Explanation
The Function Library contains Excel’s built-in functions. It helps users find functions based on the type of calculation they want to perform.
The main categories include:
|
Category |
Purpose |
Examples |
|
Financial |
Financial calculations |
PMT, PV, FV |
|
Logical |
Conditions |
IF, AND, OR |
|
Text |
Text manipulation |
LEFT, RIGHT, TEXT |
|
Date & Time |
Date calculations |
TODAY, DATE |
|
Lookup & Reference |
Find data |
VLOOKUP, XLOOKUP |
|
Math & Trig |
Mathematical calculations |
SUM, ROUND |
|
Statistical |
Data analysis |
AVERAGE, COUNT |
|
Information |
Check cell/data information |
ISBLANK, ISERROR |
Important
These functions will not be taught in detail in this lesson.
Each category will become a separate Topic later in the course.
Function Library Groups
The Formulas Tab provides groups such as:
- Insert Function
- AutoSum
- Recently Used
- Financial
- Logical
- Text
- Date & Time
- Lookup & Reference
- Math & Trig
- More Functions
Insert Function
The Insert Function dialog can help users search for a function and understand its arguments.
Practice
Open the Function Library and identify at least one function from each major category.