10 Advanced Excel Formulas Every Professional Should Know - CETPA Infotech

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About This Presentation

Certain cell applications make tasks much easier. With the management of large data, cell information can be extracted easily with the help of functions. The cell functions return different kinds of information that are returned as data in the cell, the locations, etc. It can be names, rows & co...


Slide Content

10 Advanced Excel Formulas Every
Professional Should Know


In the emerging era of projects being handed over to third-party stakeholders, knowing your
tools is important. Creating solutions on demands that add to branding by quality is equally
important to understand. Therefore, Advanced Excel in built-in functions that drive important
computational processes therefore are significantly important to creating solutions as per the
emerging demands and needs of the client.

Functions-building core of Mathematical
Expressions in Excel!
Formulas are built on functions. The functions run and expand the scope of the formulas that
create solutions that run the entire analytical process. Let’s explore some of the functions that
are there in Excel one by one-

The Left, Right, Mid, and Cell functions –
Certain cell applications make tasks much easier. With the management of large data, cell
information can be extracted easily with the help of functions. The cell functions return different
kinds of information that are returned as data in the cell, the locations, etc. It can be names, rows
& columns, etc. Left functions return text from the left areas of the cell. The right function returns
the text from the right areas of the cell. It returns characters as required. Lastly, the mid function
returns the text from any point of the cell. Advanced Excel Training in Delhi is utilized to gain
proficiency in the field. As an emerging field, it has lots of opportunities with data management
practices taking a central stage in operations.

Concatenate –
It refers to the theory of joining information amongst cells & worksheets. Further, it is a very
powerful function for all forms of financial analysts that are used in data modeling. Here instead
of integrating information separately, you may use a single function, define it for rows or
columns, and make the data assessment processes faster.
Here are the advantages-
 It mergers text & values combining multiple strings into a single string
 Offering versatility, it assists in creating customized data outputs within the Excel sheets

LEN function –
It is a highly sophisticated function that improves the design and creates technically active
sheets. With its usage, it is advantageous in financial analysis domains specifically. It returns the
number of characters encoded within the cells. It is of the essence where the character numbers
are to be provided for the textual data.
Here are the features of the function-
 It counts characters in numbers which rectifies the data stored
 It counts spaces and all of all non-printable symbols
Also Read: Why Is It Important To Learn Advanced Excel

TRIM function –
This function effectively removes all of the spaces from the cells thereby leaving only single
spaces. For all of the discontinuous errors created while inputting data, the trim function
effectively merges the data, removes the inconsistencies, and creates clear data stored within an

elongated cell format. Advanced Excel Course in Delhi with certifications is good to help
employers recognize your skills and obtain a job that matches your job profile.
Here are the advantages-
 Eliminates excess white space characters with ease
 Clean data with excessive special characters or empty spaces

PMT function –
It is of use and significance in the financial banking sector. This function automates the task of
individually calculating the principal amounts for loans. Herein, it helps calculate the payments
for loans based on the constant & changing payments & the constant interest rates.
 Helps in keeping a check on the cash flows
 Making the task of loan management easier, it betters financial projections

CHOOSE Function –
These functions help pick a choice from the available data set. Within the options thus available,
you may go forward, make the choice, instruct Excel to choose, and facilitate further operations
that are to be done at it. Advanced Excel Online Training for working professionals is good as
they may continue to sharpen their skills through digital learning and simultaneously continue
with their job.
Also Read: Improve Your Excel Skills through Advanced Excel Certification Course

Offset Function –
This function returns the sum of data stored in different rows and columns. Therefore, it
enhances the scope of calculation effectively adding different values stored in different rows.
This makes the functions highly responsive and dynamic as different cells can be referenced
within a singular output.
Here are the advantages of the offset function-
 It creates new ranges within data stored sparsely
 It generates results with the latest data that gets located outside rows

IF Function –
Simpler to use, it adds a great deal of sophistication to the formula. As a conditional statement, it
removes the unwanted data and brings back results as desired. Combined with and, it creates

power functions that are easier to read for new participants. Modifications too are made easily
when flexibility is offered at the beginning through the if function.
Advantages of if function-
 It helps perform criteria-based calculations
 It organizes data according to pre-defined evaluation criteria

Index Function –
It matches the values with different positions present within the table. Therefore, it takes out the
specific data set outside of the table and performs further functions on it. In the domain of
financial analysis, it comes across as an asset, bringing fluidity into operations.
The advantages of index functions are –
 It returns values from large data sets without investing time in manually
 It helps in extracting information from different tables based on common criteria

Read More: https://atnews.co.uk/10-advanced-excel-formulas-every-professional-should-
know/