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Assignment

Uploaded by

Lei Lopez
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Spreadsheets are valuable tools for maintaining organization and productivity by

arranging, storing, and analyzing data. Crucially, they ensure the accuracy and precision of
our numbers and forecasts, a critical aspect, particularly in engineering.

Spreadsheet software, as an application, excels at structuring, storing, and


examining data in tabular format. It essentially offers a digital counterpart to traditional
paper accounting worksheets. In addition, it can incorporate multiple interconnected sheets
featuring data in text, numeric, or graphical formats. These capabilities have led to the
widespread adoption of spreadsheet software, particularly in the business, engineering, and
statistical realms, where it has replaced many paper-based systems. Originally developed to
aid accounting and bookkeeping, spreadsheets now find utility in various contexts where
tabular data needs organization, modification, and collaboration.

In comparison to word processors, spreadsheet software provides a distinct


advantage when working with numbers. Calculation and functionalities are easier to
represent in spreadsheets than in word processors, and thus effective data handling is
possible. Spreadsheet software also provides a flexible presentation of data. This software is
capable of interacting with databases, populating fields, and automating data creation and
modification. Spreadsheet software can be shared both online and offline and allows for
easy collaboration.

Data in a spreadsheet is represented by cells, organized as rows and columns, and


can be textual or numeric. Features like conditional expressions functions to operate on text,
and numbers are also available in spreadsheets. Calculations can be automated, and
spreadsheets are generally easier to use than other data-processing applications.

However, limitations of spreadsheet software include difficulty in identifying data


errors, restriction of a finite number of records, inefficiency in handling large amounts of
text, inability to scale for access and manipulation of large data volumes, inability to create
reports as in the case of databases, high data storage requirements, and the unavailability
of certain querying and sorting techniques.

Spreadsheet processing software has revolutionized the world of simulation and


calculation by providing ease and accuracy of results. It offers not just ease in calculation
but also an efficient way of organizing data.

REFERENCES:

Katie Terrell Hanna. (2021, August 9). spreadsheet. TechTarget. Retrieved September 7,

2023, 5 Pm, from https://www.techtarget.com/whatis/definition/spreadsheet

What is Spreadsheet Software? - Definition from Techopedia. (2015, July 13). Techopedia.

Retrieved September 7, 2023, 4:40 Pm, from

https://www.techopedia.com/definition/9510/spreadsheet-software
Microsoft Excel is a spreadsheet software application used for the process of organizing
and analyzing numerical data. It was first released in 1985 and has grown to become, arguably
and phenomenally, the most important computer program in workplaces around the world. Since
its inception, Microsoft Excel has changed how people organize, analyze, and visualize their data,
providing a basis for decision-making and analysis for the millions of people who use it each day.

Basically, Microsoft Excel is used for data entry and management, charts and graphs, and
project management. It offers features such as formatting, organizing, visualizing, and
calculating data. Additionally, Excel includes features such as inserting rows and columns,
autofill, filter, sort, duplicate, remove duplicate, paste special, text column, format painter, etc.

Currently, a newly released feature of Microsoft Excel includes Python. Python in Excel
makes it possible to natively combine Python and Excel analytics within the same workbook, with
no setup required. With Python in Excel, you can type Python directly into a cell; the Python
calculations run in the Microsoft Cloud; and your results are returned to the worksheet, including
plots and visualizations. Python in Excel is rolling out to Public Preview for those in the Microsoft
365 Insiders program, using the Beta Channel in Excel for Windows.

Excel is outfitted with many templates for personal and business use. The simplest way to
create a business budget is to select a budget template that’s most appropriate for your
business. Most contain labels for input, formulas for analysis, and other worksheets for the most
recognized budgeting categories, such as income, personnel expenses, and operating expenses.
Users can also manually create their budget by inputting their labels, tables, and formulas.

Working knowledge of Excel is vital for most office-based professionals today, and
stronger Excel skills can open the door to promotion and leadership opportunities. Excel is a
powerful tool, but it cannot function alone. It takes a savvy computer user to take advantage of
everything Excel has to offer to provide the best results for their company.

REFERENCES:

Excel, M. (n.d.). Announcing Python in Excel: Combining the power of Python and the flexibility of Excel.
TECHCOMMUNITY.MICROSOFT.COM. Retrieved September 18, 2023, 8:00 Pm from
https://techcommunity.microsoft.com/t5/excel-blog/announcing-python-in-excel-combining-the-
power-of-python-and-the/ba-p/3893439
HubSpot. (n.d.). Microsoft Excel: Easy guide for beginners with formulas and more. HubSpot. Retrieved
September 18, 2023, 7:30 Pm, from https://blog.hubspot.com/marketing/microsoft-excel
Rosenberg, E. (2015, March 24). The importance of excel in business. Investopedia. Retrieved September
7, 2023, 4:40 Pm, from
https://www.investopedia.com/articles/personal-finance/032415/importance-excel-business.asp

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