1 00:00:00,990 --> 00:00:06,870 Have everybody you're saying we talk about a form like each month something that is going to be very 2 00:00:06,870 --> 00:00:13,950 useful in case you are in any manner connected to the field of finance financial modeling investment 3 00:00:13,950 --> 00:00:20,960 banking accounting taxation and you'll soon find out what before discussing this formula. 4 00:00:20,970 --> 00:00:22,680 Let me illustrate some of the questions. 5 00:00:22,680 --> 00:00:25,770 Question number one on a hypothetical level. 6 00:00:25,860 --> 00:00:31,740 What if I want to find out any of the current month the month to which the deed pertains to. 7 00:00:31,950 --> 00:00:33,330 That was case number one. 8 00:00:33,510 --> 00:00:42,020 So for example I wish to have 21st December 2012 Here Top 40 my mistake 31 January 2012. 9 00:00:42,330 --> 00:00:45,130 Then I wish to have 30th September 2010. 10 00:00:45,180 --> 00:00:49,680 It's the end of the current month Case number two. 11 00:00:49,980 --> 00:00:56,910 What if I tell you that these are the invoice deals and thus tax related to this invoices must be submitted 12 00:00:56,910 --> 00:00:58,980 by 50 of the next month. 13 00:00:59,010 --> 00:01:08,880 So I wish to have the Didi's five of if 2012 I wish to have 5th of March 2000 11 in this case and so 14 00:01:08,880 --> 00:01:09,300 on. 15 00:01:09,510 --> 00:01:13,750 That was case study to case three where if I given. 16 00:01:13,780 --> 00:01:16,990 So indeed I wish to find out first of the current demand. 17 00:01:16,980 --> 00:01:20,910 So in this case first of September 2014. 18 00:01:21,300 --> 00:01:24,780 Now all this can be achieved through the formula of your month. 19 00:01:24,780 --> 00:01:26,960 So let me take a case by case basis. 20 00:01:27,020 --> 00:01:31,260 First guess I want end of current month so it ain't equal. 21 00:01:31,350 --> 00:01:33,680 Or M I press the tab. 22 00:01:34,020 --> 00:01:40,200 I choose the starting date and then it asks me how many months do you want to jump ahead before you 23 00:01:40,200 --> 00:01:41,720 find the end of the month. 24 00:01:41,940 --> 00:01:42,860 I say zero. 25 00:01:42,990 --> 00:01:43,960 Why zero. 26 00:01:44,130 --> 00:01:50,610 Because Halet given what it would have said for this particular day 17 January to 17 February and then 27 00:01:50,610 --> 00:01:53,430 finding the end of that segment being February did. 28 00:01:53,590 --> 00:01:55,480 So right now I want three four. 29 00:01:55,480 --> 00:02:03,790 John let me test with one until you get 29 the fair why 17 January jump one month ahead and you get 30 00:02:03,880 --> 00:02:08,430 end of the month 29 Fev K-Stew. 31 00:02:08,870 --> 00:02:11,150 I want 5th of next month. 32 00:02:11,150 --> 00:02:14,840 So how do they achieve this IRA equal to e or M. 33 00:02:14,900 --> 00:02:16,730 I press the tab key. 34 00:02:16,880 --> 00:02:23,720 I choose a starting date and then I put zero as expected it's going to give me end of the current month. 35 00:02:23,750 --> 00:02:28,180 But wait I'm just going to add plus 5 towards the formula. 36 00:02:28,320 --> 00:02:29,820 And that will give me what. 37 00:02:30,050 --> 00:02:30,700 Yes. 38 00:02:30,710 --> 00:02:37,030 First off next month notice any kind of calculation which involves 50 of next month 7th of next month's 39 00:02:37,030 --> 00:02:38,470 15th of next month. 40 00:02:38,570 --> 00:02:42,200 You can apply this formula K-Street. 41 00:02:42,620 --> 00:02:48,330 If you want to find out first off the current month first of current month. 42 00:02:48,590 --> 00:02:52,160 So how do I put that formula in. 43 00:02:52,310 --> 00:02:55,230 Let me say equal or m d. 44 00:02:55,400 --> 00:02:56,990 I choose the starting date. 45 00:02:57,140 --> 00:03:02,210 Now I give minus one what is mine is going to give me. 46 00:03:02,300 --> 00:03:07,580 Well it's going to give me thirty first of August 2014 in this case which means it is jumping back one 47 00:03:07,580 --> 00:03:14,050 month saying from then until September to do in the third of August and then 23rd of August because 48 00:03:14,110 --> 00:03:16,980 as a benchmark and then fine is the end of that month. 49 00:03:17,270 --> 00:03:18,640 Now this is not the answer. 50 00:03:18,710 --> 00:03:27,110 The final answer is when I simply add or additional one way to the end of this formula which means now 51 00:03:27,110 --> 00:03:29,820 first of September 2014. 52 00:03:29,840 --> 00:03:35,270 So notice how this combination can quickly change the scenario using simple formula. 53 00:03:35,300 --> 00:03:37,290 All month doctors. 54 00:03:37,430 --> 00:03:40,460 And trust me once in a while you will get to use this.