Advanced Excel Formulas for Accountants

by Paula Guilfoyle

This course explores Excel's advanced functions and how you can apply them in your finance work. Learn how to calculate future value, carry out one and two variable analysis, use reference functions, create dynamic ranges and more, in this course.

price £75+vat
cpd hours 4 CPD hours
access 120 days' access

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

About the course

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.

Look inside

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Contents

  • Financial functions
    • 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
    • Solver
  • Reference functions
    • 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

Author

Paula Guilfoyle

Paula practiced in Industry for over 15 years, working with both small and large private companies, before moving on to teach Excel and Power BI to accountants and professionals.

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