Introduction to LAMBDA course
Originally published: 18/12/2024 09:01
Publication number: ELQ-44752-1
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Introduction to LAMBDA course

Create LAMBDA functions with Dynamic Arrays!

Description
Dynamic arrays are extremely powerful. They make financial model file size smaller and provide faster performance. They cut formula count by 90% or more🤯. They make the common "inconsistent formula" error impossible. BUT!!!! Dynamic arrays in financial models require LAMBDA. 

Write once. Use Many.
This course shows us how to create LAMBDA functions to solve financial modeling problems. Once solved, we can package our solutions into reusable functions so we can write our solutions once, and use many times.These functions can look and feel like native Excel functions so anyone of any skill level can use them in any workbook.

Crawl, walk, run.
These lessons are organized from easy to advanced. The easy lessons show us how to create Financial Ratios like Current Ratio. These are some of the simplest financial modeling formulas but having them named conveys to anyone reviewing our models exactly what our function calculates. And that brings us to an important topic: understandability.

Accepted by one of the world's largest accounting firms
This course shows us how to make our formulas EASIER to read and understand than the traditional formulas they replace. Each function is named conveying intent. Each function parameter is named telling uses exactly what is required. Complex formulas are split into smaller, easier to comprehend steps and each step is named indicating its purpose. These names make our formulas self documenting. And if needed, we can add comments to explain things that may not be obvious. LAMBDA functions are the exact opposite of black boxes. 


Accessibility 
This course includes a section on how to easily import these pre-built, pre-tested functions directly into any Excel workbook and how to save them to the cloud where we can access them from any computer and share them, if we want, with selected people, or the entire world. 

What's included?
The course includes 28 lessons covering all LAMBDA helper functions, the new Dynamic Array functions, free tools for importing, creating, tesitng, and sharing LAMBDA functions, and techniques for making more advanced LAMBDAs easier to create. Most of the lessons include "Try it yourself" sections where learners take what they learned in the lesson's discussion and create their own formulas.

This Best Practice includes
1 Excel Workbook containing all lessons and links to related videos.

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Further information

Learn how to create your own functions.

Requires English version of Office 365 (versions must support Dynamic Arrays, LAMBDA, and Regular Expressions).


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