Master Excel: What-If Analysis Tools

In this webinar speaker David will teach you how and when to make use of Excel's Scenario Manager as well as how to use the Data Table feature to compare calculation results based on two or three inputs. He also explains how Excel's Goal Seek feature empowers you to perform basic what-if analyses, in effect, solving for a single value.

David Ringstrom
Instructor:
David Ringstrom
Date:
Friday, August 28, 2020
Time:
10:00 AM PDT | 01:00 PM EDT
Duration:
60 Minutes

More Trainings by this Expert   Product Id : 503299

Price Details
$150 Live
$290 Corporate Live
$190 Recorded
$390 Corporate Recorded
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Overview:

Excel expert David H. Ringstrom, CPA, draws your attention to the What-If Analysis tools available within Excel’s Data menu in this informative presentation.

David teaches you how and when to make use of Excel's Scenario Manager as well as how to use the Data Table feature to compare calculation results based on two or three inputs. He also explains how Excel's Goal Seek feature empowers you to perform basic what-if analyses, in effect, solving for a single value.

David demonstrates every technique at least twice: first, on a PowerPoint slide with numbered steps, and second, in the subscription-based Microsoft 365 version of Excel (formerly known as Office 365). David draws your attention to any differences in the older versions of Excel (2019, 2016, 2013, and earlier) during the presentation as well as in his detailed handouts. David also provides an Excel workbook that includes most of the examples he uses during the webcast.

Microsoft 365 is a subscription-based product that provides new-feature updates as often as monthly. Conversely, the perpetual licensed versions of Excel have feature sets that don’t change. Perpetual licensed versions have year numbers, such as Excel 2019, Excel 2016, and so on.

Areas Covered in the Session:

  • Exploring the Forecast Sheet feature in Excel 2016 and later, which can extrapolate trends based on existing data in your spreadsheets
  • Avoiding the need to write repetitive formulas using Excel's Data Table feature
  • Exploring Excel's Scenario Manager feature that enables you to store various sets of inputs, such as best case, worst case, and most likely, without having to replicate worksheets or workbooks
  • Utilizing the PMT worksheet function to calculate loan payment amounts
  • Utilizing the CUMIPMT worksheet function to calculate interest amounts for any period of a loan without utilizing an amortization table
  • Merging scenarios from other workbooks into your present workbook
  • Incorporating decisions into calculations with Excel's IF function
  • Using the Summary Report aspect of Scenario Manager to compare different scenarios side by side
  • Enabling Excel's Solver add-in for more complex what-if analyses
  • Learning the basics of Excel's Solver feature
  • Exploring Excel's Goal Seek feature, which can be used to solve for a single missing input

Learning Objectives:
  • Identify when to use Excel's Goal Seek feature versus Solver
  • Recall how to use the Data Table feature in Excel to compare calculation results based on varying inputs
  • Define how to make one workbook serve multiple purposes by way of Excel's Scenario Manager

Who Will Benefit:
  • Practitioners seeking to understand the what-if problem-solving capabilities in Excel


Speaker Profile
David Ringstrom CPA, is an author and nationally recognized instructor who teaches scores of webinars each year. His Excel courses are based on over 25 years of consulting and teaching experience. David's mantra is "Either you work Excel, or it works you," so he focuses on what he sees users don't, but should, know about Microsoft Excel. His goal is to empower you to use Excel more effectively.


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