Rounding Functions

We'll explore the topic of Rounding Functions. These functions simplify numbers, which is crucial for financial reporting and data analysis. The choice of function depends on whether you need to round a number normally, always up, or always down. Let's look at three key functions: ROUND, ROUNDUP, and ROUNDDOWN.

Rounding Up

The ROUNDUP function always rounds a value up, regardless of the number after the rounding place. This is useful in situations where a higher value is required, even if the fractional part is less than 5. For example, when calculating material stock or time estimates to avoid shortages.

Rounding Down

The ROUNDDOWN function always rounds a number down, regardless of the digits after the rounding place. This is useful in scenarios where exceeding a limit must be avoided, such as budgeting or planning.

Task: Understanding ROUND, ROUNDUP, and ROUNDDOWN

You have the following values in your spreadsheet: