This document provides an index and overview of various formulas and functions available in Microsoft Excel. It includes: - An index listing the topics covered and their corresponding page numbers, including formulas, financial, mathematical, text, statistical, logical, lookup/reference functions, and common formula error messages. - Descriptions and examples of common formula categories like financial formulas to calculate loan payments and interest, mathematical formulas like power and square root, text formulas to manipulate strings, and statistical and logical formulas. - Syntax and examples of individual frequently used formulas like PMT, PPMT, SUM, IF, VLOOKUP and more. - Explanations of common formula error messages that may appear like #DIV/

1. ICAI 1

2. ICAI 2
INDEX
S.N. TOPIC PAGE NO.
1.
2.
3.
4.
5.
6.
7.
8.
9.
INTRODUCTION
FORMULA OPERATOR
FINANCIAL
MATHEMATICAL
TEXT
STATISTICAL
LOGICAL
LOOK-UP AND REFERENCE
FORMULA ERROR MESSAGES
3
4
5
11
17
22
25
28
31

3. Microsoft Excel provides several formula for calculation, logical,
lookup etc.
When using a formula in the spreadsheet :
 Result will automatically change as other cell values referenced in the formula
change.
 The user does not have to remember to update other cell.
 Formula always begins with an Equal Sign (=) followed by some other combination of
number, text, cell references and operator.
 If formula is entered incorrectly an ERROR message will appear.
ICAI 3
INTRODUCTION

4. ICAI 4
FORMULA OPERATOR
Operators are used in formulas to execute operations on the values taken by
formulas. Some operator is given below :
 Arithmetic Operators (+, - ,*, / , % , ^) are used in conjunction with numbers.
 Text Concatenation Operator (&) is used for joining text within text in referenced
cell.
 Comparison Operators (=,<,<=,>,>=,<>) are used to compare to values.
 Reference Operators [colon(:), comma (,), space ( ) ] specify a range, union operator
and Intersection Operator.

5. PMT
PPMT
IPMTFV
PV
ICAI 5
FINANCIAL FUNCTION
Financial Function calculates interest rates, loan Payments etc.

6. ICAI 6
PMT : It calculates the payment for a Loan (EMI) based on
constant payments and a constant interest rate.
Syntax : =PMT(rate, nper, pv, [fv], [type])
Example :

7. ICAI 7
PPMT : It calculates the Principle Amount in EMI.
Syntax : =PPMT(rate, per, nper, pv, [fv], [type])
Example :

8. ICAI 8
IPMT : It calculates the Interest Amount in EMI.
Syntax : =IPMT(rate, per, nper, pv, [fv], [type])
Example :

9. ICAI 9
FV : It returns the future value of an investment based on
periodic, constant payments and a constant interest rate.
Syntax : =FV(rate, nper, pmt, [pv], [type])
Example :

10. ICAI 10
PV : It calculates the present value of an Investment.
Syntax : =FV(rate, nper, pmt, [pv], [type])
Example :

11. POWER
SQRT
MODSUMIF
SUM
ICAI 11
MATHEMATICAL FUNCTION

12. ICAI 12
POWER : It returns the result of a number raised to a
power.
Syntax : =POWER(number, power)
Example :

13. ICAI 13
SQRT : It returns a positive square root.
Syntax : =SQRT(number)
Example :

14. ICAI 14
MOD : It returns the remainder after number is divided by
divisor.
Syntax : =MOD(number, divisor)
Example :

15. ICAI 15
SUMIF : It adds the cells specified by a given condition or
criteria.
Syntax : =SUMIF(range, criteria, sum_range)
Example :

16. ICAI 16
SUM : It adds the cell Values.
Syntax : =SUM(Number1, Number2, Number3…)
Example :

17. ICAI 17
TEXT FUNCTION
 CONCATENATE
 LOWER
 UPPER
 PROPER
 LEFT
 RIGHT
 MID
 LEN
 REPT
 ROW
 COLUMN
 TEXT
 FIND

18. ICAI 18
Example and Syntax :
Syntax
Result
LOWER : It returns the values in Lower case.
UPPER : It returns the values in Upper case.
PROPER : It returns the values in Proper case.
LEN : It returns the length of given text.

19. ICAI 19
Example and Syntax :
Syntax
Result
LEFT : It extracts a given number of characters from the Left of a text.
RIGHT : It extracts a given number of characters from the Right of a text.
MID : It extracts a given number of characters from the Mid of a text.
REPT : This function repeats the characters a given number of times.

20. ICAI 20
Example and Syntax :
Syntax
Result
ROW : This function returns the number of a row of given cell reference.
COLUMN: This function returns the number of a column of given cell reference.
TEXT : It convert numbers into text values.
FIND : This function returns the position (as a number) within a text string.

21. ICAI 21
CONCATENATE : This function joins text items together
and returns the result as text.
Syntax : =CONCATENATE(text1, text2…)
Example :

22. COUNT
COUNTIF
COUNTA
COUNT
BLANK
AVERAGE
MAX
MIN
ICAI 22
STATISTICAL FUNCTION

23. ICAI 23
Example and Syntax :
Syntax
Result
MAX : This function returns the largest value in a set of values.
MIN : This function returns the smallest number in a set of values.
AVERAGE: It returns the average of the arguments.

24. ICAI 24
Example and Syntax :
Syntax
Result
COUNT : Count the number of cell that contain numbers.
COUNTIF : It counts the number of cell within a range that meet the criteria.
COUNTA : It Counts cell that contain numbers, text, error values.
COUNTBLANK : It count blank cells in a range.

25. IF
ISBLANK
ISTEXTISNUMBER
EXACT
ICAI 25
LOGICAL FUNCTION

26. ICAI 26
IF : This function can perform a logical test and return one
value for a TRUE result, and another for a FALSE result.
Syntax : =IF(logical_test, value_if_true, value_if_false)
Example :

27. ICAI 27
Example and Syntax :
Syntax
Result
ISBLANK : This function to test if a cell is empty or not.
ISTEXT : This function to check if value is text.
ISNUMBER : This function check whether a value is a number.
EXACT : This function compares two strings and returns TRUE if both are same.

28. ICAI 28
LOOKUP FUNCTION
LOOKUPVLOOKUP HOOKUP

29. ICAI 29
VLOOKUP : This function to lookup vertical i.e. left to right
& retrieve data from a specific column in table.
Syntax : =VLOOKUP(lookup_value, table_array, col_index_number, range)
Example :

30. ICAI 30
HLOOKUP : This function to lookup Horizontal i.e. Top to
Down & retrieve data from a specific Row in table.
Syntax : =HLOOKUP(lookup_value, table_array, row_index_number, range)
Example :

31. ERROR DESCRIPTION
#DIV/0! The formula tries to divide by zero or divisor is a reference to a blank cell
#NULL! Two or more cell reference are not separated correctly in a formula.
#NAME? Formula contains text that Excel doesn’t recognize.
#VALUE! The formula has the wrong type of argument.
##### The column is not wide enough to display the result.
#REF! The formula refers to a cell that doesn’t exist.
#N/A A value is not available to a function or formula.
#NUM! A formula or function contains invalid numeric values.
ICAI 31
FORMULA ERROR MESSAGES

32. ICAI 32
Thank You