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You're reading from  Hands-On Financial Modeling with Excel for Microsoft 365 - Second Edition

Product typeBook
Published inJun 2022
PublisherPackt
ISBN-139781803231143
Edition2nd Edition
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Author (1)
Shmuel Oluwa
Shmuel Oluwa
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Shmuel Oluwa

Shmuel Oluwa is a financial executive and seasoned instructor, of over 25 years, in a number of finance related fields, with a passion for imparting knowledge. He has developed considerable skill in the use of Microsoft Excel and has organised training courses in Business Excel, Financial Modeling with Excel, Forensics and Fraud Detection with Excel, Excel as an Investigative Tool, Accounting for Non-Accountants, Credit Analysis with Excel amongst others. He has given classes in Nigeria, Angola, Kenya and Tanzania but his online community of students covers several continents. Shmuel divides his time between London and Lagos with his pharmacist wife. He is fluent in 3 languages. English, Yoruba and Hebrew.
Read more about Shmuel Oluwa

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Working with lookup functions

Lookup functions are some of the most widely used functions in Excel. Generally, the intention is to fetch a value from one dataset (the source) to another dataset (the target).

Let's first understand what a proper Excel dataset is.

The first row of a dataset is the header row that contains the names of all the fields. As you can see in the illustration in Figure 3.1, the header row of the sales report includes the following fields: Date, Product, Product Code, Salesperson, and so on. Each column in the dataset represents a field, and each row represents a record. Finally, no entire row or entire column in the dataset must be empty, and there must be at least one empty row below the dataset, at least one empty column to the right, one empty row above (unless the dataset begins from row 1), and one empty column to the left (unless the dataset begins from column A) of the dataset.

For example, say you have two datasets: a sales report that...

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Hands-On Financial Modeling with Excel for Microsoft 365 - Second Edition
Published in: Jun 2022Publisher: PacktISBN-13: 9781803231143

Author (1)

author image
Shmuel Oluwa

Shmuel Oluwa is a financial executive and seasoned instructor, of over 25 years, in a number of finance related fields, with a passion for imparting knowledge. He has developed considerable skill in the use of Microsoft Excel and has organised training courses in Business Excel, Financial Modeling with Excel, Forensics and Fraud Detection with Excel, Excel as an Investigative Tool, Accounting for Non-Accountants, Credit Analysis with Excel amongst others. He has given classes in Nigeria, Angola, Kenya and Tanzania but his online community of students covers several continents. Shmuel divides his time between London and Lagos with his pharmacist wife. He is fluent in 3 languages. English, Yoruba and Hebrew.
Read more about Shmuel Oluwa