Department Category Amount ($) Total Budget Report Due Date

Finance Salaries 100,000 120000 5/21/2025

Finance Supplies 20,000 120000 5/21/2025
IT Hardware 50,000 80000 3/10/2026
IT Software 30,000 80000 3/10/2026
Marketing Advertising 40,000 60000 5/12/2025
Marketing Events 20,000 60000 5/12/2025
HR Salaries 80,000 120000 1/31/2025
HR Benefits 40,000 120000 1/31/2025
Research Equipment 30,000 49000 2/21/2025
Research Personnel 19,000 49000 2/21/2025
Report Due Date
Finance IT Marketing HR Research
5/21/2025 3/10/2026 5/12/2025 1/31/2025 2/21/2025

Total Budget of "IT": Err:509

Marketing <--- Drop Down Here
Total Budget of Specific Department $120,000

Finance #NAME?
Finance #NAME?
IT #NAME?
IT #NAME?
Marketing #NAME?
Marketing
HR
HR
Research
Research
 Total Budget Budget Analysis (Switch) Salary Increase
$240,000 High Budget Check Performance vs Market Value
$240,000 High Budget Check Performance vs Market Value
$160,000 High Budget Check Performance vs Market Value
$160,000 High Budget Check Performance vs Market Value
$120,000 High Budget Check Performance vs Market Value
$120,000 High Budget Check Performance vs Market Value
$240,000 High Budget Check Performance vs Market Value
$240,000 High Budget Check Performance vs Market Value
$98,000 Medium Budget No Increase
$98,000 Medium Budget No Increase

Down Here
IFS University Budget Ana
No Increase
No Increase This exercise allows you to practice various Excel functions for analyzing universi
No Increase funds.
No Increase Tasks:
No Increase 1) Total Departmental Budget (Sumif)
No Increase Use sumif to create a new column that shows the total budget allocated
a)
No Increase The department name in the "Department" column will be the criteria va
b)
No Increase The total budget should be retrieved from the "Amount" column.
c)
Consider Increase Pay attention to cell reference
d)
Consider Increase
2) Find Report Due Date Budget (HLOOKUP):
Use HLOOKUP to find the budget allocated for Due Date across all dep
a)
The Department name will be the lookup value.
b)
c)
The Date should be retrieved from the Report Due date Table.

3) Total Budget for Specific Department (XLOOKUP - Excel 365 or late

a) Use XLOOKUP to find the total budget allocated to the "IT" departm
b) The department name "IT" will be the lookup value.
c) The total budget should be retrieved from the "Amount" column.

4) Use the XlookUp Value with the date Validation List to look up Total
Use Data Validation List to Create a list of Deparments
a)
The criteria will be Deparmtent chosen in The Drop Down
b)
Change the Cell Format to make it more user friendly to read
c)

5) Budget Analysis by Department (IF)

a)
Create a new column that uses an IF function to categorize departmen
Departments with a budget over $100,000 are classified as "High Budg
b)
Departments with a budget between $50,000 and $100,000 are classifie
c)
All others are classified as "Low Budget".
d)

6) Salary Increase Decision (Switch):

a)
Create a new column that uses a switch function to determine a salary
b)
If the department is classified as "High Budget", display, "Check Perform
c)
If the department Classified as "Medium Budget", Display "No Increase
Otherwise, display "Consider Increase".

7) Combined Salary Increase Analysis (IFS - Excel 2019 or later): (If y

a) Recreate the salary increase decision (from task 6) using an IFS fu
b) This demonstrates a multi-condition alternative to nested IF stateme

Bonus:
Use chart functions to visualize the budget distribution across departments or cate
This exercise allows you to practice various lookup (VLOOKUP, HLOOKUP, XLO
 Budget Analysis Exercise
functions for analyzing university budget data. The data includes information on departments, budget categories, and allocated

hows the total budget allocated to each department.

nt" column will be the criteria value.
m the "Amount" column.

OKUP):
ated for Due Date across all departments.
p value.
Report Due date Table.

XLOOKUP - Excel 365 or later): (If you have Excel 365 or later)
get allocated to the "IT" department.
e lookup value.
from the "Amount" column.

alidation List to look up Total Budget of a specific Department:

of Deparments
n The Drop Down
user friendly to read

nction to categorize departments based on their total budget (from task 1).
00 are classified as "High Budget".
0,000 and $100,000 are classified as "Medium Budget".

function to determine a salary increase based on department type (from task 5).
Budget", display, "Check Performance Vs Market Value"
Budget", Display "No Increase"

FS - Excel 2019 or later): (If you have Excel 2019 or later)

on (from task 6) using an IFS function.
alternative to nested IF statements.

tion across departments or categories.

p (VLOOKUP, HLOOKUP, XLOOKUP), summation (SUMIF), logical (SWITCH, IF, IFS) functions commonly used in financial an
categories, and allocated
monly used in financial analysis.
Departments Total Budget Per Deparmtent
Finance $240,000
IT $160,000 Total Budget Per Deparmtent
Marketing $120,000
HR $240,000
Research $98,000

Finance IT Marketing HR Research

Category Total Budget

Salaries $120,000 Total Budget
Supplies $120,000 $140,000
Hardware $80,000 $120,000
Software $80,000
$100,000
Advertising $60,000
$80,000
Events $60,000
$60,000
Salaries $120,000
Benefits $120,000 $40,000
Equipment $49,000 $20,000
Personnel $49,000 $0
ies ies ar
e
ar
e ng en
ts ies its en
alar ppl d w ftw rtisi v alar
enef
pm
ar E i
S Su So dv
e S B u
H
A Eq
r Deparmtent

ng HR Research

udget

t el
en
ts ies ef
its en nn
v alar n pm o
E S Be ui
Pe
rs
Eq