Income From Cumulative Effect Of Accounting Chg (Historical) Formula in Excel
This guide explains how to use the “Income From Cumulative Effect Of Accounting Chg (Historical)” formula in Excel with MarketXLS. This powerful formula helps you retrieve the net income impact, after considering income taxes, resulting from changes in an accounting principle. Use this function for better financial analysis and historical comparisons of corporate financial statements.
Understanding Income From Cumulative Effect Of Accounting Chg (Historical)
- Purpose: Provides historical data on net income impact from the cumulative effect of an accounting principle change.
- Key Benefits:
- Helps in comprehensive financial statement analysis.
- Useful for understanding adjustments from past accounting changes.
- Aids in reconciling historical data for consistent period-to-period comparisons.
- When to Use:
- When analyzing a company’s earnings history.
- To isolate net income changes due to historical accounting principle shifts.
Syntax and Parameters
Use the following syntax to call this function in Excel:
=hf_Income_from_Cumulative_Effect_of_Accounting_chg(Symbol, Year, [Quarter], [TTM])
Parameter | Description | Required | Example |
---|---|---|---|
Symbol | The stock ticker, index, option, or crypto symbol. | Yes | "MSFT", "^SPX", "@MSFT 110122C00020000", "BTCUSD:DEFAULT" |
Year | A numerical year (e.g. 2022) or special references like "ly", "ly-1", "lq", "lq-1", "lt", etc. | Yes | 2022, "ly" |
Quarter | The fiscal quarter (1–4). If left blank, defaults to 1. | No | 2 |
TTM | Use "TTM" to get trailing twelve months data. If left blank, returns data for the single specified quarter/year. | No | "TTM" |
?? Note: If the symbol is invalid or data is unavailable for the specified period, the function returns "NA".
Return Value:
Returns the net income impact from cumulative accounting changes as a numeric value (double). If the data is unavailable, it returns "NA".
Examples and Usage
Below are some common scenarios:
- Retrieve data for a specific year and quarter:
=hf_Income_from_Cumulative_Effect_of_Accounting_chg("MSFT", 2022, 2)
- Retrieve trailing twelve months data for a year and quarter:
=hf_Income_from_Cumulative_Effect_of_Accounting_chg("MSFT", 2022, 3, "TTM")
- Retrieve the value for last quarter or last year automatically:
=hf_Income_from_Cumulative_Effect_of_Accounting_chg("MSFT", "lq") // Last quarter =hf_Income_from_Cumulative_Effect_of_Accounting_chg("MSFT", "ly") // Last year
- Reference a cell for the year or symbol:
// Assume A1 contains the symbol "MSFT" and B1 contains the year 2022 =hf_Income_from_Cumulative_Effect_of_Accounting_chg(A1, B1)
- Date inputs in different formats (applies when passing dates as text or cell references):
- Cell references:
=hf_Income_from_Cumulative_Effect_of_Accounting_chg(A1)
- Direct dates (if your workflow requires passing a date string instead of a numeric year):
=hf_Income_from_Cumulative_Effect_of_Accounting_chg("2024-03-15")
- Excel date functions:
=hf_Income_from_Cumulative_Effect_of_Accounting_chg(TEXT(A1,"yyyy-mm-dd"))
- Cell references:
? Pro Tip: Combine this function with other MarketXLS historical financial formulas for deeper analysis, such as historical revenue comparisons or R&D expenses.
Error Handling & Special Cases
- If your MarketXLS license does not support this function, the formula returns "NA".
- Large datasets may mildly affect performance because data is fetched from external servers, but typical usage is smooth.
- Ensure you have an active internet connection to retrieve updated data.
Common Questions
-
Why am I getting “NA” for all my inputs?
- Check the symbol validity or your MarketXLS license plan. Make sure the symbol is correct and you have a valid license that supports the historical fundamentals.
-
How do I display annual instead of TTM data?
- Just exclude the TTM parameter. Example:
=hf_Income_from_Cumulative_Effect_of_Accounting_chg("MSFT", 2022, 2)
- Just exclude the TTM parameter. Example:
-
Can I compare multiple years in one go?
- You can drag and fill the formula across multiple cells, each referencing a different year (e.g., 2020, 2021, 2022, etc.).
-
Is there a limit to how many calls I can make?
- Usage limits depend on your MarketXLS plan. Refer to your plan’s documentation for details.
?? Note: For more in-depth guidance on MarketXLS historical fundamentals, consult the official MarketXLS Knowledge Base.
Use the “Income From Cumulative Effect Of Accounting Chg (Historical)” formula alongside other MarketXLS historical functions to gain a detailed insight into a company’s financial statements and accounting adjustments over time.