The document discusses Microsoft Excel functions that are useful for accounting purposes including AVERAGE, MIN, SUM, MAX, CONCATENATE, EXACT, ROUND, INT, COUNT, and COUNTA. It explains what each function does, such as AVERAGE calculates the mean, MIN returns the smallest value, and SUM adds all numbers. It also notes that using accounting software like Excel contributes to making efficient financial reports by reducing errors and increasing accuracy and speed.
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The document discusses Microsoft Excel functions that are useful for accounting purposes including AVERAGE, MIN, SUM, MAX, CONCATENATE, EXACT, ROUND, INT, COUNT, and COUNTA. It explains what each function does, such as AVERAGE calculates the mean, MIN returns the smallest value, and SUM adds all numbers. It also notes that using accounting software like Excel contributes to making efficient financial reports by reducing errors and increasing accuracy and speed.
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Basing on the matters that has
been discussed in the subject, I
gained knowledge with regards to some of functions in Microsoft Excel utilized for accounting purposes. AVERAGE MINIMUM SUM MAXIMUM CONCATENATE EXACT INTEGER COUNT ROUND COUNTA EXCEL FUNCTIONS 8 SLIDES The use of IT Tools or software in accounting contributes an imperative role in making financial reports. This allows accounting department to utilize their time efficiently reducing errors regarding bookkeeping and human calculations achieving accuracy and speed in the workplace. AVERAGE AVERAGE function returns the average (arithmetic mean) of the numbers provided. It is the TOTAL AMOUNT DIVIDED BY THE NUMBER OF ITEMS INVOLVE. This is categorized as a Statistical Function. MINIMUM
MIN function returns the SMALLEST VALUE
from the numbers provided. This is categorized as a Statistical Function. SUM
SUM function ADDS ALL NUMBERS in a range
of cells and RETURNS THE RESULT. This is categorized as a Math/Trig function. MAXIMUM MAX function returns the largest value from numbers provided. This is categorized as a Statistical Function. CONCATENATE Concatenate is just another way of saying “TO COMBINE” or “TO JOIN”. Concatenate function allows you to COMBINE text from DIFFERENT CELLS into ONE CELL. EXACT
This function COMPARES two
strings and returns TRUE if both values are The Excelthe SAME. INT function Otherwise returns the integer part it of a decimal number by rounding down to the will return integer.FALSE. Note the INT function rounds down, so negative numbers become more negative. ROUND The Excel ROUND function returns a number rounded to a given number of digits. The ROUND function can round to the right or left of the decimal point. INTEGER The Excel INT function returns the integer part of a decimal number by rounding down to the integer. Note the INT function rounds down, so negative numbers become more negative. COUNT Use the COUNT function to get the number of entries in a number field that is in a range or array of numbers. COUNTA Excel COUNTA Function. The Excel COUNTA function returns the count of cells that contain numbers, text, logical values, error values, and empty text (""). COUNTA does not COUNT empty cells.