Financial Modelling: Business Simulation

by Ross Maynard

Updated for 2024. Did you know Excel can be used to model potential business situations? In this course, you can learn the basics of business simulation in Excel, along with how to create financial models to aid decision making.

price £75+vat
cpd hours 4 CPD hours
access 120 days' access

This course will enable you to

  • Understand the basics of business simulation in Excel
  • Use Excel to create cost-efficient, effective business simulations
  • Understand what constitutes good data, and how to properly analyse it
  • Learn how to set up queuing simulations, and their importance
  • Gain an understanding of financial models and the value they provide

About the course

As accountants, we use Microsoft Excel all the time. But have you ever used Excel to simulate potential real-world business situations? Often, we assume more sophisticated and expensive software is required, but Excel can often be the more cost-effective and efficient choice.

This course takes you through the basics of modelling and business simulation in Excel, and guides you through building some of the illuminating options available to you. It also looks at the importance of collecting good data for analysis and explores how to set up queuing simulations and financial models to aid decision making.

Look inside

imac
slide-1
slide-2
slide-3
slide-4
slide-5
slide-1-thumbnail
slide-2-thumbnail
slide-3-thumbnail
slide-4-thumbnail
slide-5-thumbnail

Contents

  • The basics
    • What is business simulation?
    • Business simulation with Excel
    • The principles of business simulation
    • Types of business simulation
    • The dangers of simulations in Excel
  • Getting started
    • How to begin
    • Identifying stakeholders
    • Agreeing on the question
    • Planning the data
    • Using data
    • Understanding Kali's Korner
    • Understanding Bobby Bingo
  • Better data, better results
    • Using real data
    • Returning to Kali's Korner
    • "Forecast Sheet" function
    • Normal distribution
    • Determining whether data is normally distributed
    • Examining the characteristics of a data sample
    • How to show if a set of data is normally distributed
    • Selecting data using a normal distribution
    • Understanding the Grange Hotel Restaurant
  • Queuing and waiting
    • Simulating queues
    • Challenges in queuing
    • Generating random events from a Poisson distribution
    • Using a Poisson distribution
    • Understanding Trumpton Town Zoo
    • Understanding the petting zoo
    • Understanding the digibox
  • Financial modelling
    • Simulation in financial models
    • Modelling input costs
    • Qualectro and input cost modelling
    • Modelling customer demand in a simulation
    • Using a Poisson distribution to model customer demand
    • Understanding Qualectro
    • Understanding the SupaScoota
    • Final thoughts

How it works

Author

Ross Maynard

Ross has worked as a consultant and trainer for over 20 years, specialising in finance processes, management information and performance measurement. He supports organisations to understand their processes; facilitates improvement teams; and supports staff to work together as a team to deliver tangible and sustainable improvements.

Reviews

Recommended

Why not upgrade?

Find the best way to complete your CPD

Course

Need just a few unitshourshours?

Pick n Mix

All you need for this year's CPD.

Licence

All you need for this year and more.

Team

Keep your whole team up to date.

Access to this course
Total CPD unitshourshours4 unitshourshours21 units20 hours21 hours800+ unitshourshours800+ unitshourshours
Access period120 days120 days12 months12+ months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your teamís needs
Learn moreLearn moreLearn more
Recommended

Why not upgrade?

Find the best way to complete your CPD

Licence

All you need for this year and more.

Access to this course
Total CPD unitshourshours800+ unitshourshours
Access period12 months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Why not upgrade?

Find the best way to complete your CPD

Course

Need just a few unitshourshours?

Access to this course
Total CPD unitshourshours4 unitshourshours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs

Why not upgrade?

Find the best way to complete your CPD

Pick n Mix

All you need for this year's CPD.

Access to this course
Total CPD unitshourshours21 units20 hours21 hours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Why not upgrade?

Find the best way to complete your CPD

Team

Keep your whole team up to date.

Access to this course
Total CPD unitshourshours800+ unitshourshours
Access period12+ months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Why not upgrade?

Find the best way to complete your CPD

Licence

Recommended

All you need for this year and more.

Access to this course
Total CPD unitshourshours800+ unitshourshours
Access period12 months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Course

Need just a few unitshourshours?

Access to this course
Total CPD unitshourshours4 unitshourshours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs

Pick n Mix

All you need for this year's CPD.

Access to this course
Total CPD unitshourshours21 units20 hours21 hours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Team

Keep your whole team up to date.

Access to this course
Total CPD unitshourshours800+ unitshourshours
Access period12+ months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

You might also like

Take a look at some of our bestselling courses