Excel Cheat

Sheet
formulas you want to have at
the back of your hand
In today’s era, being
efficient and productive
is significant for a
successful career in any
field.

Gain a competitive edge

in securing your ideal job
by mastering essential
skills such as MS Excel,
facilitated through our
comprehensive Excel
Cheat Sheet and
specialized course
offerings.
Frequently Used Excel
Shortcut Keys:

Ctrl + C: Copy the data

Ctrl + P: Paste the data in the

desired cell

ALT + E + S: Special Paste

allows to paste formulas,
values, etc, in their original
format

F2: Used to show & edit the

formula within a cell

Ctrl + D: Fill Down

 F4: Anchor cells or lock cell
reference

Shift + Arrow: Used to select

cells

Ctrl + F: Find and Replace

Ctrl + H: Replace Tab

ALT + =: AutoSum

ALT + I + R: Insert row

Skillfine.com
Chea
Shee
ALT + I + C: Insert
column

Ctrl + 1: Opens Format

Cell dialogue box

Ctrl + 5: Strick through

font

Skillfine.com
Usage Frequency
and Difficulty
Levels of Different
Excel Functions

We have compiled a list of 50

Excel functions employed by
the industry. Let’s now
examine the frequency of
usage and degree of
complexity of these Excel
functions.
We have put together
these functions on a
2×2 chart to analyze
the ease and
frequency of usage of
each of the functions
to help you priortize
some of the functions
that you must
absolutely know:
 We will now to help you
understand the syntax of
each of these formulas so
that you can refer to it as a
guide in the future.
Top Excel Cheat
Sheet Formulas

1
=SUM: It adds the series
of numbers to give the
total.
Syntax: =SUM(number1,
[number2], …)
2
=SUMPRODUCT: To calculate
the weighted average of a given
data set, we use SUMPRODUCT.
This function is mostly used to
calculate WACC in financial
modelling.
Syntax: =SUMPRODUCT(array1,
[array2], [array3], …)

3
=AVERAGE: This formula
returns the average value of
the selected series.
Syntax: =AVERAGE(number1,
[number2], …)
4
=MEDIAN: Returns the middle
value of the given data set.
Syntax: =MEDIAN(number1,

5
[number2], …)

=MODE: Presents the most

repetitive value of the data set.
Syntax: =MODE(number1,
[number2], …)

6
=PRODUCT: Multiples the value
of the selected range of the
given data set.
Syntax: =PRODUCT(number1,
[number2], …)
7 =MAX: Finds the maximum
value in the data set.
Syntax: =MAX(number1,

8
[number2], …)

=MIN: Finds the minimum

value in the data set.
Syntax: =MIN(number1,
[number2], …)

9
=CORREL: Helps to calculate
the correlation coefficient
between two variables.
Syntax: =CORREL(array1,
array2)

Array 1 represents the independent variables.

Array 2 represents the dependent variables.
10
=FORECAST: This function is
used to forecast future values.
Syntax: =FORECAST(x,
known_y’s, known_x’s)
X value is the value basis on which we
want to forecast the values of Y.
Known_x’s refers to the independent
range of data.
Known_y’s refers to the dependent
range of data.

11
=STDEV: The standard
deviation function measures
the level of dispersion from the
mean value in the data set.
Syntax: =STDEV(number1,
[number2],…)
12 =VAR.S: The VAR.S function
calculates the variance of a
sample.
Syntax: =VAR.S(number1,
[number2],…)

13
=ROUND: Round function
rounds the number to a
specified figure of decimal
places.
Syntax: =ROUND(number,
num_digits)
Number is the value we want to round.
Num_digits are the number of digits to
which we want to round the value.
14
=LARGE: Finds the Kth
highest value of the given
data set.
Syntax: =LARGE(array,k)

Number is the value we want to round.

Num_digits are the number of digits to
which we want to round the value.

15
=SMALL: Finds the Kth
smallest value of the given
data set.
Syntax: =SMALL(array,k)
Array: The data which we want to find
the smallest value.
k: The smallest value which we want
from the array.
16
=LEFT: The LEFT function
extracts a character or
number of characters
from the left side of a text
string.
Syntax: =LEFT (text,
num_chars)
Text refers to the string that we
want to extract.
Num_chars refers to the number
of characters you want to extract

17
using the left function.

=LEN: Len refers to length. It

tells the number of
characters present in a text
string.
Syntax: = LEN(text)
18
=MID: The MID function
extracts characters from
the middle of a string.
Syntax: = MID(text,
start_char, num_chars)

19
=FIND: The FIND formula determines
the position of a certain character in
a particular data string.
Syntax: =FIND(find_text,
within_text,[start_num])

20
=PROPER: The PROPER function
is used to capitalise the first
alphabet of each word in a
data string.
Syntax: =PROPER(text)
21
=REPT: The REPT function
repeats the desired text string
a certain number of times.
Syntax: =REPT(Text,
number_times)

22
=TRIM: The TRIM function
removes unwanted spaces
between words or characters
from a thread.
Syntax: =TRIM(text)

23
=RIGHT: The RIGHT function
extracts a character or number of
characters from the right side of a
text string.
Syntax: =RIGHT (text, num_char))
24
=SEARCH: The SEARCH function
searches the position of one
text string inside another text
string. Unlike the FIND function,
the search function is not case-
sensitive.
Syntax: =SEARCH(find_text,
within_text,[start_num])

25
=UPPER: To convert any
lowercase text into uppercase
in Excel, the UPPER function is
used.
Syntax: =UPPER(Text)
26
=RANK: The RANK function is
used to determine the position
of a particular value in the
given data set.
Syntax: =RANK(number,ref,
[order])
Number represents the value which we
want to rank.
Ref is the series we are referring to.
Order: If the ranks should be in ascending
order or descending order.

27
=IF: The IF function in Excel executes
a conditional test to give different
results based on the condition.
Syntax: =IF(logical_test,
[value_if_true], [value_if_false])
28
=SUMIF: SUMIF is a conditional
test which adds the values of
the selected cell range
meeting the set condition.
Syntax: =SUMIF(range,
criteria, [sum_range])

Range is the data series against which

we want to put the criteria.
Criteria is the condition we are using to
determine which values to add.
Sum_range refers to the data set
where the function is applied.
29
=COUNTIF: It is used on a
selected range of cells to count
the number of cells that meet
the condition.
Syntax: =COUNTIF(Range,
criteria)
Range is the data set that we want to count
Criteria is the condition we put to the test.

30
=AVERAGEIF: AVERAGEIF is a
conditional test used for
calculating the average value
from the selected cell range
meeting the set condition.
Syntax: =AVERAGEIF(range,
criteria, [average_range])
31
=SUMIFS: The SUMIFS function
adds all the arguments in the
data set that meet multiple
criteria established. It is
important to note that the
SUMIFS function only works with
AND Logic and not with OR
Logic.
Syntax: =SUMIFS(sum_range,
criteria_range1, criteria1,
[criteria_range2, criteria2], …)

Sum_Range is the series which needs to

be added.
Criteria_range1 refers to the range that is
tested for criteria 1.
Criteria 1 is the first condition.
Criteria_range2 & criteria 2 refers to the
range associated with the second criteria.
32
=AVERAGEIFS: The AVERAGEIFS
function returns the average of
the selected data set that
meets multiple criteria.
Syntax:
=AVERAGEIFS(average_range,
criteria_range1, criteria1,
[criteria_range2, criteria2], …)

33
=XLOOKUP: The XLOOKUP function
replaces the HLOOKUP and
VLOOKUP functions as it is usable
for vertical and horizontal data
sets. XLOOKUP searches the range
of data and returns the first value
that matches the corresponding
figure.
Syntax:
=XLOOKUP(lookup_value,
lookup_array, return_array,
[if_not_found],
[match_mode],
[search_mode])

Lookup_value is the value to search for.

Lookup_array is the data series to search
for the value.
Return_array is the range to return.
Match_mode specifies the type of match,
i.e. exact, smaller number, larger number,
etc.
Search_mode specifies in which mode to
perform the search, binary default or
reverse.
34
=VLOOKUP: Vertical Lookup
searches for the desired value in
the first column of the selected
data set, and on finding the value,
returns the value corresponding
to the selected cell. Syntax:
=VLOOKUP(lookup_value,
table_array, col_index_num,
[range_lookup])

35
=HLOOKUP: Horizontal Lookup
looks for the desired value in a
horizontal data set (rows). It
retrieves the data by searching
the top table row, and then
returning the value of the
corresponding column.
Syntax: =HLOOKUP(value to look
up, table area, row number)
36
=TRANSPOSE: Transpose
function flips the selected row
into a column and vice versa.
Syntax: =TRANSPOSE(array)

37
=IFERROR: The IFERROR function
helps to detect errors in the
formula cells.
Syntax:
=IFERROR(value,value_if_error)

Value shows the value to be tested.

Value_if_Error is the value to be
returned if an error occurs.
38 =DATE: The DATE function is used
to calculate dates in MS Excel.
Syntax:
=DATE(year,month,day)

39
=TODAY: Returns with the current
date in the selected cell.
Syntax: =TODAY()

40
=EOMONTH: The End of the month
function is used by accountants or
finance experts to insert the end
date of any month.
Syntax: =EOMONTH(start_date,
months)
38 =DATE: The DATE function is used
to calculate dates in MS Excel.
Syntax:
=DATE(year,month,day)

39
=TODAY: Returns with the current
date in the selected cell.
Syntax: =TODAY()

40
=EOMONTH: The End of the month
function is used by accountants or
finance experts to insert the end
date of any month.
Syntax: =EOMONTH(start_date,
months)
41
=EDATE: The EDATE function
calculates the end date of a
period. It is mostly used for debt
repayment.
Syntax: =EDATE(start_date,
months)

42
=YEARFRAC: Yearfrac calculates
the fraction of the year. It is used
to calculate stub periods.
Syntax: =YEARFRAC(start_date,
end_date, [basis])

Start Date is the beginning of the period.

End Date is the end of the period.
[basis]: Considers the type of day count.
43
=CONCAT: Concatenate
Function joins multiple texts from
multiple cells into the desired
format.
Syntax: CONCAT(string1,
string2, …., string_n)

44
=PMT: The PMT functions
calculate the constant payments
of loan principal and interest
figures.
Syntax: =PMT(rate, nper, pv,
[fv], [type])
Rate represents the Interest Rate.
Nper considers the total number of
instalments for loan repayment.
PV is the present value of the future
payments.
FV is the cash balance left after the last
payment.
Type considers the type of day count
that we want to use for the calculation.

45
=NPV: NPV function calculates the
Net Present Value for a period of
cash flows. NPV function
considers all periods as equal.
Syntax: =NPV(rate,value1,
[value2],…)
Rate represents the discount rate for
the period.
Value 1, and Value 2 represent the
payment and income figures.
46
=XNPV: XNPV is an enhanced
version of the NPV function. It
also calculates the Net
Present Value of cash flows
for a given period. And it
performs calculations with
unequal periods.
Syntax: =XNPV(Rate, Cash
Flows, Dates of Cash Flow)

Rate is the discount rate over a period.

Values are the series of numeric values
representing the payments.
Date shows the dates corresponding to
the cash flows.
47
=IRR: It calculates the return
for an investment for a series
of cash flows.
Syntax: =IRR(values,
[guess])
Value refers to the number for
which we want the internal rate of
return.

48
=XIRR: Extended IRR is the same
as the IRR function, but it values
the possibility of irregular
periods.
Syntax: =XIRR(values, dates,
[guess])
 Values represent the series of
cash flows in the worksheet.
Dates refers to the series of dates
of the given value.

49
=SLOPE: This function returns
the slope of linear regression
based on the given data.
Syntax: =SLOPE(known_y’s,
known_x’s)

known_y’s refers to the array of

dependent data sets.
known_x’s refers to the array of
independent data sets.
 50
=INDEX MATCH: The INDEX
MATCH function is a
combination of two Excel
formulas:
INDEX: It returns the value
based on the data given in the
rows and columns of the table.

Syntax: =INDEX(array,
row_num, [column_num])
 51
MATCH: It finds the position of
a cell in the row or column of
the data table.
Syntax:
=MATCH(lookup_value,
lookup_array,
[match_type])
Let’s Summarize
Excel's enduring relevance and
widespread adoption as a
cornerstone of modern business
operations underscore its
importance, bridging the gap
between traditional
spreadsheet analysis and
cutting-edge technologies,
empowering professionals
worldwide to navigate complex
data landscapes and make
informed decisions in an era of
data-driven decision-making
and rapidly expanding
technology.
 Ashish Agarwal

"We help individuals

to get certified in
Business and
Finance Skills"
Check out online certification
programs on:

Skillfine.com

Save for Later