<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>The Financial Modeler &#187; Excel Options</title>
	<atom:link href="http://www.thefinancialmodeler.com/category/excel-options/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.thefinancialmodeler.com</link>
	<description>Leverage the power of Excel</description>
	<lastBuildDate>Fri, 05 Feb 2010 21:23:09 +0000</lastBuildDate>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	
<xhtml:meta xmlns:xhtml="http://www.w3.org/1999/xhtml" name="robots" content="noindex" />
		<item>
		<title>R1C1 Enlightenment</title>
		<link>http://www.thefinancialmodeler.com/2009/r1c1-enlightenment/</link>
		<comments>http://www.thefinancialmodeler.com/2009/r1c1-enlightenment/#comments</comments>
		<pubDate>Thu, 03 Sep 2009 14:34:34 +0000</pubDate>
		<dc:creator>Sebastien Labonne</dc:creator>
				<category><![CDATA[Excel Options]]></category>
		<category><![CDATA[Auditing]]></category>
		<category><![CDATA[Conditional Format]]></category>
		<category><![CDATA[Find & Replace]]></category>
		<category><![CDATA[Options]]></category>
		<category><![CDATA[R1C1]]></category>
		<category><![CDATA[Reference Style]]></category>
		<category><![CDATA[Settings]]></category>

		<guid isPermaLink="false">http://www.thefinancialmodeler.com/?p=226</guid>
		<description><![CDATA[You might know that Excel has two different reference styles for formulas: A1 (default) R1C1 But why should you care? You might think the default A1 reference style is sufficient for you, but that would leave opportunities only the R1C1 reference style allows. Let&#8217;s first see the difference between both reference styles Reference Type A1 [...]]]></description>
			<content:encoded><![CDATA[<p>You might know that Excel has two different <strong>reference styles</strong> for formulas:</p>
<ul>
<li>A1 (default)</li>
<li>R1C1</li>
</ul>
<p>But why should you care? You might think the default <em>A1 reference style</em> is sufficient for you, but that would leave opportunities only the <em>R1C1 reference style</em> allows.</p>
<p>Let&#8217;s first see the difference between both reference styles</p>
<table class="hor-minimalist" border="0">
<thead>
<tr>
<th>Reference Type</th>
<th>A1 Style</th>
<th>R1C1 Style</th>
</tr>
</thead>
<tbody>
<tr>
<td>Relative</td>
<td>=A1</td>
<td>=R[ ± x ]C[ ± x]</td>
</tr>
<tr>
<td>Row-Absolute</td>
<td>=A$1</td>
<td>=RiC[ ± x]</td>
</tr>
<tr>
<td>Column Absolute</td>
<td>=$A1</td>
<td>=R[ ± x ]Ci</td>
</tr>
<tr>
<td>Absolute</td>
<td>=$A$1</td>
<td>=RiCi</td>
</tr>
</tbody>
</table>
<ul>
<li>R[ ± x ]: Row offset</li>
<li>C[ ± x ]: Column offset</li>
<li>Ri: Row i</li>
<li>Ci: Column i</li>
</ul>
<p>For example, in R1C1 reference style, an absolute reference to cell B2, would be =R2C2 and a relative reference to the cell above would be =R[-1]C.</p>
<p>I suggest, you try it with simple formulas in Excel to familiarize yourself with its structure.</p>
<p>I rarely use the R1C1 reference style to design my formulas, but with time, I&#8217;ve found different uses for it, such as:</p>
<h3>Check for identical formulas</h3>
<p>Look carefully in the formula bar and you&#8217;ll notice every copy of a formula is identical to the original. When I&#8217;m not familiar with a model, I like to check complex formulas in R1C1 before modifying them to make sure that they are in fact identical, not just looking like it, and doesn’t simply look like it.</p>
<p>A common catch could be as simple as the one in the next picture, where the hidden row made the formulas in cells B14 and B16 look identical</p>
<p><a href="http://www.thefinancialmodeler.com/wp-content/uploads/20090901_R1C1-trap.png"><img class="alignnone size-full wp-image-250" title="20090901_R1C1 trap" src="http://www.thefinancialmodeler.com/wp-content/uploads/20090901_R1C1-trap.png" alt="20090901_R1C1 trap" width="370" height="99" /></a></p>
<h3>Quick Find &amp; Replace</h3>
<p>You can also quickly modify the same formulas copied over multiple range by leveraging the uniqueness of the R1C1 reference.</p>
<p>As an example, you might have a model with monthly and quarterly formulas next to each other just like in the picture below. In R1C1, you simply highlight the entire row and do a quick <em>Find &amp; Replace</em> to modify your them.</p>
<p><a href="http://www.thefinancialmodeler.com/wp-content/uploads/20090901_R1C1-multiple-range-find-replace.png"><img class="alignnone size-full wp-image-253" title="20090901_R1C1 multiple range find &amp; replace" src="http://www.thefinancialmodeler.com/wp-content/uploads/20090901_R1C1-multiple-range-find-replace.png" alt="20090901_R1C1 multiple range find &amp; replace" width="480" height="185" /></a></p>
<h3>Conditional Formats</h3>
<p>When modifying conditional format formulas in the <em>Conditional Formatting Rules Manager</em> (available in Excel 2007 only), it&#8217;s often easier to work in R1C1 so as not to be dependant on a cell from which the reference is established, just like you would in A1 reference type.</p>
<h3>VBA Code</h3>
<p>You&#8217;ll also find that using R1C1 references will give you more robust code that won&#8217;t crash on the first column insertion.</p>
<p>It can also be handy when you want to know the column number instead of its letter reference (e.g. A=1, Z=26, &#8230;)</p>
]]></content:encoded>
			<wfw:commentRss>http://www.thefinancialmodeler.com/2009/r1c1-enlightenment/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
	</channel>
</rss>
