Excel Formulas – We have always heard that How Excel is one of the most powerful software tool. Excel formulas is just like magic which makes life easier from complex and time consuming calculations of math, statistics, Business etc. It has ability to calculate numerical information using excel formulas. In this article I’m planning to emphasize especially on basic of Excel Formulas. So this article gives you answers of following:
Basics of Microsoft Excel
 How to open Excel Spreadsheet
 What is Excel formula?
 How to use excel formulas in excel?
 How to perform basic calculation in excel
Top 10 Excel formulas useful for any professionals.
Free excel Training Program that make you Excel Master
Once you do know how to use basic formulas in excel, then you can easily find ways to use it in your work. Before digging deep into the Excel lets learn some basics like How to start Excel? So let’s quickly take the review of Excel interface. Most of us may have knowledge of all these stuff. What you need to do when you want to start excel programme? Generally we click on the start button then >> Programme >>MS office >> select MS Excel. Or just simply type “excel” in Run and press Enter then blank Excel spreadsheet will open.
When you open a blank Excel spreadsheet, it is known as a “workbook” The top of the portion is called “ribbon”; it’s again divided into the “tabs” (Highlighted in red)
Now most importantly and our concern is with excel formulas and functions . Alternatively referred to as a formula box, it shows the contents of the current cell and allows you to create and view formulas.
Now look at the following picture, this portion is called worksheet. It consists of “columns” (denoted by letters e.g. A, B) and “rows” (indicated by numbers e.g. 1 ,2). Each location is a “cell” and a group of cells is known as a “range”.
That’s it, pretty simple, and just a short overview of some of the terminology that you’ll encounter in excel.
What is Excel Formula?
Now what do you meant by excel formula? Sounds like big jargon! But don’t worry! Excel formulas makes life simple. If you want to calculate numbers in very dynamic passion then you can use excel formulas. Excel Formulas will calculate numbers or values for you so that you don’t have to spend much time in calculating large numbers manually and risk making mistakes.
“A formula is an instruction given by the user to carry out some activity within spreadsheet, generally its calculation.”
This is the formal definition of excel formula. Our main concern is learn basic excel formulas in excel so let’s look at How to enter a formula in Excel? When you enter a formula in excel then you have to clear about your ideas or what you want to do in excel. Let’s say you are in one cell and you want to enter formula then firstly you have to start by typing the = (equals) sign, then the remaining of your formula. Here excel provides another option for you. You can also start a formula with either a plus (+) sign or minus () sign. Excel will assume that you’re typing a formula and after pressing enter; you will get your desired excel formulas result. In case you don’t type the equals sign first, then Excel will assume you are typing either a number or a text.
Following are some steps that you need to follow for entering a formula into the excel
 Go to the cell in which you want to enter a formula.
 Either type equal sign (=) or (+) or () sign to tell Excel that you’re entering a formula.
 Type remaining formula in the cell.
 Lastly Press Enter to confirm the formula.
Take a simple excel formulas with example, if you want to calculate sum of two numbers i.e. 5 & 6 in cell A2 then how do you calculate. Let’s follow the above steps:
 Go to the “A2” cell
 Type “=”sign in cell A2
 Then enter formula, Here you have do sum of 5 & 6 so formula will be “= 5 + 6”
 Once you complete your formula then Press “Enter”. You will get your desired result i.e. 11
Now many times instead of getting your desired excel formulas result, you will encounter with an error in excel. Following are some excel formulas errors faced by many excel users.
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Errors in excel formulas
How many times you are encountered with excel errors? It’s a frustrating experience when excel gives an error. Mostly there are two kinds of excel formulas error occurs in excel first is #VALUE And #NAME. This will happen if the formula you’ve typed is invalid.
#VALUE Error
This means that you have entered a formula that was value, but Excel could not calculate a valid result from your formula.
Look at following picture carefully;there are two columns consist of Department and number of students.Now #VALUE error occurs when you are trying to calculate excel formulas for addition of cells which contain non numerical value.If you trying to Add value Cell A2 and cell B2 then excel gives you #VALUE error. Because Cell A2 contains non numerical value.
Reasons for #VALUE Error
 Adding cells that contain a nonnumerical value.
 Error with formula
 Nonnumerical value
This excel formulas error is commonly encountered when the formula isn’t formatted correctly or contains other errors as seen in the example below
How to Correct #VALUE Error
Instead of using arithmetic operators, use a function, such as SUM, PRODUCT, or QUOTIENT to perform an arithmetic operation.Ensure that adding cell does not contain a nonnumerical value.Following picture shows how to correct #VALUE error.In above example we have seen that why #VALUE error occurs.Now We are trying to Add cells including numerical values only.in short we can say that avoid addition,subtraction, division or multiplication of nonnumerical values with numerical values.
#NAME Error
#NAME error occurs when Excel doesn’t recognize text in a formula. Look at following picture. If we want to calculate excel formulas for sum of number of students then what we do? we simply insert SUM formula then select range and press enter. But if we you enter formula SUM and select range then press enter.Excel gives an #NAME error. because you enter wrong formula.
How to Correct #NAME Error
 Ensure formula is correctly entered
 Make sure quotation marks are added and they are balanced from left and right.
 Replacing a colon (:) in a range reference. For e.g. SUM(A1A10) should be COUNT(A1:A10)
Some Basic Arithmetic Excel Formulas
Arithmetic formulas are by far the most common type of formula. It generally includes mathematical operators like Addition, Subtraction , Multiplication, Division etc to perform calculations. Look at the following table.
The Arithmetic Operators
Operator  Name  Example  Result 

+  Addition  =5+5  10 
–  Subtraction  =105  5 
–  Negation  =10  10 
*  Multiplication  =10*5  50 
/  Division  =10/5  2 
%  Percentage  =10%  0.1 
^  Exponentiation  =10^5  100000 
Top 10 Basic excel Formulas That You Should Know
Don’t waste any more hours in Microsoft Excel doing things manually. Excel formulas decrease the amount of time you spend in Excel and increase the accuracy of your data and your reports.
Name of Formulas  Formula  Description 

SUM  =SUM ( Number1, Number2, … )  Add all numbers within range resulted into sum of all numbers 
AVERAGE  =AVERAGE(number1, [number2],…)  Calculate average numbers in a range 
MAX  =MAX( Number1, Number2, … )  Calculate or find largest number in specific range 
MIN  =MIN( Number1, Number2, … )  Calculate or find smallest number in specific range 
TODAY  =TODAY()  Returns the current date 
UPPER  =UPPER(text)  Converts text to uppercase. 
LOWER  =LOWER(text)  Converts text into lowercase. 
Countif  =COUNTIF(range, criteria)  This function counts the number of cells within a range that meet a single criterion that you specify. 
counta  = COUNTA(value1, [value2], …)  This function counts the number of cells that are not empty in a range. 
ABS  = ABS(number)  ABS function returns a value of the same type that is passed to it specifying the absolute value of a number. 
Recommended Free Excel Formulas Training:
If you just simply searching on Google for free excel courses you may get long list of excel free training courses. However you might get confused by referring so many excel resources. I would like to suggest you go for EduCBA’s free online training on Excel. Online courses are much better than some of the expensive classroom training courses because they provide time flexibility and cost effectiveness. The excel formulas learning materials are freely available on EduCBA website and the videos includes in the course are short and very easy to understand, planned especially for beginners. Also for your convenience, the spreadsheets explained in the videos are available for download. This way you can immediately practice what you have just seen and learned.
Free Demo Excel Formulas Video:
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