...How to use Microsoft Excel for financial calculations? Microsoft Office Excel is a great computer program that is widely used throughout the financial industry. Excel is an invaluable tool in Finance and Accounting. Of course professionals also use special financial calculators. But a financial calculator can be expensive for students. It is not intuitive to use and unless they become investment bankers or realtors, most students will never use it after finishing the financial course. Fortunately, it is very easy to create a financial calculator for free if you have Excel on your computer. In fact, an Excel calculator can do much more than a dedicated financial calculator. Another advantage is the fact that if you learned how to use financial functions of Excel you will be able also to use a special financial calculator should the need arise. Below is a short introduction of how to start using MS Excel for financial calculations. Inserting Functions Excel comes with a wide array of functions that can easily be inserted into a spreadsheet. Adding a function is as easy as clicking on the "Insert Function" button on the top tool bar. Insert Function Button If you don't see the "Insert Function" button on your tool bar, you can easily add it by clicking: Tools > Customize > Commands > Find and click on Insert in the left-hand scroll-down menu. Then, find "Insert Function" in the right-hand scroll-down menu and click and drag it to your tool bar. Clicking on the "Insert...
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...Importance of excel in financial mathematics Institution Date When preparing financial records it is important to know how to make them professional for people and organizations. Most time is spent in the ledger and report preparation, it cannot be done without the good knowledge of preparing business records manually, however it is more simple to do it in Excel (Reeve, Warren, & Duchac, 2012). Most people use simple Excel functions such as add, multiply, divide and subtract to do simple financial mathematics; Excel has more advanced formulas and functions that can be used to do more in the preparation of financial accounting records. Advanced functions and formulas in excel are reliable in preparing spreadsheets and data manipulation, one is VLOOKUP it aids in information search about product information by use of a unique product id, HLOOKUP also helps to find product information, it does so vertically. Many people think that proper thinking and planning is not only what makes a business successful, but business accounting records are important. Business accounting records are used in a business to identify cash flow in a business. These Business accounting records are prepared in Excel. There are a few simple steps involved in preparing business accounting records in Excel, first is the preparation of a ledger book, then entering the records in a spreadsheet and ensuring they are well balanced. In preparation of business reports there...
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...Cyrus Brown Manufacturing (CBM) Sales Budget March April May June July August September October November $100,000 $275,000 $320,000 $450,000 $700,000 $700,000 $825,000 $500,000 $115,000 Cyrus Brown Manufacturing (CBM) Schedule of Cash Collections March April May June July August September October November Month of Sale (25%) $25,000 $68,750 $80,000 $112,500 $175,000 $175,000 $206,250 $125,000 $28,750 Following Month (55%) $55,000 $151,250 $176,000 $247,500 $385,000 $385,000 $453,750 $275,000 Second Month (20%) $20,000 $55,000 $64,000 $90,000 $140,000 $140,000 $165,000 Total Collections $25,000 $123,750 $251,250 $343,500 $486,500 $650,000 $731,250 $718,750 $468,750 Cyrus Brown Manufacturing (CBM) Schedule of Cash Disbursements March April May June July August September October November Direct Manufacturing Costs $187,500 $206,250 $375,000 $337,500 $431,250 $640,000 $395,000 $425,000 Administrative Salaries $35,000 $35,000 $35,000 $35,000 $35,000 $35,000 $35,000 $35,000 $35,000 Lease Payments $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 Depreciation Charges $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 New Plant Investment $95,000 Income Tax $55,000 $55,000 Miscellaneous Costs $10,000 $10,000 $10,000 $10,000 $10,000 $10,000...
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...Bookkeeping changes through the years When bookkeeping first started with the creation of the abacus to follow the estimations in business the accounting started. They started with an adding machine that helped accountants with mathematical solutions. We came up with the calculator for information accuracy that helped add the big numbers ("The Evolution Of Technology For The Accounting Profession ", 2011). With all the new gadgets to help them calculate the figures they still needed to keep track of the financial information on paper. Twentieth Century At the end of the century came computers and accounting software that changed everything. Pencils, calculators, and ledgers were eliminated with the Microsoft Excel spreadsheet program ("How To Use Microsoft Excel For Accounting", n.d.). With the processor, a bookkeeper can complete mathematical accounting or planning study with more competence than ever before. Excel was created to maintain bookkeeping purposes such as financial, making budgeting statements, and creating adjusting papers. It helps to create a budget, cash-flow statements and profit-and-loss statements, the most complex documents in accounting. The Wi-Fi Technology With the Wi-Fi, Technology accountants can be clear across the country and work with...
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...DeVry University Keller Graduate School of Management Creating a Database for Storing and Managing Church Members’ Record for R.C.C.G. Heaven’s Gate Gbolade O. Soneyin gsoneyin@my.keller.edu (770) 598-5006 MIS-535-18371 Managerial Applications of Information Technology Professor Tanya Cannon Thursday, February 12, 2015 Table of Contents Subject of Course Project 3 Business Problem Stated 3 Name of the Organization 3 Proposed Solution 3 General Benefits 4 Audience 4 References 5 Abstract To help Heaven’s Gate move away from tracking its members on spreadsheets and paper, move to a database application that will not only track members, but also track department activities, members contributions, and do it all via the least economically, but yet effective, easily accessible and requiring limited technical or IT expertise to maintain. Keywords: RCCG, Database, Church, Heaven’s Gate, Application, Church Management Company Background Heaven’s Gate is one of many parishes of the Redeemed Christian Church of God (RCCG), headquartered in Lagos, Nigeria; finding out exactly how many parishes of the church existed was next to impossible. In her well-detailed article on the church, Olufunke Adeboye wrote about the church from 1952-2005. Founded by Josiah Olufemi Akindayomi in 1952, after receiving vision to write down the church’s name on a wooden board, this despite the fact the man was unschooled at the time; he cannot read nor know how to write. After writing...
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...Types of Information Systems XACC 210 XXXXXXXXXXXXXX The type of information that we use in our accounting department is Yardi, and Microsoft Excel, and PowerPoint. Yardi Systems is the property management software leader for real estate clients worldwide. Yardi provides integrated property management software & investment management solutions for all real estate verticals allowing owners, managers, investors & other stakeholders access to information specific to their needs. Yardi is also used for our daily journal entries, payables, and receivables, and other accounting functions that we need to have interoffice transaction done between our other office in Philadelphia, Washington D.C.; New Castle, DE; Baltimore, MD; and Bordentown, NJ. The other information system that we use is Microsoft Excel we use it for all spreadsheets, using a grid of cells arranged in numbered rows and letter-named columns to organize data manipulations like arithmetic operations. It has a battery of supplied functions to answer statistical, engineering and financial needs. In addition, it can display data as line graphs, histograms and charts, and with a very limited three-dimensional graphical display. It allows sectioning of data to view its dependencies on various factors for different perspectives (using pivot tables and the scenario manager). It has a programming aspect, Visual Basic for Applications, allowing the us to employ a wide variety of numerical methods, for example...
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...Houston - Victoria in May 2015. I have one year experience as a real estate appraiser trainee with First Choice Appraisal compiling and analyzing data, inspection of properties, and report writing. My degree in Finance has given me the opportunity to apply financing strategies to the cost figures of an appraisal report. The financial fundamental and real estate investment classes have taught me to evaluate interest rates, asset prices and, cash flows that are essential in appraisal reports to determine the highest and best use of the property. The classes also allowed a “hands-on” experience with Microsoft Office Word and Excel which are commonly used in this industry to create reports and charts. These skills have allowed me to create professional formatting and charts to help banks and clients understand the determined market value of a property. During my year of experience as a trainee I have learned that this field is very meticulous. The skills I have developed have allowed me to pay attention to close details about the property that are important and describe conditions as is exactly. I am also able to easily identify financial errors when calculating sales comparison, cost, and, income capitalization...
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...| | | | Contents Document Control ii Enable Project Expenditure Types for Expense Report Entry 1 AP: Define Expense Report Templates 2 AP: Define Financials Options 3 AP: Set Expense Check Reimbursement Address 3 AP: Define Expenses Clearing Account 3 AP: Define Payables Options 4 AP: Establish Multiple Currencies Setup 4 AP: Defining Expense Report Options 4 Assign Signing Limits 6 Define iExpense Policies 7 Set Up Required Expense Fields 7 Enable Expense Allocations 8 Define Receipt Notification Rule Set 9 Assign Receipt Notification Rule Set 10 Define Mileage Rate Schedule 11 Complete Mileage Expense Type Definition in Payables 12 SA: Define Profile Options 13 System Administration Integration 18 Customize the Internet Expenses Workflow 19 Define a new OIEADMIN Role 19 Define Workflow Notification Performers 20 Change the Find Approver Method 21 Personalize Expense Report Submission Instructions 22 Integrating with Oracle Projects Summary 23 7. Enable the Display of Project and Task. Use the Region Items window to enable the display of project and task information. You need to perform this step in order to view projects and tasks in View Expense Report History. 24 Set Up Offline Expense Spreadsheet Template 25 Configure the Expense Report Sheet 25 Testing a New Custom Microsoft Excel Template 28 Save the spreadsheet to the database 29 Other Configuration Considerations 30 Open and Closed Issues 31 Enable Project Expenditure Types for...
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... Beta is a key parameter in the Capital Asset Pricing Model (CAPM) which is most commonly used asset pricing model for the estimation of required rate of returns on a share (i.e. cost of equity=rE). This assignment consists of two parts. Part I directs you to work with real financial data in Excel and aims to take you through the basic exercise of estimating a company beta and computing statistics which can be evaluated as part of investment decision-making process. Part II requires you to write a report based on interpretations of the outputs obtained from the first part. In this manual, you will also find out how to download historical share price, market index data and interest rates from the web portal. ➢ Details of Questions PART 1 [30 marks] To successfully complete PART 1, please read each section carefully. You must read “Format and printing requirement” before you produce any outputs. I also encourage you to read the entire manual before you choose your companies for analysis. If you have read “Format and printing requirement”, then proceed. Provide your answers (or outputs) for the following questions. All the calculations and computations are required to be produced in Excel (This manual has been designed for you to do this assignment using...
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...Spreadsheet Modeling Assignment 1. Objectives The purpose of this assignment is to use some of the more advanced tools that Excel provides to develop a model of a complex business problem. In particular, you will use the following Excel features: 1. Importing data from text files 2. Sorting data 3. Database functions 4. Pivot Tables 5. Data Tables 6. Goal Seeking 2. What You Will Need 1. Access to a computer with a printer and Excel 2007. 2. Note that the instructions in this handout are written for Excel 2007. There are significant differences in user interface between Excel 2007 and 2003. 3. Download the following three files: Mymodel.xls, labor.txt, and demand.txt. 3. What You Will Hand In 1. a CD containing the model your group develops - on the outer label, write the course number, group number, the name of each group member 2. two full-page charts (with your course number and group number as a footer) 3. four worksheet printouts (with your course number and group number as a footer) 4. Make sure your CD is free of any computer virus. A contaminated CD will result in a 50% penalty in grade! 4. Due Date Check the course syllabus for assignment due date. A penalty will be assessed against assignments handed in late (including during class). 5. Background You work for the NOVA Corporation, a mid-tier supplier of hoses and hose assemblies...
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...Riordan Mfg. SR-rm-002 Hector Medina BSA375 July 31, 2014 Daniel D'Urso Riordan Mfg. SR-rm-002 Riordan Manufacturing has an established computer system which was installed in 1992 and is more of a financial system. This system keeps track of personal information, pay rate, tax exemptions, hire dates, seniority dates, organizational information, and vacation hours for the employee. Conducting interviews to get a better understanding of operations and establish objectives for the human resource system to implement. Questionnaires and surveys can be sent to several individuals to assist with the research and observation process. With the lack of an automated HR system, employee changes are submitted in writing to their manager and then manually entered by a clerk. The use of excel spreadsheets is good, but a more sophisticated system is needed in place for office efficiency and time saving efforts to allow for job focus. Riordan Manufacturing has an outsourced workers’ compensation third party which keeps its own records. The current system lacks a central employee database the managers that are keeping their employee records locked in their offices is not taking advantage of the current IT tools and systems available. Riordan Manufacturing project goals should include a Human Resource Information System with some training of the new system for HR members and interview to discuss what is needed and would work for them to better customize the new program. The technical...
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...Welcome to Financial Models in Excel Situation report 1 / 17 • Peter Raahauge Department of Finance Office: A 5.21, Solbjerg plads Background: ˚ – PhD in economics (Arhus) 1999 – System developer (Simcorp) 1999-2000 – Assisting/Associate Professor/Lecturer (CBS) 2000-2012 2 / 17 • Goal The overall goal • Practical implementation of financial theory How to get there? • Exercise-based (solving “real world” problems) • IT-based, everything based on Excel (and VBA) • Professional data source: Datastream Results • • • • Better understanding of (known) financial theory Better Excel-skills Better feeling with real world data All in all: Easier to get started (at your thesis/job) 3 / 17 1 Examples of skills after the course In half a work-day (or 4 hours exam :-) you will be able to solve one of these problems: • • • • Form a reasonable stock portfolio. Price an option, (Eur, Amr, Ber, Asian) Estimation of the term structure, (cubic spline). Predict the standard deviation of stock returns for next week, (basis for risk management). - You know the theories, but it will take you half a “term paper” to get an answer if you have not tried it before. 4 / 17 Structure of the Lessons 15 lessons (2 hours lecture and exercises) 14 has the following structure: 1. 2. 3. 4. E-lec: Review of last weeks exercise E-lec: Financial theory and Excel for next exercise You solve the exercises (guiding solution available) Physical lecture: Your questions / problems...
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...experience with Microsoft Excel Randall W. Broyles Trident University International From being designed primarily for personal productivity, Microsoft Excel is inherently a personal productivity database meant for individual and the small business. While enterprise database management applications and platforms are meant for much greater and wide-spread use across organizations. Microsoft Excel has progressed from a relative simple calculation program to a more advanced database application through the use of Microsoft Visual Basic and other programming languages that have been integrated into the baseline application. Microsoft Excel has many wonderful features to offer the small business and personal user. Excel is the most widely known for its spreadsheet function, though it has numerous other uses. Spreadsheets are useful to any type of circumstances. For example, a spreadsheet can be used as a personal checkbook, or a professor’s grade book. Invoices and budgets can be prepared with Excel as well. Excel is extremely useful in the decision making process and the Goal Seek command can even be used to return specific results that you are looking for. Another popular function of Excel is the ability to prepare and maintain to produce results that meet a specific criteria. For instance, a certain stock broker might use these commands to return a list of customers who have sold certain stocks over the past two years or more. Lists created in Excel can be converted to...
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...AACS1733 Information Technology and Systems ASSIGNMENT 2010/2011 Objective This coursework aims to provide students an opportunity to explore the use of Microsoft Excel and PowerPoint so as to enhance their understanding of the application software features in spreadsheet and presentation. Grouping This is a group-based assignment. Student may form a group of minimum 4 students and maximum 5 per group (ACCORDING TO ATTENDANCE LIST NAME SEQUENCE). A group leader is to be selected to ensure equal allocation of tasks among each student in the group before assembling a complete assignment report. Plagiarism All work is to be the result of the student's own individual and group effort. Assignment contents are not allowed to be copied from the Internet or from other students. A student who plagiarizes will receive zero point credit on the assignment. Late Policy The assignment should be submitted on the due date stated below unless there is any legitimate reason as to why it is impossible for the student to complete the assignment. As a general rule, no extension of time will be granted. Assignment received after the due date without legitimate reason will be penalized. Submission date: 6/12/2010 (Monday) (Week 11) Assignment return week: Week 14 Assessment This assignment is worth 40% of the overall course assessment. The marks allocations are divided into 2 categories. The first category is an individual mark which is awarded based on each...
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...Commonly Used Shortcut Keys v13.0 Excel 97-2003 Action 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 Keystroke F4 (in edit cell mode (F2)) Alt T U Alt T U T Alt T U D Alt T U A Alt+= Ctrl+Shift+7 Ctrl+Underscore (Ctrl+Shift+–) Alt E A Shift+F2 or (Alt I M) Alt E A M Ctrl+C / Ctrl+X Ctrl+V or (Enter) Ctrl+C, Alt E S T Ctrl+C, Alt E S F Ctrl+– / Ctrl++ Shift+Backspace F2 Ctrl+R / Ctrl+D Ctrl+Shift+P Ctrl+1 or (Alt O E) Alt I F or (Shift+F3) F5 or (Ctrl+G) 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 Action Go to end (contiguous range) Group rows or columns ...Hide grouped range ...Show grouped range ...Ungroup rows or columns Highlight a contiguous range Highlight entire column / row Move a sheet / Copy a sheet Name a cell Page Break Preview / Normal Page setup… Print Print preview Redo Rename sheet Repeat Replace Set print area Tools options Undo Workbooks – toggle Worksheets – move between Zoom – sizing / return to 100% Keystroke Ctrl+Arrow Keys Alt D G or (Shift+Alt+) Alt D G H Alt D G S Alt D G or (Shift+Alt+) Ctrl+Shift+Arrow Keys Ctrl+Spacebar / Shift+Spacebar Alt E M / Alt E M, Alt+C Alt I N D or (Ctrl+F3) Alt V P / Alt V N Alt F U… Ctrl+P or (Alt F P) Alt F V Ctrl+Y Alt O H R F4 Ctrl+H Alt F T S Alt T O… Ctrl+Z Ctrl+Tab Ctrl+Page Up / Ctrl+Page Down Alt V Z / Alt V Z 1 Preparing Financial Professionals for Success Anchoring cells Auditing toolbar ...Trace precedents ...Trace dependents ...Remove arrows...
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