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Microsoft Office 2013: In Practice
Chapter 2
Working with Formulas and Functions
Copyright © 2014 by The McGraw-Hill Companies, Inc. All rights reserved.McGraw-Hill/Irwin
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Student Learning Outcomes
• Working with Cell References
• Creating and Editing Basic Formulas2.1
2.2
• Applying Mathematical Order of Operations2.3
• Working with Common Functions2.4
• Working with Financial, Logical, and LOOKUP Functions2.5
• Working with Math and Trigonometry Functions2.6
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Case Study
Paradise Lakes Resort (PLR) Vacation companyFour resort chainsIn northern Minnesota
Incorporate formulas into monthly sales workbooks!
Analyze investment
options!
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Creating and Editing Basic FormulasSLO 2.1
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Creating Basic Formulas
Formula syntax Refers to the required parts
of a formula and the rules controlling the order of the parts
Start with an = sign
Example: = B5 + B6
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Formulas
Enter Formulas• Keyboard• Select
Edit Formulas and Correct Errors • Range Finder• Formula Auditing• Evaluate Formula• Message Window• Trace Error• Circular Reference
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Working with Cell References
SLO 2.2
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Cell References
Relative
Absolute
Mixed
3D
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Cell Reference Examples
Cell Reference Reference Type
B2 Relative
$B$2 Absolute
$B2 Mixed (Column Absolute, Row Relative)
B$2 Mixed (Column Relative, Row Absolute)
Sheet2!B2 3D Relative
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Range Names
Identify a group of cellsMake interpreting
formulas easierChange the range to an
absolute reference
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3D Reference
Connect data in different workbooks or worksheets
Must click the sheet tab
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Applying Mathematical Order of OperationsSLO 2.3
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Mathematical Order of Precedence
Please Excuse My Dear Aunt Sally
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Working with Common Functions
SLO 2.4
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Common Functions
AUTOSUM
AVERAGE
COUNT
MAX and MIN
AUTOCALCULATE
TODAY and NOW
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Working with Financial, Logical, and LOOKUP Functions
SLO 2.5
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PMT Function
Calculates loan paymentsUseful for personal and
business usesAssumes the borrower
makes regular payments and the loan has a constant interest rate
Rate: Interest rate per period
Nper: total number of periods for repayment
Pv: present value (principal)
Fv: future value
Type: when payments are due (optional)
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IF Function
Evaluates a specified condition
Returns one value if the condition is true and one if the condition is false
Requires three arguments Logical test Value if true Value if false
For example, =IF(C4<=100, “Yes”,
“No”)
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LOOKUP Functions
VLOOKUP
HLOOKUP
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Working with Math and Trigonometry FunctionsSLO 2.6
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Math and Trigonometry Functions
SUMIF
SUMPRODUCT
ROUND
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Chapter Summary
SLO Summary
2.1 Create and edit basic formulas.
2.2 Use range names and relative, absolute, and mixed cell references in a formula.
2.3 Apply mathematical order of operations when using parentheses, exponents, multiplication, division, addition, and subtraction.
2.4 Use AutoSum and other common functions such as AVERAGE, COUNT, MAX, MIN, TODAY, and NOW.
2.5 Apply financial, logical, and lookup functions such as PMT, IF, VLOOKUP, and HLOOKUP.
2.6 Apply math and trigonometry functions such as SUMIF, SUMPRODUCT, and ROUND.
