Financial Functions In Excel – Microsoft Excel 2013 Course Online Training

Financial Functions In Excel – Microsoft Excel 2013 Course

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Microsoft Excel is a sworn by experts to be a great utility tool to crunch data and perform some complex financial functions. The 2013 version capitalises exactly on these features that Excel is known for and has been built in a way in which it appears simpler and more functional by breaking down complicated functions into elemental steps.

Financial Functions In Excel – Microsoft Excel 2013 Course

Some of the features that have been touted as providing a better user experience and adding value to the Excel 2013 version are,

1. Start Screen
2. Backstage View
   
   1. Flash Fill
3. Recommended Charts
4. Chart Tools
5. Quick Analysis
6. Pivot Tables
7. Power Tools
8. SkyDrive

1. Start Screen: With Excel’s new Start Screen, work gets done a lot faster. The most recently used worksheets are displayed on the left edge and can be pinned to the ‘Recent’ list for easy accessibility. The option is there to access files from drive or cloud through opening the ‘Other Workbooks’ option. The top right-hand side corner shows SkyDrive (or SharePoint).In order to facilitate a quick start to a new project, a range of templates are made available. These can be pinned as well, or one can search online for other templates. A list of suggested searches appears on screen to help one start.

1. Backstage View: Introduced in Office 2010, the Backstage View can be accessed from the File menu. A combination of the Open and Recent tabs from Excel 2010, the Open tab in Excel 2013 gives one access to recently used workbooks. One can click Computer to access recently accessed locations or can pin worksheets to this list. Access to the SkyDrive account has also been included, along with the option to set up additional SkyDrive or SharePoint accounts
2. Flash Fill: The Flash Fill tool is one of the greatest improvements of Excel 2013. Its predictive data entry can detect patterns and extract and enter data that follows a recognizable pattern. It has been designed to solve some commonly faced problems in an effective manner. One such problem is extracting a person’s first name from a column of full names. One can simply type the first name and then click the Home tab, and select Fill, Flash Fill in a blank column adjacent to the one that contains full names. Immediately, the first names of everyone in the list will appear in the column.
3. Recommended Charts: Recommended Charts shows only a subset of chart types that are pertinent to the data that has been selected. Inexperienced users can benefit from this as it helps to create charts which explain data and does not confuse the user. In order to use the tool, the data on the chart with which you intend to create the chart is to be selected. Click the Insert tab and select Recommended Charts. A dialog then appears with an array of charts for the user to choose from—the user will then have to click on each in order to see how the data will look plotted on that chart. They will need to select the desired option and click OK. The chart gets created automatically.
4. Chart Tools: Chart Tools tab displayed three additional tabs: Design, Layout, and Format when a chart was selected in an earlier version of the chart tool. As compared to the previous versions, the interface is much simpler in Excel 2013, with only the Design and Format tabs to choose from.
5. Quick Analysis: The new Quick Analysis tool can help both new and experienced users find options for working with selected data. In order to use it, the data that is to be analyzed is to be selected. The Quick Analysis icon appears in the bottom-right corner of the selected data. A range of tools for analyzing the data, such as Formatting, Charts, Totals, Tables and Sparklines then appears. On selecting an option, a series of selectable choices appear which can be previewed. Next, click the option one would like to apply on data. This feature speeds up the process of writing formulas, formatting, and charting.
6. Pivot Tables: Pivot Tables are a powerful tool for analyzing data. Recommended PivotTables helps new users of Excel to create Pivot Tables. To use it, select your data, including headings, and choose Insert, Recommended PivotTables. A dialog appears showing a series of PivotTables with explanations. The user needs to select the appropriate table and PivotTable is automatically drawn.
7. Power View: Available as an add-in in the previous versions, the Power View is integrated in Excel 2013. Generally, the Power View tool is to analyse a large set of data from external data sources, making it appropriate for businesses. Having been incorporated in Excel, it can be now accessed by anyone.
8. SkyDrive: To enable working real time within a group scenario, the SkyDrive has been incorporated into Excel. In Excel 2013 you can share and work collaboratively on files with others via SkyDrive with the help of the Excel WebApp.

However, one cannot open a worksheet from SkyDrive in Excel 2013 on the local machine if someone else is currently working in the same worksheet. This protects the worksheet against conflicting changes. Instead, if one person is editing an Excel file that’s stored online, others with permission can view and download it, but they cannot change the original, which is locked until the person working with it is finished.

One can also share Excel workbooks on Facebook and more the Excel 2013. The first step is to save the file on SkyDrive, post which the Post to Social Networks option appears. Any social media account that is linked to one’s Office 2013 account can be used to share the worksheet.

• Anyone who wants to enhance their finance knowledge by learning it in excel and work more effectively and efficiently.
• Financial Analysts/Finance Professionals
• Investment Bankers/Equity Analysts
• Credit Research Analysts
• Students and Professionals looking for a career in Finance

• Basic knowledge of using Microsoft Excel and finance concepts
• A Computer with Internet

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