Excel: Creating Business Budgets by Joshua Rischin

Excel: Creating Business Budgets by Joshua Rischin

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Description

A sound business budget can help you effectively manage resources as your organization changes and grows. Microsoft Excel is uniquely suited to the task of business budgeting, as it boasts a slew of features that make it easy to create budget models, as well as apply ongoing updates as your business evolves. In this course, Joshua Rischin shows business owners, managers, and their staff how to use Excel to design, create, and maintain robust business budgets. Joshua demonstrates how to use an Excel model to build business budgets in a logical and structured manner, as well as how to forecast income and expenses based on various scenarios. He also shows how to collate inputs from various sources to create structured Excel input sheets, visualize your projected results, prepare summary reports, and more.
Topics include:
Designing the optimal Excel workbook
Cost and revenue drivers and why they’re important
Linking revenue scenarios with input costs
Building the business budget model
Analyzing and interpreting results
Applying data validation to control inputs
Preparing concise reports
Using basic Excel formulas to streamline ongoing updates to the model

Business online course

Information about business:

Business is the activity of making one’s living or making money by producing or buying and selling products (such as goods and services).
[need quotation to verify] Simply put, it is “any activity or enterprise entered into for profit.
It does not mean it is a company, a corporation, partnership, or have any such formal organization, but it can range from a street peddler to General Motors.”

Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business.
If the business acquires debts, the creditors can go after the owner’s personal possessions.
A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business.