Tech & IT
Business
Coding & Developer
Finance & Accounting
Academics
Office Applications
Art & Design
Marketing
Health & Wellness
Sounds & Music
Lifestyle
Photography
This plan includes
- Instant access to 11,000+ online courses
- Play & Pause Course Videos
HD Video Recorded Lectures- Learn on Mobile/PC/Tablet
- Quizzes and Real Projects
- Lifetime Course Certificate
- Instructor Chat Support
- Cancel Plan Anytime
This plan includes
- Instant access to 11,000+ online courses
- Play & Pause Course Videos
- HD Video Recorded Lectures
- Learn on Mobile/PC/Tablet
- Quizzes and Real Projects
- Lifetime Course Certificate
- Instructor Chat Support
- Cancel Plan Anytime
What you'll learn?
- Advanced Formulas and Functions to prepare Accounting Schedules (such as prepaid expenditure) and many other amorisation models
- How to leverage awesome data transformation tool called Power Query (Get & Transform)
- How to Manage Prepaid Expenses accounting professional way (or any other amortisation schedule)
- How to Forecast and Budget Prepaid Expenses and its impact on three Financial Statements
- Maintaining the utmost accuracy while closing month end books (Accountants) for Prepaid Expenditures
- Dynamic Data Visualization and Dashboard Preparation using Formulas and Functions
- Dynamic Dashboards and Data Visualization with Power Query (Next level Data modeling tricks)
Course Overview
If you’re an accountant, analyst or business professional looking to take your Excel skills to the next level, this is the course you’ve been looking for!
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).
In addition to that I’ll cover how to create fully dynamic Excel dashboards with just Excel Formulas or if you want to get more advanced, we’ll cover next level Dashboard with Power Query and Pivot tables (no formulas used, refresh the dashboard with new data with just two clicks)
Here’s a sneak peek into some of the things we’ll cover:
-
I’ll teach you advanced formulas and functions, 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.
-
In the course, I go through specific examples of Prepaid Expenditures like this one below:
Mobile Phone prepaid vouchers/data plans and Insurances.
While this course will be utmost helpful to Accounting professionals, FP&A Professionals, Auditors, business professionals, anyone can enroll in the course
Accounting for prepaid expenses is easier than you think if you have the right tools at your disposal. But to do it… you need to accurately maintain the record of all prepaid expenses on your computer for an 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
As we go through the example, I’ll teach you hands-on techniques to maintain a robust prepaid expenses schedule that will help you accurately determine:
-
The portion of prepaid expenses to be charged to the 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)
-
How to allocate prepaid expenditures each month to various divisions or cost centers accurately (using Power Query and Pivot tables) with just few clicks (fully automated approach)
-
How to make sure that prepaid expenditure GL (balance sheet) is accurately maintained (cross checking integrity of GL entries to detect and prevent errors and frauds)
And I teach you all of this using Microsoft Excel!
Not only will I give you the models I’ve built, but also help you improve your ability to use the various functions of Excel:
-
IF Function (nested IF)
-
Date Functions
-
Lookup and Match Function
-
Named Ranges
-
Data validation
-
Array Formulas
-
And much more
Once you have a solid grasp of those, I’ll show you how to combine the above functions to create powerful formulas!
It doesn’t stop there…
We’ll use Power Query (Get and Transform) and Pivot Tables as well!
And we’ll even cover some 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.
Your co-workers and your boss will be very impressed when you show up with these new skills! For the price I have it at… it’s worth every penny!
Don’t wait to improve your understanding of prepaid expenses and become an Excel guru! Enroll today to get started!
Pre-requisites
- Basics of Double Entry Accounting System
- Basics of Microsoft Excel (also basics of Pivot Tables)
- A Computer with Microsoft Excel Installed (preferably: 2007 or later versions)
Target Audience
- Any one who wants to learn Advanced modeling techniques and Tricks in Microsoft Excel
- Accountants who wants to efficiently manage their Prepaid Expenses and Balance Sheet Reconciliations
- Non-Accounting professional/Entrepreneurs who wants to estimate impact of Prepaid Expenses on their investment and Profit and Loss over fixed term
- Analysts /Auditors who want to audit effectively for Prepaid Expenses
- Business Budgets and Forecast Activities where prepaid expenses are crucial part of Balance Sheet and Income Statements
Curriculum 74 Lectures 05:53:24
-
Section 1 : Introduction
- Lecture 2 :
- Minimum Requirements for the Course
- Lecture 3 :
- Prepayments Introduction
-
Section 2 : Prepaid Expense Models (Resources)
- Lecture 1 :
- Month End Date Prepaid Expenses Amortization Calculation
- Lecture 2 :
- Exact Prepaid Expenses Payment Date Calculation
-
Section 3 : Accounting for Prepaid Expenses
- Lecture 1 :
- Prepaid Expenses (Prepayments) Accounting Definition
- Lecture 2 :
- Prepaid Expense Example (How Accounting works for Prepayments)
- Lecture 3 :
- Advantages and Disadvantages of Prepaid Expenses
-
Section 4 : Excel Formulas Detailed (Intro to three Excel Models)
- Lecture 1 :
- Intro to PRO Excel Models and Formulas
- Lecture 2 :
- Date Function
- Lecture 3 :
- EOMONTH Function
- Lecture 4 :
- DATEVALUE function
- Lecture 5 :
- IF Function
- Lecture 6 :
- IFS Function (Office 365 Only)
- Lecture 7 :
- VLOOKUP Function
- Lecture 8 :
- MATCH Function
- Lecture 9 :
- INDIRECT Function
- Lecture 10 :
- NAMED Ranges (Name Manager)
- Lecture 11 :
- Advanced Version of VLOOKUP Function (All other formulas combined)
-
Section 5 : Formula based Prepaid Expenses Model (Schedule)
- Lecture 1 :
- Introduction to Model and Control Panel Tab (Important Sheet Tab)
- Lecture 2 :
- Formula Based Prepaid Expenses Model - Deep Dive (Part 1)
- Lecture 3 :
- Formula Based Prepaid Expenses Model - Deep Dive (Part 2)
- Lecture 4 :
- Formula Based Prepaid Expenses Model - Deep Dive (Part 3)
- Lecture 5 :
- IFS Function - Month End date Prepayment calculation
- Lecture 6 :
- Prepaid Expenses - Closing Balance Summary Tab (Formula Based Summary)
- Lecture 7 :
- Protecting Formulas Cells and Fields in the Model
-
Section 6 : Calculate Prepaid Expenses Amortisation from Exact Start date (Prepayment Date)
- Lecture 1 :
- Exact Date Prepaid Amorisation calculation Intro
- Lecture 2 :
- Formulas update and Model Changes for Exact Prepaid Exps Calculation
- Lecture 3 :
- Formulas Update for Exact Date Prepaid Exps Amortisation (Part 1)
- Lecture 4 :
- Formulas Update for Exact Date Prepaid Exps Amortisation (Part 2)
- Lecture 5 :
- Formulas Update for Exact Date Prepaid Exps Amortisation (Part 3)
- Lecture 6 :
- Formulas Update for Exact Date Prepaid Exps Amortisation (Part 4)
- Lecture 7 :
- IFS Function - Exact Date Prepayments Amortisation
- Lecture 8 :
- Data Validation Controls (Enhancing Data Input Controls with Protection
- Lecture 9 :
- Bonus Prepayment Model with Opening Balance-1
- Lecture 10 :
- Bonus Prepayment Model with Opening Balance-2
-
Section 7 : Prepaid Expenses Summary with Power Query and Pivot Table
- Lecture 1 :
- Power Query and Pivot Table Prepayment Summary Table Intro
- Lecture 2 :
- Power Query and Pivot Table Summary - Deep Dive (Part 1)
- Lecture 3 :
- Power Query and Pivot Table Summary - Deep Dive (Part 2)
- Lecture 4 :
- Power Query and Pivot Table Summary - Deep Dive (Part 3)
- Lecture 5 :
- Using Array Formulas to Add Formula Protection
- Lecture 6 :
- Bonus Allocation Intro -1
- Lecture 7 :
- Bonus Allocation Walk -2
- Lecture 8 :
- New Version Power Query and PT Model
- Lecture 9 :
- Power Query and Pivot Table Summary - Deep Dive (Part 4)
-
Section 8 : Advanced VBA Prepaid Expenses Amortisation Model
- Lecture 1 :
- Changing Macros Security in Excel
- Lecture 2 :
- Complete Walkthrough - Advanced VBA Prepaid Expenses Amortisation Model
- Lecture 3 :
- Bonus New Version - Excel VBA Model
-
Section 9 : BONUS Dynamic Dashboard for Divisional Profit and Loss statements (Easy way)
- Lecture 1 :
- Dynamic Dashboard Overview
- Lecture 2 :
- Importing Profit and Loss Statements Source Files and creating YTD P&L Sheets
- Lecture 3 :
- Creating Dynamic Data Validation
- Lecture 4 :
- Creating Named Ranges for Dynamic Table Arrays (to be used in VLOOKUP Function
- Lecture 5 :
- Dynamic Date Column Headings for each Divisional PL Table
- Lecture 6 :
- Dynamic Month and YTD Dashboard tables headings (PRO TIP)
- Lecture 7 :
- Dynamic VLOOKUP Formula - Preparing First section of the Dashboard
- Lecture 8 :
- Creating Rolling Dashboard with Dynamic VLOOKUP Function
- Lecture 9 :
- IMPORTANT : Error Checking for your reports/Dashboard (PRO TIP)
- Lecture 10 :
- Data Prep for Visualization: AREA Charts (Awesome trick using #NA Function)
- Lecture 11 :
- Visualization: AREA Charts for Month - Revenue, Gross Profit and Net Profit
- Lecture 12 :
- Visualization: DONUT Charts : Revenue, Gross Profit and Net Profit (Part 1)
- Lecture 13 :
- Visualization: DONUT Charts: Revenue, Gross Profit and Net Profit (Part 2)
-
Section 10 : Power Query & Pivot Tables based Dashboard without any Formulas, Fully Dynamic
- Lecture 1 :
- Introduction - Formula-less Dashboard - Fully Dynamic and easily refreshed
- Lecture 2 :
- Understanding the data files before building dashboard
- Lecture 3 :
- Consolidating Reports with Power Query (Get & Transform) , How to install PQ
- Lecture 4 :
- Dynamic File Path Trick in Power Query with Parameters (Amazing trick)
- Lecture 5 :
- Conditional Cumulative totals with SUMIFS Function
- Lecture 6 :
- Dashboard Creation - Pivot Table showing Month and YTD KPIs division wise
- Lecture 7 :
- Dashboard Creation Donuts Charts linked with Pivot Table (Replicate Charts fast
- Lecture 8 :
- Dashboard Creation - Line Charts
- Lecture 9 :
- Update Dashboard with Additional Divisional Data with Few Click (Magical)
- Lecture 10 :
- Conditional Cumulative totals with M Code
-
Section 11 : Thank you
- Lecture 1 :
- Thank you
- Lecture 2 :
- Bonus Lecture
- Lecture 3 :
- Ultimate Prepaid Expenditure Model (Super Bonus)
Our learners work at
Frequently Asked Questions
-
How do i access the course after purchase?
It's simple. When you sign up, you'll immediately have unlimited viewing of thousands of expert courses, paths to guide your learning, tools to measure your skills and hands-on resources like exercise files. There’s no limit on what you can learn and you can cancel at any time. -
Are these video based online self-learning courses?
Yes. All of the courses comes with online video based lectures created by certified instructors. Instructors have crafted these courses with a blend of high quality interactive videos, lectures, quizzes & real world projects to give you an indepth knowledge about the topic. -
Can i play & pause the course as per my convenience?
Yes absolutely & thats one of the advantage of self-paced courses. You can anytime pause or resume the course & come back & forth from one lecture to another lecture, play the videos mulitple times & so on. -
How do i contact the instructor for any doubts or questions?
Most of these courses have general questions & answers already covered within the course lectures. However, if you need any further help from the instructor, you can use the inbuilt Chat with Instructor option to send a message to an instructor & they will reply you within 24 hours. You can ask as many questions as you want. -
Do i need a pc to access the course or can i do it on mobile & tablet as well?
Brilliant question? Isn't it? You can access the courses on any device like PC, Mobile, Tablet & even on a smart tv. For mobile & a tablet you can download the Learnfly android or an iOS app. If mobile app is not available in your country, you can access the course directly by visting our website, its fully mobile friendly. -
Do i get any certificate for the courses?
Yes. Once you complete any course on our platform along with provided assessments by the instructor, you will be eligble to get certificate of course completion.
-
For how long can i access my course on the platform?
You require an active subscription to access courses on our platform. If your subscription is active, you can access any course on our platform with no restrictions. -
Is there any free trial?
Currently, we do not offer any free trial. -
Can i cancel anytime?
Yes, you can cancel your subscription at any time. Your subscription will auto-renew until you cancel, but why would you want to?
Instructor
238798 Course Views
3 Courses
