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Economic Informatics Essay

The document discusses the basics of spreadsheets including what they are, what they can perform, examples of their uses, characteristics of Microsoft Excel, tips for using spreadsheets effectively and references for further reading.

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Bianca Andras
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33 views4 pages

Economic Informatics Essay

The document discusses the basics of spreadsheets including what they are, what they can perform, examples of their uses, characteristics of Microsoft Excel, tips for using spreadsheets effectively and references for further reading.

Uploaded by

Bianca Andras
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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STUDY PROGRAMME: FINANCE AND BANKING

ECONOMIC INFORMATICS ESSAY

Topic: Basics of Spreadsheets

Students:

Andraș, Bianca
Perț, Iuliana

Academic year: 2022-2023, 1st Semester

What is a spreadsheet?
A spreadsheet is an arrangement of rows and columns, in which data and information are
displayed. As part of its practicality, it encompasses features such as entering, moving,
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modifying, analysing, reviewing and storing data. Spreadsheet programs were primarily created
to ease the work of accountants, first becoming a computerised substitute of a general ledger,
though not long after, they ended up being taken up by anyone wishing to put together a budget,
equate financial options, generate income statements, predict future sales or carry out any other
kind of mathematical or financial applications demanding computations.

What can a spreadsheet perform?


As opposed to word processing, which alters writing, spreadsheets take on the role of handling
wording and also arithmetic input. Utilising digital spreadsheets, you naturally have the privilege
of encountering specific formulas that axiomatically recalculate your requests for you, and so,
you have the ability to play around with integers to spot how the outcome is influenced.

Spreadsheets can be used for a wide range of purposes due to their flexibility, versatility, and
simplicity. Here are a few ways in which spreadsheets can be used:
● Financial Modelling: Spreadsheets are widely used for financial modelling and
forecasting. They allow users to create complex financial models to analyse financial
data, predict future trends, and make informed decisions.
● Project Management: Project managers can use spreadsheets to track project progress,
assign tasks, manage deadlines, and monitor resource allocation.
● Marketing and Sales: Spreadsheets can be used to track marketing campaigns, analyse
customer data, and monitor sales performance.
● Inventory Management: Businesses can use spreadsheets to manage inventory levels,
track product sales, and monitor stock movements.
● Budgeting and Record Keeping: Spreadsheets can be used for managing personal or
business budgets. They provide a simple and flexible way to track income and expenses
and generate reports on financial performance.

These are just a few examples of how spreadsheets can be used. Their versatility and ease of use
make them a popular tool for many types of data management and analysis tasks.

Spreadsheets users
Spreadsheet users are individuals or organisations who utilise spreadsheet software for their data
management, analysis, and reporting needs. These users can range from small businesses and
freelancers to large corporations and government agencies. Spreadsheet software is a popular
tool for tasks such as financial modelling, budgeting, record keeping, project management, and
data analysis due to its simplicity, flexibility, and versatility. Some popular spreadsheet
applications include Microsoft Excel, Google Sheets, and Apple Numbers.
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Leading characteristics of Microsoft Excel:


1. Autosum - aids in adding the contents of a group of adjoining cells.
2. List autofill - instantly lengthens cell formatting if a new object is put on a list.
3. Autofill - permits rapid cell filling with similar or consecutive data, namely progressive
dates or digits, and duplicated text. Besides this, it can be applied to clone functions or
adjust text or numbers.
4. Autoshapes - this toolbar instrument enables you to draw numerous geometric figures,
flow diagram constituents, arrows, and multiple other variants of tables, charts and
schemes.
5. Wizard - it aids you in working productively by revealing different hints of service and
approaches of use, established by what you are working on at that point.
6. Drag & Drop - assists you in relocating particular data and information by directly
dragging it with the support of your computer mouse.
7. Charts - helps in exhibiting the knowledge you want to present via an illustrative or
photographic portrayal, within the form of typical structure and appearance of bar charts,
line charts, or even pie charts.
8. PivotTable - within the span of just a few clicks, it inverts and amounts all your selected
data, lets you carry out data examination and give rise to reports, including statistical,
economic and financial reports.
9. Shortcut Menus - every order that is in relation to the task you are currently performing
will come into sight simply by using the right click.

Tips for effectively using spreadsheets


➔ Organise your data: Start by organising your data into columns and rows that make sense
for your specific needs. This will make it easier to work with the data later on.
➔ Use clear and meaningful headings: Label each column and row with a clear and
meaningful heading. This will help you to quickly understand the information contained
in each cell.
➔ Avoid manual data entry: Automate repetitive tasks, such as data entry or formula
calculations, whenever possible. This will save time and reduce the risk of errors.
➔ Format your data: Use formatting tools, such as font size, colour, and bolding, to make
your data more readable and visually appealing.
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➔ Use conditional formatting: Highlight specific cells based on their contents using
conditional formatting. This can help to quickly identify trends and patterns in your data.
➔ Back up your data regularly: Regularly save and back up your spreadsheet to prevent data
loss in case of a system failure or other unexpected event.

By following these tips, you can make the most of your spreadsheet software and efficiently
manage and analyse your data.

References
1. Excel for Dummies - Greg Harvey, May 2018, by John Wiley & Sons, Inc.
2. The Excel Master Guidebook Series: Getting Familiar With Excel - January 2013
3. A Brain-Friendly Guide: Head First Excel - Michael Milton, 2010, by O'Reilly
4. The article "Why Excel" in The Journal of Economic Education by Humberto Barreto on
30 June 2015.
5. Beginning Microsoft Excel 2010 - Abbott Katz, December 2010
6. The article "Introduction to Microsoft Excel" in the Excel Crash Course by Eklas Hossain
in June 2021.

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