ACOT Intro/Copyright Succeeding in Business with Microsoft Excel 2010: Chapter1

Course Learning Outcomes Upon completion of this course, students will be able to: Navigate online computer platforms to acquire and distribute information. Apply Excel skills and tools in business problem solving. Solve problems with statistical analysis tools. Apply logic in decision making. Retrieve data for computation, analysis, and reference. Evaluate the financial impact of loans and investments. Organize data for effective analysis. Apply data tables and excel scenarios for what-if analysis. Synthesize smart worksheets. Enhance decision making with Solver. Succeeding in Business with Microsoft Excel 2010: Chapter2

Roadmap Succeeding in Business with Microsoft Excel 2010: Chapter3 Applying Fundamental Excel Skills and Tools in Problem Solving Chapter 1

Chapter Objectives Identify and correct common Excel error messages, correct basic formatting problems, correct errors in formulas, and understand precision vs. display of cell values. Develop and integrate multiple worksheets, understand and apply functions. Design, organize, and implement a workbook. Succeeding in Business with Microsoft Excel 2010: Chapter4

Basic Worksheet Succeeding in Business with Microsoft Excel 2010: Chapter5

Examining a Basic Worksheet for Errors Succeeding in Business with Microsoft Excel Level 1 home

Excel Error Messages Succeeding in Business with Microsoft Excel Level 1 home

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Correcting Formatting Problems Modifying column width – Double-click column dividing line to make the column as wide as the longest entry – Drag column dividing line to desired width – Click format button in Cells group on Home tab - Click Auto-fit Column Width Checking error messages (Error Alert button) Formatting numbers Inserting and aligning a title Succeeding in Business with Microsoft Excel Level 1 home

Modifying Column Width Modifying column width – Double-click column dividing line to make the column as wide as the longest entry – Drag column dividing line to desired width – Click format button in Cells group on Home tab - Click Auto-fit Column Width Succeeding in Business with Microsoft Excel 2010: Chapter10

Checking Error Messages (Error Alert button) Succeeding in Business with Microsoft Excel 2010: Chapter11 Checking error messages (Error Alert button)

Formatting Numbers Succeeding in Business with Microsoft Excel Level 1 home

Modifying Cell Formatting Succeeding in Business with Microsoft Excel Level 1 home

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Documenting a Worksheet Succeeding in Business with Microsoft Excel Level 1 home

Worksheet after Correcting Formatting Problems Succeeding in Business with Microsoft Excel Level 1 home

Correcting Errors in Formulas Print the worksheet in two different formats – Default format (displays values) – Format that displays formulas Succeeding in Business with Microsoft Excel Level 1 home

Checking Simple Formulas for Accuracy Succeeding in Business with Microsoft Excel Level 1 home

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Determining Order of Precedence Rules Succeeding in Business with Microsoft Excel Level 1 home

Understanding Precision Versus Display of Cell Values Excel can display values in several different formats without changing the precise value stored in the program Succeeding in Business with Microsoft Excel Level 1 home

Understanding Precision Versus Display Succeeding in Business with Microsoft Excel Level 1 home

Checking Accuracy in Formula Updates Succeeding in Business with Microsoft Excel Level 1 home

Checking Accuracy in Formula Updates Succeeding in Business with Microsoft Excel Level 1 home

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Succeeding in Business with Microsoft Excel 2010: Chapter26

Working with Multiple Worksheets Succeeding in Business with Microsoft Excel Level 2 home

Functions Predefined formula that performs calculations Structure – Function name and open parenthesis mark – Arguments (list of inputs in a specific order, separated by commas) – Closing parenthesis mark Has its own syntax (specifies function name and order of arguments) Behaves according to its algorithm (rules programmed into the function) Succeeding in Business with Microsoft Excel Level 2 home

Calculating Totals Using the SUM Function SUM function – Adds a list of values and/or cell ranges Excel has an AutoSum feature for quick calculation Succeeding in Business with Microsoft Excel Level 2 home

Inserting a Function into a Formula Succeeding in Business with Microsoft Excel Level 2 home

Common Excel Functions Succeeding in Business with Microsoft Excel Level 2 home

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Calculating Average, Minimum, and Maximum Values Succeeding in Business with Microsoft Excel The AVERAGE function ignores blank cells and cells with text. Level 2 home

Calculating the Number of Values Using COUNT and COUNTA Functions Succeeding in Business with Microsoft Excel COUNT function ignores blank cells and cells with text; COUNTA function does not ignore text cells. Level 2 home

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Creating a Budget Workbook Succeeding in Business with Microsoft Excel Setting up a preliminary budget Level 3 home From your earlier analysis of material and labor costs and with new information provided, you know the following about the original option: Material costs total $50.15 per shoe. Labor costs total $7.33 per shoe. Overhead costs are calculated as 25% of the direct labor costs. Selling expense is calculated at $10 per pair of shoes, or $5 per shoe.

Organizing the Workbook Succeeding in Business with Microsoft Excel Level 3 home Inputs and outputs on separate worksheets One worksheet for each quarter with all inputs and outputs for all three pricing alternatives on a single worksheet One worksheet for each pricing alternative with all inputs and outputs for all four quarters on a single worksheet

Understanding Relative Cell Referencing Allows use of a “general” formula over and over again, but with a different set of numbers Can also copy formulas using the fill handle Succeeding in Business with Microsoft Excel Level 3 home

Relative Cell Referencing Succeeding in Business with Microsoft Excel Excel automatically alters the new formula relative to the location of the original formula Level 3 home

Understanding Absolute and Mixed Cell Referencing Absolute cell referencing – To indicate that a cell reference (both column and row) – or even a part of a cell reference – should remain unchanged when copying – Syntax = $ before column letter, before reference number, or both Mixed cell referencing – A cell reference that has only one $ – Common when you need to copy a formula both down a column and across a row at the same time Succeeding in Business with Microsoft Excel Level 3 home

Understanding Absolute and Mixed Cell Referencing Succeeding in Business with Microsoft Excel The formula entered in cell C11 applies absolute and mixed cell referencing Level 3 home

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Other Cell Referencing Techniques Naming a cell or cell range Writing a formula to subtotal the cost of goods sold Writing a formula to calculate selling expense Writing a formula to calculate projected earnings Succeeding in Business with Microsoft Excel Level 3 home

Completing the Budget Worksheet Succeeding in Business with Microsoft Excel Level 3 home

Completing the Budget Workbook Succeeding in Business with Microsoft Excel Level 3 home

Completing the Budget Workbook Succeeding in Business with Microsoft Excel Level 3 home

Chapter Objectives Identify and correct common Excel error messages, correct basic formatting problems, correct errors in formulas, and understand precision vs. display of cell values. Develop and integrate multiple worksheets, understand and apply functions. Design, organize, and implement a workbook. Succeeding in Business with Microsoft Excel 2010: Chapter54