Dynamic Array-Based Financial Statements

Level: Intermediate

Available Durations:

  • 100 Minutes Live


In this presentation, author and Excel expert David H. Ringstrom, CPA, will guide Excel 2021 and Excel for Microsoft 365 users through advanced techniques using Power Query to link to reports exported from an accounting program as the basis for dynamic array-based financial statements. Dynamic array formulas can spill results into additional cells, which make them well suited for creating customized and self-updating financial statements. You’ll master the following worksheet functions: FILTER, SORT, UNIQUE, CHOOSECOLS, VSTACK, and HSTACK. David will also show how to create interactivity with the Data Validation features. Join this webinar to enhance your Excel skills and streamline your financial reporting processes.

David is the author of “Exploring Microsoft Excel’s Hidden Treasures: Turbocharge your Excel proficiency with expert tips, automation techniques, and overlooked features”. He demonstrates every technique at least twice: first, on a PowerPoint slide with numbered steps, and second, in the subscription-based Excel for Microsoft 365. David draws your attention to any differences in Excel 2021, 2019 or 2016 during the presentation and in his detailed handouts. The handouts include an Excel workbook with most of the examples he uses during his demonstrations.

Excel for Microsoft 365 is a subscription-based product that receives periodic feature updates. Conversely, perpetually licensed versions have year numbers in their names and do not receive any feature updates.

Who should attend:

Professionals seeking to use Microsoft Excel more effectively.

Topics typically covered:

  • Using the SUMIFS function to sum values based on multiple criteria.
  • Crafting self-resizing formulas with the new Spilled Range Operator in in Excel 2021 and Microsoft 365.
  • Determining whether formulas within tables use cell references or field names.
  • Creating an in-cell list by way of Excel’s Data Validation feature.
  • Managing the external data security warning that may appear when you link external data into Excel spreadsheets.
  • Assemble a new collection of data by specifcying the rows or columns to extract from another data set with the CHOOSEROWS and CHOOSECOLS functions.
  • Creating self-updating financial spreadsheets by using Power Query pull data via automated queries that also overcome common issues in exported reports.
  • Stack different ranges of cells vertically or horizontally with the VSTACK and HSTACK functions.
  • Diagnosing the new #CALC error that can arise within improperly crafted dynamic array formulas.
  • Summing dynamic array results.
  • Displaying subsets of data dynamically by way of the new FILTER worksheet function.
  • Removing duplicates from a list with the new UNIQUE function.

Learning objectives:

  • Identify one of the uses of Data Validation.
  • Identify the arguments that correspond to the UNIQUE function.
  • Name what the SUMIFS function returns if a match cannot be found.


Live webcast

Instructional Method:

Group: Internet-based

NASBA Field of Study:

Specialized Knowledge and Applications (2 hours)

Program Prerequisites:

Prior experience with Microsoft Excel is recommended.

Advance Preparation:


About the Instructor:

David H. Ringstrom, CPA is the owner of Accounting Advisors, Inc., an Atlanta-based spreadsheet consulting firm that he started in 1991. Throughout his career David has spoken at conferences on Microsoft Excel, and written dozens of freelance articles about spreadsheets. He offers Excel and Access training and consulting services nationwide.

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