Create a 3-Statement Budget Model in Excel

Learn how to build professional 3-statement budget models in Excel

If you are currently working in an FP&A role, or anywhere between accounting and finance, there’s a high chance you’ll probably face the challenge of preparing a company’s budget statement. It would be great if you are ready to tackle such a challenge with confidence and promptly.

What you’ll learn

  • Know how to organize models in Excel.
  • Be able to budget the business performance.
  • Know how to model financial statements.
  • Understand how the financial statements are linked together.
  • Enhance your current Excel files.
  • Format spreadsheets in a professional way.
  • Know how to forecast sales and expenses.
  • Understand the key assumptions that drive a budget.

Course Content

  • Getting Ready –> 9 lectures • 30min.
  • Income Statement –> 18 lectures • 1hr 42min.
  • Balance Sheet –> 13 lectures • 55min.
  • Cash Flow Statement –> 1 lecture • 12min.
  • Improving Our Model –> 2 lectures • 19min.
  • Optimizing Our Model –> 2 lectures • 20min.
  • Sharing Our Model –> 3 lectures • 21min.
  • Conclusion –> 1 lecture • 1min.
  • Additional Lectures and Learning Materials –> 5 lectures • 1hr 8min.

Create a 3-Statement Budget Model in Excel

Requirements

If you are currently working in an FP&A role, or anywhere between accounting and finance, there’s a high chance you’ll probably face the challenge of preparing a company’s budget statement. It would be great if you are ready to tackle such a challenge with confidence and promptly.

And this is the course to prepare you for that!

You will start with an empty Excel spreadsheet and build a complete dynamic model for a 3-statement budget in Excel!

What you’ll get out of this course?

Create a 3-statement Budget Model in Excel course will guide you through the actual practical process of creating a budget model in Excel, step by step. We will define a clear structure and build a robust dynamic model, which you can reuse over and over again. I will help you understand the flow of information between different parts of a budget model. You will gain knowledge on how to forecast sales, production cost and other expenses. We will define a consistent framework of formatting our model, to make it easier to read and understand, even after time has passed.

I will show you some ways to tremendously improve the value of your budget by adding validation checks, dynamic scenarios, and sensitivity analysis. We will take it to the end and prepare a summary sheet that is ready to print and share with stakeholders.

For this course, I anonymized a real set of company data so that you will see a real-life example.

After you take the Create a 3-statement Budget Model in Excel course, you will have the confidence to prepare your complex models and bring value to any budget you have to work on.

What should you know to take the course?

This course is aimed at an intermediate level of students. We will go over the main shortcuts and formulas that we use in the model, and you will have to become familiar with those, to be able to follow along. I expect you to have solid fundamental knowledge on Excel, be able to use formulas, link to cells in other sheets, know how the standard formatting tools and the ribbons work. If you are entirely new to Excel, this course will be hard to take. Please, take a look at some of the excellent introductory courses here on Udemy, and come back after you’ve mastered the fundamentals of Excel.

To fully understand the model, you will need some basic accounting knowledge. I explain everything whenever we go into specifics. Still, I expect you to be familiar with an Income Statement, Balance Sheet, and Cash Flow Statement, have a general idea of how these are linked together. I would also expect you to understand words like Depreciation and Amortization, Interest, Cash Flows, and other similar terms.

It would still be possible to follow along and learn a lot from the course, even without basic accounting knowledge, but I would suggest you get yourself familiar with that first, and then take the Create a 3-statement Budget Model in Excel course.

Who is this course for?

I made the Create a 3-statement Budget Model in Excel course to serve as a practical guide on how to build high-quality budgets in real companies. The course is most suitable for:

  • Junior to Mid-Senior finance and accounting professionals, who are engaged in the budgeting process;
  • Business owners and entrepreneurs who want to understand how budgeting works in practice;
  • Managers in start-ups where no finance professionals are available;
  • Students in Finance and Economics majors who wish to get a head start.

I hope you are ready to upgrade yourself, learn how to build a 3-statement budget model in Excel, and propel in your career!

Are you excited to start?

Then enroll in the course, and I’ll see you in class!

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