Reader small image

You're reading from  Hands-On Financial Modeling with Microsoft Excel 2019

Product typeBook
Published inJul 2019
PublisherPackt
ISBN-139781789534627
Edition1st Edition
Tools
Right arrow
Author (1)
Shmuel Oluwa
Shmuel Oluwa
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

Right arrow

Absolute referencing

Sometimes, you will have a formula that contains a reference that you don't want Excel to modify when you copy the formula. For example, let's say we want to calculate commission on sales for each salesperson. This would be Sales × Commission.

As we move down the list, the row number changes so that the reference to the sales that are made by the salespersons moves from H5 to H6, to H7, and eventually to H20, which is the last record in our list.

However, the same commission percentage, which is in cell H2, applies to all salespersons. Thus, when we copy down the list, we need to retain the cell reference, H2, and so we need to lock the cell reference or make it absolute.

We do this by putting the $ sign before the column and row parts of the reference. By doing this, H2 becomes $H$2.

Instead of typing them in, Excel allows you to press the...

lock icon
The rest of the page is locked
Previous PageNext Page
You have been reading a chapter from
Hands-On Financial Modeling with Microsoft Excel 2019
Published in: Jul 2019Publisher: PacktISBN-13: 9781789534627

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