unable to attend may opt to attend a similar training at a later date, or send a substitute participant provided the participation criteria have been met.

Please Note: The program content shown here is for guidance purposes only. Our continuous course improvement process may lead to changes in topics and course structure.

Event Properties

Event Duration 3 Days
Event Date 21-10-2019
Event End Date 23-10-2019
Cut off date 14-10-2019
Individual Price(Kenyan) KES 46,999
Individual Price (International) EUR 539
Individual Price(International in Dollars) USD 627
Location Nairobi, Kenya
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Contact Us

+254 715077817 | +254 792516000
outreach@indepthresearch.org
Westlands, Rhapta Road
Njema Court, Suite R2

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