Building Effective Budget Spreadsheets in Excel (Completed)

Date: Thursday, July 30, 2020
Instructor: David H. Ringstrom
Begin Time:  9:00am Pacific Time
10:00am Mountain Time
11:00am Central Time
12:00pm Eastern Time
CPE Credit:  2 hours for CPAs

In this comprehensive presentation, Excel expert David Ringstrom, CPA, teaches you how to create resilient and easy-to-maintain budget spreadsheets. Among other techniques, David shows you how to separate inputs from calculations, build out a separate calculations spreadsheet, create both an operating and a cash flow budget, transform filtering tasks, and preserve key formulas.

David demonstrates every technique at least twice: first, on a PowerPoint slide with numbered steps, and second, in the subscription-based Office 365 version of Excel. 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.

Office 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.

Who Should Attend
Practitioners seeking to build budget spreadsheets that can be updated effortlessly and contain easy-to-follow supporting calculations.

Topics Covered

  • Building operating budgets quickly based on detailed supporting schedules that provide an audit trail
  • Crafting formulas to compute gross margins, projected sales, commissions, and related amount
  • Improving the integrity of spreadsheets with Excel's VLOOKUP function
  • Building operating budgets quickly based on detailed supporting schedules that provide an audit trail
  • Protecting sensitive information by hiding formulas within an Excel workbook
  • Using range names to streamline formulas and bookmark key inputs within a workbook
  • Saving time by using the AutoSum formula to sum multiple columns at once with a mouse click or a keyboard shortcut
  • Employing the SUMIF function to sum values related to multiple instances of criteria you specify
  • Understanding why it's worthwhile to build out supporting schedules to break down calculations used in budgets
  • Saving time writing formulas by choosing named ranges with the Use In Formula command
  • Preserving key formulas using hide and protect features

Learning Objectives

  • Describe how to isolate all user entries to an inputs worksheet, while protecting all calculations and budget schedules on additional worksheets
  • Identify and apply range names and the Table feature to create resilient and easy-to-maintain spreadsheets
  • Identify how to calculate borrowings from, and repayments toward, a working capital line of credit


Instructional Method
Group: Internet-based

NASBA Field of Study
Computer Software & Applications (2 hours)

Program Prerequisites
Experience with Excel Spreadsheets Recommended.

Advance Preparation

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