vlookup errors

Training Index

How Errors Happen in Excel

    Research, actual events and common sense indicates that spreadsheet can and do contain significant errors. Lack of training, time constraint, work pressures, and human error all combine to ensure that errors are commonplace.

The best way to understand errors is to make them. Therefore, we will go through a number of typical errors to show how easy they are to make and give suggestions on how to avoid them. Click on the video clip to view the example. As there is audio you need to have some speakers or an earpiece.

We are not trying to teach you to make errors. Rather we want you to see how easy it is to make them. Hopefully, the next time you perform any of the following, you will remember what you see here and be more careful.

 

Title  
Video Clip
(windows media player)
Copy and Paste- cells or blocks of cells
Copy and paste are two of the most useful and dangerous features in Excel. If no thought is given to what is being copied, absolute and relative referencing can cause havoc with your spreadsheet.

FREE

CopyPaste

(2m27s)
Deletion- rows, columns and cells
Deleting rows, columns, or cells can result in errors. If the deleted areas were being used in calculations elsewhere in the sheet you will get a #REF error message in these formulae and in all likelihood your spreadsheet won’t work.
If, as a result of a deletion of a single cell (as apposed to rows or columns) you move cells to the left, the formulae maintain there original references and could suddenly be wrong.


FREE


Deletion

(1m23s)
Insertion- rows, columns and cells
Inserting rows, columns, or cells can cause problems in Excel. If insertions are made on the border of calculations such as SUM and NPV, the inserted line may be accidentally omitted from the calculation

FREE

If/ Sumif/ Countif
The IF commands do not allow you to easily review what is being done. If your criteria is slightly wrong (e.g. a space is inserted) the IF could be wrong. It is vital that you have a cross check cell that ensures that, for example the sum of your ‘sumifs’ equals the range.

FREE
Multiple workbooks and Links between Workbooks
If changes are made to spreadsheets that are linked to other spreadsheets, it is VITAL that all the workbooks are open at the same time. This is because Excel can only monitor and adjust the relationship between cells on different workbooks if all of them are open.

FREE
Hidden cells
Be on the look out for hidden cells in spreadsheet models, especially if you are using a spreadsheet developed by another person. You may find you are including more than you expect in your calculation. Likewise, if you copy across hidden areas, you may well overwrite formulae that are important to the spreadsheet model.


FREE

Hidden Cells

(1m29s)
Lookup
The lookup functions in Excel provide a useful tool. However, it is vital that you explicitly code into the formulae whether you are looking for an exact match, or whether an approximation is adequate. For this function it is vital to understand the way Excel sorts lists.

FREE

Lookup
(5m19s)
MIN/ MAX
FREE
MIN_MAX
(1m32s)
Absolute and Relative Referencing
One of the most common problems with spreadsheets is the lack of understanding with regards the use of absolute and relative referencing. This referencing is how you tell a formula to react as it is copied to other cells.

TIP: By clicking on a cell reference and pushing F4, you can alternate between the absolute options].

If the incorrect referencing is used, copies of the formulae will give the incorrect result. This is more clearly shown in conjunction with the Copy/ Paste feature. Watch the video clip to understand it better.





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Quote of the page: Learn all you can from the mistakes of others. You won't have time to make them all yourself. - Anon

 

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