The How's and Why's of Creating User-Defined Functions in Excel
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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.
Upon completing this session, you should be able to:
- Define the role of a User Defined Function in Excel
- List the steps necessary to create and save a UDF
- Differentiate between key phrases used in creating UDFs
- Create formulas that incorporate UDFs
- Examining UDFs relative to macros
- Identifying the steps necessary to creating UDFs in Excel
- Understanding where you should save UDFs
- Key syntax when creating UDFs
- Incorporating UDFs into your workbooks