Excel Time Value of Money Functions for CPAs (TIMC)

Customer Rating
Field of Study
Computer Software & Applications
Level
Overview
Credits
3.5
Qualifies For
CPE



Price:  $ 59

This course 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. The course is intended for intermediate to advanced Excel users. This course provides step by step instruction however it does not include exercise files as the examples are simple and can be created easily. This course covers two functions that were introduced in Excel 2013. If you do not have Excel 2013 or a higher , you will only be able to read about these 2 functions.

Additional information

year

2022

version

01

Credits

3.5

Company Code

Self Study

Format

On Demand

Yellow Book Approved

0

CFP Approved

0

IRS Approved

0

CTEC Approved

0

Field of Study Credits

Computer Software & Applications (3.50)

Field of Study Department

Computer Software & Applications

Course Version

2022-01

CPE Approved

1

Pre-requistes:

Basic understanding of file management and functions

Knowledge Level:

Overview

Major Topics:

  • Time Value of Money Concepts 
  • Understanding Excel Time Value of Money Functions 
  • New Single Sum Functions in Excel 2013 
  • Evaluating Uneven Cash Flows – Capital Budgeting

Learning Objectives:

  • Identify which Excel time value of money function should be used in a given circumstance
  • Associate compounding periods with the appropriate adjustments to rate and number of periods
  • Identify Excel’s sign convention
  • Recognize how to solve for rate, number of periods and payment
  • Recognize how to use Capital budgeting for internal rate of return and net present value
  • Recognize how to use data tables to present alternatives

Designed For:

All CPAs