In July 2019 following on from the response and feedback from my June webinar, I covered more financial functions. These are more related to comparing and analysing cash flows. I have also included a couple of requested schedules.
This session will cover the following functions
NPV – Net Present Value of regular cashflows (learn to trick to using it correctly)
XNPV – Net Present Value of irregular cashflows
IRR – Internal Rate of Return of regular periodic cashflows
XIRR – Internal Rate of Return of irregular periodic cashflows
Discounted Payback period schedule
Flexible Loan schedule – handles lump sum payments
As with all my sessions, I will throw in a few other shortcuts along the way.
Let’s say you have an input range that covers the whole year. You only want users to make entries in the current month column. How can you limit the month entry? The answer is a custom Data Validation.
When developing budgets and financial models you may need the same rate/value (say debtor days) for 10 months of the year but need to adjust it for 2 months. It is usually December and January as they tend to be a little different due to the Christmas / New Year period. Here’s a couple of ways to handle exceptions in Excel.
Unfortunately Excel doesn’t have an ISDATE function. Excel’s macro language, VBA does, but there is no spreadsheet function that let’s you know if a cell contains a date. Well there is a partial workaround and you can also use VBA.