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Summary of Personal computers in business
Typology: Summaries
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Module 1 and Module 2 โ Workbook- collection of worksheets โ Worksheet- single sheet in a workbook file that lets you enter and manipulate data, perform calculations with data, and analyze data Module 3 โ Spreadsheets help analyze data, represent data through charts, model real world situations, perform what is analysis โ Steps โ Determine purpose โ What decision will be made? What's the question? โ What criteria will be used to evaluate? โ What calculations/data โ Who uses it? โ Design โ More time on design means less time fixing โ Design so it is easy to understand and maintain/update โ Create โ Include documentation โ Make all elements descriptive and well explained so all can understand โ File name, date, who created, purpose/objectives, input, where did data come from, calculations, output, instructions, change log* โ Include instructions โ Separate input, analysis, output โ Break down complex formulas โ Used named ranges โ Only enter data source once โ Do not put numbers directly into formulas โ Data validation and error checks โ Test the spreadsheet as you build it โ Make sure it looks nice โ Test โ Don't wait until the end โ Use sample data โ Maintain/update โ Data/formulas may change overtime โ Document changes and save a copy before changes โ Error checks should be built in โ Link all error checks โ Formula that adds up errors and display a message if they exist โ READ 2 ARTICLES- EXAM 1
Conventions for Naming Ranges
MODE.SNGL formula and usage =MODE.SNGL(Number1,[Number2]...) Returns the value that occurs most often within a set DATE formula and usage =DATE(Year,Month,Day) Returns the number that represents the date iN Microsoft Excel date-time code DATEDIF formula and usage =DATEDIF(Date1,Date2,Interval) Returns the time unit specified between two dates, including the two dates (inclusive) DAY formula and usage =DAY(Serial_Number) Returns the day of the month, a number from 1 to 31 MONTH formula and usage =MONTH(Serial_Number) Returns the month, a number from 1 to 12 TODAY formula and usage =TODAY() Returns the computer system date Upgrade to remove ads Only $2.99/month DATEDIF Function What do Date 1 and Date 2 and Interval represent? Date 1: Starting Date (older date) Date 2: Ending Date (more recent date) Interval: Days, Months, or Years (D, M, Y) Common Time Functions HOUR MINUTE SECOND NOW HOUR formula and usage =HOUR(Serial_Number) Returns the hour in a time value, from 0 to 23
=MID(text,start_numb,num_chars) Returns a string extracted from text beginning in position start_num that is num_chars long RIGHT formula and usage =RIGHT(text,[number_chars]) Returns a string num_chars long from the right side of text TRIM formula and usage =TRIM(text) Returns text with any leading, trailing, or extra spaces between words removed Why flash fill is awesome Makes data cleansing easier and faster HLOOKUP function and usage =HLOOKUP(lookup_value,table_array,row_index_num,[range_lookup]) Finds lookup_value in the top row of table_array and returns a value from row_index INDEX function and usage =INDEX(array,row_num,[column_num]) Returns a value from array by indexes specified as row_num and column_num MATCH function and usage =MATCH(lookup_value,lookup_array,[match_type]) Finds lookup_value in lookup_array VLOOKUP function and usage =VLOOKUP(lookup_value,table_array,col_index_num,[Range_lookup]) Finds lookup_value in the first column of table_array and returns a value from column_index PMT usage Calculates periodic payment for a loan based on a constant interest rate and constant payment amounts IPMT Usage Calculates periodic interest payment for a loan based on a constant interest rate and constant payment amounts PPMT usage Calculates periodic principal payment for a loan based on a constant interest rate and constant payment amounts NPV usage
Calculates the net present value based on a discount interest rate, a series of future payments, and future income IF function and usage =IF(logical_test,[value if true],[value if false]) Returns one of two values, depending on whether the statement is true or false IFERROR function and usage =IFERROR(value,value_if_error) Returns a specified value if a function or formula returns an error; otherwise, it returns the value of the function or formula AND function and usage =AND(logical1,logical2...) Returns true if logical1, logical2...logicaln all return true OR function and usage =OR(logical1,logical2...) Returns true if any one of logical1,logical2...logicaln return true #NAME
AVERAGEIF function =AVERAGEIF(range,criteria,[average_range]) AVERAGEIFS function =AVERAGEIFS(average_range,criteria_range1,criteria1,criteria_range2,criteria2) Database Function format =DXXX(database, field,criteria) In Database functions, where would AND/OR elements go in terms of the criteria range?