Assessment: Data Analysis with Excel
The ability to analyze, summarize and visualize data using Excel for jobs in finance, accountancy or statistics is fundamental. In an age that big data are a valuable resource if evaluated correctly, the successful candidates can be the evolutionary cornerstone of any company that employs them.
By successful completion of this assessment, the candidates demonstrate that they are competent to prepare data sets, analyze and summarize them, and finally visualize them.
In practice the successful candidates should be able to use the most advanced Excel features to perform statistical analyses and create business models.
To pass this assessment candidates need to have the advanced skills required to perform complex statistical or mathematical analyses of data using Excel.
The assessment syllabus also covers statistical and financial functions, data management and pivot tables and charts.
- Advanced Functions
(AND, IF, OR, VALUE, IFERROR, WORKDAY.INTL, DAYS, DATEDIF, INDEX, MATCH, DAY MONTH, DATE, NETWORKDAYS) - Statistical and Financial Functions
(COUNTIFS, AVERAGEIF, IRR, IPMT) - Data and Chart Management
(Duplicate values, modify charts, scenarios, goal seek) - Advanced Charts and Pivot Tables
(Pivot tables and charts, advanced charts) - Business Modelling and Statistical Analysis
(TRIMMEAN, GEOMEAN, AVERAGE, MEDIAN, TREND, solver add-in, Analysis ToolPak)
The assessment uses Microsoft Office 2019
The assessment syllabus covers formulas and functionality common in the following versions of Microsoft Office:
Microsoft Office 2016, Microsoft Office 2019, Microsoft Office 2021, Microsoft 365
Also, the interface of Microsoft Office remains mostly similar for all the above versions of Microsoft Office.