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Screw him, report the ass, it is not like your company has some loyalty towards him or huge investment, if they find out that his excel skills suck and are a fraud, it might mean his entire resume is a fraud. So he might get kicked and you can get the job.
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Unless something akin to nepotism is at work here, I don't see why you can't simply refuse to teach him, and point out to HR that he obviously lied to get the position.
Teach him the incorrect way to do it. He can't blame it on you for he is the "expert". Win-win for you. Unless your boss is the real asshole, then nothing may work on your favor.