Excel Time Value of Money Functions for CPAs uses practical examples to provide an overall understanding of time value of money concepts and to illustrate time value of money functions in Microsoft Excel. The course covers present and future values of both single sums and annuities as well as computing the rate, periodic payment, and number of periods in accounting and financial planning scenarios. Also included is the creation of an amortization table, Excel CUMIPMT and CUMPRINC functions, capital budgeting, and the use of data tables. Step by step instructions are provided; however the course does not include exercise files as the examples are simple and easy to recreate.
Upon successful completion of this course, participants will be able to:
- Identify time value of money concepts and Excel's sign convention.
- Recognize the components and function arguments of Excel time value of money functions.
- Calculate the present value of a single sum, the future value of a single sum, the present value of annuities, and the future value of annuities.
- Calculate rate, number of periods, and payment.
- Calculate the cumulative interest payment for a time period and the cumulative principal paid for a period.
- Calculate internal rate of return and net present value.
- Recognize the use of data tables to analyze and calculate alternatives.
Table of Contents
Time Value of Money Concepts
Understanding Excel Time Value of Money Functions
Present Value of a Single Sum
Future Value of a Single Sum
New Single Sum Functions
Present Value of Annuities
Future Value of Annuities
Computing the Periodic Payment
Computing the Rate
Computing Number of Periods
CUMIPMT and CUMPRINC Functions
Evaluating Uneven Cash Flows—Capital Budgeting
Using Data Tables
Review Question Answers and Rationales
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