Business Simulation in Excel - eLearning

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As accountants, we're familiar with many of the features that Microsoft Excel has to offer, but did you know it can also be used to create business simulations? In this course, you can learn the basics of business simulation in Excel, along with how to create queuing simulations and financial models.


As accountants, we use Microsoft Excel all the time. But have you ever created a business simulation in Excel? Often, we assume more sophisticated and expensive software is required for business simulation, but Excel can often be the more cost-effective and efficient choice. 

This course takes you through the basics of business simulation in Excel and guides you through building some very illuminating simulations. 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. 

Upon satisfactory completion of this activity you will be able 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. 
  • Set up queuing simulations and understand their importance. 
  • Understand financial models and the value they provide. 

Applying the skills from this course you will be able to use simulations to experiment with different decisions and assess the likelihood of outcomes that may follow from different actions. 


Topic: Business Mindset

Sub-Topic: Information & Communication Technology

Format: eLearning

Proficiency Level: Foundation, Intermediate

CPD: Upto 4 hours