Excel Formulas YOU NEED for Business & Finance Roles
Kenji Explains・14 minutes read
Kenji shares Excel formulas for business, demonstrating tasks like removing duplicates, creating tables, calculating quantities, and using conditional formatting. He also introduces MeisterTask as a task management tool and shows how to set up data validation and manipulate data using functions like XLOOKUP and CONCATENATE in Excel.
Insights
- Kenji provides practical Excel tips for business and finance professionals, including removing duplicates, using functions like UNIQUE and TRANSPOSE, and applying SUMIFS for calculations.
- Kenji showcases advanced Excel features like conditional formatting, data validation, and XLOOKUP, alongside introducing productivity tools like MeisterTask, emphasizing efficiency and organization in data management and task tracking.
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Recent questions
How can Excel be used for business and finance?
Excel can be utilized for business and finance by employing various functions such as removing duplicates, using the UNIQUE function to eliminate repeated data, TRANSPOSE function for switching data orientation, SUMIFS function for calculating quantities based on criteria, and conditional formatting to highlight specific cells. These functions aid in data analysis, organization, and visualization, making Excel a valuable tool for professionals in business and finance roles.
What task management tool does Kenji introduce?
Kenji introduces MeisterTask as a task management tool for productivity, offering customizable reports and kanban boards. MeisterTask allows users to efficiently manage tasks, collaborate with team members, track progress, and prioritize work effectively. With its user-friendly interface and versatile features, MeisterTask is a valuable tool for enhancing productivity and project management.
How can data validation be set up in Excel?
Data validation in Excel can be set up by creating a drop-down list of dates using the data validation feature. This allows users to select dates from a predefined list, ensuring data accuracy and consistency. By using data validation, errors in data entry can be minimized, and the quality of data maintained for analysis and reporting purposes.
What functions can be used to split and combine data in Excel?
Excel provides functions such as text to columns and CONCATENATE for splitting and combining data, respectively. The text to columns feature allows users to separate data into different columns based on a delimiter, such as a space or comma. On the other hand, the CONCATENATE function enables users to combine data from multiple cells into a single cell, providing flexibility in data manipulation and formatting.
How can spaces be created in Excel using the ampersand sign?
Spaces can be created in Excel using the ampersand sign by placing it before and after the space within quotations, then pressing Enter. This method allows for the insertion of spaces between text or data entries, enhancing readability and formatting in Excel spreadsheets. By utilizing the ampersand sign, users can customize the layout of their data and improve the overall presentation of information.
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Summary
00:00
"Kenji's Excel Tips for Business Analysts"
- Kenji shares useful Excel formulas for business and finance roles, with a downloadable Excel file available.
- Working as analysts at Apple, Kenji demonstrates removing duplicates in Excel using Ctrl+Shift+Down Arrow and Ctrl+H.
- Kenji shows how to use the UNIQUE function to remove duplicates in a column in Excel.
- To create a table with quantity per region and product, Kenji uses the TRANSPOSE function to switch vertical to horizontal data.
- Formatting the table, Kenji adds borders and bolds text for clarity.
- Using the SUMIFS function, Kenji calculates quantities based on criteria like region and product in Excel.
- Kenji demonstrates conditional formatting in Excel to highlight cells with quantities greater than 500.
- Kenji introduces MeisterTask as a task management tool for productivity, offering customizable reports and kanban boards.
- In Sheet 2, Kenji sets up data validation for a drop-down list of dates and uses XLOOKUP to retrieve revenue data based on the selected date.
- Kenji splits raw data into first name, last name, product, and price using Excel's text to columns feature and CONCATENATE function for combining first and last names.
11:19
Ampersand sign for flexible Excel spacing.
- Use the ampersand sign to create spaces in Excel by placing it before and after the space in quotations, then press Enter; this method allows for flexibility in inputting various data.
