In Module 2, students will gain the necessary skills to build models that accurately represent work situations and enable effective decision-making. Models enable us to test our assumptions, enhance our understanding, and make better-informed decisions. Students will develop an understanding that improved decision-making is a result of gaining deeper insights rather than solely relying on output values from a model. Students will learn how to apply logical functions (IF and Nested IF Statements) and utilize the “What-If Analysis” tools in Excel to perform break-even analysis and scenario management. By the end of this module, students will have a solid foundation in using Excel as a powerful tool for decision modeling and sensitivity analysis. In Lesson 1, students will explore essential modeling functions in Excel – IF statements, nested IFstatements, and logical functions are powerful functions for building models that abstract from real-world problems and capture the essence of business operational and planning problems. These functions allow students to dynamically update calculations based on changing conditions. For example, we can use IF statements to calculate different pricing strategies based on sales volume or apply different discount rates depending on customer types. In Lesson 2, students will delve into decision modeling and explore the “What-if Analysis” functionality in Excel. Students will learn how to create named cells and ranges to improve spreadsheet and model readability, which provide clarity and simplicity when working with complex models. Furthermore, students will learn how to use Goal Seek to determine the input value needed to achieve a specific goal or target output. For example, you can use it to find out what sales volume is required to reach a certain profit level. Students will become proficient in using Data Tables to analyze how changes in input values affect multiple formulas or calculations. And, finally, students will learn about Scenario Manager, which allows you to define different sets of input values and compare the resulting outputs, helping you evaluate various possibilities and make informed decisions

In this module, students will learn how to present information effectively using Excel. They will discover best practices for designing spreadsheets and explore techniques to define the look-and-feel of their work. The module also introduces Excel Tables as a time-saving feature. Students will explore the power of conditional formatting, as well as master custom rules, to create impactful reports. Student will also develop the knowledge to create effective graphs and visuals that effectively convey information. In Lesson 1, students will learn best practices for spreadsheet design. Students will learn about Cell Styles and how they can enhance the visual appeal and consistency of spreadsheets. This lesson also includes video segments focusing on formatting and referencing for Excel Tables. Additionally, students will master the use conditional formatting to create impactful reports, with videos covering different aspects and examples of conditional formatting. By the end of the lesson, students will have the skills and knowledge to design visually appealing spreadsheets and create compelling reports. Lesson 2 covers the art of communicating insights through Excel charts. Students will gain an understanding of the different types of charts available, including scatter plots, lines, slope graphs, bar charts, sparklines and more. Beyond mastering how to use Excel’s graphing functionality, students will learn will learn how to select the most appropriate chart type to effectively present their data, as well as how to actively declutter visuals, removing unnecessary elements that don't aid understanding, to convey data effectively and drive meaningful insights. By completing the "Mastering Excel Essentials to Enhance Business Value" course, students will acquire the necessary skills to leverage Excel as a problem-solving tool in a corporate setting. They will enhance their analytical skills, become fluent in using spreadsheets, and develop the ability to present information in a compelling and organized manner. Whether it's data analysis, modeling, or creating impactful reports, this course equips students with the essential Excel toolbox needed to excel in their professional endeavors.

This module contains the summative course assessment that has been designed to evaluate your understanding of the course material and assess your ability to apply the knowledge you have acquired throughout the course. Be sure to review the course material thoroughly before taking the assessment.