Year 12 Maths Advanced Formula Sheet
Recaredo Latreche
Learn about the ten essential advanced Excel formulas for financial analysts, including INDEX MATCH, IF combined with AND/OR, OFFSET with SUM or AVERAGE, CHOOSE, XNPV and XIRR, SUMIF and COUNTIF, PMT and IPMT, LEN and TRIM, CONCATENATE, and CELL functions. The formulas are crucial for complex data analysis, financial modeling, and enhancing spreadsheet functionality. Each formula is explained with examples, demonstrating their practical applications in financial analysis.
Every financial analyst spends more time in Excel than they may care to admit. Based on years and years of experience, we have compiled the most important and advanced Excel formulas that every world-class financial analyst must know.
This is an advanced alternative to the VLOOKUP or HLOOKUP formulas (which have several drawbacks and limitations). INDEX MATCH[1] is a powerful combination of Excel formulas that will take your financial analysis and financial modeling to the next level.
The OFFSET function on its own is not particularly advanced, but when we combine it with other functions like SUM or AVERAGE we can create a pretty sophisticated formula. Suppose you want to create a dynamic function that can sum a variable number of cells. With the regular SUM formula, you are limited to a static calculation, but by adding OFFSET you can have the cell reference move around.
These two advanced formulas are great uses of conditional functions. SUMIF adds all cells that meet certain criteria, and COUNTIF counts all cells that meet certain criteria. For example, imagine you want to count all cells that are greater than or equal to 21 (the legal drinking age in the U.S.) to find out how many bottles of champagne you need for a client event. You can use COUNTIF as an advanced solution, as shown in the screenshot below.
The PMT formula gives you the value of equal payments over the life of a loan. You can use it in conjunction with IPMT (which tells you the interest payments for the same type of loan), then separate principal and interest payments.
The above formulas are a little less common, but certainly very sophisticated ones. They are great for financial analysts who need to organize and manipulate large amounts of data. Unfortunately, the data we get is not always perfectly organized and sometimes, there can be issues like extra spaces at the beginning or end of cells.
These advanced Excel functions can be combined to create some very advanced and complex formulas to use. The CELL function can return a variety of information about the contents of a cell (such as its name, location, row, column, and more). The LEFT function can return text from the beginning of a cell (left to right), MID returns text from any start point of the cell (left to right), and RIGHT returns text from the end of the cell (right to left).
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One of the most powerful features of Google Sheets is its ability to perform calculations using formulas. Formulas are used to perform calculations on values entered into cells, making it possible to quickly and easily analyze data.
Logical functions are used to evaluate logical expressions and return TRUE or FALSE values. The most commonly used logical functions in Google Sheets include IF, AND, OR, and NOT. The IF function allows users to test a logical condition and return one value if the condition is true, and another value if the condition is false. The AND and OR functions allow users to test multiple conditions at once, while the NOT function allows users to reverse the logical value of a condition.
Lookup functions are used to search for and retrieve data from a table or range. The most commonly used lookup functions in Google Sheets include VLOOKUP, HLOOKUP, INDEX, and MATCH. The VLOOKUP and HLOOKUP functions allow users to search for a specific value in a table and return a corresponding value from a specified column or row. The INDEX and MATCH functions allow users to search for a specific value in a table and return a corresponding value from any column or row.
Text functions are used to manipulate text strings in Google Sheets. The most commonly used text functions in Google Sheets include CONCATENATE, LEFT, RIGHT, and LEN. The CONCATENATE function allows users to combine two or more text strings into one. The LEFT and RIGHT functions allow users to extract a specified number of characters from the left or right side of a text string. The LEN function allows users to count the number of characters in a text string.
Date and time functions are used to manipulate date and time values in Google Sheets. The most commonly used date and time functions in Google Sheets include TODAY, NOW, DATE, and TIME. The TODAY function returns the current date, while the NOW function returns the current date and time. The DATE function allows users to create a date value from year, month, and day values. The TIME function allows users to create a time value from hour, minute, and second values.
In conclusion, Google Sheets provides a wide range of advanced formulas and functions to help users manipulate data and perform complex calculations. By mastering these formulas and functions, users can save time and increase productivity in their work.
After you submit your email, follow along, and accept the prompts to install. Once the installation is finished, navigate to Extensions on the Google Sheets menu. Coefficient will be available as an add-on.
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A cheat sheet is composed of one or more papers that we are allowed to use during an exam, as a reminder. One can generally put the formulas necessary for the resolution of exercises in mathematics and physics for example. For my part, I always put examples that go with the theory, so as not to forget anything during the exam.
I take my favorite colors and I write on a sheet next to me: title, subtitle, example, definition, and I often use green for the benefits and red for the disadvantages. I also use a specific color in mathematics when I put a method of checking my answer so that it is highlighted on my sheet.
On my sheets, I always put all of the theory as well as examples of exercises to accompany them by order of courses or chapters. Every week, when I do exercises, I identify in the margin of my notebook the exercises that use specific notions I need to remember, or that have been difficult. I write these exceptions in the margin in red in order to remember.
I always make my note sheets in order. I start from the first chapter, write all of the theory seen in this course and then put the associated examples. Sometimes, I write the theory on one side of my paper and all the examples on the other side of the paper. It depends on the type of course and what suits it better!
My cheat sheets take me between 6 and 9 hours to make, sometimes even 11 hours. In general, it takes me 1 hour per column on a sheet. You have to be careful because you can hurt your neck by working so long with your head bent over as you write. So I try to make my cheat sheets over the span of 2 or 3 days when possible!
Yes, very often. As I had 5-6 courses in mathematics and physics, the subject often intersects with old topics. So I use past sheets of notes to understand the new theory. I keep my cheat sheets organized and classified to remind myself of the theory a few years later. In my opinion, they are a good summary of a subject.
I hope this article will help you make your future cheat sheets and that you will be successful! Feel free to leave a comment if you have questions that I have not answered yet, I will be happy to answer them.
Hey Marie, Recently my professor has sent 2 videos and asked me to write cheat sheets ?? what does it mean, do I need to copy the info from the video? or I have to do it by myself means writing the definitions on my own? please help me with this.
Hello Arjun! I think he would be the best person you could ask what he meant by the cheat sheet! But if it were me, in my country (because it could be different elsewhere), it means to understand the videos, condense the info and write on a sheet of paper what you would need to remember for a test or assignments. Good luck!
Hi Marie,
Thank you so much, appreciate your job, it is really helpful to me, got a lot,
actually I used to do the same method from my brain,very similar to the CHEAT SHEET but you teach me perfectly, thank you.
Gila
Students set to sit their GCSE exams in 2024 could receive additional support materials, as the Department for Education (DfE) asks Ofqual to make arrangements to continue providing formulae and equation sheets for one more year.
Following a consultation, the proposal would see students provided with enhanced formulae and equation sheets to support them in mathematics, physics, and combined science GCSEs, as was the case for 2023 exams. This means students will not have to memorise formulae, as they need to in a normal year.
These proposed arrangements recognise the disruption this cohort of students experienced during their secondary education due to national school closures during the pandemic while these pupils were in year 7 and 8.
Ofqual is launching a consultation on this today (Thursday 16 November) to get insight from the sector on introducing this expectation, and it will run for two weeks, ending on 30 November 2023 at 11:45pm.
You can use other formulas to build the list of column IDs inside the QUERY function, to save having to type them out. For example, this formula selects column 1 and 2, and then uses a reduce function to select columns 5 to 105: