This video will outline a macro-free approach to execute effective consolidation of data, which in this example will sum capital expenditure across three business units for strategic planning purposes.
This approach uses the LOOKUP to produce a dynamic dependent drop-down list, which will cater to dependent lists of various input quantities. The application of a dynamic dependent drop-down list, can be applied in a variety of financial models and spreadsheet situations.
The Excel Fill Handle, along with the drag-and-drop editing, are helpful apparatus for seasoned financial professionals. By hovering the mouse over a cell or range of cells, a financial modeller can copy a cell or range of cells in a few time-saving ways. Additionally the fill handle can fill adjacent cells with a series of data, not to mention cell styles or cell formats.
The Data Group tool in Excel is an important feature to implement in a best practice strategic plan. It is a safer, more intuitive alternative to hiding rows or columns, which will often be overlooked by other model users. For the purposes of strategic planning or financial planning & analysis (FP&A), the Data Group function in Excel will enhance the financial model in a number of ways.