Advanced Excel Formulas for Accountants
This course will enable you to:
- Employ Excel’s suite of financial functions to calculate loan repayment and investment returns
- Use functions such as Goal Seek and Scenario Manager, to analyse data and solve problems including both one and two variable analysis
- Use OFFSET, INDIRECT and other Lookup and Reference functions to reference data from other worksheets, create dynamic functions and carry out lookups
- Use named ranges and user defined functions to make navigation easier and formulas simper to read
Excel is an extremely powerful tool for accountants but are you using it to its full potential? Take your Excel skills to the next level, by mastering more advanced techniques, and understanding how they can be applied in your finance role.
This course will help you develop the skills you need to carry out complex calculations, like calculating loan repayments, and what-if analysis on your data. You'll learn how to calculate future value, use one and two variable analysis and make the most of reference functions. You'll also discover how using named ranges and user defined functions can make you more efficient in your work.
- Future value
- FV function
- Effective interest rate
- EFFECT function
- Present and net present values
- NPV function
- Borrowers and the PMT function
- Lenders and the PMT function
Analysis for accountants
- One variable analysis
- Two variable analysis
- What are Scenario Manager, Goal Seek and Solver?
- Scenario Manager
- Goal Seek
- Calculating profit
- Activating Solver
- The benefits of reference functions
- OFFSET function
- INDIRECT Function
- Using INDIRECT to overcome errors
- ROWS and COLUMNS
- CHOOSE function
Named ranges and user defined functions
- Benefits of named ranges
- Setting up named ranges
- Find and edit named ranges
- Setting up a dynamic named range
- Dynamic named ranges
- User Defined Functions
- Creating a UDF
- LET function
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