advanced excel formulas pdf with example 2018


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  • What Excel formulas should a financial analyst know?

    Based on years and years of experience, we have compiled the most important and advanced Excel formulas that every world-class financial analyst must know. 1. INDEX MATCH Formula: =INDEX (C3:E9,MATCH (B13,C3:C9,0),MATCH (B14,C3:E3,0)) This is an advanced alternative to the VLOOKUP or HLOOKUP formulas (which have several drawbacks and limitations).

  • Can you call yourself an advanced Excel formula user?

    You can’t call yourself an advanced Excel formula user if you’re Excel sheet is full of errors such as #N/A or #REF! or #DIV/0!. While getting these errors may be out of your control sometimes, IFERROR allows you to handle these errors by replacing them with something more meaningful.

Engineering

CONVERT Most Engineering functions are pretty technical

Information Functions

ISBLANK, ISERROR, ISNUMBER, and ISFORMULA Excel provides many functions for checking the value in a cell, including ISNUMBER, ISTEXT, ISLOGICAL, ISBLANK, ISERROR, and ISFORMULAThese functions are sometimes called the "IS" functions, and they all return TRUE or FALSE based on a cell's contents. Excel also has ISODD and ISEVENfunctions that will test a number to see if it's even or odd. By the way, the green fill in the screenshot above is applied automatically with a conditional formattingformula. exceljet.net

Logical Functions

Excel's logical functions are a key building block of many advanced formulas. Logical functions return the boolean values TRUE or FALSE. If you need a primer on logical formulas, this video goes through many examples. exceljet.net

Lookup and Reference Functions

VLOOKUP and HLOOKUP Excel offers a number of functions to lookup and retrieve data. Most famous of all is VLOOKUP: More: 23 things to know about VLOOKUP. HLOOKUP works like VLOOKUP, but expects data arranged horizontally: INDEX and MATCH For more complicated lookups, INDEX and MATCHoffers more flexibility and power: Both the INDEX function and the MATCH functionare powerhouse functions that turn up in all kinds of formulas. More: How to use INDEX and MATCH LOOKUP The LOOKUP functionhas default behaviors that make it useful when solving certain problems. LOOKUP assumes values are sorted in ascending order and always performs an approximate match. When LOOKUP can't find a match, it will match the next smallest value. In the example below we are using LOOKUP to find the last entry in a column: exceljet.net

Statistical Functions

COUNT and COUNTA You can count numbers with the COUNT function and non-empty cells with COUNTA. You can count blank cells with COUNTBLANK, but in the screen below we are counting blank cells with COUNTIF, which is more generally useful. COUNTIF and COUNTIFS For conditional counts, the COUNTIF function can apply one criteria. The COUNTIFS functioncan apply multiple criteria at the same time: Video: How to use the COUNTIF function SUM, SUMIF, SUMIFS To sum everything, use the SUM function. To sum conditionally, use SUMIF or SUMIFS. Following the same pattern as the counting functions, the SUMIF function can apply only one criteria while the SUMIFS functioncan apply multiple criteria. Video: How to use the SUMIF function exceljet.net

Math Functions

ABS To change negative values to positive use the ABS function. RAND and RANDBETWEEN Both the RAND function and RANDBETWEEN functioncan generate random numbers on the fly. RAND creates long decimal numbers between zero and 1. RANDBETWEEN generates random integers between two given numbers. ROUND, ROUNDUP, ROUNDDOWN, INT To round values up or down, use the ROUND function. To force rounding up to a given number of digits, use ROUNDUP. To force rounding down, use ROUNDDOWN. To discard the decimal part of a number altogether, use the INT function. exceljet.net

Text Functions

LEFT, RIGHT, MID To extract characters from the left, right, or middle of text, use LEFT, RIGHT, and MID functions: LEN The LEN function will return the length of a text string. LEN shows up in a lot of formulas that count words or characters. FIND, SEARCH To look for specific text in a cell, use the FIND function or SEARCH function. These functions return the numeric position of matching text, but SEARCH allows wildcards and FIND is case-sensitive. Both functions will throw an error when text is not found, so wrap in the ISNUMBER function to return TRUE or FALSE (example here). exceljet.net

Dynamic Array Functions

Dynamic arrays are new in Excel 365, and are a majorupgrade to Excel's formula engine. As part of the dynamic array update, Excel includes new functions which directly leverage dynamic arrays to solve problems that are traditionally hard to solve with conventional formulas. If you are using Excel 365, make sure you are aware of these new functions:

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