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  5. AIN2601 - Practical Accounting Data Processing (AIN2601)

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AIN2601 EXCEL formula summary
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  • Course
  • AIN2601 - Practical Accounting Data Processing (AIN2601)
  • Institution
  • University Of South Africa (Unisa)

Good day fellow Accounting information systems students AIN2601. I have various material available for this module. EXCEL SAGE and accounting systems Available. This document is enough to help with understanding the basics on Excel. However I am selling a EXCEL spreadsheet that shows the formulas b...

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  • September 23, 2022
  • 4
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers

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  • ain2601 study notes
  • ain2601 summ
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  • ain2601 excel formula notes

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  • University of South Africa (Unisa)
  • AIN2601 - Practical Accounting Data Processing (AIN2601)
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1) MATHEMATICAL FUNCTIONS:

SUM – Adds values in individual cells or cell rangesLO

= SUM(Cell 1 : Cell 3) or =SUM(Cell1, Cell2, Cell3)



ROUND – Rounds the value in the specified cell to the specified number of digits

=ROUND(Cell 1, number of digits)




2) STATISTICAL FUNCTIONS:

AVERAGE – Calculates the average value for the specified cells or range

= AVERAGE(Cell 1 : Cell 3) or =AVERAGE(Cell1, Cell2, Cell3)



MAXIMUM – Identify the maximum value in specified cells or range

=MAX(Cell 1 : Cell 3) or =MAX(Cell1, Cell2, Cell3)



MINIMUM - Identify the minimum value in specified cells or range

=MIN(Cell 1 : Cell 3) or =MIN(Cell1, Cell2, Cell3)




3) FINANCIAL FUNCTIONS

RATE : The interest rate used

NPER: The period applicable

PMT: The installment or payment amount

FV: The future value

PV: The present value

TYPE 1: Installment paid at the Beginning of the month

TYPE 0: Installment paid at the End of the month



PAYMENT CALCULATIONS - Calculates the payment for a loan based on constant payments and
constant interest rate

=PMT(rate,nper,pv,fv,type)

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