What is Excel?
Excel
is a spreadsheet program in the Microsoft Office system. You can use Excel to
create and format workbooks (a collection of spreadsheets) in order to analyze
data and make more informed business decisions.
USES OF EXCEL
You can use
ü Excel to
track data
ü build
models for analyzing data
ü write
formulas to perform calculations on that data
ü pivot the
data in numerous ways
ü and
present data in a variety of professional looking chart
COMMON
SCENARIOS FOR USING EXCEL INCLUDE:
Accounting You can use the powerful
calculation features of Excel in many financial accounting statements—for
example, a cash flow statement, income statement, or profit and loss statement.
Budgeting Whether your needs are
personal or business related, you can create any type of budget in Excel—for
example, a marketing budget plan, an event budget, or a retirement budget.
Billing and sales Excel is also useful
for managing billing and sales data, and you can easily create the forms that
you need—for example, sales invoices, packing slips, or purchase orders.
Reporting You can create various types of
reports in Excel that reflect your data analysis or summarize your data—for
example, reports that measure project performance, show variance between
projected and actual results, or reports that you can use to forecast data.
Planning Excel is a great tool for creating
professional plans or useful planners—for example, a weekly class plan, a
marketing research plan, a year-end tax plan, or planners that help you
organize weekly meals, parties, or vacations.
Tracking You can use Excel to keep track of
data in a time sheet or list—for example, a time sheet for tracking work, or an
inventory list that keeps track of equipment.
Using calendars Because of its grid-like workspace,
Excel lends itself well to creating any type of calendar—for example, an
academic calendar to keep track of activities during the school year, or a
fiscal year calendar to track business events and milestones.