Advanced Excel Course
"Advanced excel course is all-inclusive of Excel Formulas, functions like Pivot tables and V-lookups. Learn Excel for Financial Modeling and Accounting tasks."
Advanced excel course is designed especially for those who require a considerable understanding and skill related to advanced functions of Excel. Advance excel is a great course, which will allow you to be able to create and customise your macros and utilise Excel's functions.
10 Advanced Excel Formulas are as follows:
Every financial analyst spends the whole time in Excel. Based on research assembled, the most advanced and essential Excel formulas that every business analyst must know to use are as follows:
1. INDEX MATCH
Index match is a purposeful substitute to the VLOOKUP or HLOOKUP formulas. Index Match is a potent combination of Excel formulas that will take your financial modelling and financial analysis to the next level. Index go backs to the value of a cell in a table based on the column and row number and then match returns the position of a cell in a row or column.
2. IF combined with AND / OR
Any user who spent a maximum of time doing different types of financial model knows that IF formulas can be complicated. But Combining IF with the OR the function or AND can be a more appropriate way to keep formulas simple to audit and more comfortable for other users to understand.
3. OFFSET combined with AVERAGE or SUM
The offset function is not particularly advanced, but when the user combines it with other features like SUM or AVERAGE, user can create a pretty knowledgeable formula. Assume user wants to create an active function that can add a varying number of cells. With the help of regular SUM formula, the user limited to a fixed calculation, but by add on OFFSET, the user can have the cell reference move around.
The choose function is best for scenario analysis in financial modelling. It allows you to choose between particular numbers of options and return the "choice" that you've selected.
5. XIRR and XNPV and
If you are not an analyst working in financial planning, investment banking, equity research, or any area related to corporate finance that requires cash flows, then these formulas are helpers. XIRR and XNPV allow you to apply to each cash flow that's discounted. The problem with Excel's basic IRR and NPV formulas are that they believe the time interval between cash flow are equal. An analyst, the user will have situations where cash flows not timed evenly.
6. COUNTIF and SUMIF
These two advanced formulas are mainly used conditional task. SUMIF adds all cells that meet explicit norms, and COUNTIF adds up all cells that meet specific standards. You can also use COUNTIF as an advanced solution.
7. IPMT and PMT
If a person is working in, real estate, commercial banking, FP&A or any other financial analyst job that deals with debt schedules, he will quickly understand these two formulas in details.
The PMT formula gives you an idea for the value of equal payments over loan. You can use it in with IPMT (which provides you with the view for the interest payments for the same investment), then you can separate principal and interest payments.
8. TRIM and LEN
These are less common, but certainly used formulas. These applications, like financial analysts who need to manipulate and organise vast amounts of data. The data we get is not always arranged systematically, and many times there can be matter like additional spaces at the end or beginning of cells.
Concatenate is not a function on its own, but it's just a new method of combining information from different cells and making worksheets more attractive. It is a handy tool for financial analysts performing financial modelling.
10. RIGHT functions, CELL, LEFT and MID
- These advanced Excel features can join in designing some very complex and advanced formulas.
- The CELL function can return a diversification of data about the cell (for example, its name, column, location, row, and many more things).
- The LEFT function can go back text from the starting of a cell (left to right).
- MID returns the text from any beginning point of the cell (left to right)
- RIGHT returns the text from the close of the cell (right to the left).
What are the essential things you would be learning with the Future Connect advanced excel course?
Extend your functions toolbox
- Nesting formulas
- Recap on the primary IF function
- Using AND & OR
- Recap on creating & using range names
- VLOOKUP & HLOOKUP
- INDEX & MATCH
Successfully analysing your data
- Changing the look of your pivot.
- Linking slicers to more than one Pivot Table.
- Creating Pivot Tables.
- Using a timeline.
- Creating a Pivot chart.
- Grouping your data.
- Updating Pivot Tables with new data.
- Filtering your data with a Slicer.
Enrol with us
We are located in London, mile end, Harrow and Birmingham. Feel free to call us on 02037908674 or 01212959988 where you can speak to one of our experienced Consultants or arrange a web demonstration to see which advanced excel course is right for your business. Please email us on firstname.lastname@example.org.