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Ms Office (Date & Time Formula)

The document discusses how to insert the current date and time in Excel using formulas. It provides the formulas =TODAY() to insert the current date and =NOW() to insert the current date and time. It demonstrates an example of how these formulas display the information and notes they will dynamically update whenever the spreadsheet is opened. It also presents options for static date and time insertion and discusses common reasons to include date and time in Excel, like activity logging or displaying time-sensitive information. Finally, it covers formatting date and time cells and applications in financial modeling.

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Kara Irfan
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155 views4 pages

Ms Office (Date & Time Formula)

The document discusses how to insert the current date and time in Excel using formulas. It provides the formulas =TODAY() to insert the current date and =NOW() to insert the current date and time. It demonstrates an example of how these formulas display the information and notes they will dynamically update whenever the spreadsheet is opened. It also presents options for static date and time insertion and discusses common reasons to include date and time in Excel, like activity logging or displaying time-sensitive information. Finally, it covers formatting date and time cells and applications in financial modeling.

Uploaded by

Kara Irfan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Ms Office & Computer

Submitted by: Ayesha Arshad (F21BMGMT1M01038)


Hamna Butt (F21BMGMT1M01018)
Maryam shabbir (F21BMGMT1M01030)
M. Irfan (F21BMGMT1M01077)
Abdul Wahab (F21BMGMT1M01069)
Niamat Ullah (F21BMGMT1M01082)
M. Babar (F21BMGMT1M01096)
Submitted to: Sir Mohsin Mateen
Section: BBA 1st M1
To insert the current date and time in Excel

For anyone working as a financial analyst, it can be useful to insert the current time and date into an
Excel spreadsheet. This guide will break down how the Excel current date and time function works and
outline situations.

Excel current date and time formulas (dynamic)

There are two formulas to use, depending on what type of information you’re looking to insert in your
spreadsheet. Note: These are dynamic formulas and will update whenever a spreadsheet is opened.

Current date formula:

=TODAY()

Current time formula:

=NOW()

Excel current date and time example

Let’s look at a real example in an Excel spreadsheet of how these two formulas work. In the screenshot
below, you can clearly see how each works and what the corresponding output is. For example, if, at the
time of creating the formula, it’s May 24, 2018 at 1:36 p.m., then the following information will appear
in your spreadsheet. NOTE: Excel uses a 24-hour clock when it outputs the time.
As you can see, the =TODAY() formula only includes the day, month and year. The =NOW() function
displays more information, showing the day, month, year, hour and minutes (using a 24-hour clock).

Excel current date and time formulas (static)

You may not always want the figures in the file to update every time you open the file. If this is the case,
then you’ll want to insert a static version of the formulas.

Static formulas are:

“Ctrl + ;” – inserts the date (Windows)

“Ctrl + Shift + ;” – inserts the date and time (Windows)

“COMMAND + ;” (Mac)

Why insert current date and time in Excel?

There are many reasons you may want to display the current date and time in Excel. Let’s say that you
want users to have the current time displayed on a cover page every time you print off a financial
model.

Reasons to include time and date include:

 Creating an activity log


 On a cover page
 When printing a document
 For version control
 When showing time-sensitive information
 When discounting cash flows to the present (Net Present Value and XNPV function)

How to change the date and time formatting

You may wish to change the format of date or time displayed in the spreadsheet. In order to do this,
press F1 (or right-click on the cell and click Format Cells). Once you see the Format Cells box appear on
the screen, you can click on Number and then select Date or Time and choose the formatting you want
to appear in your spreadsheet.

Applications in financial modeling

The Excel current time and date function is very useful in performing financial analysis, as time is a
critical factor in financial modeling and valuation. The most important use is in discounting cash flows
and ensuring that the net present value date is correct. You may wish to use a static or dynamic version
of the formulas shown in this article, depending on the analysis being performed.

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