This course explores functions in Excel that CPAs need to use to enhance productivity and ensure accurate answers when working with data. Functions are built-in, preset formulas in the Excel program that calculate certain values or accomplish a certain calculation goal. Functions are essential to CPAs as they provide a simplified user interface to work with complex formulas. This course covers basic functions and then goes into logic functions, text functions, lookup functions and financial functions. This course provides step by step instruction and Excel practice exercises.
Functions discussed include: Database functions such as DSUM and DCOUNT; Lookup functions such as XLOOKUP and INDEX MATCH, Logic functions such as IF OR, IFERROR; Text functions such as CONCAT, LEN,TEXTSPLIT and TEXTBEFORE. A lot of time is given to financial functions with multiple little case studies as it delves into PV,PMT,NPER FV and RATE. Basically, every important function you need to know!
Learning Objectives
- Recognize functions used to sum and count data and their uses.
- Discover and define logical functions to locate items to test and to locate and handle exceptions.
- Discover and define text functions to manipulate text data.
- Discover and define the VLOOKUP function, XLOOKUP function and a combination of the index and match functions.
- Identify and compute a payment, rate, term, present value or future value using time value of money functions.
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Prerequisites
No advanced preparation or prerequisites are required for this course.