Excel Time Value of Money Functions for CPAs

4 Credits: Computer Software & Applications


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Excel Time Value of Money Functions for CPAs

Course Level
CPE Credits

4 Credits: Computer Software & Applications

Course Description

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.

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Learning Objectives

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.
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Course Specifics

Course ID
Revision Date
February 7, 2023

Basic to intermediate knowledge of Excel.

Advanced Preparation

Excel 2007 and higher.

Compliance Information

NASBA Provider Number: 103220

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

Meet The Experts

Joseph Helstrom Headshot

Joseph Helstrom, CPA, is a partner at CFO Resources, LLC, a company focused on training and courseware for CPAs. He’s also the owner of Mill Creek Publishing LLC. Joe has over 30 years of experience as a CPA in both public accounting and industry, with extensive experience in financial reporting and analysis, treasury, tax, information technology, legal and regulatory matters, and strategic planning. After graduation from Butler University with a degree in accounting, Joe got his start at Ernst & Young. Subsequent to that, he has served for several different companies as a chief financial officer; director of treasury and …

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