CTRL ShortcutsCTRL ShortcutsCTRL + A. Select AllCTRL + B BoldCTRL + C CopyCTRL + ALT + V Paste SpecialCTRL + D Fill DownCTRL + F FindCTRL + G Go toCTRL + H ReplaceCTRL + I ItalicCTRL + K Insert HyperlinkCTRL + N New WorkbookCTRL + O Open FileCTRL + P PrintCTRL + R Fill rightCTRL + S Save workbookCTRL + T Create TableCTRL + U UnderlineCTRL + V PasteCTRL + W Close windowCTRL + X CutCTRL + Y RepeatCTRL + Z UndoCTRL + 1 Format BoxCTRL + 5 Strike-throughCTRL + 9 Hide rowSHIFT + CTRL + 9 Unhide rowCTRL + 0 Hide columnSHIFT + CTRL + 0 Unhide columnCTRL + ~ Show formulas/valuesCTRL + ‘ Copy above formulaCTRL + [ PrecedentsCTRL + ] DependentsCTRL + ; Display dateSHIFT + CTRL + : Display timeCTRL + Space Select columnCTRL + Enter Fill selection w/ entry

Formatting ShortcutsFormatting ShortcutsALT + ‘ Display styleALT + H + 0 Increase decimalALT + H + 9 Decrease decimalCTRL + 1 Format BoxSHIFT + CTRL + ~ General formatSHIFT + CTRL + ! Number formatSHIFT + CTRL + @ Time formatSHIFT + CTRL + # Date formatSHIFT + CTRL + $ Currency formatSHIFT + CTRL + % Percentage formatSHIFT + CTRL + ^ Exponential formatSHIFT + CTRL + & Outline borderSHIFT + CTRL + _ Remove borderSHIFT + CTRL + * Select regionSHIFT + CTRL + Enter Enter array formula

Navigation and Data EditingNavigation and Data EditingArrow keys Move to new cellsALT + Display a drop-down listALT + Tab Switch programsCTRL + Pg Up/Down Switch worksheetsCTRL + Tab Switch workbooksCTRL + Arrow keys Go to end of contiguous rangeSHIFT + Arrow keys Select a cell rangeSHIFT + CTRL + Arrow keys Highlight contiguous rangeHome Move to beginning of lineCTRL + Home Move to cell “A1”F5 “Go to”ENTER Move to cell belowSHIFT + ENTER Move to cell aboveTAB Move to cell to the rightSHIFT + TAB Move to cell to the leftBACKSPACE Delete cell and get insideDELETE Delete cell/selectionF2 Edit/ highlight dependent cellsWhen inside cell…ALT + ENTER Start new line in same cellSHIFT + Arrow keys Highlight within cellsSHIFT + CTRL + Arrow keys Highlight contiguous itemsBACKSPACE Delete preceding characterDELETE Delete character to the rightF4 Anchor “Fix” CellsESC Cancel a cell entryF7 Spell checkSHIFT + F2 Insert a commentCTRL + F3 Name a cellALT + N + V Pivot tableALT + N + K Insert chartsALT + P + S + P Page setupALT + A + S Sort optionsALT + A + F + W Data from web

ALT ShortcutsALT ShortcutsALT + Tab Switch programALT + ‘ Display styleCTRL + ALT + V Paste special boxCTRL + ALT + V + T Paste format onlyALT + W + S (Un)split panesALT + W + F (Un)freeze windowsALT + H + O + M Move/ Copy a sheetALT + H + D + S Delete worksheetALT + W + Q Change view sizingALT + H + O + I Fit column widthALT + H + O + R Change tab nameALT + H + E + A Clear cellALT + H + H + L Conditional formatALT + H + A AlignALT + H + F + P Format painterALT + H + F FormattingALT + F + W + V Print previewALT + F4 Close programALT + F8 Macro boxALT + F11 Visual basic editor

Columns and RowsColumns and RowsSHIFT + Spacebar Highlight rowCTRL + Spacebar Highlight columnSHIFT + ALT + Group rows/columnsSHIFT + ALT + Ungroup rows/columnsCTRL + Minus sign Delete selected cellsSHIFT + CTRL + Plus Sign Insert blank cellsALT + P + V + G View gridlinesALT + P + V + H View headings

Formulas and AuditingFormulas and Auditing= (equals sign) Start a formulaSHIFT + F3 Display “Insert Function” boxALT + “=“ Insert AutoSum formulaCTRL + ‘ (apostrophe) Copy formula from above cellSHIFT + CTRL + “ (quote) Copy value from above cellCTRL + ~ Show formulas/valuesF9 Recalculate all workbooksAuditing formulas…ALT + M + P Trace immediate precedentsALT + M + D Trace immediate dependentsALT + M + A + A Remove tracing arrowsALT + M + V Evaluate formulaALT + R + G Track changesALT + W + G Zoom to selectionCTRL + [ Go to precedent cellsCTRL + ] Go to dependent cellsSHIFT + CTRL + { Trace all precedents (indirect)SHIFT + CTRL + } Trace all dependents (indirect)F5 + Enter Go back to original cell

Function Key ShortcutsFunction Key ShortcutsF1 Excel Help MenuF2 Edit cellsF3 Paste NameF4 Repeat or anchor cellsF5 “Go to”F6 Zoom, task, sheet, splitF7 Spell checkF8 Anchor to highlightF9 Recalculate workbooksF10 Activate menu barF11 New chartF12 Save asSHIFT + F2 Insert a commentSHIFT + F3 “Insert Function” BoxSHIFT + F4 Find NextSHIFT + F5 FindSHIFT + F6 Zoom, task, sheetSHIFT + F8 Add to selectionSHIFT + F9 Calculate active sheetSHIFT + F10 Display shortcut menuSHIFT + F11 New worksheetCTRL + F1 Min / Restore RibbonCTRL + F3 Name a cellCTRL + F4 Close windowCTRL + F9 Minimize workbookCTRL + F10 Maximize windowCTRL + F12 Open FileWindows Flag + D Minimize programWindows Flag +E Windows explorer

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Excel 2007 Reference Sheet

www.wallstreetprep.com | 800-646-3575

• Financial Statement Modeling• DCF, LBO, M&A Modeling• Comparables Modeling• Advanced Financial Modeling

• Industry-specific modeling• Accounting & FSA• Advanced Excel • PowerPoint

Frequently Used FormulasFrequently Used Formulas Recording a MacroRecording a Macro

Cost (K)Equity = Rf + β(Risk PremiumMarket)

WACC = KDebt * (1-Tax Rate) * D + KEquity * ED + E D + E

DCF = Cash Flowt

(1 + i)^(period t)

Perpetuity = Cash Flowt+1

(Cost of Capital - Growth Rate)

Perpetuity Formula

Cost of Equity

Weighted Average Cost of Capital

Discounting (PV) of a Cash Flow

Example: Create a macro to insert borders at the bottom of cells1. Place the cursor in the desired cell.2. Hit Alt w m r (View Macros Record Macro)3. Input macro name (‘Border’) and shortcut key (Ctrl Shift B). As soon as

you hit ‘OK’, you are starting to record this macro.4. When finished inserting a bottom border (using Ctrl 1) in the desired cell,

hit Alt w m r to ‘Stop Recording’ the macro. 5. Try going to any cell or a range of cells and hitting Ctrl Shift B

Customizing a Number FormatCustomizing a Number Format

Iterations and CircularityIterations and CircularityCustom formatting defines the format for positive numbers, negative numbers, zero values, and text, in that order: <Positive>;<Negative>;<Zero>;<Text>

Example: [Blue]0.0x;[Red](#,##0.00);"OK!";"Analysis of" @

Go to: Office Button > Excel Options (Alt t o) > Formulas tabEnsure the ‘Iteration’ box is checked for 100 iterations as illustrated.

Data ValidationData ValidationData Table Data Table

Compound Annual Growth Rate (CAGR)CAGR = Ending Value ^ (1/No. of Periods) - 1

Beginning Value

Enter or Result: Values: Displayed: Application:12 If positive, then… 12.0x Showing multiples‐1000 If negative, then… (1,000.00) Expenses0 If zero, then… OK! Balance Sheet CheckColgate If typed text, then… Analysis of Colgate Model Heading

1. Input a range of revenue growth rates in a column (as pictured)2. Input a range of EBIT margins in a row (as pictured)3. Reference 2005 EPS (the output variable) from model into the cell between

the input row and input column as illustrated below4. Highlight the matrix5. Type Alt a w t (Data What –if analysis Data Table)6. Reference the row input variable from the model (2005 EBIT margin is the

row input variable)7. Reference the column input variable from the model (2005 revenue growth

is the column input variable)8. Hit Enter

Example: Create a data table that will output 2005 EPS based on a range of 2005 revenue growth and EBIT margin assumptions

Example: Inserting acircularity breakertoggle in a model;Insert an IF statementto modify the interestexpense formula toincorporate thecircularity breaker,such that if it is turnedon, the interestexpense becomes zero,breaking thecircularity

1. Enter data to be in list (A3:A5)2. Go to cell to be validated (A7)3. Click Data Tab > Data Validation4. Click the Settings tab to specify “List”5. Input “Source” info (=$A$3:$A$5) and hit “OK”

Example: Create a list

Excel 2007 Reference Sheet

www.wallstreetprep.com | 800-646-3575