Category Archives: Formulas

Excel – Impact Analysis – Trace Dependents

The Need: Trace Dependents

Excel workbooks are complex. Multiple persons share and handle the same file. We keep mailing them to each other. Often the person who created the file has left the organization long back. There is never any documentation available about exactly how a file works.

Due to all this, it is almost impossible to remember which value is used in which formula. When you are about to change a value or add more data to existing block, it is absolutely necessary to ensure that all the related formulas are updated. If you forget to update the formula, the results shown there will be outdated and WRONG. This can hamper decisions and can have severe side effects.

What we need is a way to find out which formulas to update when any data changes or grows. Excel has provided this facility since 25 years. Unfortunately, very few people are even aware of it – leave alone using it!

Continue reading Excel – Impact Analysis – Trace Dependents

Green Marks Part 5/5 (Background Error Checking in Excel)

Fourth article in Error Handling (Background Error Checking or Green mark) series. Read these articles first to maintain continuity.
Auditors, Risk Managers, Everyone: Did you know? These green marks are WARNINGS!!
Green Marks Part 2: Formulas showing wrong results!
Green Marks Part 3: More error handling and Green Marks Part 4: Inconsistent Formulas

In this article, we cover the remaining three types of errors: Unprotected Formula, Formula refers to empty cells and Data Validation Error.

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Continue reading Green Marks Part 5/5 (Background Error Checking in Excel)

Green Marks Part 4: Inconsistent Formulas

Fourth article in Error Handling (Background Error Checking or Green mark) series. Read these articles first to maintain continuity.
Auditors, Risk Managers, Everyone: Did you know? These green marks are WARNINGS!!
Green Marks Part 2: Formulas showing wrong results!
Green Marks Part 3: More error handling

In this article, we will cover two more potential errors related to Inconsistent Formulas.

How to handle inconsistent formulas in Excel - Dr. Nitin Paranjape

Continue reading Green Marks Part 4: Inconsistent Formulas

Green Marks Part 3: More error handling

This is a continuation of the series on error handling – green marks. We will see how to handle Excel formula errors and two Text related (non-formula) errors in this article.

Please read these two articles before reading this article to maintain continuity.
Auditors, Risk Managers, Everyone: Did you know? These green marks are WARNINGS!!Green Marks Part 2: Formulas showing wrong results!

Green marks in Excel - more error handling by Dr. Nitin Paranjape

Continue reading Green Marks Part 3: More error handling

Green Marks Part 2: Formulas showing wrong results!

Green mark in top left corner of Excel cells is an indication that something is wrong with the data you see. Read this article first to understand the concept: Auditors, Risk Managers, Everyone: Did you know? These green marks are WARNINGS!!

In this article, we will discuss the most important and potentially dangerous error which is commonly ignored. Read on and share it with as many people as you can.

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Continue reading Green Marks Part 2: Formulas showing wrong results!