ACOT Intro/Copyright
Succeeding in Business with Microsoft Excel 2010: Chapter
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Course Learning Outcomes
Upon completion of this course, students will be able to:
• Navigate online computer platforms to acquire and distribute information.
• Apply Excel skills and tools in business problem solving.
• Solve problems with statistical analysis tools.
• Apply logic in decision making.
• Retrieve data for computation, analysis, and reference.
• Evaluate the financial impact of loans and investments.
• Organize data for effective analysis.
• Apply data tables and excel scenarios for what-if analysis.
• Synthesize smart worksheets.
• Enhance decision making with Solver.
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Roadmap
Chapter 1
Applying Fundamental Excel Skills and
Tools in Problem Solving
Succeeding in Business with Microsoft Excel 2010: Chapter
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Chapter Objectives
• Identify and correct common Excel error
messages, correct basic formatting problems,
correct errors in formulas, and understand
precision vs. display of cell values.
• Develop and integrate multiple worksheets,
understand and apply functions.
• Design, organize, and implement a workbook.
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Basic Worksheet
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Examining a Basic Worksheet
for Errors
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Excel Error Messages
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Check on Learning
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Correcting Formatting Problems
• Modifying column width
– Double-click column dividing line to make the
column as wide as the longest entry
– Drag column dividing line to desired width
– Click format button in Cells group on Home tab Click Auto-fit Column Width
• Checking error messages (Error Alert button)
• Formatting numbers
• Inserting and aligning a title
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Modifying Column Width
• Modifying column width
– Double-click column dividing line to make the
column as wide as the longest entry
– Drag column dividing line to desired width
– Click format button in Cells group on Home tab Click Auto-fit Column Width
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Checking Error Messages (Error Alert button)
Checking error messages (Error Alert button)
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Formatting Numbers
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Modifying Cell Formatting
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Check on Learning
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Documenting a Worksheet
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Worksheet after Correcting Formatting
Problems
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Correcting Errors in Formulas
• Print the worksheet in two different formats
– Default format (displays values)
– Format that displays formulas
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Checking Simple Formulas for Accuracy
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Check on Learning
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Determining
Order of Precedence Rules
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Understanding
Precision Versus Display of Cell Values
• Excel can display values in several different
formats without changing the precise value
stored in the program
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Understanding
Precision Versus Display
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Checking Accuracy
in Formula Updates
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Checking Accuracy
in Formula Updates
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Check on Learning
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Working with Multiple Worksheets
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Functions
• Predefined formula that performs calculations
• Structure
– Function name and open parenthesis mark
– Arguments (list of inputs in a specific order, separated
by commas)
– Closing parenthesis mark
• Has its own syntax (specifies function name and
order of arguments)
• Behaves according to its algorithm (rules
programmed into the function)
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Calculating Totals Using
the SUM Function
• SUM function
– Adds a list of values and/or cell ranges
• Excel has an AutoSum feature for quick
calculation
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Inserting a Function
into a Formula
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Common Excel Functions
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Check on Learning
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Check on Learning
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Check on Learning
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Check on Learning
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Check on Learning
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Calculating Average, Minimum, and Maximum
Values
The AVERAGE function ignores blank cells and cells with text.
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Calculating the Number of Values Using COUNT and
COUNTA Functions
COUNT function ignores blank cells and cells with text;
COUNTA function does not ignore text cells.
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Check on Learning
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Check on Learning
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Creating a Budget Workbook
Setting up a preliminary budget
From your earlier analysis of material and labor costs and with
new information provided,
you know the following about the original option:
• Material costs total $50.15 per shoe.
• Labor costs total $7.33 per shoe.
• Overhead costs are calculated as 25% of the direct labor costs.
• Selling expense is calculated at $10 per pair of shoes, or $5 per
shoe.
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Organizing the Workbook
Inputs and outputs on separate
worksheets
One worksheet for each quarter
with all inputs and outputs for all
three pricing alternatives on a
single worksheet
One worksheet for each pricing
alternative with all inputs and
outputs for all four quarters on a
single worksheet
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Understanding Relative Cell Referencing
• Allows use of a “general” formula over and
over again, but with a different set of numbers
• Can also copy formulas using the fill handle
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Relative Cell Referencing
Excel automatically alters the new formula relative to the location of the original formula
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Understanding Absolute and Mixed Cell
Referencing
• Absolute cell referencing
– To indicate that a cell reference (both column and
row) – or even a part of a cell reference – should
remain unchanged when copying
– Syntax = $ before column letter, before reference
number, or both
• Mixed cell referencing
– A cell reference that has only one $
– Common when you need to copy a formula both
down a column and across a row at the same time
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Understanding Absolute and Mixed Cell
Referencing
The formula entered in cell
C11 applies absolute and
mixed cell referencing
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Check on Learning
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Other Cell Referencing Techniques
• Naming a cell or cell range
• Writing a formula to subtotal the cost of
goods sold
• Writing a formula to calculate selling expense
• Writing a formula to calculate projected
earnings
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Completing the Budget Worksheet
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Completing the Budget Workbook
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Completing the Budget Workbook
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Chapter Objectives
• Identify and correct common Excel error
messages, correct basic formatting problems,
correct errors in formulas, and understand
precision vs. display of cell values.
• Develop and integrate multiple worksheets,
understand and apply functions.
• Design, organize, and implement a workbook.
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