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Self-Study Companion
Excel Best Practices and Financial Modeling*
Preparing Financial
P f
Professionals
i
l ffor S
Success
Excel 2010 SS Laminate v0.91.ppt
10/20/10
Introduction:
t oduct o FAQ
Q
Q: How is Excel 2010 different from Excel 2007?
A Th
A:
The E
Excell 2010 interface
i t f
(ribbons,
( ibb
etc.)
t ) iis almost
l
t identical
id ti l tto E
Excell
2007. There are some new features available. Most of the shortcuts
will be same as Excel 2007.
Q: The materials say Excel 2007 on the Self-Study Book and Flip Chart
on the cover. Will this be a problem if I have Excel 2010?
A: You will be able to effectively use the materials (with this guide).
Q Will the Online Companion
Q:
p
(or
( multimedia instruction)) be useable?
A: You will be able to effectively use the Companion (with this guide).
Q: Ok,
Ok I am ready to start.
start How should I get ready?
A: Make sure you have Excel 2010 properly installed and print out this
guide as you go through the course pack.
1999-2010 Training The Street, Inc.
All rights reserved.
Quick
Qu
c Guide
Gu de to Excel
ce 2010
0 0
Most of the shortcuts / functions are the same as Excel 2007
Key differences:
The Office button in Excel 2007 is now replaced by the File ribbon
The layout
y
of the menu items within the File ribbon is new
When
e Ope
Opening
g Files..
es
When opening a file, you may be asked to Enable Editing
Excel
ce Best
est Practices
act ces
When reviewing the Flip Chart and Online Companion, please refer to the following changes
in Excel shortcuts or technique. Note, the Excel 2007 shortcut is denoted in parenthesis.
Flip Chart
Page
Description
C
Customize
Q
Quick Access Toolbar
Alt F T Q (Alt
( F I C)
Trust Center
Alt F T T (Alt F I T)
Alt F T Q (Alt F I C)
Alt F T F (Alt F I F)
No change or edit
No change or edit
2&9
14
15 & 16
Excel
ce Best
est Practices
act ces
When reviewing the Flip Chart and Online Companion, please refer to the following changes
in Excel shortcuts or technique. Note, the Excel 2007 shortcut is denoted in parenthesis.
Online Companion
Name / Chapter
Quick Steps to
Optimizing Your Excel
Description
Trust Center
Alt F T T (Alt F I T)
Alt F T Q (Alt F I C)
Alt F T Q (Alt F I C)
Accessing
g additional p
personal settings
g
No change or edit
Conditional Formatting
No change or edit
Alt F T A A, Alt + G
((Alt F I A A,, Alt + G))
Financial
a c a Modeling
ode g
When reviewing the Self-Study Book and Online Companion, please refer to the following changes
in Excel shortcuts or technique. Note, the Excel 2007 shortcut is denoted in parenthesis.
Self-Study Book
Page
Description
18
162
Online Companion
Chapter
General comment
Chapter 2.1
Chapter 4.2, 4.5 and 5.1
Description
No change or edit
No change or edit
Commonly
Co
o y Used Shortcut
S o tcut Keys
eys
Excel 2010
v 5.1
Action
Keystroke
Action
Keystroke
Anchoring cells
25
Ctrl+Arrow Keys
A diti ttoolbar
Auditing
lb
Alt M
M (S
(See "F
"Formula
l A
Auditing")
diti ")
26
G to
Go
t precedent
d t cell(s)
ll( ) / Return
R t
Ct l+[ / F5,
Ctrl+[
F5 Enter
E t
...Trace precedents
Alt M P
27
Alt A G G or (Shift+Alt+)
...Trace dependents
Alt M D
28
Alt A H
...Remove arrows
Alt M A A
29
Alt A J
Auto sum
Alt+=
30
Alt A U U or (Shift+Alt+)
Ctrl+Shift+7
31
Ctrl+Shift+Arrow Keys
Ctrl+Underscore (Ctrl+Shift+)
32
Ctrl+Spacebar / Shift+Spacebar
Clear
Alt H E
33
Alt H O M, Alt+C
10
Comment inserting
Shift+F2 or (Alt R C)
34
Name a cell
11
Comment deleting
Alt R D
35
Alt W I / Alt W L
12
Copy / Cut
Ctrl+C / Ctrl+X
36
Page setup
Alt P S P
13
Ctrl+V or (Enter)
37
Ctrl+P or (Alt F P)
14
38
Print preview
Alt F P V
15
39
Redo
Ctrl+Y
16
D l t / Insert
Delete
I
t
Ct l / Ct
Ctrl+
Ctrl++
l
40
R
Rename
sheet
h t
Alt H O R
17
Shift+Backspace
41
Repeat
F4
18
F2
42
Replace
Ctrl+H
19
Ctrl+R / Ctrl+D
43
Alt P R S
20
44
Alt F T
21
Format cells
Ctrl+1 or (Alt H O E)
45
Undo
Ctrl+Z
22
Function inserting
Alt M F or (Shift+F3)
46
Workbooks toggle
Ctrl+Tab
23
Go to
F5 or (Ctrl+G)
47
24
48
Alt W Q / Alt W J
*These shortcuts will not work properly for Parallels, VM ware, or Boot Camp without first making some changes to your keyboard settings. Please see TTSs Setting Up Your Mac for
detailed instructions. Additionally, please hold down the Function key on your Mac to use the Page Up/Page Down, Home, End, & Delete functions.
Commonly
Co
o y Used Functions
u ct o s
Excel 2010
v 5.1
Type of Function
Absolute function
And function
Choose function
Columns function
Comp. annual growth rate
Count function
Hlookup function
If statement
Indirect function
Match function
Net present value
Offset function
Or function
Sum-of-years digits deprec.
Text function
Vlookup function
Common Use
Parity check
If statement logic
Scenarios
To count N periods (e.g., rate function)
IRR and growth over a period (1)
Data mining
Used to reference inputs on an output page
Error handling and switches
Used to change references within a formula
Used to search for specific items in a cell range
Discounted cash flow analysis (2)
Scenarios
If statement logic
Modeling depreciation
Footnotes, titles, and subtitles
Used to reference inputs on an output page
FV
1
PV
1
Formula
=ABS(number)
=AND(logical argument1, logical argument2..)
=CHOOSE(index number, value1, value2..)
=COLUMNS(reference range)
=RATE(periods, payment, -PV, FV, type)
=COUNT(value1, value2, value3..)
=HLOOKUP(lookup, array, row index, range lookup)
=IF(logical test, value if true, value if false)
=INDIRECT(ref_text, [a1])
=MATCH(lookup_value,lookup_array,[match_type])
=NPV(rate, value1, value2, value3..)
=OFFSET(reference, rows, columns, height, width)
=OR(logical
OR(logical argument1, logical argument2..)
=SYD(cost, salvage, life, period)
=TEXT(value, format of text)
=VLOOKUP(lookup, array, col. index, range lookup)
...
1
2
(1 r) (1 r)
(1 r)N
10