MS - EXCEL

Excel is in broad use for everyday

problem solving.
 INTRODUCTION
• In a business standpoint, no matter what kind of
business it is, Microsoft Excel is an important
software, especially for businesses that deals
with a lot of numbers, data, statistics.
• Excel is perhaps the most important computer
software program used in the workplace today.
• Many workers and prospective employees are
required to learn Excel in order to enter or
remain in the workplace.
• Microsoft Excel is a powerful spreadsheet application for
the desktop computer. It handles tables of data
(numbers, usually) and is able to perform simple or
complex calculations on all sorts of different ranges of
data.
• It can also perform charting (ie, bar charts, pie charts,
scatter plots, etc) and perform basic statistical analysis.
• Its a spreadsheet software that simplifies creating,
editing, and updating graphs, charts, statistics, and
handles sophisticated equations (i.e.average sum, yearly
percentage etc) that could be time consuming if done
manually.
• From the viewpoint of the employer,
particularly those in the field of information
systems, the use of Excel as an end-user
computing tool is essential.
• Not only are many business professionals
using Excel to perform everyday functional
tasks in the workplace, an increasing
number of employers rely on Excel for
decision support.
• In general, Excel dominates the
spreadsheet product industry with a
market share estimated at 90 percent.
Excel 2007 has the capacity for
spreadsheets of up to a million rows by
16,000 columns, enabling the user to
import and work with massive amounts of
data and achieve faster calculation
performance than ever before
 USES OF EXCEL
• calculate sales tax on a purchase,
• calculate the cost of a trip by car,
• create a temperature converter,
• calculate the price of pizza per square inch and
do analysis of inputted data.
• An individual can track his debt, income and
assets, determine your debt to income ratio,
calculate your net worth, and use this
information to prepare for the process of
applying for a mortgage on a new house.
 SPREADSHEETS
• The use of spreadsheets on computers is not
new. Spreadsheets, in electronic form, have
been in existence since before the introduction of
the PC.
• Forerunners to Excel and Lotus 1-2-3 were
packages such as VisiCalc, developed and
modeled on the accountant's financial ledger.
• Since 1987, spreadsheet programs have been
impacting the business world.
• Along the way, computerized spreadsheets have
become a pervasive and increasingly effective
tool for comparative data analysis throughout the
world.
• Today, end users employ Excel to create
and modify spreadsheets as well as to
author web pages with links and complex
formatting specifications. They create
macros and scripts. While some of these
programs are small, one-shot calculations,
many are much more critical and affect
significant financial decisions and
business transactions.
• Widely used by businesses, service
agencies, volunteer groups, private sector
organizations, scientists, students,
educators, trainers, researchers,
journalists, accountants and others,
Microsoft Excel has become a staple of
end users and business professionals.
• Excel can create a chart or graph, operate in
conjunction with Mail Merge functions, import
data from the Internet, create a concept map
and sequentially rank information by importance.
• Excel offers new data analysis and visualization
tools that assist in analyzing information,
spotting trends and accessing information more
easily than in the past.
• Using conditional formatting with rich data
display schemes, you can evaluate and illustrate
important trends and highlight exceptions with
colored gradients, data bars and icons.
• Excel and Microsoft are trademarks of Microsoft
Corporation, registered in the U.S. and other
countries. Lotus is a registered trademark of
International Business Machines Corporation in
the U.S. and/or other countries.
• Microsoft Excel is used in schools, businesses
and even the home to help people organize and
track information. It can be used to monitor
monthly expenses and revenue or to store
customer data. While the features and design of
Excel have changed a lot over the years, its core
function has remained the same.
 Identification
• Microsoft Excel lets you store and analyze
data in a spreadsheet format. The
software uses a series of cells
(intersections with columns and rows) to
structure the information for quick
reference.
 Purpose
• Unlike a database program such as
Access, Excel performs calculations using
formulas. The formulas range from simple
addition to complex calculations from
trigonometry. Excel also lets you take a
snapshot of data you enter into the
spreadsheet and transform it into a chart.
 Uses
• Businesses can use Excel to keep track of
expenses, income, customer data and inventory.
This information is available immediately with a
few keystrokes, giving businesses the ability to
analyze data and make quick adjustments.
• Excel helps personal users create budgets or list
obligations. She can analyze the information to
decide if she should adjust her spending or
determine how much money she needs to
accomplish a financial goal. Excel even offers
budgeting templates.
 CONCLUSION
• MS Excel provides the simplest way to store data and to
interpret data. MS Excel is used in almost all kinds of
businesses from very small to very large. There are various
ways through which MS Excel can help the managers to
interpret data. For example, a company which sells mobile
connections to the customers can enter their data in the excel
sheets in the form of tables. At the end of the month if the
manager wants to analyze the data then he can go in the
"graphs" option in MS Excel and can see the percentages
and the trends of the sales in previous months. Managers can
also apply various functions on the data from the MS Excel.
Managers can also use MS Excel in their business research
analysis like if they want to find out industry trends then they
can calculate regression equation and can determine the
important factors which can impact their business. All
accounting functions can be applied on data in MS Excel. I
think MS Excel is the simplest form of a database.