Q: I inherited an Excel workbook containing lengthy formulas, and I am having trouble determining exactly how these formulas work. Is there a magic trick for figuring out how complicated formulas work ...

Many financial systems do a fine job of generating standard reports, but accountants often need more. In those cases, accountants can create custom solutions in Excel, but that approach has drawbacks.

Excel has over 475 formulas in its Functions Library, from simple mathematics to very complex statistical, logical, and engineering tasks such as IF statements (one of our perennial favorite stories); ...