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SUMMARY:Excel: Master the Power of Formulas and Functions (IF and VLOOKUP)
DESCRIPTION: Whether you need to calculate loan repayments, generate a profit-and-loss account, solve maths or engineering problems, in fact, think of any scenario that involves addition, subtraction, division or multiplication of numbers and you’ll find that Excel is the best tool for the job.
Functions are built-in formulas that have been programmed to perform a specific calculation. They range from the simple such as SUM and AVERAGE (used to calculate the total and average of numbers in a range of cells) to the powerful IF and VLOOKUP.
Functions aren’t limited to calculating numeric data. They can save you a ton of time when working with text and dates too. For example, you can quickly calculate someone’s age from their date of birth, combine text items from several cells into a single cell or convert a list of lower case text items to capital letters.
Do you create financial or data models? Excel is the perfect tool for that. Build the model using formulas and watch the results automatically recalculate as the model is updated.
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