08 10 2015
This Blog was initially called Excel 2007 with ExcelMaster. Time has passed now and we’ve got Excel 2016
Anyway, this Blog contains an ever growing set of detailed pages on How to … do things and pages of simple but very useful Tips.
17th February 2017: this is a biffy. Programming linear and non linear formulas using LINEST. The page for that is here and it takes concentration but is otherwise not too bad to do! Menu Excel Tips … Other Tips
3rd February 2017: A bit late but happy new year everyone. Here is a post for anyone who is new to Power Query. I came across question on Quora that is best answered by using Power Query’s merge feature. Sagar Malik answered the question and I reworked Sagar’s effort and added one change … by reading Sagar’s answer and mine you have the full monty! Thank you Sagar for your insights.
30th December 2016: Click on a slice of a pie and reveal a column chart … search the web for this and you will come across some fancy things like chart event … no need for that. Excel How to … Charting menu to see this page: https://excelmaster.co/pie-to-column-chart/
29th December 2016: an analysis of the heights and weights of English Premier League footballers. The main text is contained in a PDF file that is free to download and there is a free Excel file for you too. I put this in the Excel How to … Excel Functions menu and here is the direct link anyway: https://excelmaster.co/epl-player-heights-and-weights/
24th December 2016: How to shrink a formula by 1138 characters in one cell. I just answered a question on Quora. The person wanted to know if this could be simplified: =IF(B2=”IDR”,C2,IF(B3=”IDR”,C3,IF(B4=”IDR”,C4,IF(B5=”IDR”,C5,
“None Here”))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))). I gave him this alternative: =VLOOKUP(Specific,B2:C93,2,0). From 1166 characters to 28!
19th November 2016: obesity is a disease and this page illustrates the extent o that disease in England.
9th November 2016: I have updated my depreciation model again. You will find the original pages in this blog under the NEW menu sub heading of Accounting. In addition, my new page is there too. In truth, it concerns he depreciation of cars in Bangkok and in Melbourne. I am changing my menu structure by adding new headings … you will see more clearly as I move things around and the menu shrinks in length.
25th October 2016: As promised last week at the end of my seminar in Manila, I have added a multiple worksheet scenario model: it seems to work quite well. Let me know if this meets your needs! The page is here! Excel How to … Other menu …
8th October, 2016: Go to the How to Menu … Others to learn about Flash Fill courtesy of some GIFs. Flash Fill should be a massive time saver for you and it could mean that you never need to sue LEFT, MID and RIGHT again.
4th September 2016: A second page on life expectancies. In this case, I don’t share the file with you, unless you ask for it; and what this page concerns is the interpretation of a correlation matrix of life expectancies by country and then by a series of potentially explanatory factors. How to … Other menu … here
19th August 2016: There is a post on Top Tips from my course this week … that mean it’s a post and not a page so it follows this section, below … scroll down to read it! There is a page on the How to Other menu called CAGR … RRI … what’s the truth? and that is aimed at finance practitioners and students.
19th June 2016: 1 How about finding the IRR of a Perpetuity? I came across a question on that on quora.com and answered it. I know I did not answer the question in the way the questioner was asking but I like my answer anyway! IRR of a Perpetuity in the How to … Other menu … here
2 Secret Graph and Graph Your Name. You can create graphs without having any data on a work sheet … did you know? That means you can put just about anything you like on a graph. It’s a bit dot matrix but it works and with your flair and imagination it could look magical! Excel How to charts menu … here
31st May 2016: You know you want to know how to prepare your own population pyramid in Excel. Well now’s your chance. This new page is on the Excel How to … Charting … … but click here to go straight there! 1st June 2016 … I have UPDATED this page and the Excel file …
25th May 2016: Do you use LINEST? Try this, then, if you want your output to have more flexibility. Combine INDEX and LINEST. See the page of that name under Excel How … Others … menu
2nd May 2016: a page about library fines … from almost 70 years ago … present values and so on. Menu … how to … other!!
11th April 2016: 1 Power BI … if you’ve never heard of it or seen it, you are in for a treat. Here is the first of what I imagine will be many pages on that topic. I give you here a basic example of how to import a CSV file into Power BI and how to analyse the data you import. It’s so simple to use and so powerful at the same time. You will find this page under the Excel How to … Other menu.
2 Here is a page for anyone who has or who is about to upgrade to Excel 2016: Forecasting in Excel 2016. You will probably e surprised by what you read as they have done something different this time. At the same time as including some new forecasting functions, they have included a utility to go with it. You will find this page under the Excel How to … Other menu.
14th March 2016: A Sparkline revelation. Go to the How to Graphs … menu to see a miraculous Sparkline. Sparklines … REALLY … truly exciting!
If you’d like my help and guidance on something, just ask and I’ll do what I can.
Introduction for Absolute Beginners: Introduction to Excel for Absolute Beginners
Excel Files for Practice:
The basics of spreadsheeting 1
The basics of spreadsheeting 2
The basics of spreadsheeting 3
The basics of spreadsheeting 4
25 10 2016
Tuesday 25th October
This is on its way … as promised … I will upload it later today or early tomorrow.
Someone asked this question in Quora and here is my answer which I think many of you will find useful:
If you use Excel on a Mac the chances are that you are not running Excel 2016 for the Mac and that your Mac does not have the ToolPak at all … I know, older versions have it and I know you can get alternatives!
In that case, I often demonstrate to Mac users how to create and automate the functions in the ToolPak: correlation matrix, regression analysis, moving averages, descriptive statistics … the others as well!
Descriptive statistics, for example, could be, for data in column A:
and so on.
Other answers have mentioned statistics software packages and that’s fine except they might not be free! Yes, if you are a student, your college or university is likely to have statistics software free for you to use.
How about R and R Studio, however? Open source, free, with massive amounts of support? Of course, it takes time to learn R but here is the code for some descriptive statistics using the psych package in R:
That’s it! This is what I get from my current data set, sales values: not exactly the same as the ToolPak but my point is, it is very easy to replicate. Look at the screenshot of the output from R.
By the way, as a novice or beginner level user of Excel, there is a lot to learn from manually automating what’s in the ToolPak. Moreover, if you take my next learning point, use this opportunity to set up templates for you to analyse your data sets: that means, you automate the ToolPak elements once and that is it!
Finally, many elements of the ToolPak return non volatile results which means that if you change your data, you have to run the ToolPak again. If you automate it yourself, the formulas you create will all be volatile: change the data, change the answers!
09 09 2016
20 08 2016
19th August 2016
I have just completed another very successful Financial Modelling course and as you know, at the end of such courses, I come here and offer something new: a new topic, a new file or some advice. In this case, it is advice: things that you really need to think about when you create and work on any Excel file.
- Tab/Sheet Names
- Dead Cells 125,433 rows created but only 831 needed/active … files that balloon to many Mb for no real reason
Ever seen a tab name like this: FBU or OPT? I bet you have: short and sweet and probably mnemonic so easy to read and remember. How about L_P_Obasange_receivables_dont_forget_to PRINT_it_out? You think I am joking? I am serious! Just imagine you are working on your file with the large tab name and you want to link to a cell on that tab from another one: this is what will appear in your formula, by way of an example … =IFERROR(AND(A15=45,D26=”Jack”,L_P_Obasange_receivables_dont_forget_to PRINT_it_out!BA154 …
I am sure you see the point now. Keep tab names short and simple! More than that, if you do feel the need to use tabs to give instructions, colour code them to pass such messages: there are many colours to choose from so do that. Have a table of contents too. Give everyone a chance for a simple life!
If you share a file with someone, make sure any links in your file are either live or delete them. If you receive a file with links that you cannot use or update, you know how frustrating it is. Think of the user before you send linked files.
It is the easiest thing in the world to create a worksheet and as you work and improve what you are doing, to delete cells and ranges. We all do that. We create new ranges too, don’t we! Check your work now and again though and if these happen, take a break and check your file:
- it takes 30 seconds 45 seconds or even longer for the file to open
- what seems like a small file in terms of content and complexity has ballooned in size to 20 or 30 or more Mb
- saving the file takes an age too
If these things happen, go to a worksheet and press Ctrl+End and see where that takes you. You work only in the range A1: CD831 but Ctrl+End has taken you to CG125433 … what? How did that happen?
Even if there are not as many as an additional 1.8 million cells but just 500,000, look in those cells for formulas that are trying to find something from somewhere that is not there … in some of these extra cells for example. Delete all of these extra cells. I did that this week: an extra 1.8 million cells in TWO separate worksheets complete with formulas. File size down from 28 Mb to 0.8 Mb, opening time just seconds, recalculation time hardy noticeable.
They were just some of things to report on from this week. Otherwise, this group of delegates really enjoyed the work and their end of course presentations were interesting and showed that significant learning had taken place!
30 03 2016
Are you interested in using BI? Do you already use it?
Did you know that BI is free to create?
I will be adding some BI resources here this week … but there are already some here! Take a look at Power Query and Power Pivot for a start.
Back soon and if there’s something you want me to write about, let me know.
08 03 2016
A delegate asked me today if there was such a function as SUMDIVIDE. There isn’t of course, but I found a way to simulate it.
What would SUMDIVIDE do? SUMDIVIDE would have array 1 divided by array 2 and the results then added together: in the same way that SUMPRODUCT multiplies and then adds.
This is how it works: imagine A1:A5 contains array 1 and B1:B5 contains array 2 then the SUMPRODUCT function to divide them will be =SUMPRODUCT(A1:A5,1/B1:B5). Simple, eh? Who’d have thought it would be so simple.
07 03 2016
Time is just flying by and although I’ve got so many things to share time is against me.
In addition to this blog you might want to follow me on LinkedIn too … I don’t accept everyone there but if you tell me you subscribe to this blog I guarantee acceptance.
I am working in Dubai this week: presenting a three day course on Financial Modelling and Business Intelligence. Then a two day course on Budgeting and Cost Control.
With my courses you get a tool box of functions and techniques. You also get one to one time with me as I solve your problems … financial modelling etc! You take away all of my notes and PowerPoint slides as well as all of my fully worked Excel files.
I use real world data in my models and demonstrations. You get full explanations from me. I am also honest: if you ask me something I will give you the right answer, even if it means I have to do further research or ask a friend!
Find out where I am working and what I am doing and who knows, you might even join me one day. Invite me to speak where you are and maybe we can get together that way.