Invention:
This course uses a variety of self-grading Excel assignments to engage students in learning Excel functions and modeling techniques. Walkthrough videos and example answers guide students in completing the assignments. The assignments can be automatically graded (using a third-party platform), allowing the instructor to spend more time directly engaging with students. The assignments provide increased student engagement, better learning outcomes, and more actual teaching time for instruction. The course can be used by instructors in any educational setting to better engage students and to evaluate their performance.
Background:
Educational financial modeling programs are designed to address the challenge of effectively managing and forecasting financial operations and planning within educational institutions. These technologies provide a robust framework for simulating various financial scenarios, aiding in budgeting, resource allocation, and strategic planning. Current solutions often involve generic financial modeling tools or spreadsheets that require significant manual input and are prone to human error. These conventional tools can also lack the specificity and complexity needed to handle the unique financial dynamics of educational settings, such as fluctuating enrollment numbers and variable funding sources.
Applications:
- Banking, financial services and insurance (BFSI)
- Financial modeling education
Advantages:
- Increased accuracy
- Scenario analysis
- Tailored features
- Efficient resource allocation
- Strategic planning support
