The easiest way to understand it is to build it up in separate cells, step
by step, so you can see what values you get.
=TODAY() gives you today's date, so right now, 20/08/2006 (dd/mm/yyy)
=YEAR(TODAY()) gives you the year from today's date, so 2006
=DATE(YEAR(TODAY()),1,1) gives a date value using this year, month 1 and day
1, that is, 01/01/2006
If you were to format the cell as General or as Number you'd see that this
is 38718, the number of days since 01/01/1900
The numeric value for Today's date is 38949.
Hence you can use those values to calculate the number of days between two
dates, etc.
Regards
Trevor
> btw, if you feel like it, i'd appreciate it if you explained what the
> whole "DATE(YEAR(TODAY()),1,1)" is about, i don't really understand how
> it's working and i just think it might help me in the future if i
> understood the logic.
>
> thanks again
simserob - 20 Aug 2006 17:19 GMT