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With approximately 500 functions already present, Excel seemingly has a function for every need. But sometimes the function YOU need just simply isn’t available. For example, Excel does not have functions to calculate income tax expense or, in many cases, depreciation expense. To solve these shortcomings, you can create User Defined Functions (UDFs). UDFs provide you with the opportunity to create functions for use in any of your formulas and automate your most complex calculations. Join us to learn how to put the power of UDFs to work to simplify and automate even your most complex calculations.
- Define the role of a User Defined Function in Excel.
- Identify the key functionality and terminology which is used to create user defined functions in Excel.
- Create formulas that incorporate UDFs for custom calculations inside of Microsoft Excel.
- None, but it is recommended to check out other podcasts in this series.