To do Alt + M Q O F on Mac in Excel, download and install Accelerator Keys, then press Option, followed by M, Q, O, F.
Command: Compatibility - Insert Function
This is how to do Alt + M Q O F on Mac in Excel with Accelerator Keys, the native ribbon and alt key shortcut solution for Mac users who get more done with Excel.
Alt + M Q O F opens the Insert Function dialog filtered to Compatibility functions. This provides access to older function versions maintained for backward compatibility with earlier Excel versions.