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Create Advanced Formulas & Macros: 30-35%

• Use Advanced Time and Date Functions: The examinees need to develop their skills in calculating financial data with the use of the PMT() function as well as forecasting data with the NPER(), AND(), and IF() functions. Additionally, they should now how to recapitulate data from different ranges with the use of the Consolidate feature. This section will also measure your ability to carry out what-if analysis with the use of Scenario Manager and Goal Seek.
• Carry out Logical Operations within Formulas: The applicants should be able to carry out logical operations with the use of nested functions. These include the following functions: IF(), SUMIF(), SWITCH(), SUMIFS(), COUNTIF(), AVERGAGEIF(), MAXIFS(), NOT(), OR(), AND(), and MINIF().
• Troubleshoot Formulas: This objective covers the individuals’ skills in evaluating formulas, validating formals with the use of error checking rules, and tracing dependence and precedence. It also measures their expertise in monitoring formulas and cells with the use of Watch Window.
• Create and Operate Macros: The examinees need to be able to record, name, and edit simple macros.
• Search Data with the use of Functions: This subject area requires one’s skills in searching for data with the use of INDEX(), HLOOKUP(), VLOOKUP(), and MATCH().