About This Course

The course is presented in four parts. 

First, the course introduces a business case of an “accounting” model that unintentionally includes all the hurdles to prevent fast data entry. The model takes a staff 1+ hour to update 1 vessel file, and what’s worse, it takes over 2 hours to generate an up-to-date Status Report for a fleet of 60 vessels!

Next, the course will demonstrate how the author has overhauled the old model so that it:

  • Reduces the data entry and report time from 1 hour to 1 min, and 
  • Reduces the integration time from 2 hours to 2 minutes!

Third, we draw a line between when to data entry and when not to. Generally speaking, we need to avoid data entry as much as possible, thanks to the technologies. However, if you do need data entry, only enter data at a minimum with the remaining filled in from data extracts.

Fourth, we demonstrate the 7 Dos and Don’ts in data entry, reporting, and validations. Some of the best practices are:

  • Do not enter data in a summary table, making it hard to update
  • Do not enter invoice details in a cell note, resulting in double entry
  • Do not apply accounting debits or credits in entry form, which may confuse data entry clerks
  • Do not summarize on moving targets 

Last, the course illustrates some advanced modeling skills on:

  • How to build validation and auditing checks
  • How to quickly set up links to 60 vessel files

Prerequisites and Advanced Preparation

  • Basic Excel knowledge. Example: be able to open one Excel file and connect to external data files, etc.

Learning Objectives

  • Master the best practices of designing, modeling and validating an accounting model
  • Recognize when to data entry and when not to
  • Understand 4 best practices in building a data entry model
  • Identify 2 best practices in building an accounting summary model
  • Discover methods to build validation and auditing functionality into your models

Our Promise to You

By the end of this course, you will have learned Excel model makeover.

30 Day Money Back Guarantee. If you are unsatisfied for any reason, simply contact us and we’ll give you a full refund. No questions asked.

Get started today and learn more about Excel modeling.

Course Curriculum

Section 1 - Introduction And Overview
Introduction 00:00:00
Real Business Case: Charter Hire Overview 00:00:00
Before And After The Makeover 00:00:00
Your Instructor 00:00:00
Comparison With Other Courses 00:00:00
What You Get From This Course 00:00:00
Downloadable – Exercises 00:00:00
Downloadable – Source Files 00:00:00
Section 2 - Data Entry Best Practices
The Basics 00:00:00
Data Entry Modeling Best Practice 1 00:00:00
Data Entry Modeling Best Practice 2 00:00:00
Data Entry Modeling Best Practice 3 00:00:00
Data Entry Modeling Best Practice 4 00:00:00
Data Entry Reporting Best Practice 5 00:00:00
Data Entry Reporting Best Practice 6 00:00:00
Data Entry Validation Best Practice 7 00:00:00
Section 3 - Advanced Modeling Techniques
Advanced Modeling Technique 1 00:00:00
Advanced Modeling Technique 2 00:00:00
Advanced Modeling Technique 3 00:00:00
Summary: Comparison Of Old Model And Makeover Model 00:00:00
Section 4 - Course Takeaways
Takeaways 00:00:00
Next Course 00:00:00
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