Must-Know Excel Functions for CPAs

6 Credits: Specialized Knowledge


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Must-Know Excel Functions for CPAs

Course Level
CPE Credits

6 Credits: Specialized Knowledge

Course Description

Before this course, CPAs and financial professionals might find themselves underutilizing Excel, often limited to basic functions and manual data management methods. This can lead to inefficiencies, inaccuracies in data analysis, and a significant amount of time spent on tasks that could be streamlined. The complexity of Excel’s advanced functions, such as logical and text functions or financial calculations, can seem daunting, hindering the effective use of this powerful tool.

After completing this self-study CPE course, participants will experience a profound transformation in their ability to use Excel. The course bridges the gap between basic understanding and advanced proficiency. Attendees will learn the syntax and application of functions for summing, counting, and manipulating data, along with logical functions for item testing and exception handling. The course also covers advanced techniques like VLOOKUP, INDEX, MATCH, and time value of money functions, enabling participants to conduct thorough financial analyses efficiently. Equipped with these advanced skills, CPAs and financial professionals will be able to significantly enhance their productivity and accuracy in data management and analysis, unlocking the full potential of Excel in their professional roles.

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Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Recognize the syntax and characteristics of functions used to sum and count data, including their applicable calculation results
  • Recognize the syntax and use of logical functions to locate items to test, and to locate and handle exceptions
  • Identify the various text functions that manipulate text data, their syntax, and their applicable use to achieve a desired result
  • Recognize the syntax and use of the VLOOKUP, INDEX, MATCH, and a combination of the INDEX and MATCH functions
  • Compute a payment, rate, term, present value, or future value using time value of money functions
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Course Specifics

Course ID
Revision Date
February 7, 2023

There are no prerequisites.

Advanced Preparation


Number of Pages

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 …