To calculate the correct growth rate for your data you need to be clear about what you want your growth rate to signify. Here's how to work it out.

How to Calculate BOTH Types of Compound Growth Rates in Excel

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If you search the web to learn how to calculate a compound growth rate in Excel, you’ll likely find instructions for calculating only one...
Excel is a great tool for creating business plans. But one massive Excel business plan offers some great ideas about what NOT to do.

How to Audit and Improve Excel Business Plans

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A client, who's a business-finance consultant, recently was hired to improve the financial forecast for a major startup company. He recently sent me the...
Here's how to define a background image for an entire worksheet or for a chart. And also, here's how to fake having a background image for a range.

How to Add Background Images in Excel

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"How can I place a background image and still use the cells that the image covers?" -- Sally M. Sally, You can do this, but possibly...
The Internal Rate of Return calculation has very real problems, no matter where it's calculated. But with its MIRR function, Excel could offer a solution.

How Excel’s MIRR Function Can Fix the IRR Function

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The calculation of an Internal Rate of Return is very appealing...at first glance. When you know the IRR of a prospective investment, you seem to...
Most range names in Excel apply to the entire workbook. But you also can define them to apply only to one worksheet. Here's why and how to do that.

How and Why to Define Excel Range Names with a Worksheet Scope

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In Excel, a name can be global to a workbook or local to a worksheet. The traditional method we all use when we create...
How to calculate and highlight the standard error of the estimate on each side of the trend in an Excel chart to make exceptional results stand out.

Highlight Normal Results in Line Charts to Make Exceptional Results Stand Out

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Line charts that show trends in performance are the most useful type of chart that management reports can contain. All managers want good performance to...
Several business magazines offer great examples of how to use charts to communicate business data. But sadly, at times, they show us what NOT to do.

Good Examples of Bad Charts: Chart Junk from a Surprising Source

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For years, I’ve written that we Excel users should create “magazine-quality” charts for our reports and analyses. However, we must be very careful of the...
I've seen many horrible monthly Board Reports and CEO Reports over the years. Here's how Excel users can correct many of those problems.

Fourteen Ways to Improve Your Monthly Board Reports with the Help of Excel

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Board reports should answer four types of questions: 1. What were the significant operating events last month? Are you on target? 2. How has your view...
Many Excel reports are a waste of time and money—often because your managers learn nothing from them. Here's how to make Excel reports useful and popular.

Five Ways to Make Your Excel Reports Incredibly Popular

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Years ago, I was the young CFO of a small company that was purchased by a Fortune-200 company. Within days of the sale, I...
Here's how to help your readers gain more insight from your Excel reports and analyses, base on an article in the Harvard Business Review.

Five Ways to Improve Business Insight in Your Excel Reports

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Is there a systematic way that you can help your readers to gain more insight from your Excel reports? There just might be. The November,...