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Excel is a spreadsheet software application used to store, organize, and analyze data. It was released in 1985 and has grown to become arguably the most important computer program in workplaces around the world. In business, any function in any industry can benefit from those with strong Excel knowledge.
Excel is a powerful tool that has become entrenched in business processes worldwide—whether for analyzing stocks or issuers, budgeting, or organizing client sales lists.
KEY TAKEAWAYS
Microsoft Excel is a spreadsheet application used to manipulate stored data.
Finance and accounting professionals choose Excel for its complex analytical and computing features.
Microsoft Excel enables users to identify trends and organize and sort data into meaningful categories.
Excel also performs Human Resources functions, such as sorting worked hours and organizing employee profiles and expenses, which help businesses better understand the structure and activities of their workforce.
Pivot tables summarize data from a worksheet into a chart.
Finance and Accounting
Financial services and financial accounting are the areas of finance that rely on and benefit from Excel spreadsheets the most. In the 1970s and early 1980s, financial analysts would spend weeks running advanced formulas either manually or (beginning in 1983) on programs like Lotus 1-2-3. Now, you can perform complex modeling in minutes with Excel.![Profile Photo]()
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