CPA Advanced LevelBusiness Data Analytics

CPA Advanced Level

Business Data Analytics glossary

Every term this guide defines, A to Z, each with the chapter that teaches it. Open it when a word in a question is unfamiliar, and test yourself on it in the last week: cover the definition and say it in one sentence.

20 terms from the free first chapter

A

Absolute ($A$1)

Neither moves. Use it for a single input cell such as a tax rate or a discount rate that every row reads.

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B

Backstage view

What opens when you click File: Info, New, Open, Save As, Print, Share, Export and Options. Excel Options (File > Options) holds the calculation settings, add-ins such as Solver and the ribbon customisation.

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E

Error Checking

Walks through cells with errors or inconsistent formulas (the green triangles).

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Evaluate Formula

Steps through a formula one calculation at a time, showing each intermediate result: the tool for a long nested IF that returns the wrong value.

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F

Fill handle

The small square at the bottom right of the active cell. Dragging it copies a formula or extends a series (months, numbers, dates); double-clicking it fills down as far as the adjacent column has data.

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Formula bar

Shows the content of the active cell: the formula, not its result. Ctrl+Shift+U expands it for long formulas.

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G

Go To Special

F5 > Special, or Home > Find & Select > Go To Special. Formulas selects every formula cell, Constants every typed value, Blanks every empty cell, plus Current region, Visible cells only, Precedents and Dependents.

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M

Mixed, column fixed ($A1)

The column stays A while the row moves. Use it when every column of a grid must read the same input column.

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Mixed, row fixed (A$1)

The row stays 1 while the column moves. Use it when every row of a grid must read the same header row.

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N

Name Box

The box at the left of the formula bar that shows the address or name of the active cell. Typing an address or a defined name into it and pressing Enter jumps straight there; typing a name over a selected range creates that name.

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Q

Quick Access Toolbar

The small toolbar above or below the ribbon that holds commands you use constantly, such as Save, Undo and Redo. Right-click any ribbon command and choose Add to Quick Access Toolbar to put it there; each item then also gets an Alt plus number shortcut.

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R

Relative (A1)

Both column and row move when copied. Copying =B3*C3 one row down gives =B4*C4.

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Remove Arrows

Clears the tracer arrows.

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Ribbon

The band of tabs (Home, Insert, Page Layout, Formulas, Data, Review, View) that replaced menus in Excel 2007. Each tab is split into groups; Data holds Sort & Filter, Data Tools (Data Validation, Text to Columns, Remove Duplicates) and Forecast (What-If Analysis).

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S

Sheet tabs

The tabs at the bottom that name each worksheet. Double-click a tab to rename it. In this paper every answer sheet must carry the name of the entity in the question.

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Show Formulas

Ctrl+` displays every formula in place of its value, so a typed number in a row of formulas stands out at once.

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Status bar

The strip at the bottom of the window. Select a range and it shows the Sum, Average and Count of the selection without a formula, which is a quick check on any total you build.

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T

Trace Dependents

Draws arrows to the cells that use the active cell, showing what would change if it changed.

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Trace Precedents

Draws arrows from the cells a formula reads (Formulas > Trace Precedents). A dashed arrow with a sheet icon means a precedent on another sheet.

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W

Watch Window

Keeps chosen cells (NPV, profit) in a floating window so their values are visible while inputs elsewhere are changed.

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The full glossary adds every term from the other 30 chapters, A to Z, each with the chapter that teaches it.