MS Excel can be a wonderful tool for carrying out umpteen functions

Mastering MS Excel formulas and functions can make a miracle out of this program. When used optimally, MS Excel can be a wonderful tool for carrying out umpteen functions and optimizing work related to a number of departments. For example, the Accounts Department can do a number of important functions such as loan repayment calculation, generating a profit and loss statement, solve complex mathematical and engineering problems, and carry out anything that involves addition, subtraction, multiplication and other functions with utmost ease.

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This is because MS Excel has a number of built-in tools. If a user knows how to use these; it could be a real blessing, because it carries out a number of complex tasks at the touch of a button. The user of MS Excel only needs to know how to use these functions. The features range from simple sum and average to the IF and VLOOKUP functions.

Goes beyond calculating and arriving at data

The major advantage of maximizing the use of MS Excel is that it saves lots and lots of time for the user. Be it a student or an accounts executive; MS Excel helps them to make the best use of time, as they will be required to spend a lot lesser time on functions since MS Excel does it for them.

Calculation of and arriving at data is not the only function MS Excel is capable of carrying out. Calculating someone’s exact age in days, combining text items from several cells into a single cell or converting a list of lower case text items to capital letters are just some of these. And what is MS Excel’s capability in relation to creating financial data and models? It is perfectly useful here, too.

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Discover the ways of optimizing the use of MS Excel

Want to understand how to make MS Excel work magically for you? Then, a webinar from Compliance4All, a leading provider of professional compliance for all areas of regulatory compliance, will show you how. The speaker at this extremely useful session is none other than Mike Thomas, a subject matter expert in a range of technologies including Microsoft Office and Apple Mac, who has worked in the IT training business since 1989.

From the time Mike founded theexceltrainer.co.uk; he has produced nearly 200 written and video-based Excel tutorials. To be able to make your MS Excel a much more efficient program and help it save you enormous time and resources; please get the most out of the learning from this webinar by enrolling for it at Creating complex functions the easy way

1ec5ef5b-96a1-4353-96c2-c9a26ad2adc5This session is ideally suited for any Excel user who needs to go beyond the basics of using formulas or simply wants to become more comfortable and productive in using Excel formulas and functions. Any Excel user who deals with large lists needs these tools and techniques to effectively manage the lists and become more productive. This program can be a good fit for anyone who is above the entry level.

Mike will cover the following areas at this webinar:

  • Creating formulas to perform mathematical calculations
  • Copying formulas and the difference between absolute and relative references
  • Assigning names to cells and using them in formulas
  • Using functions to combine text strings from multiple cells
  • Using functions to change text from lowercase to uppercase and vice versa
  • Using functions to perform calculations on dates and times
  • Using the IF function to automate data entry
  • The VLOOKUP function
  • Creating complex functions the easy way.

Challenges to analyzing financial statements

Analysis of financial statements, or Financial Statement Analysis or FSA, as the discipline is called, is the application of one’s analytical ability into understanding the financial statements of a company. This analysis is made to get insights into how the company has been performing financially over a defined period of time. Based on this understanding, financial analysts make forecasts of how the company is expected to perform in the future, based on certain parameters.

Financial experts get down to understanding the way in which one of the company’s most vital ingredients, finance, is performing. FSAs are the most truthful indication of not just how the company has been performing, but also how its performance is going to lead the company in the future. Being an important tool in analyzing the financial health of the company; FSAs reflect the financial state of the company. These statements help the management decide on the company’s future decision-making relating to investment.

Viewed by many stakeholders

Financial statements are critical statements from a company. They are viewed and analyzed by a number of internal and external sources. While the company’s board of directors, management, and employees belong to the group of people who analyze FSA’s internally; customers, shareholders, banks, lending institutions, the general public and the government are some of the external analysts of FSAs.

Financial experts analyze FSAs in two important manners: Horizontal and Vertical. At their barest, horizontal analysis represents the history of the company’s financial performance over a varied period of time, while vertical analysis is made of a fixed period of time.

Types of Financial Statement Analysis 

Ratio analysis

Ratio analysis is one of the important techniques of Financial Statement Analysis. It is the analysis of how the company has performed in core areas of its business.

DuPont analysis

Another important analysis tool of Financial Statement Analysis is what is called DuPont analysis. It extends the ratio analysis method by taking note of the areas of strengths and weaknesses in the company’s financial statements. It breaks up the aspects of the company’s financial statements into the sources, such as equity, investments or others, from which the company is earning its revenues.

Challenges in Financial Statement Analysis

Financial Statement Analysis comes with its challenges. Financial Statement Analysis works in a vacuum. There is no theory or point of reference to which the Financial Statement Analysis is made. It is based purely on each situation, and is thus vulnerable to extreme volatility in the analysis. The fact that a company’s Financial Statement Analysis is positive in a certain situation under certain factors is no indication of how it would be in the future, in different situations. There are too many large variables involved in Financial Statement Analysis.

When a company is operating a number of businesses; it is difficult to evaluate the performance of each of the businesses, especially if the businesses are diverse. There are no fixed parameters to judge the performance of each of them.

Also, when accounting practices change; the whole character of Financial Statement Analysis undergoes a metamorphosis. This makes it necessary to completely redraw the practice of Financial Statement Analysis.

Financial Statement Analysis is not always accurate in analyzing the strengths or weaknesses of many of the company’s intangible resources.

Get to understand the ways in which Financial Statement Analysis works

A complete understanding of Financial Statement Analysis, with a clear definition of the challenges involved in this practice, will be given at a webinar that is being organized by Compliance4All, a leading provider of professional trainings for all the areas of regulatory compliance. At this webinar, Kevin Chenoweth, who has expertise in designing project plans for multi-million dollar Oracle R12 financial leading to under budget and on-schedule projects, will be the speaker.

To get insights into the challenges involved in Financial Statement Analysis; please enroll for this webinar by visiting Financial Statements & Valuation

Kevin Chenoweth will cover both the telecommunication and technology industries at this session, and will show how company operations can be improved. He will also offer recommendations on trend and ratio analysis as applicable to diversified industries. He will also help participants evaluate sales trends and develop ways to increase sales.

He will deconstruct financial statements and help identify key drivers of organic and inorganic growth. This session is of high value to those involved in Financial Statement Analysis, such as Accounting Staff, Finance Staff, IT Staff, Sales & Development Staff, Business Directors, Auditors, Company/Business Owners, and Finance Managers.

The following areas will be covered at this webinar:

o  DuPont Analysis

o  Cash to Cash Cycle

o  Real Options for Decision Making

o  Understanding organic and inorganic growth

o  Ratio and Trend Analysis

o  Quantitative and Qualitative Analysis.

Learn how to future-proof VLOOKUP by using Excel’s Table feature versus referencing static ranges

Professionals in a wide number of industries and businesses find the VLOOKUP function in Excel very useful. Why this is so is that it helps in locating an exact value. Using VLOOKUP, an MS Excel user can find a specific piece of information in the spreadsheet. This is very useful when there are very many values in a grid. In other words, the VLOOKUP function is ideal for locating an exact one from among a number of values. Using VLOOKUP, users can return data from other locations in a worksheet.

An indication of the functions that VLOOKUP performs can be had from its expansion, which is Vertical Lookup. It works by searching for the specific item in a vertical manner. As opposed to normal values that can be performed manually; VLOOKUP function helps users to go further by enabling them to perform more complex tasks such as unit sales for a period of time at a certain price or its variables.

If the user wants to calculate the unit sales of say, a clothing material from one date to another at a certain price; VLOOKUP is extremely handy. This can be expanded to any number of brands sold by the business for any date or unit price, which is why this function is considered very useful.

We can understand the VLOOKUP function in MS Excel by drawing a parallel with “Control F”, or the “find” function in MS Word. In MS Word, it is possible to use this function to go to the exact word, whereas using VLOOKUP; the user can get down to much more, like the entire object’s associated values.

Get professional help to understand VLOOKUP better

An exploration of this function is best made with expert help. At a webinar that is being organized by Compliance4All, a leading provider of professional trainings for all the areas of regulatory compliance; Excel expert David Ringstrom, CPA, will explain the way in which this program can be tweaked. David Ringstrom is a nationally recognized instructor who designs and teaches Excel courses that are based on over 25 years of consulting and teaching experience. To gain the benefit of experience that David brings into MS Excel, please register for this webinar by logging on to http://www.compliance4all.com/control/w_product/~product_id=501297LIVE?Wordpress-SEO

What makes this presentation different is that the presenter will demonstrate every technique at least twice: first, on a PowerPoint slide with numbered steps, and second, in Excel 2016. He will explain the differences in Excel 2013, 2010, or 2007 both during the presentation as well as in his detailed handouts. David will also give participants an Excel workbook that will include nearly all the examples he will be using during the webinar.

Alternatives to VLOOKUP do exist

However, using VLOOKUP isn’t always the most efficient approach. Hence, David will explain alternatives such as the INDEX and MATCH, SUMIF, SUMIFS, SUMPRODUCT, IFNA, and OFFSET functions. He will explain the limitations of VLOOKUP. In addition, he will also help participants understand the ways of future-proofing VLOOKUP by using Excel’s Table feature versus referencing static ranges.

One of the major gains of this learning session is that the participants will be able to improve the integrity of their spreadsheets with Excel’s VLOOKUP function. In addition to helping participants learn the ways of performing dual look-ups; the speaker will also help them get clarity on the user actions that can trigger #REF! errors. Participants will be able to use the IFERROR function to display something other than an #N/A error value when VLOOKUP can’t find a match.

He will cover the following areas at this webinar:

o  Future-proofing VLOOKUP by using Excel’s Table feature versus referencing static ranges

o  Using the SUMIF function to summarize data based on a single criterion

o  Learning why the INDEX and MATCH combination often is superior to VLOOKUP or HLOOKUP

o  Using the MATCH function to find the position of an item on a list

o  Using the IFERROR function to display something other than an #N/A error value when VLOOKUP can’t find a match

o  Improving the integrity of spreadsheets with Excel’s VLOOKUP function

o  Learning about the IFNA function available in Excel 2013 and later

o  Using the SUMIFS function to sum values based on multiple criteria

o  Using VLOOKUP to perform approximate matches

o  Seeing what types of user actions can trigger #REF errors

o  Performing dual lookups, which allow you to look across columns and down rows to cross-reference the data you need.

Analyzing financial statements is an indispensable insight for managers

Financial statements are the ultimate indicator of a company’s financial health. Number crunching is a very important exercise that all executives at all levels of an organization need to be familiar with. Yet, given the heavy jargon that goes into financial statements and the complexity most of them have; many managers feel put off and don’t generally like to pore over financial statements.

The company’s financial statement is intended to provide insights into the most important aspect of the business –the financial one –to managers and executives at all levels and in all disciplines. Marketing, finance, HR, customer service, and sales need financial statements to get a grasp of and gain perspective of the financial health of the organization.

Financial statements are critical for helping understand the business

Despite financial statements being the surest indicator of the most important aspect of any business organization –Finance –most managers lack the perceptiveness needed to understand and analyze the meaning of numbers. It is often that they devote some much time to running their business that the priority that needs to be accorded to understanding financial statements gets buried and takes a backseat.

A perceptive analysis of financial statements is the foundation to getting the business in order. Wading through the numbers helps the organization to dig into the market trends, understand where they are getting it right or wrong, and then use financial statements to draw proper conclusions and take appropriate action. It is important to understand financial statements for another critical reason: The competition should not understand our financial statements faster and better than we do!

Trend and ration analysis of financial statements

But how does one make sense of heaps and heaps of seemingly unintelligible numbers? Numbers in themselves, without the necessary nous to decipher them, make little sense to any executive. A few techniques do exist to help understand the meaning of numbers. An effective model for assessing the financial condition and results of operations of any business is that of using trend and ratio analysis. Getting a grasp of this model will empower financial and other executive teams to derive the maximum benefit that accrues from a crystal clear understanding of financial statements.

Imparting this understanding is the intent of a webinar that is being organized by Compliance4All, a leading provider of professional trainings for all areas of regulatory compliance. Miles Hutchinson, an experienced CGMA and business adviser, will be the speaker at this session.

In easily comprehensible terms, he will explain how participants can imbibe the sagacity needed to quickly and thoroughly analyze the financial condition and results of operations of any publicly traded company. All that is needed to gain this highly useful understanding of financial statements is to register for this webinar by logging on to

http://www.compliance4all.com/control/w_product/~product_id=501197LIVE?wordpress-SEO

Attending this highly useful session on financial statements gives Financial Executives, HR Managers, Accounting Managers, Department Managers, and Business Unit Managers the ability to discern numbers and help understand where these numbers lead the organization to.

These are the areas this webinar on financial statements will cover:

o  Review the components of the annual report of a prominent publicly traded company and learn how to use this wealth of information

o  Use the annual report to perform a fundamental financial analysis

o  Learn the various types of financial analysis and their purpose

o  Learn the key ratios to evaluate a company’s liquidity, leverage and operating performance

o  Identify the key benchmarks to help determine whether a company’s ratios are in line with competitors

o  Understand horizontal and vertical analysis and how they can be used to identify key trends

o  Bonus: receive our advanced excel hosted financial model complete with all ratios, horizontal and vertical analysis

o  Use our model to perform financial analysis on other company financial statements, including yours

o  Receive benchmark information to use in determining the quality of your analyses

Learn about resources available to perform comparative studies between companies in the same economic sector – even private companies.

Optimizing the use of Microsoft Outlook

From the time of its introduction by Microsoft in the late 1990’s, Microsoft Outlook has been a standard package for innumerable organizations around the world. Part of the world famous Microsoft Office system, Microsoft Outlook is a very popular personal information manager.

In the two decades of its launch, Microsoft Outlook has undergone various improvements. The additions that are made to it are aimed at improving user experience and adding features that go on to make it more useful for users.

Needs to be put to full use

Despite its being in the market for such a long time, many users do not know the full extent to which Microsoft Outlook can be put. When explored fully, Microsoft Outlook offers a bouquet of features that go beyond just sending and receiving mails and making appointments on the calendar.

The ways of optimizing Microsoft Outlook for office use and making it a more useful personal information manager will be the content of a webinar that is being organized by Compliance4All, a leading provider of very cost-effective professional trainings in all the areas of regulatory compliance.

Understand the ways of optimizing the use of Microsoft Outlook

At this webinar, Mike Thomas, a subject matter expert in a range of technologies including Microsoft Office and Apple Mac, who is a Fellow of The Learning and Performance Institute and has worked with and for a large number of global and UK-based companies and organizations across a diverse range of sectors, will be the speaker.

To get a better understanding of how to put your Microsoft Outlook package to much better use, please register for this webinar by logging on to

http://www.compliance4all.com/control/w_product/~product_id=501148LIVE?Wordpress-SEO

Control Microsoft Outlook; don’t let it control you

Mike will offer simple and easy guidance on how to put Microsoft Outlook to far greater use than people are normally used to. Microsoft Outlook. The point about Microsoft Outlook is that if it is put to the right use, it facilitates a number of functions that the user will find thorough useful and beneficial.

If it is not, Microsoft Outlook has the potential to throw the user’s work schedule into disorder, as many of its functions can confuse the user who does not know how to use it to the maximum.

Mike will show participants of this webinar the simple way of controlling Microsoft Outlook, rather than letting Microsoft Outlook control the user. He will cover the following areas at this session:

o  The 4D’s of email management

o  Configure Outlook for distraction free productivity

o  How to use Rules to automate email processing

o  How to use Quick Steps to automate a series of actions

o  The benefits of Tables

o  Creating data visualizations using Shapes and SmartArt

o  Converting emails into Tasks

o  Using Categories to tag emails, calendar items and Tasks

o  Using Views to display information in a way that suits you.

DoE helps in optimizing processes and output in a number of ways

Design of Experiments (DoE) is defined as a systematized means with which the factors that go into a process and its intended output can be determined. DoE makes extensive use of statistical and experimentation means. DoE helps to optimize the processes of production in a number of environments in a huge range of industries.

The varied uses of DoE

DoE is useful in a number of applications. For instance, it:

o  Helps determine root cause, leading to quick and efficient ways of solving problems

o  Reduces R&D work

o  Optimizes Product Designs

o  Augments Manufacturing Processes

o  Hastens the development of Product or Process Specifications

o  Improves Quality, as well as reliability, of products.

DoE is thus a specialized discipline that needs to be exercised with training. Professionals who work in a number of industries can use the DoE process to optimize a number of processes and results, and thus enhance their bottom line.

Learn the elements of DoE

In order to help professionals derive the best out of DoE; Compliance4All, a leading provider of professional trainings for all the areas of regulatory compliance, is organizing a webinar. This webinar, which will be about the ways by which process behavior can be built and optimized using DoE, will have the well-known and highly experienced expert on statistics, Steven Wachs, as speaker.

Steven, with over 25 years as a statistician, has had extensive experience in the development of statistical models, reliability analysis, designed experimentation, and statistical process control. In his current position as a Principal Statistician at Integral Concepts, Inc., he assists manufacturers in the application of statistical methods to reduce variation and improve quality and productivity.

To enroll for this webinar, just log on to http://www.compliance4all.com/control/w_product/~product_id=500987LIVE/

Get a clear understanding of key concepts behind DoE

At this webinar, Steven will review the key concepts behind Design of Experiments and present a strategy that participants can use to utilize sequential experiments that helps to understand and model a process efficiently and effectively. He will present the various kinds of experiments and their applications.

The appropriate means to screen and optimize experiments, as well as an understanding of mixtures/formulations will be covered at this session. Other important techniques in experimental design, such as replication, blocking, and randomization, will also be covered at this session. Stave will also present a case study that involves optimizing a manufacturing process using multiple responses.

Outcomes

By attending this webinar, participants will be able to achieve the following objectives concerning DoE:

o   Learn a methodology to perform experiments in an optimal fashion

o  Review the common types of experimental designs and important techniques

o  Develop predictive models to describe the effects that variables have on one or more responses

o  Utilize predictive models to develop optimal solutions

The right way of choosing sample sizes based on valid statistical rationale

Performing at least some verification testings or validation studies of design-outputs and/or manufacturing processes is essential for almost all manufacturing and development companies. Yet, it is sometimes difficult to explain the rationale that goes into the selection of the sample sizes used in such efforts.

Removing this doubt and showing participants a way out of this quandary will be the content of a webinar that Compliance4All, a leading provider of professional trainings for all areas of regulatory compliance, will be organising. To understand the rationale for the selection of these sample sizes; just log on to http://bit.ly/2cObvdM

This webinar explains the logic behind sample-size choice for several statistical methods that are commonly used in verification or validation efforts, and will describe how to express a valid statistical justification for a chosen sample size.

The speaker at this webinar, John N. Zorich, who has spent 35 years in the medical device manufacturing industry, will offer the all-important guidance on how to justify such sample sizes. This will lead indirectly to guidance on how to choose sample sizes.

The justification for choosing a suitable sample:

He will also offer an explanation of the justifications for the section of such sample sizes and give an understanding of the ways by which to document them in Protocols or regulatory submissions. This can also be shared to regulatory auditors who may ask for them during a company’s onsite audits. Overall, this learning session will help participants understand ways by which to avoid regulatory delays in product approvals and to prevent an auditor from issuing them a nonconformity notice.

Point to note:

Participants of this webinar, however, are requested to note that this webinar does not address rationales for sample sizes used in clinical trials.

This webinar will discuss the following statistical methods:

o  Confidence intervals

o  Process Control Charts

o  Process Capability Indices

o  Confidence / Reliability Calculations

o  MTBF Studies (“Mean Time Between Failures” of electronic equipment)

o  QC Sampling Plans

John Zorich will cover the following areas at this session:

  • Introduction
  • Examples of regulatory requirements related to sample size rationale
  • Sample versus Population
  • Statistic versus Parameter
  • Rationales for sample size choices when using…
  • Confidence Intervals
  • Attribute data
  • Variables data
  • Statistical Process Control C harts (e.g., XbarR)
  • Process Capability Indices (e.g., Cpk )
  • Confidence/Reliability Calculation
  • Attribute data
  • Variables data (e.g., K-tables)
  • Significance Tests ( using t-Tests as an example )
  • When the “significance” is the desired outcome
  • When “non-significance” is the desired outcome (i.e., “Power” analysis)
  • AQL sampling plans

Examples of statistically valid “Sample-Size Rationale” statements