What are Trace Precedents? Trace precedents are cells or groups of cells that affect the value of the active cell. Microsoft Excel provides users with the flexibility of doing complex calculations using formulas such as average, sum, count, etc. However, the formulas may sometimes return wrong values or even give an error message that you…
What are Trace Dependents? Trace Dependents are defined as the cells or group of cells that are affected by the selected cell. When using the formula auditing tool, Excel displays blue arrows that link the cells that are related to the active cell. An Excel spreadsheet sometimes contain multiple formulas, and understanding the relationship between…
What are Excel Comments? When creating an Excel workbook, users can use Excel comments for various reasons. One of the feature’s uses is to explain a formula in a cell, especially when other people will use the Excel file. Also, Excel comments can also be used to add reminders or notes for other users, as…
What is Strategic Asset Allocation (SAA)? Strategic asset allocation refers to a long-term portfolio strategy that involves choosing asset class allocations and rebalancing the allocations periodically. Rebalancing occurs when the asset allocation weights materially deviate from the strategic asset allocation weights due to unrealized gains/losses in each asset class. An SAA strategy is used to…
What is a Credit Analyst? A credit analyst is a finance professional whose primary function is to assess requests for credit and, after reviewing and analyzing the financial statements, determine through due diligence if an individual or company is worthy of receiving financing. It may be the first-time issuance of funds or refinancing. On a…
List of Excel Shortcuts Excel shortcuts – It may seem slower at first if you’re used to the mouse, but it’s worth the investment to take the time and learn these important shortcuts. Below, you can find the top time-saving Excel shortcuts, including helpful Macabacus shortcuts. To master such valuable skills, check out CFI’s Free…
What is the PI Function in Excel? The PI Function in Excel returns the mathematical constant “pi.” To recap, PI is the ratio of a circle’s circumference and its diameter. Often, we would use the PI Function in Excel, especially when our business is required to do geometric calculations. These calculations entail calculating the area…
What is the ABSOLUTE Function in Excel (ABS)? The ABS Function in Excel returns the absolute value of a number. The function converts negative numbers to positive numbers while positive numbers remain unaffected. Formula ABSOLUTE Value = ABS(number) Where number is the numeric value for which we need to calculate the Absolute value. How to use the ABSOLUTE…
What is the SUMIFS Function in Excel? We all know the SUMIF function allows us to sum the data given based on associated criteria within the same data. However, the SUMIFs Function in Excel allows applying multiple criteria. Formula used for the SUMIFS Function in Excel “SUMIFS ( sum_range, criteria_range1, criteria1, [criteria_range2, criteria2, criteria_range3, criteria3, ……
