Spreadsheets
Spreadsheets can be used in the finance department to produce graphs and charts of financial information.
The functionsA complex formula that uses existing instructions to answer a question in a spreadsheet. within the spreadsheet can be used to carry out instant calculations accurately. Formulae will also amend calculations automatically when the spreadsheet is updated.
鈥榃hat if鈥 scenarios can be carried out using spreadsheets set up with IF statementA statement that lets a program select an action depending on whether it is true or not. and appropriate formulae.
Information held within a spreadsheet can be easily secured using a password.
Time can be saved in the finance department by using spreadsheet templates for financial statements and spreadsheets can be easily amended or edited.