Learn how to break down the real estate pro forma in Excel®.
In this topic, the information, will bring prior commercial real estate experience to the forefront and walk you through creating a simplified real estate proforma. The information will cover worksheet functions, such as SUMIF for looking up numbers from Excel® profit & loss reports and other sources; contrasting IRR and XIRR; and using CUMIPMT and CUMPRINC to eliminate building and referencing amortization tables when calculating debt service. Other techniques will include using the conditional formatting feature to color code lease expirations and heat map rental rates. You'll learn how to build a waterfall chart to illustrate NOI (net operating income) for a given year, and how to use keyboard shortcuts, including the F4 key for toggling absolute references and Ctrl-R for copying formulas to the right. The information will cover such nuances as opening CSV files in Excel® as well as managing the protected view prompt, which can slow you down when you open reports exported from cloud-based software.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Building a Simplified Real Estate Proforma Model for Determining the Internal Rate of Return (IRR) on a Given Investment
Contrasting Sending Reports to Excel® vs. Exporting to Comma-Separated Value (CSV) Files
Opening CSV Files vs. Opening Excel® Workbooks
Understanding How to Manage the Protected View Prompt in Excel® 2010 and Later
Overcoming VLOOKUP's Quirks by Using the SUMIF Function to Look up Numeric Values
Calculating the Principal Portion of a Loan Paid During a Specific Time Period by Way of the CUMPRINC Function
Maximizing Space in Spreadsheets by Using Custom Number Formats to Incorporate Words Into Cells That Contain Numeric Values
Jump-Starting Spreadsheet Projects Using Free, Prebuilt Templates in Excel®
Computing the Internal Rate of Return for a Series of Cash Flows With the IRR Function
Understanding How XIRR Provides More Accurate Return Calculations Than IRR
Computing Returns on Irregular Cash Flow Distributions When Needed
Heat-Mapping Rental Rates With the Conditional Formatting Feature
Color-Coding Cells Between a Range of Amounts
Building an Instant Vacancy Schedule by Year via Excel's® Pivottable Feature
Illustrating Financial Statements With a Waterfall Chart in Excel® 2016 and Later
Using a Keyboard Shortcut so You'll Never Have to Manually Type $ Signs in a Formula Again
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on May 22, 2019.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
David H. Ringstrom, CPA
Accounting Advisors, Inc.
- President and owner of Accounting Advisors, Inc. based in Atlanta, Georgia
- Founded Accounting Advisors in 1991 as a consulting services business, but in 2007, he began teaching for continuing education providers as well; his mission since then has been to offer quality training on Excel® and additional accounting software via live webcasts, on-demand self-study webcasts, and in-house engagements
- Widely sought after as a webinar speaker on Microsoft® Excel® for both public and in-house engagements
- His Excel® courses cover the gamut of the features and functions to provide professionals the knowledge they need to work more efficiently and effectively
- Coined the phrase, “Either you work Excel®, or it works you;” his training sessions focus on what users often don’t know but should know about Microsoft® Excel®
- His comprehensive yet easy to understand presentations cover Excel® 2016, 2013, 2010, and 2007
- His webcasts are fast-paced, and he welcomes questions; his detailed handouts and slides serve as handy reference tools students can fall back on after participating in his webcasts or taking his self-study courses
- Co-wrote Idiot’s Guides: Introductory Accounting
- Current and previous articles include Accounting Web (staff writer); Sleeter Report (blog columnist); Microsoft’s Professional Accountants’ Network; The Successful California Accountant; New Jersey Society of CPAs; Microsoft Office and VBA Developer; Microsoft Small Business Accounting; Inside Lotus 1-2-3; Inside Quattro Pro; Inside FileMaker Pro; Inside Peachtree; Inside QuickBooks
- Technical editor of more than 34 books, many in the For Dummies® series, including QuickBooks® Simple Start for Dummies; QuickBooks® for Dummies; QuickBooks® All-in-One Desk Reference for Dummies; Quicken for Dummies; Quicken All-in-One Desk Reference for Dummies; Peachtree for Dummies; and .com for Dummies
- Public speaking includes American Woman’s Society of Certified Public Accountants Atlanta Chapter; Georgia Government Finance Officers Association; Georgia Society of CPAs, North Perimeter Chapter; Georgia Society of CPAs, Southeastern Accounting Show; Georgia Tech’s Center for Manufacturing Information Technology; South Carolina Society of CPAs; and dozens of webinar providers
- B.B.A. degree in accounting, Georgia State University
- Can be contacted at Twitter® @excelwriter
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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