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Excel Crash Course Exam Guide: Functions, Shortcuts & Answers (2025/2026)

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A comprehensive guide to the Excel Crash Course Exam by Wall Street Prep, featuring 125 questions and answers updated for 2025/2026. Learn essential Excel functions like EOMONTH, VLOOKUP, HLOOKUP, MATCH, OFFSET, INDEX, and more. Master keyboard shortcuts, financial formulas (NPV, IRR, XNPV), text functions, and data manipulation techniques. Perfect for finance professionals, students, and anyone preparing for Excel certification exams.

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Excel Crash Course
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Excel Crash Course

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September 19, 2025
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Written in
2025/2026
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Excel Crash Course Exam - Wall Street Prep125 Questions And
Answers Updated 2025/2026
EOMONTH (start_ date, months) - ......ANSWER........create monthly date headers by
outputting the last day of a specified month

EDATE (start_date,months) - ......ANSWER........returns the exact date, x months from the
start date

Identify a function in cell D6 that will return the fraction of the year elapsed assuming a
360-day count basis. - ......ANSWER........=YEARFRAC (D4, D5,2)

Identify the formula that will always output a date that is the end-of-month date 3 months
after the date inputted in D5. - ......ANSWER........=EOMONTH(D5,3)

Identify the formula that, based in user inputs in cells B1 and B2, outputs the text "animal
lover" for users who have at least 1 dog and at least one cat, and outputs "lonely person"
when those conditions are not met. - ......ANSWER........=IF(AND(B1>0, B2>0),"animal
lover", "lonely person")

=HLOOKUP (look up value, table range, row number) - ......ANSWER........searches for a
value in the top row of a table or an array of values and then returns a value in the same
column from a row you specify in the table or array

=VLOOKUP (look up value, table range, column number) - ......ANSWER........searches for a
value in the leftmost column of a table or an array of values and then returns a value in the
same row from a column you specify in the table or array

=MATCH (lookup_value, lookup_array, match_type) - ......ANSWER........returns the relative
position of an item in an array that matches a specified lookup value

HLOOKUP w/ MATCH - ......ANSWER........=HLOOKUP (look up value, table range, MATCH
((lookup_value, lookup_array, match_type))

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VLOOKUP w/ MATCH - ......ANSWER........=VLOOKUP (look up value, table range, MATCH
(lookup_value, lookup_array, match_type), 0)

OFFSET w/ MATCH - ......ANSWER........=OFFSET (reference, MATCH (lookup_value,
lookup_array, match_type) -1, MATCH (lookup_value, lookup_array, match_type) -1)

INDEX w/ MATCH - ......ANSWER........=INDEX (array, MATCH (lookup_value, lookup_array,
match_type), MATCH (lookup_value, lookup_array, match_type))

CHOOSE w/ MATCH - ......ANSWER........=CHOOSE (MATCH (lookup_value, lookup_array,
match_type), values)

INDIRECT w/ MATCH - ......ANSWER........=INDIRECT ("R"&MATCH (lookup_value,
lookup_array, match_type)&"C"&MATCH (lookup_value, lookup_array, match_type),
FALSE)

Address Function - ......ANSWER........=ADDRESS (MATCH (lookup_value, lookup_array,
match_type), column_num)

True - ......ANSWER........true multiplied by an operator equals 1

False - ......ANSWER........false multiplied by an operator equals 0

ABS (number) - ......ANSWER........return absolute value

CEILING (number, significance) - ......ANSWER........round input up to number of
significances

FLOOR (number, significance) - ......ANSWER........round input down to number of
significances

COUNT - ......ANSWER........counts the number of cells that contain numbers within the list
of arguments
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