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The Corporate Finance Institute ExcelExample 2If we want, we can extract the year from given set of dates. Suppose we wish toextract Year from the dates below:Using the YEAR formula, we can extract the year. The formula to use is:We will get the result below:corporatefinanceinstitute.com54
The Corporate Finance Institute ExcelThings to remember about the YEAR Function1. Dates should be supplied to Excel functions as either:• Serial numbers; or• Reference to cells containing dates; or• Date values returned from other Excel formulas.If we try to input dates as text, then there is a risk that Excel maymisinterpret them, due to the different date systems or date interpretationsettings on your computer.2. The value returned by the YEAR function will be Gregorian valuesregardless of the display format for the supplied date value.3. The YEAR function perfectly understands dates in all possible formats.4. If we wish to see only year for dates stored, we can format the cellsaccordingly. In this case, no formula is needed. We can just open theFormat Cells dialog by pressing Ctrl + 1. After that select the Customcategory on the Number tab, and enter one of the codes below in the Typebox:• yy – to display 2-digit years, as 00-99.• yyyy – to display 4-digit years, as 1900-9999.corporatefinanceinstitute.com55
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