EXCEL DAYS360 FUNCTION 30/360 DAYS COUNT CONVENTION By Nooruddin Surani
Introduction <ul><li>The Gregorian calendar is the internationally accepted civil calendar. But due to different number of...
Working with 30/360 Days with Excel <ul><li>In Excel it is very easy to work with 30/360 Days Count Convention </li></ul><...
Example 1 <ul><li>My date of birth is 7-Dec-1973 today’s date is 19-Mar-2010, follow the example to understand the same. <...
Conclusion <ul><li>You can use Excel’s DAYS360 function to calculate difference in two dates </li></ul><ul><li>This functi...
References <ul><li>Gregorian calendar. (2010, March 16). In Wikipedia, The Free Encyclopedia. Retrieved 15:25, March 19, 2...
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Excel DAYS360 Function

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This presentation is to define Excel's DAYS360 Function.

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Excel DAYS360 Function

  1. 1. EXCEL DAYS360 FUNCTION 30/360 DAYS COUNT CONVENTION By Nooruddin Surani
  2. 2. Introduction <ul><li>The Gregorian calendar is the internationally accepted civil calendar. But due to different number of days in different months makes it difficult to work on financial calculations using Gregorian calendar </li></ul><ul><li>While working on Financial Models it is easy to deal with 30/360 days year as most of the financial, corporate & municipal institutions follow the same </li></ul>Gregorian calendar. (2010, March 16). In Wikipedia, The Free Encyclopedia. Retrieved 15:25, March 19, 2010, from http://en.wikipedia.org/w/index.php?title=Gregorian_calendar&oldid=350173459 No. Name Days 1 January 31 2 February 28 or 29 3 March 31 4 April 30 5 May 31 6 June 30 7 July 31 8 August 31 9 September 30 10 October 31 11 November 30 12 December 31
  3. 3. Working with 30/360 Days with Excel <ul><li>In Excel it is very easy to work with 30/360 Days Count Convention </li></ul><ul><li>Syntax: =DAYS360(START_DATE, END_DATE, [METHOD]) </li></ul><ul><li>Where START_DATE is the first date and END_DATE is the last date of the period </li></ul>
  4. 4. Example 1 <ul><li>My date of birth is 7-Dec-1973 today’s date is 19-Mar-2010, follow the example to understand the same. </li></ul>
  5. 5. Conclusion <ul><li>You can use Excel’s DAYS360 function to calculate difference in two dates </li></ul><ul><li>This function will eliminate the confusion with Gregorian Calendar regarding different number of days in different months, even different number of days in leap years </li></ul><ul><li>Syntax: =DAYS360(START_DATE, END_DATE, [METHOD]) </li></ul><ul><li>Where START_DATE is the first date and END_DATE is the last date of the period </li></ul>
  6. 6. References <ul><li>Gregorian calendar. (2010, March 16). In Wikipedia, The Free Encyclopedia. Retrieved 15:25, March 19, 2010, from http://en.wikipedia.org/w/index.php?title=Gregorian_calendar&oldid=350173459 </li></ul>

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