Microsoft Excel has been such a popular software package that it has developed into a business essential that is setting the standards in accounting and is considered essential in any level of business.
The original version of Excel wasn't much more than a basic spreadsheet package capable of storing figures and performing some basic calculations. Whereas the latest version includes various far reaching features allowing different calculations and projections to be made and illustrated in imaginative and easy to follow graphics.
The success of Excel can be measured by the number of books and publications available that explain how to get the most out of Excel with the financial analysis tool being one of the most important recent additions to the system.
By combining a range of functions, Excel has become much more than a software package to record results on. By linking different aspects of a business the knock on effect of changes in figures can be anticipated allowing a business to use Excel to plan future strategies.
This functionality has made Excel essential at every level of management allowing predictions to be made with a degree of authority.
With a package that can be used across almost all industries, customization is an essential element of Excel. This allows individual companies to tailor Excel to their precise needs but also ensures that users have a general grasp of the package and can quickly come to terms with how other businesses are applying the package.
With Microsoft's commitment to improvement and new technology becoming available, further enhancements of the package can be anticipated to ensure that Excel remains an essential part of all business accounting and planning.
- History and development
The original version of Excel wasn't much more than a basic spreadsheet package capable of storing figures and performing some basic calculations. Whereas the latest version includes various far reaching features allowing different calculations and projections to be made and illustrated in imaginative and easy to follow graphics.
The success of Excel can be measured by the number of books and publications available that explain how to get the most out of Excel with the financial analysis tool being one of the most important recent additions to the system.
- Functionality
By combining a range of functions, Excel has become much more than a software package to record results on. By linking different aspects of a business the knock on effect of changes in figures can be anticipated allowing a business to use Excel to plan future strategies.
This functionality has made Excel essential at every level of management allowing predictions to be made with a degree of authority.
- Customization
With a package that can be used across almost all industries, customization is an essential element of Excel. This allows individual companies to tailor Excel to their precise needs but also ensures that users have a general grasp of the package and can quickly come to terms with how other businesses are applying the package.
With Microsoft's commitment to improvement and new technology becoming available, further enhancements of the package can be anticipated to ensure that Excel remains an essential part of all business accounting and planning.
