FUNDAMENTALS OF COMPUTER

Detailed explanation-1: -Excel is used extensively in finance and accounting functions. In fact, many organizations run their entire budgeting, forecasting, and accounting functions entirely out of Excel spreadsheets. While Excel is defined as a “data” management tool, the data that is most commonly managed is financial.

Detailed explanation-2: -Microsoft Excel is one example of the most used electronic spreadsheets. It is widely used in accounting and financial applications, statistics, engineering calculations, as well as in analyzing data.

Detailed explanation-3: -Excel is most commonly used in business settings. For example, it is used in business analysis, human resource management, operations management and performance reporting. Excel uses a large collection of cells formatted to organize and manipulate data and solve mathematical functions.

Detailed explanation-4: -Excel is commonly used in accounting for balance sheets, receipts, expenses, etc. Excel allows you to create a spreadsheet with calculations done automatically within the cells. You can use it to monitor different bank accounts, client accounts, or even annual reporting.

Detailed explanation-5: -It helps you analyze all the data in your worksheet so as to make better business decisions. Excel can help you by recommending, and then, automatically creating PivotTables, which are a great way to summarize, analyze, explore, and present your data.