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 XLOOKUPand 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
Upon successful completion of this course, participants will be able to:
Recognize the syntax and characteristics of functions used to sum and count data, including their applicable calculation results
Recognize the syntax and use of logical functions to locate items to test, and to locate and handle exceptions
Identify the various text functions that manipulate text data, their syntax, and their applicable use to achieve a desired result
Recognize the syntax and use of the VLOOKUP, INDEX, MATCH, and a combination of the INDEX and MATCH functions
Compute a payment, rate, term, present value, or future value using time value of money functions
Major Topics
Must-Know Excel Functions for CPAs
SUM Functions
COUNT Function
Logic Functions
