Course Description


With blunt tools even a master cannot do much. “sharpen your saw”, as advised by Stephen R. Covey in his best-seller book, “The Seven Habits of Most Effective People”. The objective of this course is to bring finance and computer into one place.

The course tries to sharpen your computer skills, providing you the tools with which financial models and techniques can be easily applied for the valuation of financial assets and projects and for creating budgets. The course content focus on a variety of skills, including implementation of the time value of money concepts using MS Excel, depreciation methods, what-if analysis, matching and merging data sets, use of pivot tables, capital budgeting techniques with solver function, and advanced techniques used in financial modeling. The course also focuses on recording macros and editing them in visual basic. For complete details, download and read the course outline.

Course Outline


Too often, finance courses stop short of making a connection between textbook finance and the problems of real-world business. This course bridges this gap between theory and practice by providing a nuts-and-bolts guide to solving common financial models with spreadsheets. This course takes the students step by step through financial models and various data management issues, showing how they can be solved.

Week No. Description
Lecture 1: Excel Environment  Download
Lecture 2 : Excel Functions  Download
Lecture 3: Formatting Text  Download
Lecture 4: Formatting Text 2  Download
Lecture 4b Importing Text  Download
Lecture 5 : Ratio Analysis  Download
Lecture 6 : Time Val. of money  Download
Lecture 7 : TVM Annuity  Download
Lecture 8 : Loan Amortization  Download
Lecture 9 : Time value of Money II  Download
Lecture 10 : IF, Nested IF  Download
Lecture 11 : Income Tax with IF  Download
Lecture 12: Revision for mid-term  Download
Lecture 13 : Cell Protection  Download
Lecture 14: Conditional Formatting 1  Download
Lecture 17: If Function  Download
Lecture 18: Vlookup Function  Download
Lecture 18 – B: Vlookup with Multiple criteria  Download
Lecture 19 Graphs and Charts  Download
Lecture 20 Pivot Tables  Download
Lecture 22 : Macros  Download
Lecture 23 : Macros 2  Download
Lecture 23 : Macros – 3  Download
Lecture 24 : Solver Function  Download
Lecture 25 : Solver Function  Download
Lecture 26: Find cost of equity with Solver  Download
Lecture 27: Panel Data Analysis  Download

Lecture Notes and Files

Week No. Description
Lecture 1: Excel Environment  Download
Lecture 2 : Excel Functions  Download
Lecture 3: Formatting Text  Download
Lecture 4: Formatting Text 2  Download
Lecture 4b Importing Text | PSX Data  Download
Lecture 5 : Ratio Analysis  Download
Lecture 6 : Time Val. of money  Download
Lecture 7 : TVM Annuity  Download
Lecture 8 : Loan Amortization  Download
Lecture 9 : Capital Budgeting | Uneven Cash Flows  Download
Lecture 10 : IF, Nested IF  Download
Lecture 11 : Income Tax with IF  Download
Lecture 12: Revision for mid-term  Download
Lecture 13 : Cell Protection  Download
Lecture 14: Conditional Formatting 1  Download
Lecture 14: Conditional Formatting 2 – Exercise  Read
Lecture 17: If Function  Download
Lecture 18: Vlookup Function – Exercise File1  Download
Lecture 18: Vlookup Function – Exercise File2 Download
Lecture 18 – B: Vlookup with Multiple criteria  Download
Lecture 19: Graphs and Charts  Download
Lecture 20: Pivot Tables  Download
Lecture 21: Introduction to Macros  YouTube Video
Lecture 21 – B : Relative Macro  YouTube Video
Lecture 21 – C : Absolute Macro  YouTube Video
Lecture 21 – D : Macro-Enabled File  YouTube Video
Lecture 23 : Macros 2  Download

Download

Download

Lecture 23 : Macros – 3  Download

Download

Download

Lecture 24 : Solver Function  Download

Download

Lecture 25 : Solver Function  Download
Lecture 26: Find cost of equity with Solver  Download

Download

Download

Lecture 27: Panel Data Analysis  Download

Assignment 1 : Basic Functions and Text Manipulation

Marks = 5
Deadline = October 23, 2021; till 11:59:59 PM
Submission Link = Upload Here

Tasks to be completed in the assignment

Important Note:

  1. Complete each task on a separate sheet of the Excel file.
  2. Rename the Excel file name as Your Name (Please write Your name as it Appears in the
    Attendance Sheet).

1. Download some example data from Keggle and complete the following tasks?
a. Apply functions related to summary statistics
b. Apply product(), sumbproduct(), abs() function on data of your choice

2. Download this data  and perform the following activities:
a. Import this data to Excel
b. Extract Loss amount to separate column
c. Extract Profit after taxation to a separate column
d. Extract dividend percentage to a separate column
e. Replace o with 0 if there is any typing error in the profit or loss amount
f. Make a separate sheet of company symbols. The symbols should not have duplicates

3. Show practices on age calculation

4. Show practice or concatenate function

5. Use at least 5 functions that are not covered in the above exercise

Assignment 2 : Time Value of Money

Marks = 5
Deadline = October 30, 2021; till 11:59:59 PM
Submission Link = Upload Here

Tasks to be completed in the assignment

Important Note:

  1. Complete each task on a separate sheet of the Excel file.
  2. Rename the sheet names as 1, 2, 3, corresponding to the question numbers.
  3. Rename the Excel file name as Your Name (Please write Your name as it Appears in the
    Attendance Sheet).

1. If you deposit Rs. 800000 into an account earning 12% interest compounded quarterly, how much
would you have in 5 years?

2. How much would you pay for an investment which will be worth Rs. 780,000 in three years? Assume
interest is 9%.

3. You have Rs.1000,000 to invest at 8% interest. If you wish to withdraw equal annual payments for
7 years, how much could you withdraw each year and leave Rs.0 in the investment account?

4. If your company borrows Rs. 1300,000 at 7% interest and agrees to repay the loan in 10 equal
semiannual payments to include principal plus interest, how much would those payments be?

5. You deposit Rs.17,000 each year for 10 years at 7%. Then you earn 9% after that. If you leave
the money invested for another 5 years how much will you have in the 15th year?

6. If you deposit Rs. 90000 in a bank account and then keep on depositing Rs. 14000 each year for
the next 12 years, what will be the ending value of these investments if the interest rate is 8%.

7. Arshad Mali has Rs. 42,180.53 in a brokerage account, and he plans to contribute an additional
Rs. 5,000 to the account at the end of every year. The brokerage account has an expected annual
return of 12 percent. If Arshad’s goal is to accumulate Rs. 250,000 in the account, how many
years will it take for Arshad to reach his goal?

8. If you put Rs. 5000 in the stock market, how many years would it take you to triple your money
if the market is making 12% a year?

9. If you put Rs. 10 away at the end of each month for the next 40 years at a 12% simple annual
interest rate, how much money would you end up with? What if you started at the beginning of
each month?

10. If you borrow Rs. 150,000 for a house at 8% simple annual interest rate for 15 years, what is
your monthly payment?

11. How long would it take to accumulate Rs. 50,000 if you started putting Rs. 5 in the bank every
month starting now at a simple annual interest rate of 7.3%? What if you started at the end of
each month?

12. Your parents are planning to retire in 18 years. They currently have Rs. 250,000, and they
would like to have Rs. 1,000,000 when they retire. What annual rate of interest would they have
to earn on their Rs. 250,000 in order to reach their goal, assuming they save no more money?

13. An investment pays you Rs. 100 at the end of each of the next 3 years. The investment will then
pay you Rs. 200 at the end of Year 4, Rs. 300 at the end of Year 5, and Rs. 500 at the end of
Year 6. If the interest rate earned on the investment is 8 percent, what is its present value?
What is its future value?

14. Washington-Atlantic invests Rs. 4 million to clear a tract of land and to set out some young
pine trees. The trees will mature in 10 years, at which time Washington-Atlantic plans to sell
the forest at an expected price of Rs. 8 million. What is Washington-Atlantic’s expected rate
of return?

15. Assume that you inherited some money. A friend of yours is working as an unpaid intern at a
local brokerage firm, and her boss is selling some securities that call for 4 payments, Rs. 50
at the end of each of the next 3 years, plus a payment of Rs. 1,050 at the end of Year 4. Your
friend says she can get you some of these securities at a cost of Rs. 900 each. Your money is
now invested in a bank that pays an 8 percent nominal (quoted) interest rate, but with
quarterly compounding. You regard the securities as being just as safe, and as liquid, as your
bank deposit, so your required effective annual rate of return on the securities is the same as
that on your bank deposit. You must calculate the value of the securities to decide whether
they are a good investment. What is their present value to you?

16. Assume that your father is now 50 years old, that he plans to retire in 10 years, and that he
expects to live for 25 years after he retires, that is, until he is 85. He wants a fixed
retirement income that has the same purchasing power at the time he retires as Rs. 40,000 has
today (he realizes that the real value of his retirement income will decline year by year after
he retires). His retirement income will begin the day he retires, 10 years from today, and he
will then get 24 additional annual payments. Inflation is expected to be 5 percent per year
from today forward; he currently has Rs. 100,000 saved up; and he expects to earn a return on
his savings of 8 percent per year, annual compounding. To the nearest dollar, how much must he
save during each of the next 10 years (with deposits being made at the end of each year) to
meet his retirement goal?

17. What is the future value of a 5-year ordinary annuity that promises to pay you Rs. 300 each
year? The rate of interest is 7 percent.

18. Find the amount to which Rs. 500 will grow under each of the following conditions: a. 12
percent compounded annually for 5 years. b. 12 percent compounded semiannually for 5 years. c.
12 percent compounded quarterly for 5 years. d. 12 percent compounded monthly for 5 years.

19. Find the present value of Rs. 500 due in the future under each of the following conditions: a.
12 percent nominal rate, semiannual compounding, discounted back 5 years. b. 12 percent nominal
rate, quarterly compounding, discounted back 5 years. c. 12 percent nominal rate, monthly
compounding, discounted back 1 year.

20. Add 5 questions of different complexity on your own to the assignment.

Exam Papers


Comprehensive Paper

MS Word Report

Extra Calss files


Class Photo [ Session 2019] View Here

Additional Resources


1. Excel Shortcuts

Results and Feedback


Session 2020-21

BS Acc. Finance – Group A

BS Acc. Finance – Group B


Paper Upload Links


Download Comprehensive-2021 Paper

Group A Upload Here

Group B Upload Here

List of topics covered in the Mid-Term Exam


  1. Make cell reference absolute
  2. Make cell reference absolute for rows
  3. Make cell reference absolute for columns
  4. ABS()
  5. average()
  6. stdev()
  7. min()
  8. max()
  9. median()
  10. Negation
  11. All negative
  12. count()
  13. counta()
  14. countif()
  15. countifs()
  16. sum()
  17. SUMIF()
  18. sumifs()
  19. averageif()
  20. averageifs()
  21. Count string cells
  22. product()
  23. sumproduct()
  24. Named range
  25. Modify named range
  26. Select and color all text cells
  27. Select all formula cells
  28. Select all numeric cells
  29. Conditional formatting
  30. Conditional formatting using a formula
  31. Vlookup()
  32. Vlookup using two or more criteria
  33. Index()
  34. match()
  35. search()
  36. Freeze view
  37. Protect cell or range
  38. Protect sheets
  39. Protect file
  40. Validation
  41. Validation based on list
  42. Validation based on range
  43. Validation based on dates
  44. Make data entry sheet (like the one we used for Home Construction)
  45. PV()
  46. FV()
  47. PMT()
  48. NPER()
  49. NPV()
  50. IRR()
  51. RATE()
  52. Profitability index
  53. Amortization table
  54. Importing text
  55. Data to columns using delimters
  56. right()
  57. left()
  58. upper()
  59. lower()
  60. proper()
  61. concatenate()
  62. Merge cells using the & symbol
  63. Number to date
  64. Using PKR currency symbol
  65. IF
  66. Nested IF
  67. OR()
  68. AND()
  69. Tax calculation with nested IF
  70. Filtering Data
  71. Make separate data from filtered data
  72. Format Painter
  73. Convert formula to values
  74. Rand()
  75. Randbetween()
  76. What is the rule for the double click and filldown
  77. What is the short-cut for going to the end of the data below the current cell
  78. What the short-cut for auto-sum
  79. What is the short-cut to show all formulas
  80. What is the short-cut for selecting all data to the right fo the current cell
  81. If a given cells is empty, make current cell empty, otherwise use some formula in the current cells
  82. IFERROR()
  83. Find and Replace with Ctr + H
  84. Create company numeric IDs using IF function
  85. Cell borders
  86. Font color
  87. What is the difference between copy paste and dragging
  88. ROUND()
  89. CONDITIONAL FORMATTING
    1. Text based formatting
    2. Formula based formatting
    3. Formatting only numbers
    4. Formatting only formulas
    5. Formatting only textFILTERING DATA

List of topics covered in our final exam


Charts and Graphs
1. Bar charts
2. Line Charts
3. Scatter
5. Pie
6. Chart layout / Designs
7. Changing chart axis names, titles, shape, colors

Vlookup
1. Named ranges
2. Modifying a named range
3. Single criteria lookup
4. Multiple criteria lookup

List of Macros
1. Change cells
2. Change sheets
3. Add a specific value to a cell existing value
4. Delete / color every n column
5. Delete /color every n row
7. Find average / SD/
8. Format Tables
9. Copy data from one sheet to another
10. Clear the data

12. Save file as Macro-Enabled Workbook

Print Excel Data
1. Set print area
2. Modify print area
3. Print row titles
4. Landscape / Portrait
5. Setting margins
6. Setting page breaks
7. Page numbers
8. Print only selected text
9 Change Print Area by hold and drag

10. Print Header and Footer

11 Print only pages 10 to 15

12. Custome scaling

13 Margins

14. Orientation

15. Page numbers

16. Page breaks

17. Page size

18. Freeze rows / Columns

19. Header / Footer

20. Print IMSCiences logo in light color in the background

SOLVER

MS WORD

1. Table of Contents

2. Page Numbers

3. Sections and Section page numbers

Pivot Tables
1. Rows
2. Columns
3. Filters
4. Values
5. Average, sum, min, max, etc
6. Pivot Charts