After you decide on your budget projections for the coming year, you need to…build those projections into your Excel workbook.…You can use scenarios to store those projections and apply them without creating…multiple sets of similar data within a worksheet.…First I'll show you how to create a scenario.…In this case let's say that I'm anticipating a smaller value for…Accounts Receivable.…To create the Scenario I click the Data tab, click What-If Analysis and open…the Scenario Manager.…
Click Add and now I can type-in a scenario name.…And I'll just say LowAR, meaning Accounts Receivable.…I selected the cell that I wanted to change, cell D8.…And now that everything looks correct I can click OK.…And now I have the opportunity to change the value in cell D8.…Let's say that instead of 800,000 let's say that I have 700,000.…I can click OK to create the scenario and go back to the main Scenario Manager…dialog box, or I can click Add and add a new scenario.…
This time I am just going to click OK and go back to the Scenario Manager.…
Author
Curt Frye
Released
6/16/2010- Tracking income and expenses by category and contract
- Using balance sheets
- Designing worksheets to assist decision making
- Creating income statements
- Calculating loans payments and interest
- Creating cell references to other worksheets
- Summarizing data in a chart
- Building alternative budget scenarios
Skill Level Intermediate
Duration
Views
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Introduction
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Welcome1m 1s
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1. Managing Cash on Hand
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2. Calculating Loan Repayments
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3. Budgeting Using Financial Statements
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4. Managing Budgets
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5. Defining Alternative Budget Scenarios
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Summarizing scenarios2m 18s
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Conclusion
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Goodbye16s
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Video: Creating and applying scenarios