Explore the intricacies of number formatting and the crucial use of the ROUND function in Excel in this comprehensive 33-minute tutorial. Discover how number formatting acts as a façade, learn about potential calculation errors when formulas don't "see" formatting, and understand how proper formatting can streamline data entry. Master the General Number Format as an eraser and delve into Currency and Accounting formats. Examine real-world examples in payroll and insurance calculations to grasp when and why the ROUND function is essential. Practice applying the three-step rule for determining ROUND function necessity through hands-on exercises. Enhance your Excel skills and avoid common pitfalls in business math calculations with this informative video lesson.
Excel and Business Math - Number Formatting and When You Must Use Round Function
ExcelIsFun via YouTube
Overview
Syllabus
) Introduction.
) What does Number Formatting do? Learn about Number Formatting as Façade.
) Formulas do not “see” Number Format. Learn about how formula results may be misleading because of Number Formatting..
) Learn How Number Formatting can save a lot of time with Data Entry.
) Learn about the important General Number Formatting as an Eraser. Also learn about Currency and Accounting Number Formatting.
) Example of Error in a Payroll example when we do NOT use the ROUND Function.
) Round Numbers by Hand. Rule for Standard Rounding Rule..
) Excel’s Built-in ROUND Function. Learn how to use it and When you MUST use it..
) Examples from Video #3. See an example of how to apply our three-step rule for when the ROUND Function is required. This is the Insurance Discount Example..
) Second example of how to apply our three-step rule for when the ROUND Function is required. This is the Payroll Deduction Example..
) Summary.
Taught by
ExcelIsFun
