NEW 2 DEMO Add 4
NEW 2 DEMO Add 4
DEPARMENT OF COMPUTER
COURCE CODE-FUNDAMENTAL OF ICT (22101)
“APPLICATIONOF MS EXCEL.”
INDEX
In this article, we are discussing some of the major uses of Microsoft Excel that will
help us understand the potential of this powerful software and how different people
or organizations are using it for their needs. They are as follows:
When there is a need for data entry and data storage, excel is an excellent
software for basic needs.
Excel is a great option to store lots of data. However, the size of the excel file is
limited based on the device's computing capacity and memory availability.
Generally, excel worksheets can have 1,048,576 rows and 16,384 columns in a
table form. Once the data is organized in an excel file, we can use it for various
purposes. Using multiple tools and formulae, we can implement numerous
operations on the data.
Apart from this, features like Data Form in excel make inputting and viewing data
more accessible. Using this, users can build customized data entry forms
according to their business requirements. Moreover, we can also use excel to
create different lists for various needs. For example customer mailing list,
employees work reports, employees shift rotations, etc.
Performing Calculations
MS Excel has plenty of in-built functions or formulae that can be used to workwith
the data. There are more than 450 functions in excel that are
categorizedaccordingly. Some most common functions in an excel function library
includefinancial, logical, text, date & time, math, and trigonometry. We can use
thenecessary functions or formulae on any row, column, and cell within the
spreadsheet.
We can also create our custom formulae with some programming skills or using
macros in addition to the existing functions. So, we do not need to do the entire
task again and again. Once we have created the specific set of functions, we must
put corresponding values to get the desired results. With excel, we can perform
almost every type of calculation (addition, subtraction, multiplication, division,
etc.), and it is one of the best use of MS Excel.
Data Analysis and Interpretation
Data analysis is an essential part of MS excel. Analyzing the data helps in making
decisions for improvements. When the data has been updated in spreadsheets,
we can use formulae and pivot tables to effectively analyze the data and interpret
the numbers. Using these features, we can consolidate the data and easily focus
on essential segments from large data sets.
By applying features like sort, filter, or swapping out data segments, the table can
be managed more systematically to carry out the required data fields.
Furthermore, we can take a screenshot of the specific part and attach it to a
particular area in excel to create an interactive summarized report with precise
communicable results.
Reporting and Visualizations
Charts, graphs, or other visualizations can make any simple report more attractive
and meaningful. It is always a better way to use different charts to display the
results in a summarized form, and that too with more attraction. A simple chart
can sometimes cover and express the desired results than the massive table with
relatively long data ranges.
Account and budget managers most often use MS excel to maintain customer
records. It is an easy way to organize the data and keep the data up to date with
simple editing tools of excel software. It is one of the main tasks of account
managers to keep records because it helps them create a strong relationship with
their clients. This eventually enables accounting or budgeting managers to earn
customers' loyalty, which further generates repeat sales. Furthermore, they can
easily find the details from excel and also share with others easily when
necessary.
To add simplicity, excel also comes with many accounting and budgeting
templates that can be used or modified accordingly. Some advanced templates
may also contain some formulae or functions to perform basic to complex
calculations. Thus, excel is an efficient accounting and budgeting software and
helps us synthesize quick results in corresponding fields.