What is the ISOWEEKNUM Function? The ISOWEEKNUM Function in Excel is a Date & Time Function used for finding out the ISO week number of the year for the given date value (e.g., week number 37 of 52 weeks in a year). The function was introduced in MS Excel 2013. Formula =ISOWEEKNUM(date) Where date is…
What is the AVERAGEA Function? The AVERAGEA Function in Excel is a Statistical function. The function calculates the average of a group of supplied values. It differs from the AVERAGE function, as it evaluates the logical values TRUE and FALSE, and numbers represented as text, whereas AVERAGE just skips these values during calculation. The AVERAGEA…
What is the DAY Function? The DAY Function is categorized under Excel Date/Time Function. In financial modeling, we often need to analyze time-series data such as revenue. For example, in a restaurant business, we might be interested in knowing which day of the week is the busiest or in finding out if there is a…
What is the DAYS360 Function? The DAYS360 Function in Excel is categorized under Excel Date/Time functions. This function helps to calculate the number of days between two dates, based on a 360-day year. As a financial analyst, the DAYS360 Function in Excel becomes useful in preparing reports such as an Aging schedule for debtors or…
What is the DATE Function? The DATE Function in Excel is categorized under Excel Date/Time Functions. It is the main function used to calculate dates in Excel. The DATE function is very useful for financial analysts because financial modeling requires specific time periods. For example, an analyst can use the DATE function in Excel in…
What is the AREAS Function? The AREAS Function in Excel is an Excel Lookup/Reference function. This function will take an Excel reference and return the number of areas that make up the reference. It is available starting from MS Excel 2007. Formula =AREAS(reference) The AREAS function uses the following argument: Reference (required argument) – This…
What is a Put Swaption? A put swaption, also referred to as a payer swaption, involves the buyer being given the opportunity to enter into a rate swap, acting as the floating-rate payer. The party selling the swaption is the floating rate receiver. Because it is an interest rate swap, it means that the buyer…
What is a Call Swaption? A call swaption, also known as a receiver swaption, is an option that allows the holder to take part in a private tax rate swap. All swaptions are conducted over-the-counter (OTC), meaning they are not standardized contracts. In order to participate in a call swaption – or any swaption –…
What is the ISFORMULA Function? The ISFORMULA Function is categorized under Excel Information functions. It will test a specified cell to see if it contains a formula. If it does contain a formula, then it will return TRUE. If not, then it will return FALSE. The ISFORMULA function was introduced in MS Excel 2013. The purpose…
What are Forward Commitments? A forward commitment refers to a contractual agreement between two parties to carry out a planned transaction, i.e., a transaction in the future. Forward commitments differ in terms of their structure and the exact contracting mechanism. Some common forward commitments are forward contracts, futures contracts, and swaps. How They Work When…
