Excel 2021 - The Beginner - S Guide To Learn and Master Excel Basics, Formulas, Functions, and New Features
Excel 2021 - The Beginner - S Guide To Learn and Master Excel Basics, Formulas, Functions, and New Features
The Beginner's Guide to Learn and Master Excel Basics, Formulas, Functions, and New Features
Adams
Baldwin
Copyright © 2021 Adams Baldwin
It is not legal to reproduce, duplicate, or transmit any part of this document by either electronic means or in printed format.
Recording of this publication is strictly prohibited
Disclaimer
The information in this book is based on personal experience and anecdotal evidence. Although the author has made every
attempt to achieve an accuracy of the information gathered in this book, they make no representation or warranties concerning the
accuracy or completeness of the contents of this book. Your circumstances may not be suited to some illustrations in this book.
The author disclaims any liability arising directly or indirectly from the use of this book. Readers are encouraged to seek
Medical. Accounting, legal, or professional help when required.
This guide is for informational purposes only, and the author does not accept any responsibilities for any liabilities resulting from
the use of this information. While every attempt has been made to verify the information provided here, the author cannot assume
any responsibility for errors, inaccuracies or omission.
Contents
INTRODUCTION
CHAPTER ONE
The Fundamentals of Microsoft Excel 2021
Microsoft Excel
Excel Functions
Excel Formulas
Microsoft Excel Explained
How to Locate Microsoft Excel
Microsoft Office in Windows 7
Different Kinds of Files in Excel 2021
How to Use Excel 2021
Useful Instruments or Tools in Excel 2021
The Location of Microsoft Excel
The New Features in Excel 2021
Attaching links to Excel Files
A funnel chart in an Excel file
What are Update Channels in Excel?
Adjusting from the Touch Mode to the Mouse Mode
CHAPTER TWO
What is a Cell in Excel 2021?
How to Insert Contents in a Cell
How to Wrap Texts in a Cell
How to Auto Select different Cells
Resizing Rows and Columns in a cell
How to Copy the Contents of a Cell
How to Paste the Contents of a Cell
How to Use Bold and Italics in a Cell
Calculating Totals using AutoSum
The Fill handle in a Cell
Underlining Commas in a Cell
A Cell and How to Format it
How to Add Borders to a Cell
Ways to Delete a Cell from the System
How to Drag and Drop a Cell
How to Modify the Text Alignment of your Border in Cells
CHAPTER THREE
How to Manage Operations in Excel 2021
Launching Excel 2021 from Windows 10
How to Open Excel 2021 from the Window
Updating your Excel Version
How to Change the Office Theme in Excel
Using the Ribbon
Ribbon Display menu
How to Maximize and Minimize the Excel Window
Viewing the Start Screen in your Windows
What is a Workbook in Excel?
How to Create a new Workbook
Viewing two Workbooks Simultaneously
Sharing and Exporting Workbooks
Discovering Autorecover Files in Excel
How to Save your Files in Excel
The User Interface of Excel Ribbon
How to Design a New Worksheet in Excel
Entering Numbers and Texts in a Worksheet
How to Transfer or Copy a Worksheet
How to Remove a Worksheet
How to Handle Cells in a Worksheet
Strategies to Change the Color of a Worksheet
Methods of Renaming a Worksheet
Exiting Excel 2021 from your Windows
CHAPTER FOUR
Handling Various Worksheets and Workbooks in Excel 2021
How to Cover and Uncover a Worksheet
Handling Multiple Find and Replace in Excel
Transfer and Duplicate Worksheets from a Workbook to another one
How to View a Workbook in Various Windows
Understanding Cell References
How to Reference Worksheets in Another Workbook
How to Reference other Worksheet
Using the Relative References
Using the Absolute Reference in Creating and Duplicating a Formula
Different Kinds of Cell References
CHAPTER FIVE
Managing Excel Charts and Tables
Understanding an Excel Table
How to Sort, Create, and Filter a Table
Designing Pivot Charts and Pivot Tables
Different Kinds of Charts in Excel
How to Add Worksheets to an Excel Workbook
What are Office Add-ins?
How to Insert an Add-in into a Workbook
Changing the Styles, Layouts, and Types of Charts
Changing the Styles of your Charts
Changing the Layouts of your charts
How to Design a Chart with Two Vertical Axes
Inserting Data Labels from a Chart and Range
Manipulating Pie Charts to Illustrate Data
How to Zoom in and Out of a Spreadsheet
How to Use AutoComplete to fill Data from Adjacent Cells
Using the multiple Item Clipboard
Inserting and Viewing Cell Notes
Using Color and Annotations to Highlight Specific Data Points
What are mixed Cell References in Excel?
CHAPTER SIX
Setting a Default Custom Template Folder in Excel 2021
How to Create and Use a Chart Template in Excel
How to Freeze Columns and rows
Splitting a Window into several Panes
How to check spellings in an Excel Workbook
Using Two Clicks to Create a Simple Chart
Using Recommended Chart Features to Create a Chart
Using Quick Layout to Add or Delete Chart Elements
How to Format a Chart Element Manually
Adding Drop Shadows and Formatting 3-D Elements
Using Scale Axes and Gridlines
How to Create a Filled Map Chart
How to Design Different Types of Charts using a Combination Chart
A Filled Map Chart and How to Add Data Labels
CHAPTER SEVEN
Understanding Excel 2021 Functions
Adding Functions
What are Nested Parentheses?
Using the Insert functions in Excel
How to Work with Functions
How to Discover Errors in Functions
Understand how to type in a simple formula
The Components of a Formula
What are Function Arguments?
How to Apply Functions with Arguments
Discovering Arguments in Functions
Applying Arguments with No Functions
Distinguishing Between Functions and Formulas in Excel
CHAPTER EIGHT
Applying Excel 2021 Formulas
Understanding a Formula in Excel
Adding Formulas
What is the formula Bar?
How to Locate the Formula Tab
Managing How the Formula Bar is Displayed
Different Ways to Insert and Edit Formulas
The Required Data in Excel Formula
What is the Order of formula Operators?
Applying Calculation Operators in Excel Formulas
Ways to Increase and Contract the Formula Tab
How to Enter Data in the Formula Bar
How to Edit Data in the Formula Bar
Formula Operators and How to manage them
Different Types of Operators in Microsoft Excel
How to Manage Formula Operators
CHAPTER NINE
An Overview of Compulsory Excel Formulas and Functions
Basic Excel Functions
The Mod Function and How to Use it
The Round Function and How to Use it
The Sort Function and How to Use it
The Sum Function and How to Use it
The RoundUp Function and How to Use it
The RandBetween Function and How to Use it
Math Functions in Excel 2021
The RoundDown Function and How to Use it
The Sumif Function and How to Use it
Handling A Sumif Function with Multiple Criteria
CHAPTER TEN
Other Operations in Excel 2021
Removing Blanks from a Worksheet
The Shortcut to Remove Blank Rows
Adding Several Rows in Excel
Removing Duplicated Content from Excel Workbook
Removing Duplicates without Deleting Rows
Highlighting Cells with Formulas
Highlighting Numbers and Texts in Excel 2021
How to Transpose on your Worksheet
Inserting Multiple Rows
Using a Shortcut to Insert Multiple Rows
Adding Text to Columns
Adding Screenshot to Workbook in Excel
CONCLUSION
INTRODUCTION
Microsoft Excel 2021 updates were launched on May 11, 2021. These updates will enable you to
enjoy a seamless experience with all the features of the software. If you already have Excel
installed on your device, you should carry out these updates to help you in maximizing the
potential of the app.
Excel is used as a replacement for Lotus 1-2-3. This is seen as the commercial standard for
spreadsheets due to its variable and customizable features. You can perform some statistical,
financial, and mathematical functions using your Excel software.
This will save you time and energy compared to when such operations were done by the hand.
Being computer literate is a great asset in handling computer-based tasks for your firm.
However, mastering how to operate professional functions in Microsoft Excel will help you to
handle various arithmetic, statistical, and text functions proficiently.
This book is written to expose you to the rudiments of excel in an evolving economy where
virtually all transactions are based on the power of the internet. But you cannot handle fiscal
transactions accurately without tools such as Microsoft Excel. See more inside!
CHAPTER ONE
The Fundamentals of Microsoft Excel 2021
Microsoft Excel
The fundamentals of Microsoft Excel are hinged on the various formulas and functions
associated with the application. It is designed to help individuals in mastering financial analytical
skills necessary for the growth of a business.
This app is critical in data analysis using the spreadsheet feature. It is preferable for
presentations, financial modeling, and data processing. Also, it is a great tool for financial and
data analysts including investment bankers.
Some of the basic features in Excel are Functions and formulas.
Excel Functions
These functions are used to enter formulas easily instead of typing them manually. They are
predefined formulas such as SUM(A1:A3). In this case, the function adds up all the values
beginning from A1 to A3.
Here are some functional methods of entering data in excel:
a. Simple insertion method – this involves typing a formula into a formula bar or cell. You
begin by typing an equal sign before an Excel function. When you begin typing a function, you
will notice other popup functions in the bar for you to select.
b. Applying Insert function menu from the formula bar – this goes with the Excel Insert
function dialogue box. Scroll down to the bar labeled Formula and tap on the first menu known
as Insert Function. Here, you will see all the functions you can use in completing your financial
records and analysis.
c. Go to the Groups in Formula bar and pick a Formula – you can use this to begin your
functions immediately. Move to the Formula bar and choose a favorite group. Tap on the group
and you will see various functions in the sub-menu bar. Then, make a choice there. Another way
to discover your preferred group is by tapping on the More options tab.
d. Applying the AutoSum function in Excel- this is designed for handling your daily tasks
quickly. It helps to save your time in Excel, simply type in ALT= if you want to add up all the
figures in a range of data. With this formula, you can sum up all numbers in a horizontal or
vertical way without the arrow keys or mouse.
You can locate this option in the right extreme corner and tap the AutoSum option. Click on the
caret to reveal other hidden formulas. You can view this in the Insert Function bar of the
Formulas tab.
Applying the Recently Used Tabs called the Quick Insert option – for re-typing recently used
formulas, which may appear as a cumbersome or monotonous exercise. This function is on the
Formula tab. It is beside AutoSum, the third menu option.
Excel Formulas
These formulas are expressions operating on values in a collection of cells. Therefore, A1 + A2 +
A3 will give you a sum of the collection of numbers from the first cell A1 to the third cell A3.
Let us look at some fundamental Excel Formulas such as:
1. MAX & MIN Function – useful for locating the maximum and minimum numbers within a
range of values.
For Maximum Numbers
=MAX(number1, [number2], …)
For example,
To locate the maximum number between column B from B2 and column C from C2 to row 11
within column B and column C, you will have =MAX(B2:C11)
2. IF Function – used for sorting data according to a particular logic. The Excel IF statement
enables you to embed functions and formulas within it. It examines a specific condition and
returns a value for a True outcome while another value features a False outcome.
=IF(logical_test, [value_if_true], [value_if_false])
For example,
=IF(C2<D3, ‘TRUE, ‘FALSE’) – used for assessing if the value at C3 is lower than the value at
D3. If the logic is true, the value of the cell will be True, or it will be False.
Therefore,
4. TRIM Function – helps in removing spaces compared to other functions that can work on
various cells. With this, your functions will not generate errors due to these spaces. It works on a
particular cell but can copy data, thereby duplicating it unnecessarily in your spreadsheet.
=TRIM(text)
For example:
If you want to eliminate empty spaces in the number in cell A2, you will enter =TRIM(A2).
5. COUNT Function – for adding up all cells within a particular range that bear only numbers.
That is =COUNT(value1, [value2], …)
For example, to count all values that are numbers in column A, you will have COUNT (A:A).
But, you have to adjust the range within the formula to count rows. Then, you will have
COUNT(A1:C1) to determine the rows.
6. SUM Function – designed to add up values from various rows or columns based on your
range. This is classified under Trigonometry and Math functions. It helps in adding up cells
provided as several arguments. Most individuals and organizations use it frequently.
Therefore,
=SUM(number 1, [number 2], …)
Examples of SUM functions include
· A basic selection for summing up the values of a row is represented by
=SUM(B2:G2).
· A basic selection for summing up the values of a column is represented by
=SUM(A2:A8).
· A complex collection for summing up values from a range such as A2 to A7
will jump A8 and add A9, skips A10 and A11. It will then add from A12 to A15.
· Then, you can convert the Excel function into a formula using
=SUM(A2:A8)/20.
7. COUNTA Function – for counting all the cells within a particular range, no matter the type of
cell. It is not like the COUNT Function that counts only figures. But the COUNTA Function
counts strings, errors, texts, empty strings, dates, and logical values.
=COUNTA(value1, [value2], …)
For example:
COUNTA(C2:C13) – helps you in counting rows 2 to 13 in column C despite the type. But, you
cannot use this same formula to count rows like the COUNT. The selection within the brackets
requires peculiar adjustment.
Therefore, COUNTA(C2:H2) will calculate columns C to H.
Microsoft Excel Explained
If you want to handle data documentation and analysis, you need Microsoft Excel. As a
spreadsheet program, it comes with various rows and columns containing tables of values.
Therefore, an intersection of a row and column is called a cell. However, every cell has a piece
of information or a point of data.
You will discover Microsoft Excel within the Microsoft Office suite of applications. The values
within an excel spreadsheet can be customized mathematically using both basic and complex
arithmetic functions and operations.
Therefore, Excel is useful for organizing data and performing various financial analyses.
Different organizations such as small and large scale companies employ the tools in Microsoft
Excel to harmonize their data for productivity and proficiency.
The basic uses of Excel spreadsheet application include designing of budgets, sorting of data,
and generating of graphs and charts.
For Windows 7
Microsoft Office in Windows 7
Go to the Start icon on the Window and enter the name of the app you want such as Excel in the
search programs or files menu. From the list, tap on the software you want to launch.
When you tap on the Start button, a menu will popup, select All Programs. This will display all
your programs on the screen. But, if you want to view Microsoft Office groups, you can navigate
downwards.
Different Kinds of Files in Excel 2021
Here are the various kinds of Excel files’ formats, extensions, and descriptions available for you
depending on the type of task you are handling. The various kinds of files in Excel include
j. Add satellites, street, and road maps in your Excel files. With this, you can show route
data and address in your Excel file. The price is $9.99
k. Open as an App for developing apps from your Excel sheets. It requires no coding
skills and can be done with little or minimal input. It helps in maintaining the calculations and
logic from your spreadsheet data. These could be transferred automatically. It functions with
other add-ons in Microsoft Excel.
It can function with a free plan or Basic plan that costs thirty-nine Euros every month.
l. Bottleneck detector for removing sections of your Excel file that are reducing its
performance. The tool detects bottlenecks in ranges or full sheets and helps you to make
modifications to enhance the speed of the file.
Moreover, you need to have this tool in your system before building apps with your spreadsheet.
The price is $9.99.
The Location of Microsoft Excel
Microsoft Excel is located in C:\Program Files\Microsoft Office\Office. If you want to launch
it, simply tap on the Excel button. Another method of locating Excel is using the search tool,
which you can access from the Start button on your workstation.
After opening the software, you may need to move Solver into Excel. Scroll to the Tools menu
in the Excel banner tab. You can start using Solver immediately if you see it in the Tools menu.
The New Features in Excel 2021
Updating your Excel version to Excel 2021 will help you to see all the new features in the
application. Some of the new features include Power Query, Ink improvements, publish to power
BI, sharing is easier, general improvements, better accessibility features, new charts, power pivot
updates, new functions, enhanced visuals, and pivot table enhancements.
Power Query – this feature new and improved connectors such as SAP HANA connector. There
are data transformation features located in Power Query Editor such as inserting custom
columns, splitting columns, and adding columns from an example. Also, you have filtering
transformations including merge and append operations.
Another one is the general improvements made in the Get and transform section. The Power
Query Editor is also improved with features such as date picker support for date fillers,
conditional columns, reordering query steps using drag and drop features, and select-as-you-type
dropdown menu.
Ink Improvements – features new ink effects such as galaxy, gold, rainbow, ocean, lava, and
silver.
Ink Effects in Excel Spreadsheet
Other features include an adaptable set of pens, digital pens, new ink replay button, and ink
equations. You also have Lasso select at your fingertips, conversion of ink drawing to shapes,
and using your surface pen to choose and change objects.
Adaptable set of pens.
Publish To Power BI – with your power BI subscription, you can publish native files stored
locally to Power BI. Save your file to your PC, tap on the File menu and select the Publish icon.
From the options, you can click on Publish to Power BI. Tap on Go to Power icon BI after
uploading. This will highlight all the files within your web browser.
Sharing Is Easier - with this function, you can save to recent folders by going to the Files menu
and tapping on the Save As icon. From the lists, you can click on the Recent menu. You can
also view and restore changes in shared workbooks. If anyone made any changes in shared
workbooks, you can see them and edit them as well.
Hyperlinks could be attached easily to Excel files in your websites and other cloud-based
documents.
Attaching links to Excel Files
General Improvements – this function incorporates enhanced autocomplete, precision
selecting, easier access to subscript and superscript, including new themes and black theme.
Additionally, you can break language barriers as this function helps in translating words, phrases,
and sentences to another language. If you want to save a CSV file, you will not have any warning
such as “This file may contain features that are not compatible with CSV”
It also features DLP functionalities in Excel. This means data loss protection.
Better Accessibility Features – makes your files more accessible with accessibility checker.
New Charts – this function enables you to design a map chart and funnel chart. The map chart
helps you in comparing values and highlights categories across regions. But funnel charts display
several stages in a process. As the values diminish, you can see the bars change to the shape of a
funnel.
5. If you want to use a double underline, a single accounting underline or a double accounting
underline, tap the dialog box launcher. This is beside the Font. From the underline box, select the
type you want to apply.
Then, if you want to hide all tabs and commands, select the Auto-hide Ribbon. This will allow
you to have enough viewing space for your Workbook. Tapping the upper part of your
Workbook will enable you to access tabs and commands within this section.
How to Maximize and Minimize the Excel Window
To maximize the window, scroll to the right side of the screen and tap on the Maximize icon.
When you want to minimize it, go to the right side and tap on the Minus or Minimize icon. But
if you want to close the window, tap on the Close or X button.
Viewing the Start Screen in your Windows
When you want to view the start screen in your windows, launch Excel and open a new
workbook by tapping on Blank workbook in the start window. Another method is opening an old
saved workbook.
Then, tap on the File menu and select Options. Go to the Excel menu and click on the General
bar located in the left window.
What is a Workbook in Excel?
A workbook is a group of one or more spreadsheets or worksheets in Microsoft Excel. They are
located within a single file and contain data. Worksheets are included in a workbook. They are
organized as Sheet 1, Sheet 2, Sheet 3, etc. within a workbook.
How to Create a new Workbook
Creating a new workbook from an old workbook could be done by scrolling to the File menu
and tapping on the New icon. Go to the Templates bar and select New from existing.
Scroll to the New from the existing Workbook menu. Search or browse the folder, drive or
web location where the Workbook you want to open is located. Tap on the Workbook and select
Create New icon.
Viewing two Workbooks Simultaneously
It is possible to view two Workbooks at the same time. Follow these methods to achieve your
goals:
1. Move to the Window group in the View tab and select New window.
2. Tap on View side by side in the Window group located on the View menu.
3. Select the sheet you want to compare in each Workbook screen.
4. Then, select Synchronous Scrolling to navigate the two worksheets simultaneously.
Sharing and Exporting Workbooks
To share an Excel Workbook, scroll to the Review menu. Go to the Changes group and select
Share Workbook.
Visit the Editing menu and choose Allow Changes by more than a user simultaneously.
To save the shared workbook on a network location where other users can view and use it, go to
the Save As dialog box.
Discovering Autorecover Files in Excel
If you want to recover your files using autorecover in Excel, navigate to the File menu and select
Open. Click on Recent Workbooks and move down to select Recover Unsaved Workbooks
icon. This is found at the end part of the menu.
When the dialog window opens, click on the necessary file and tap Open.
How to Save your Files in Excel
If you want to save a file in Excel, tap on the Save icon. Then, from the menu select Save AS
button. Go to the Save As menu and choose where you can save your workbook. If you decide
to save in your system, select Computer.
From the options, you can tap on Browse to locate a place within your Documents folder for
saving files. You can change the location by tapping on Desktop on your system. here, you will
choose the right place to save your projects.
Go to the File name box and type in a name for a new workbook. But if you are making another
copy of an old workbook, use a different name.
You can save your file in a preferred format using formats such as .xls, .txt., etc. from the Save
As type found in the File name box, select the format you like.
Finally, tap on the Save icon.
The User Interface of Excel Ribbon
This interface is the rectangular grid of columns and rows represented in Excel spreadsheets. It is
only a section of the Excel user interface. It is the layout applied in Excel 2007.
Moreover, the title bar bears the name of the workbook. The ribbon tabs are used for menu items
at the upper level. Also, the worksheet tabs contain a list of all worksheets within a workbook.
These ribbons are those tabs on the upper side of the interface helping you to search and discover
the commands in Microsoft Excel.
How to Design a New Worksheet in Excel
You can design a New worksheet in Microsoft Excel by tapping on the File menu. Select New.
Scroll down to the Available Templates menu. Then, you can double-tap on a Blank
Workbook.
You can also use the keyboard shortcut to create a new blank workbook easily. Simply, press
down Ctrl + N.
Go to the Axes section, select a layout option for the gridlines or axis you want to customize. Go
to the Background section, choose a layout option for the background you want format.
Navigate to the Analysis section, tap on the layout option for the bars or lines you want to add.
You can add images, text boxes, or shapes. You can even edit the chart’s name. Right –tap the
chart element you want to change. Select Format from the options and then, Chart element.
Recommended charts will give you an accurate analysis of data with suggestions on how to
create a chart. You can follow these steps to use this feature:
a. Tap on the data you want to use for your chart.
b. Tap on the Insert icon and select Recommended charts from the menu.
c. Go to the Recommended charts tab and scroll through the options.
d. You will see a list of recommended charts for your data type.
e. Select any chart to view how your data will appear.
f. Tap on the Ok icon, if you see a preferred chart.
g. Add data labels, axis titles, customize the appearance of your chart using chart elements,
chart filters, and even chart styles.
h. Click on any part of the chart to include chart tools to the ribbon.
i. Then, select the options you want on the format menu and Design tab.
Using Quick Layout to Add or Delete Chart Elements
To handle thus function, click on the data. Then, scroll to the Insert menu and tap on Charts.
From the options, you can select a Line chart. Go to the chart and add a data label element.
Adding the data labels to the chart, tap on the plus sign and select the data labels. With this, you
can add vertical gridlines to the chart. Also, you can remove the title elements of charts from
such graphs.
How to Format a Chart Element Manually
Manual formatting of charts could be done using the task pane. Click on the chart element such
as titles, axes, and data series.
Right-tap the chart element and press the Format button. Go to the options and choose Chart
Element. You will see various options on the Format pane. These are customized for the
highlighted chart element. Select your choice and tap on OK.
Adding Drop Shadows and Formatting 3-D Elements
Formatting 3-D elements in your worksheet could be done using drop shadows. Simply tap the
cell you desire to add the drop shadow to. But ensure to display the drawing toolbar. Or just
press the View icon and select the Toolbars menu. Then, tap on Drawing.
Select the Drawing toolbar and click the Shadow style tool. This will display a palette of
shadows that you can apply. Now, choose the desired shadow.
Using Scale Axes and Gridlines
If you want to scale axis in Microsoft Excel, you can right-tap on it. This will cause Excel to
show a Context menu for the axis. Scroll to the Context menu and click on Format Axis icon.
Go to the left of the menu and click on Axis Options. On the upper part of the dialog box, you
should adjust the Axis options. Then, tap on the Ok icon.
To add gridlines in Excel, tap on the chart and select the Chart Design menu. Select Add Chart
Element from the options. Then, click on the Gridlines.
Press the Axis where you want to apply the gridlines to. You can also select the More Gridlines
tab. This will enable you to launch the Format Major Gridlines pane. I
You can add more rows, apply shadow, soft edges effects, and glow if you want to change the
line transparency.
How to Create a Filled Map Chart
Click on any cell within the data range if you want to create a filled map chart. Now, scroll to the
Insert tab and select the Charts icon. Go to the Maps tab and click on the Filled Map button from
the options.
Tap on Ok, if the preview is good. However, based on your data, Excel will add a category map
or value map.
How to Design Different Types of Charts using a Combination Chart
To use a combo chart and design various charts, tap anywhere in the chart you desire to change.
This will highlight the chart tools.
Press on Design and select Change Chart Type from the options. Visit the All Charts menu
and click on Combo. From the list, you can tap on Clustered Column – Line on Secondary
Axis chart.
A Filled Map Chart and How to Add Data Labels
A filled map chart occurs when Excel changes your data to a geography data type automatically.
This is relevant to the data you want to show in a map chart.
Now, tap on the Chart and select the chart Design menu. From the list, press on Add Chart
Elements. Then, click on Data Labels. Pick a location for the data label menu.
However, the list will be different based on your type of chart. Select Data Callout to display
your data label inside a text bubble shape.
CHAPTER SEVEN
Understanding Excel 2021 Functions
Microsoft Excel has several functions that can help you in handling your projects, although it
could be complicated if you have no experience. Some features of this app relevant for your
tasks include pivot tables, flash fill, and formatting.
These features can enable you in handling complex reports, data analysis, and creation of
spreadsheets.
Here are some functions useful in Excel:
a. The TEXT function – this is a useful tool for converting a number or date into a string of text
in a given format. The Text function is only used for converting numbers to values in text. It
features string formulas that change numbers into a string. With this, users can see figures in a
readable format. But the results cannot be calculated.
b. The CONCATENATE function – combining data from two or more cells can help you in
saving time. It does not function like the merge tool that merges a range of cells into a cell. The
concatenate function is used in combining the contents of the merged cells. It is called the
concat function in Microsoft Excel 2016. The syntax formula for the concatenate function is
“CONCATENATE” (text1, [text2….text_n]).
c. The Average function – finding the average value in a range of cells is done using the
Average function. It is a useful tool for data analysis and computations on a spreadsheet. It is
vital in locating the arithmetic mean for a range of cells. There are also the median and mode
functions in excel. The formula for the average function is “AVERAGE” (number1, number2,
etc.)
d. The VLOOKUP function – discovering a particular data from a large table is possible using
the VLOOKUP. It helps you to locate cell phone numbers, texts, names, and other data from a
spreadsheet. It saves you the time used in searching for details manually.
e. The SUM function – this is used to add up a group of numbers within a range of cells. With
this function, you don’t need to type in a formula with large data. In the latest versions of
Microsoft Excel, there is a dedicated button for this function. Simply, scroll to the Function bar
and type in the formula. Select the range of cells you want to sum their contents and tap on the
Enter button. If you notice any mistake while highlighting the cells and summing up the
contents, just tap on the Undo icon to reverse it.
The formula for the SUM function is “=SUM (number1, number2, etc.)
Adding Functions
Adding functions to arguments in a formula with a function is regarded as nesting. In that case,
the function is a nested function. Nesting the SUM function and Average in the arguments of the
IF function; you can get the following formula.
They are the sums of a range of values such as (G2: G5). However, only if the average of a
different set of numbers such as (F2: F5) is greater than fifty. In that case, the function will return
zero.
Therefore, the Average and SUM functions are nested inside the IF function. It is possible to nest
up to 64 levels of functions in a formula.
Now, to add the function, simply tap the cell where you want to enter the formula. Press the
Insert function on the Formula menu if you want to begin the formula using the function. But
Excel will add the equal sign for you.
Scroll to the Or select a category tab and click on All box. You can choose a category if you
are familiar with the function categories. Also, you can use a question to explain what you desire
to do inside the Search for a function tab. You will get the SUM function by adding numbers.
You can type in the function within the argument bar you want. This will enable you to enter
another function as an argument.
The formula shown in the Function Arguments menu is the function, which you selected
previously. The Function arguments window will show arguments for the IF function, if you
pressed on the IF function button.
Therefore, if you decide to nest another function to it, enter it inside the argument bar. You can
enter SUM(G2:G5) inside the Value_if_true box of the IF function.
Type in any additional information required to complete the formula. No need to type cell
references, simply select the cells you want to reference. You can minimize the window and
choose the cells you want to reference. After this, you can expand the window again.
Click on the Ok icon, after completing the arguments for the formula.
What are Nested Parentheses?
The act of putting parentheses within parentheses is known as nested parentheses. With this
approach, excel shows the most extremely nested parentheses.
There are four sets of parentheses in a formula such as =( (B2*C2)+)B3*C3)+(B4*C4) )*B6
In the formula above, three sets are nested within the fourth one. Therefore, Microsoft Excel
examines each set of parentheses and adds up the three results. You can multiply the sum by the
number in B6.
Parentheses are used in simplifying the order of operations. Therefore, it becomes readable and
comprehensive. In most instances, parentheses may not be necessary in your formulas. But it is
advisable to liberal in applying parentheses to your formulas.
If there is a left parentheses, you should provide a corresponding right parentheses.
Using the Insert functions in Excel
To use the Insert functions, navigate to the Formulas ribbon and select the Insert Function
button to display the Insert Function window.
Also, tap on the arrow beside the correct category Function Library group. Select the necessary
Function from the options.
Another method is choosing the point where you want to place a formula. Press on the Insert
function bar. Locate a desirable function using any of these methods:
· Enter some keywords describing the function you want.
· Click on the Go icon.
· Choose the preferred function.
· Tap on the Ok icon.
· Type in the formula arguments.
· Press Ok.
How to Work with Functions
Working with functions in Excel requires you to type in a formula with a built-in function. Click
on an Empty cell. Enter an equal sign and type a function such as =SUM. This will enable you
to have the total sales.
Press an opening parenthesis such as (. Choose the various cells you want and press the closing
parenthesis such as).
After entering all necessary details, click on the Enter bar to view the outcome of the functions.
But before you can use these formulas, you should activate Functions in the following ways:
Scroll down to the File menu and tap on Options. Press on Advanced in the left pane. Go to the
right side and navigate to the Display options for this worksheet area.
Choose the worksheet that you want to display the Formulas instead of values from the
dropdown menu.
a. Constants – involves text values or numbers entered directly into a formula such as 2.
b. Functions – these are engineered formulas added into Excel to handle peculiar
calculations. That means the P10 function returns the value of pi: 3.142
c. Operators – the caret operator (^) is used to increase a number to another power. Also, the
asterisk (*) is used for multiplying numerals. Other operators include the add (+), minus (-), and
divide (/) symbols in your equations.
d. References – used for referring to ranges of cells or individual cells. Therefore, A2 returns
the value in cell A2.
On the other hand, some functions use arguments, which are the values that some functions
apply in performing their estimations. Arguments could be positioned between the parentheses ()
of functions.
The PI is blank because it does not need any argument. Most functions need one or more
arguments and create space for other arguments. A comma is used for separating arguments. You
can also use a semicolon depending on your location.
Additionally, the SUM function needs only an argument. However, it can accommodate two
hundred and fifty-five total arguments.
Examples of some equations with arguments include
1. =SUM(A1:A10) contains one argument.
2. =SUM(A1:A10, C1:C10) contains several arguments.
Other ways to detect errors in functions include the systematic evaluation of a nested formula. It
is difficult to understand how a nested formula defines the final result. The reason is that there
are various logical tests and intermediate calculations.
But the Evaluate Formula menu can show you different parts of a nested formula. This is
calculated based on the order the formula is determined.
2. Arithmetic operators – this uses the order precedence. The most superior ones are the
percentage and exponential operators,
3. Text concatenation – useful for joining two or more strings of text and producing a single line
of text. The second in that line are the multiplication and division operators. Then, the third
preferred operators are addition and subtraction. With this analogy, in expressions with more
than one arithmetic operator, exponentials and percentages will be evaluated first. This will be
followed by multiplication and division, and lastly, addition and subtraction.
4. Comparison or logical operators – helps in comparing two values logically. It compares two
values within the cells and returns a logical True or False. Examples include
· <> signifies the comparison of two numbers. It returns True when the two values are not
equal to each other. Or it will return False.
· = (Equals to) – compares two numbers and returns True when both values are equal. Or it
returns False.
· <= (Less than or Equals to) - capable of returning True when the first value is less than or
equals to the second value.
· < (Less than) – it returns true when the value in the First value is less than the Second
value.
· > (Greater than) – returns True when the First value is greater than the Second value.
· >= (Greater than or equals to) – it returns True when the value in the First value is greater
than or equals to the Second value.
How to Manage Formula Operators
To manage these operators, click on a cell. Enter the equal sign (=). In Microsoft Excel, formulas
always start with the equal sign. Click on a cell. Also, you can type its address in the highlighted
cell.
You can type in an operator. Choose the next cell. Another way is by typing its address in the
chosen cell. Then, press the Enter bar.
CHAPTER NINE
An Overview of Compulsory Excel Formulas and Functions
Here, you will see an overview of compulsory Excel formulas and functions that you can use.
Some of the formulas and functions include
a. The Average Function – for determining the average value within a range of cells.
b. The SUM function – useful for adding all the figures in a range of cells.
c. The Max Function – determines the maximum value in a range of cells.
d. The MIN Function – determines the minimum value in a range of cells.
Basic Excel Functions
Some of the basic Excel functions and their descriptions include:
a. Counta Function – it calculates how many values or numbers in the list of arguments. This is
based on statistical records.
b. Count Function – determines how many numbers are located in the list of arguments. This is
based on statistical records.
c. The COTH Function – used for returning the cotangent of an angle. This is based on
trigonometry or Math.
d. ABS function – helps in returning the absolute value of numbers. This is based on Math and
trigonometry.
e. ACCRINTM function – when a security pays interest at maturity, this function helps in
returning the accrued interest. This is based on financial records.
f. ACOS function – for returning the arccosine of a number and is valuable in Math and
Trigonometry.
g. AGGREGATE function – in a list or database, this function returns an aggregate. This
depends on Math and trigonometry.
h. ACCRINT Function – for returning the accrued interest for a security that pays a periodic
interest based on financial records.
i. XLOOKUP function – for searching an array or range and returns items tallying with any
match it can locate in the system. if there is no match, XLOOKUP returns the closest match. This
is based on Lookup and reference.
j. VALUE Function – this changes a text argument to numerals.
There are over one hundred and seventy functions in Microsoft Excel that can assist you in
completing your tasks.