The default settings for the accounting number format, which is one of 10 formatting choices in Excel, are to include two decimal places in the number entered into the spreadsheet and to display ...

Both the Currency and Accounting number formats in Excel are used to display monetary values, including the symbol for the chosen currency. However, in this article, I'll explain their subtle ...

How to Use Excel for GAAP Accounting. The generally accepted accounting principles give an accounting guideline that allows third parties to fairly evaluate account records.

Microsoft Excel was first released in 1987 and — despite popular competitors such as Google Sheets — is still used by millions of businesses throughout the world. Described as the “world’s most ...

This Technology Workshop illustrates how to leverage a number of functions to perform calculations in Excel involving the time value of money.

Microsoft Excel is one of the most vital tools for financial services and accounting Excel is one of the central tools used by the financial services and accounting industries, as it provides many of ...

When teaching financial accounting, faculty often discuss bonds payable and how to calculate the issue price of a bond. Consider teaching students to calculate the issue price by using the net present ...