# Excel s Business Tools: What-If Analysis

Save this PDF as:

Size: px
Start display at page:

## Transcription

1 Excel s Business Tools: Introduction is an important aspect of planning and managing any business. Understanding the implications of changes in the factors that influence your business is crucial when it comes to making important business decisions. What would be the effect of an increase in your costs, or if turnover rose or fell by a certain amount? How would a change in interest rates or exchange rates affect your profits? Excel offers some easy-to-use tools to save time doing your calculations and help you make more accurate forecasts. This tutorial uses the simple example of a cash loan to demonstrate some of these tools. It makes use of Excel's PMT Function to calculate repayments on a loan, then shows how you can use the Goal Seek tool to manipulate variables such as the amount borrowed, repayment period and interest rate to arrive at a desired result. You will see how to use Data Tables to display a large number of calculations employing one or two variables and finally use Conditional Formatting to present the results in an easily understandable way. The screenshots in this document were taken in Excel 2010 and apply equally to Excel Most features also apply to Excel The PMT Function The PMT function is used to calculate the repayments on a loan based on a constant interest rate. It can accept up to five arguments. The first three are required and often only these are used: Rate The interest rate expressed as a percentage (you use the percent sign when entering the rate into the cell). When entering this argument you need to take account of the frequency of the payments. For example, if the payments are monthly this value should be divided by 12 when entered into the function. Nper The total number of payments for the loan. For example, for a loan repaid monthly over a period of 3 years this value would be 36 (i.e. 36 months). Pv The present value. This represents what the total value of the loan is worth now (i.e. how much is to be borrowed). Enter this as a minus value so that the function returns a positive value for the repayments. There are two additional optional arguments: Fv The future value. Enter a value here if you want to end the loan period with a cash balance (i.e. it is not being paid off completely to zero). Omit this value if the entire amount borrowed is to be repaid. Type Usually repayments are made at the end of each period, in which case this argument is omitted. Enter 1 if the repayment is made at the beginning of the period. An example of the function is illustrated below (Fig.1). Fig.1 Using the Insert Function tool to enter a PMT function. Martin Green 1

2 The Goal Seek Tool The Goal Seek tool allows you to determine what value a particular argument needs to hold so that that a function will return a specified value. In this example the PMT function has calculated that a loan of 20,000 over 60 months at an interest rate of 6.8% per annum will require a monthly repayment of Using the Goal Seek tool you can find out, for example, how much money you could borrow if the repayments were only 350 per month. Essentially, you tell Excel what you want the answer to be and which value it can change to achieve that. 1. Open the Goal Seek tool by going to the Data tab then choosing and Goal Seek. 2. In the Goal Seek dialog box specify which cell will display the desired value. To do this click in the Set cell: textbox then click on the cell that displays the result of your calculation. This cell must contain a calculation (a formula or function). 3. Type the value that you want the calculation to return in the To value: textbox. 4. Specify which cell contains a value that Excel can change in order to arrive at the desired result. Do this by clicking in the By changing cell: textbox then clicking on the cell that contains the value that you are allowing Excel to change. This cell must be one of the values used, directly or indirectly, in the calculation. 5. Click the OK button to perform the Goal Seek. When you click OK Excel calculates the required value and opens a new dialog box to display the result. It also inserts a new value into the specified cell so that the calculation now displays the required result (Fig.2). Click OK to accept the new value or Cancel to restore the original value on the worksheet. Fig.2 Using the Goal Seek tool to arrive at a specified value. The Goal Seek tool is very useful and saves a lot of trial and error when trying to forecast the result of changes to your calculations, but it is limited to changing only one variable at a time. To see the result of a changing input over a range of values would require you to run Goal Seek many times and record the input values and results for each. (Excel s Solver Add-In can be used for working with more than one variable but is a very much more complex tool to use.) Fortunately, Excel has another tool to help simplify that job, the Data Table. Martin Green 2

3 Data Tables Excel's Data Table tool provides a quick and easy way to perform "what if" analysis. It is used to create a range of cells called the data table. The values displayed in the data table represent the result of changing certain input variables in your calculation. You can specify what those changing variables are and the range of input values that is used to create the table. Calculations can contain many input variables. The data table tool can be used to represent changes in one or two of them. As with the Goal Seek example, this example also uses the PMT function to demonstrate data tables. Although this is a simple example remember that data tables can be used with any calculation that has a variable input. You might want to vary any of the values used by the PMT function. The length of the repayment period can be changed to suit your budget. Perhaps you want to compare the interest rates of different lenders. Or maybe you would consider changing the amount of the loan so that you could determine the optimum term and monthly payment. To examine the effect of changing one of these variables use a Single Variable Data Table. To compare the effect of changing two of the variables use a Two Variable Data Table. The Single Variable Data Table First create your initial function. If you wish to locate your data table elsewhere on the worksheet simply place a copy of the original function where you want it to start. In this example the function is situated in cell C7. You should position the function on the worksheet so that there is space in the column below it and also to the left. Suppose you want to see the effect of different loan amounts (e.g. from 15,000 to 30,000). Enter the list of values in the column that is to the left of the initial function, and starting in the row below it (in this example cell A8) remembering to express the values in the same way as in the initial function. Now select the block of data that contains the original function and the column of values you just entered, on the Data tab of the ribbon choose then Data Table to open the Data Table tool. Click in the textbox marked Column input cell then click on the cell in that supplied the value in the initial function that corresponds to the column of values you entered (Fig.3). In this example it is cell B1 (the Loan Amount). Finally, click OK to dismiss the dialog and create the table (Fig.4). Here the result cells have been formatted to show only two decimal places. Fig.3 Creating a single variable data table. Fig.4 A single variable data table The Two-Variable Data Table When comparing two different variables you need to provide a column and a row of variable values. This time enter the column of values directly beneath the initial function (here starting in Martin Green 3

4 cell B8) and the row immediately to the right of the initial function (here starting in cell C7). In this example the second variable is the duration of the loan or Term in months (e.g. from 3 to 12 years expressed as 36 to 144 months). Select the block of cells to include the initial function and the row and column of variable values and open the data table tool. In this example the Row input cell is the one containing the Term in the initial function (cell B3) (Fig.5). The Column input cell, representing the Loan Amount, is the same as before (cell B1). Fig.5 Creating a two-variable data table. As before, click OK to dismiss the dialog and create the table (Fig.6). Fig.6 A two-variable data table. Martin Green 4

5 Conditional Formatting The mass of figures in a large data table can make it difficult to read but this can be made a lot easier with the aid of Conditional Formatting. Unlike regular formatting, conditional formatting can change the appearance of a cell according to the value displayed in it. Consider the example of a two-variable table shown in the section on Data Tables. Suppose your criteria for a loan were that the monthly repayment was between 300 and 350. There are numerous cells in the table whose values fall in that range but it is difficult to find them, and the table will change if any of the other variables in the calculation are changed. It s an ideal candidate for conditional formatting. In this example (Fig.7) three different conditional formats have been applied to the data table. Cells displaying values greater than 350 are shown in red (these are beyond the upper end of my price range I can t afford them); cells displaying values less that 300 are shown in yellow (these are below the lower end of my price range I can afford a higher payment); and cells whose values fall between 300 and 350 are shown in green (these are the ones I am interested in). Fig.7 Three level conditional formatting applied to a data table. To apply this kind of conditional formatting: 1. Select the cells to be formatted. 2. Go to the Data tab and click the Conditional Formatting button then choose Highlight Cells Rules then Greater Than 3. In the Greater Than dialog box enter a value above which the cells should display a certain format, in this example 350. Notice that as you do so Excel displays a preview of the chosen format on your data (Fig.8). 4. Choose a preset format from the drop-down list (in this example Light Red Fill with Dark Red Text was chosen) or choose Custom Format and devise your own format. 5. Click OK to apply the first format rule and close the dialog box. Leave the cells selected. 6. Repeat the procedure on the same range of cells, this time choose Conditional Formatting > Highlight Cells Rules > Less Than and in the Less Than dialog box enter 300 and choose Yellow Fill with Dark Yellow Text. 7. Click OK to apply the second format rule and close the dialog box. Leave the cells selected. 8. Repeat the procedure on the same range of cells and choose Conditional Formatting > Highlight Cells Rules > Between and in the Between dialog box enter 300 and 350 and choose Green Fill with Dark Green Text. 9. Finally, click OK to apply the third format rule and close the dialog box. 10. When you deselect the cells you should now have a formatted range of cells looking something like that shown here (Fig.7). You don t have to apply several different formats. You may just want to highlight cells that satisfy a particular condition. When applying multiple conditional formats you are not limited to just three conditions as in this example. You can add as many as you need but remember to apply all your formats to the same range of cells. Make sure that your format rules do not conflict. For example, if you choose Greater than 100 as one rule and Greater Than 200 as another rule, which of the rules should apply to a cell showing a value of 250 since both rules apply? (You can in fact specify a rule for this dilemma Martin Green 5

6 using the Manage Rules tool but if you are new to conditional formatting it is best to avoid conflicts in the first place!) Fig.8 Applying conditional formatting. In addition to using regular formatting tools such as cell fill colours and font colours as in the previous example, Excel offers a range of Icon Sets, Data Bars and Colour Scales to denote specified cell values. You can apply these directly to your data but it is more likely that you will want to specify your own particular conditions. Excel allows you to do this using the Manage Rules tool. Using Custom Conditional Formats Using the previous example, you might choose to apply the Traffic Light icon set instead of fill and font formatting. To do this first apply your chosen icon set by going to Conditional Formatting > Icon Sets and choose an icon set from the list, in this case the three-colour traffic light set. Excel applies the icon set to the data but at the same time applies its own rule for which value range each colour represents (Fig.9). NOTE: When you apply an icon set you might find that your cell values are replaced by hash marks (#####). This simply means that in order to make room for the icon the number cannot be properly displayed. Simply widen each column to allow the values to be shown. To specify your own rules go to Conditional Formatting > Manage Rules. In the Conditional Formatting Rules Manager select your chosen rule and click Edit Rule (Fig.9). Fig.9 Editing an Icon Set rule. Martin Green 6

7 Because there are three icon colours in this set Excel has created its own rule dividing the range of values into three by percent (>=67% green, <67% and >=33% yellow, <33% red) but I want the colours to apply to specific numerical ranges and in a different order with red representing the highest values. In the Edit Formatting Rule dialog I could simply click the Reverse Icon Order button but this would make the middle range yellow and I want that one to be green, the same as I had in the previous example. Fortunately Excel lets me specify which icon applies to each range. Making sure that Format all cells based on their values is selected, all I have to do is select the appropriate icon from the Icon dropdown, choose my operator (>= or >) and enter a value in the Value box and choose Number from the Type dropdown (Fig.10). Fig.10 Creating a custom conditional formatting rule. After clicking OK to dismiss the dialogs and apply the modified rule the data appears with the same colours as before but using traffic light icons instead of fill and font colours (Fig.11). Fig.11 Data displayed using a custom Icon Set rule. NOTE: If you know that you are going to need to customize your formatting rules you can go straight to the Edit Formatting Rule dialog by choosing Conditional Formatting > New Rule. Martin Green 7

### How To Use Excel To Compute Compound Interest

Excel has several built in functions for working with compound interest and annuities. To use these functions, we ll start with a standard Excel worksheet. This worksheet contains the variables used throughout

### Excel Tutorial 3. Working with Formulas and Functions. Ahmad Al-Rjoub

Excel Tutorial 3 Working with Formulas and Functions Ahmad Al-Rjoub Objectives Copy formulas Build formulas containing relative, absolute, and mixed references Review function syntax Insert a function

### ROUND(cell or formula, 2)

There are many ways to set up an amortization table. This document shows how to set up five columns for the payment number, payment, interest, payment applied to the outstanding balance, and the outstanding

### PV Tutorial Using Excel

EYK 15-3 PV Tutorial Using Excel TABLE OF CONTENTS Introduction Exercise 1: Exercise 2: Exercise 3: Exercise 4: Exercise 5: Exercise 6: Exercise 7: Exercise 8: Exercise 9: Exercise 10: Exercise 11: Exercise

### Microsoft Office 2010

Excel Tutorial 3: Working with Formulas and Functions Microsoft Office 2010 Objectives Copy formulas Build formulas containing relative, absolute, and mixed references Review function syntax Insert a function

### EXCEL PREREQUISITES SOLVING TIME VALUE OF MONEY PROBLEMS IN EXCEL

CHAPTER 3 Smart Excel Appendix Use the Smart Excel spreadsheets and animated tutorials at the Smart Finance section of http://www.cengage.co.uk/megginson. Appendix Contents Excel prerequisites Creating

### Notes on Excel 2007 Forecasting Tools. Data Table Scenario Manager Goal Seek Solver

Notes on Excel 2007 Forecasting Tools Data Table Scenario Manager Goal Seek Solver Paula Ecklund Fall 2008 Contents Page Tools Introduction... 1 Data Table Scenario Manager Goal Seek Solver The Sample

### Using Basic Financial and Logical Functions

LESSON 8 Using Basic Financial and Logical Functions 8.1 After completing this lesson, you will be able to: Use the PMT function to forecast loan payments. Calculate cumulative interest. Compute investment

### Use Financial and Lookup Functions, Define Names, and Validate Data

M04_GASK8219_01_SE_C04E.qxd 6/30/10 7:53 AM Page 241 chapter 4 Excel 2010 Use Financial and Lookup Functions, Define Names, and Validate Data OUTCOMES At the end of this chapter you will be able to: PROJECT

### TIME VALUE OF MONEY. Hewlett-Packard HP-12C Calculator

SECTION 1, CHAPTER 6 TIME VALUE OF MONEY CHAPTER OUTLINE Clues, Hints, and Tips Present Value Future Value Texas Instruments BA II+ Calculator Hewlett-Packard HP-12C Calculator CLUES, HINTS, AND TIPS Present

### Microsoft Excel 2003

Microsoft Excel 2003 Data Analysis Larry F. Vint, Ph.D lvint@niu.edu 815-753-8053 Technical Advisory Group Customer Support Services Northern Illinois University 120 Swen Parson Hall DeKalb, IL 60115 Copyright

### Notes on Excel Forecasting Tools. Data Table, Scenario Manager, Goal Seek, & Solver

Notes on Excel Forecasting Tools Data Table, Scenario Manager, Goal Seek, & Solver 2001-2002 1 Contents Overview...1 Data Table Scenario Manager Goal Seek Solver Examples Data Table...2 Scenario Manager...8

### Objectives: Use visual elements, apply formulas, and functions to worksheets to display and manage data in various ways.

Designed by: Alx Sanchez * alx@ucsb.edu * (805) 698-7524 Course Title: MS Excel II for Fiscal Data Analysis Date/Time: August 02, 2016 / 1:30PM 3:15PM Software: MS Office 2013 Instructor: Alx Sanchez Course

### MBA Quantitative Methods PC-Exercises Introductory Examples

MBA Quantitative Methods PC-Exercises Introductory Examples intro.xls intro_with_output.xls intro.doc For all Examples you need the file intro.xls. The file intro_with_output.xls is the file with the results

### Sample Table. Columns. Column 1 Column 2 Column 3 Row 1 Cell 1 Cell 2 Cell 3 Row 2 Cell 4 Cell 5 Cell 6 Row 3 Cell 7 Cell 8 Cell 9.

Working with Tables in Microsoft Word The purpose of this document is to lead you through the steps of creating, editing and deleting tables and parts of tables. This document follows a tutorial format

### Using Basic Financial and Logical Functions

L08620946 12/15/03 5:09 PM Page 187 187 LESSON 8 Using Basic Financial and Logical Functions After completing this lesson, you will be able to: Use the PMT function to forecast loan payments. Calculate

### 6: Financial Calculations

: Financial Calculations The Time Value of Money Growth of Money I Growth of Money II The FV Function Amortisation of a Loan Annuity Calculation Comparing Investments Worked examples Other Financial Functions

### Word 2010: Mail Merge to Email with Attachments

Word 2010: Mail Merge to Email with Attachments Table of Contents TO SEE THE SECTION FOR MACROS, YOU MUST TURN ON THE DEVELOPER TAB:... 2 SET REFERENCE IN VISUAL BASIC:... 2 CREATE THE MACRO TO USE WITHIN

### Instructions for creating a data entry form in Microsoft Excel

1 of 5 You have several options when you want to enter data manually in Excel. You can enter data in one cell, in several cells at the same time, or on more than one worksheet (worksheet/spreadsheet: The

### E x c e l 2 0 1 0 : Data Analysis Tools Student Manual

E x c e l 2 0 1 0 : Data Analysis Tools Student Manual Excel 2010: Data Analysis Tools Chief Executive Officer, Axzo Press: Series Designer and COO: Vice President, Operations: Director of Publishing Systems

### Section 8. Topics Covered

Section 8 Topics Covered " The =IF() function... 8-2 " The =OR() function... 8-6 " The =AND() function... 8-6 " The =NOT() function... 8-7 " The =PMT() function... 8-9 " The =FV() function... 8-13 Time

### Calculating Loan Payments

IN THIS CHAPTER Calculating Loan Payments...............1 Calculating Principal Payments...........4 Working with Future Value...............7 Using the Present Value Function..........9 Calculating Interest

### Compounding Quarterly, Monthly, and Daily

126 Compounding Quarterly, Monthly, and Daily So far, you have been compounding interest annually, which means the interest is added once per year. However, you will want to add the interest quarterly,

### UNDERSTANDING HEALTHCARE FINANCIAL MANAGEMENT, 5ed. Time Value Analysis

This is a sample of the instructor resources for Understanding Healthcare Financial Management, Fifth Edition, by Louis Gapenski. This sample contains the chapter models, end-of-chapter problems, and end-of-chapter

### In Section 5.3, we ll modify the worksheet shown above. This will allow us to use Excel to calculate the different amounts in the annuity formula,

Excel has several built in functions for working with compound interest and annuities. To use these functions, we ll start with a standard Excel worksheet. This worksheet contains the variables used throughout

### User Guide. Opening secure email from the State of Oregon Viewing birth certificate edits reports in MS Excel

User Guide Opening secure email from the State of Oregon Viewing birth certificate edits reports in MS Excel Birth Certifier Edition Last Revised: August, 0 PUBLIC HEALTH DIVISION Center for Public Health

### Search help. More on Office.com: images templates. Here are some basic tasks that you can do in Microsoft Excel 2010.

Page 1 of 8 Excel 2010 Home > Excel 2010 Help and How-to > Getting started with Excel Search help More on Office.com: images templates Basic tasks in Excel 2010 Here are some basic tasks that you can do

### In This Issue: Excel Sorting with Text and Numbers

In This Issue: Sorting with Text and Numbers Microsoft allows you to manipulate the data you have in your spreadsheet by using the sort and filter feature. Sorting is performed on a list that contains

Excel 2010: Create your first spreadsheet Goals: After completing this course you will be able to: Create a new spreadsheet. Add, subtract, multiply, and divide in a spreadsheet. Enter and format column

### CREATING EXCEL PIVOT TABLES AND PIVOT CHARTS FOR LIBRARY QUESTIONNAIRE RESULTS

CREATING EXCEL PIVOT TABLES AND PIVOT CHARTS FOR LIBRARY QUESTIONNAIRE RESULTS An Excel Pivot Table is an interactive table that summarizes large amounts of data. It allows the user to view and manipulate

### To reuse a template that you ve recently used, click Recent Templates, click the template that you want, and then click Create.

What is Excel? Applies to: Excel 2010 Excel is a spreadsheet program in the Microsoft Office system. You can use Excel to create and format workbooks (a collection of spreadsheets) in order to analyze

### Consolidating and analyzing data

L E S S O N 5 Consolidating and analyzing data Lesson objectives Suggested teaching time To better understand how to analyze and consolidate data in Excel, you will: 25-35 minutes a b c Use the Data, Consolidate

### How to Create a Data Table in Excel 2010

How to Create a Data Table in Excel 2010 Introduction Nicole Bernstein Excel 2010 is a useful tool for data analysis and calculations. Most college students are familiar with the basic functions of this

### Microsoft Excel 2013: Macro to apply Custom Margins, Titles, Gridlines, Autofit Width & Add Macro to Quick Access Toolbar & How to Delete a Macro.

Microsoft Excel 2013: Macro to apply Custom Margins, Titles, Gridlines, Autofit Width & Add Macro to Quick Access Toolbar & How to Delete a Macro. Do you need to always add gridlines, bold the heading

### Tutorial: Using Excel for Linear Optimization Problems

Tutorial: Using Excel for Linear Optimization Problems Part 1: Organize Your Information There are three categories of information needed for solving an optimization problem in Excel: an Objective Function,

### Computer Training Centre University College Cork. Excel 2013 Pivot Tables

Computer Training Centre University College Cork Excel 2013 Pivot Tables Table of Contents Pivot Tables... 1 Changing the Value Field Settings... 2 Refreshing the Data... 3 Refresh Data when opening a

### Introduction to Excel

Introduction to Excel This material has been reprinted, with permission, from the Excel Tutorial on the TRIO program webpage of the University of South Dakota. A series of "screencast" videos covering

### Overview What is a PivotTable? Benefits

Overview What is a PivotTable? Benefits Create a PivotTable Select Row & Column labels & Values Filtering & Sorting Calculations Data Details Refresh Data Design options Create a PivotChart Slicers Charts

### MICROSOFT WORD: MAIL MERGE

SIU Medical Library / Department of Information and Communication Sciences MICROSOFT WORD: MAIL MERGE MICROSOFT WORD 2010 OVERVIEW Mail Merge allows you to automatically merge a list of variable information,

### Microsoft Office 2010

Access Tutorial 1 Creating a Database Microsoft Office 2010 Objectives Learn basic database concepts and terms Explore the Microsoft Access window and Backstage view Create a blank database Create and

### How to Use a Data Spreadsheet: Excel

How to Use a Data Spreadsheet: Excel One does not necessarily have special statistical software to perform statistical analyses. Microsoft Office Excel can be used to run statistical procedures. Although

### Preface of Excel Guide

Preface of Excel Guide The use of spreadsheets in a course designed primarily for business and social science majors can enhance the understanding of the underlying mathematical concepts. In addition,

### Tools for Excel Modeling. Introduction to Excel2007 Data Tables and Data Table Exercises

Tools for Excel Modeling Introduction to Excel2007 Data Tables and Data Table Exercises EXCEL REVIEW 2009-2010 Preface Data Tables are among the most useful of Excel s tools for analyzing data in spreadsheet

### WRITE-UP CS Adjusting Entry Procedures

WRITE-UP CS Adjusting Entry Procedures Introduction This document highlights a few of the special features in Write-Up CS that can help make processing easier. On the following pages, we provide step-by-step

### Microsoft Excel 2013 Step-by-Step Exercises: PivotTables and PivotCharts: Exercise 1

Microsoft Excel 2013 Step-by-Step Exercises: PivotTables and PivotCharts: Exercise 1 In this exercise you will learn how to: Create a new PivotTable Add fields to a PivotTable Format and rename PivotTable

### 9-17a Tutorial 9 Practice Review Assignment

9-17a Tutorial 9 Practice Review Assignment Data File needed for the Review Assignments: Restaurant.xlsx Sylvia has some new figures for the business plan for Jerel's. She has received slightly better

### Fig. 1 Suitable data for a Crosstab Query.

Crosstab Queries A Crosstab Query is a special kind of query that summarizes data by plotting one field against one or more other fields. Crosstab Queries can handle large amounts of data with ease and

### Working with Macros and VBA in Excel 2007

Working with Macros and VBA in Excel 2007 With the introduction of Excel 2007 Microsoft made a number of changes to the way macros and VBA are approached. This document outlines these special features

### Commonly Used Excel Formulas

Microsoft Excel 2007 Advanced Formulas Windows XP Look Up Values in a List of Data: Commonly Used Excel Formulas Let's say you want to look up an employee's phone extension by using their badge number

### Excel 2016 Tables & PivotTables

Excel 2016 Tables & A PivotTable is a summary of data from a data source and is very useful when you have a lot of data to analyze. Excel enable one to gather and present data in a custom/dynamic display.

### STC: Descriptive Statistics in Excel 2013. Running Descriptive and Correlational Analysis in Excel 2013

Running Descriptive and Correlational Analysis in Excel 2013 Tips for coding a survey Use short phrases for your data table headers to keep your worksheet neat, you can always edit the labels in tables

### Planning and Managing Projects with Microsoft Project Professional 2013

Project management deliverables (e.g. reports); WBS deliverables can be used for report timing Steps to Create a Project from an Existing Template: 1. Click File then New. 2. Select any of the featured

ACADEMIC TECHNOLOGY SUPPORT Microsoft Excel: Tables & Pivot Tables ats@etsu.edu 439-8611 www.etsu.edu/ats Table of Contents: Overview... 1 Objectives... 1 1. What is an Excel Table?... 2 2. Creating Pivot

### EXCEL 2007 VLOOKUP FOR BUDGET EXAMPLE

EXCEL 2007 VLOOKUP FOR BUDGET EXAMPLE 1 The primary reports used in the budgeting process, particularly for Financial Review, are the Quarterly Financial Review Reports. These expense and revenue reports

### WHAT S NEW IN MS EXCEL 2013

Contents Excel... 1 Filling empty cells using Flash Fill... 1 Filtering records using a Timeline... 2 Previewing with Quick Analysis... 4 Using Chart Advisor recommendations... 5 Finding errors and issues

### Working with Macros and VBA in Excel 2007

Working with Macros and VBA in Excel 2007 With the introduction of Excel 2007 Microsoft made a number of changes to the way macros and VBA are approached. This document outlines these special features

### EXCEL Tutorial: How to use EXCEL for Graphs and Calculations.

EXCEL Tutorial: How to use EXCEL for Graphs and Calculations. Excel is powerful tool and can make your life easier if you are proficient in using it. You will need to use Excel to complete most of your

### ECDL. European Computer Driving Licence. Spreadsheet Software BCS ITQ Level 2. Syllabus Version 5.0

European Computer Driving Licence Spreadsheet Software BCS ITQ Level 2 Using Microsoft Excel 2010 Syllabus Version 5.0 This training, which has been approved by BCS, The Chartered Institute for IT, includes

### MODULE 7: FINANCIAL REPORTING AND ANALYSIS

MODULE 7: FINANCIAL REPORTING AND ANALYSIS Module Overview Businesses running ERP systems capture lots of data through daily activity. This data, which reflects such things as the organization's sales

### Module 5: Interest concepts of future and present value

file:///f /Courses/2010-11/CGA/FA2/06course/m05intro.htm Module 5: Interest concepts of future and present value Overview In this module, you learn about the fundamental concepts of interest and present

### HO-23: METHODS OF INVESTMENT APPRAISAL

HO-23: METHODS OF INVESTMENT APPRAISAL After completing this exercise you will be able to: Calculate and compare the different returns on an investment using the ROI, NPV, IRR functions. Investments: Discounting,

### Assignment objectives:

Assignment objectives: Regression Pivot table Exercise #1- Simple Linear Regression Often the relationship between two variables, Y and X, can be adequately represented by a simple linear equation of the

### Excel 2013 What s New. Introduction. Modified Backstage View. Viewing the Backstage. Process Summary Introduction. Modified Backstage View

Excel 03 What s New Introduction Microsoft Excel 03 has undergone some slight user interface (UI) enhancements while still keeping a similar look and feel to Microsoft Excel 00. In this self-help document,

### Graphing Parabolas With Microsoft Excel

Graphing Parabolas With Microsoft Excel Mr. Clausen Algebra 2 California State Standard for Algebra 2 #10.0: Students graph quadratic functions and determine the maxima, minima, and zeros of the function.

### Microsoft Excel - XP Intermediate

Microsoft Excel - XP Intermediate Financial Functions Goal Seeking Variable Tables IF Statements AND & OR Functions Mathematical Operations Between Separate Sheets Mathematical Operations Between Separate

### A Look Inside the Cash Flow Opportunity (CFO) Calculator: Calculations and Methodology

A Look Inside the Cash Flow Opportunity (CFO) Calculator: Calculations and Methodology Background The Cash Flow Opportunity (CFO) Calculator was developed to address the we don t have the money objection

### Reporting Tips and Tricks

Chapter 16 Reporting Tips and Tricks Intuit Statement Writer New for 2009! Company Snapshot New for 2009! Using the Report Center Reporting Preferences Modifying Reports Report Groups Memorized Reports

### CREATING FORMAL REPORT. using MICROSOFT WORD. and EXCEL

EXCEL SPREADSHEET MANUAL to accompany MATHEMATICS WITH APPLICATIONS, EIGHTH EDITION and MATHEMATICS WITH APPLICATIONS, FINITE VERSION, EIGHTH EDITION LIAL HUNGERFORD Paula Grafton Young Salem College J.

### Calculating Cash Flow Using Excel Data Lists

Calculating Cash Flow Using Excel Data Lists By: Curtis D. Frye 7/26/2006 Bank and credit card statements tell you where your money has gone, but they don t show you how much money you ll have on hand

### Computer Training Centre University College Cork. Excel 2013 The Quick Analysis Tool

Computer Training Centre University College Cork Excel 2013 The Quick Analysis Tool Quick Analysis Tool The quick analysis tool is new to Excel 2013. This tool enables the user to quickly access features

### As in the example above, a Budget created on the computer typically has:

Activity Card Create a How will you ensure that your expenses do not exceed what you planned to invest or spend? You can create a budget to plan your expenditures and earnings. As a family, you can plan

### Key Concepts and Skills. Multiple Cash Flows Future Value Example 6.1. Chapter Outline. Multiple Cash Flows Example 2 Continued

6 Calculators Discounted Cash Flow Valuation Key Concepts and Skills Be able to compute the future value of multiple cash flows Be able to compute the present value of multiple cash flows Be able to compute

### TVM Functions in EXCEL

TVM Functions in EXCEL Order of Variables = (Rate, Nper, Pmt, Pv, Fv,Type, Guess) Future Value = FV(Rate,Nper,Pmt,PV,Type) Present Value = PV(rate,nper,pmt,fv,type) No. of Periods = NPER(rate, pmt, pv,

### Task Force on Technology / EXCEL

Task Force on Technology EXCEL Basic terminology Spreadsheet A spreadsheet is an electronic document that stores various types of data. There are vertical columns and horizontal rows. A cell is where the

### Pivot Tables, Lookup Tables and Scenarios

Introduction Format and manipulate data using pivot tables. Using a grading sheet as and example you will be shown how to set up and use lookup tables and scenarios. Contents Introduction Contents Pivot

Sign Inventory and Management (SIM) Program Introduction A Sign Inventory and Management (SIM) Program is an area of asset management that focuses specifically on creating an inventory of traffic signs

### SOME EXCEL FORMULAS AND FUNCTIONS

SOME EXCEL FORMULAS AND FUNCTIONS About calculation operators Operators specify the type of calculation that you want to perform on the elements of a formula. Microsoft Excel includes four different types

### A Microsoft Expression Tutorial

A Microsoft Expression Tutorial Contents Page (click page numbers to move to the page) Page 1-2..Things to do and know before we start Page 3 How to save your web pages Page 4 Opening an existing web page

### NOTE: All of the information contained in this file has been collected from the various HELP files found in Excel for each of these functions.

NOTE: All of the information contained in this file has been collected from the various HELP files found in Excel for each of these functions. PV Returns the present value of an investment. The present

### Get to know Excel 2010: Create formulas. Quick Reference Card SPREADSHEETS, CELL ADDRESSES, AND FORMULAS

Get to know Excel 2010: Create formulas Quick Reference Card SPREADSHEETS, CELL ADDRESSES, AND FORMULAS Spreadsheets are made up of columns, rows, and cells. Columns have alphabetical headings, starting

### Quick Start Guide. Highly customizable automated trading Automate your trades according to rules and models you create.

POWER E*TRADE PRO EXCEL MANAGER Quick Start Guide We are pleased to announce the launch of Excel Manager, an exciting new feature in Power E*TRADE Pro that leverages the flexibility of Microsoft Excel

### Excel Reporting with 1010data

Excel Reporting with 1010data (212) 405.1010 info@1010data.com Follow: @1010data www.1010data.com Excel Reporting with 1010data Contents 2 Contents Overview... 3 Start with a 1010data query... 5 Running

### Microsoft Excel 2013 Pivot Tables (Level 3)

IT Training Microsoft Excel 2013 Pivot Tables (Level 3) Contents Introduction... 1 Creating a Pivot Table... 1 A One-Dimensional Table... 2 A Two-Dimensional Table... 4 A Three-Dimensional Table... 5 Hiding

### To create a histogram, you must organize the data in two columns on the worksheet. These columns must contain the following data:

You can analyze your data and display it in a histogram (a column chart that displays frequency data) by using the Histogram tool of the Analysis ToolPak. This data analysis add-in is available when you

### Exam Name: Excel 2010 Exam Type: Microsoft Exam Code: 77-882 Certification Microsoft Office Specialist (MOS) Total Questions: 26

Question: 1 You work as a Sales Manager for Rainbow Inc. Your responsibility includes preparing sales report of the Sales department. You use Microsoft Excel 2010 to prepare sales reports. You have created

### rate nper pmt pv Interest Number of Payment Present Future Rate Periods Amount Value Value 12.00% 1 0 \$100.00 \$112.00

In Excel language, if the initial cash flow is an inflow (positive), then the future value must be an outflow (negative). Therefore you must add a negative sign before the FV (and PV) function. The inputs

### Intro to MS Excel With: Office 2010

What is it? Excel is a prominent member of the Microsoft Office Suite as important as Word Excel can be thought of as a giant calculator; however it is used in many inventive ways, for many purposes. Three

### Monitoring Data Management Systems. Using the Pivot Table Link in MP5

Monitoring Data Management Systems Using the Pivot Table Link in MP5 CONTENTS Introduction... 3 Exporting Data from MP5 to Excel using Pivot Link... 3 Pivot Data in Excel... 4 Changing the Graph type...

MS Excel Handout: Level 2 elearning Department 2016 Page 1 of 11 Contents Excel Environment:... 3 To create a new blank workbook:...3 To insert text:...4 Cell addresses:...4 To save the workbook:... 5

### Excel Reports and Macros

Excel Reports and Macros Within Microsoft Excel it is possible to create a macro. This is a set of commands that Excel follows to automatically make certain changes to data in a spreadsheet. By adding

### OCR Cambridge Nationals in ICT

OCR Cambridge Nationals in ICT Unit R003 Handling Data Using Spreadsheets Microsoft Excel 2010 OCR Cambridge Nationals in ICT Introduction CiA Training Ltd 2013 iii Introduction OCR Cambridge Nationals

### By: Peter K. Mulwa MSc (UoN), PGDE (KU), BSc (KU) Email: Peter.kyalo@uonbi.ac.ke

SPREADSHEETS FOR MARKETING & SALES TRACKING - DATA ANALYSIS TOOLS USING MS EXCEL By: Peter K. Mulwa MSc (UoN), PGDE (KU), BSc (KU) Email: Peter.kyalo@uonbi.ac.ke Objectives By the end of the session, participants

### Highlighting a Single Data Point in an Excel Bar Chart

Highlighting a Single Data Point in an Excel Bar Chart Excel s charting tools are quite comprehensive, but I ve written before (see www.grbps.com/articles.htm) about some notable omissions in functionality.

### Excel 102. For more information on the Library and programs, visit BCPLS 5/5/2010 PEMA

Excel 102 Once you are comfortable with the basic parts of Excel, the next step is to figure out how the more advanced tasks can be accomplished. Microsoft Excel can be used to do advanced functions, have

### Excel Modeling Practice. The Svelte Glove Problem Step-by-Step With Instructions

Excel Modeling Practice The Svelte Glove Problem Step-by-Step With Instructions EXCEL REVIEW 2001-2002 Contents Page Number Overview...1 Features...1 The Svelte Glove Problem...1 Outputs...2 Approaching

### Create a PivotTable or PivotChart report

Page 1 of 5 Excel Home > PivotTable reports and PivotChart reports > Basics Create or delete a PivotTable or PivotChart report Show All To analyze numerical data in depth and to answer unanticipated questions