When performing financial calculations, an Excel spreadsheet is usually the best tool. A spreadsheet is a powerful tool. But sometimes you do need a calculator.
There are many models that you could use. So, how do you choose?
The best financial calculator for finance and accounting is the Texas Instruments BA II Plus Professional.
The Texas Instruments BA II Plus Professional (Amazon link) is full-featured for many financial functions including time value of money (TVM), internal rate of return (IRR), and modified internal rate of return (MIRR).
The Texas Instruments BA II Plus Professional is a great calculator for business professionals and students.
Financial calculator for business students
I use the TI BA II Plus Professional every day. It is an excellent calculator for:
- accounting students
- finance students
- business students
- MBA students
Financial calculator for business analysts
The TI BA II Plus Professional is the best financial calculator for:
- financial analysts
- data analysts
BA II Plus for CFA and CFP Exams
The Texas Instruments BA II Plus is approved for the following professional exams:
- Chartered Financial Analyst (CFA)
- Certified Financial Planner (CFP)
- Certified Management Accountant (CMA)
BA II Plus Tutorial
Here is our tutorial on using the TI BA II Plus.
BA II Plus vs BA II Plus Professional
There are two BA II Plus versions. The basic version is the TI BA II Plus. The upgraded model is the BA II Plus Professional (Amazon link). We recommend the professional version.
The BA II Plus Professional is more durable and has more financial functions than the basic model. The cost of the professional model is only slightly higher so it is a much better value.
Jeff Mankin teaches financial literacy and Excel. He is the founder of Finally Learn.