- NY Credits : 2.0
- TX Credits : 2.0
Excel is a wonderful spreadsheet program, but there’s a lot more to it. Microsoft Excel can be used as a database and offers users the ability to exploit “big-data” tools to investigate, analyze and research data. The data-mining capabilities built into Excel are surprisingly sophisticated, but very easy to use, once you know how. Users can employ these tools to find hidden relationships and trends in data. They can summarize data by attribute or apply statistical analysis to isolate outliers and anomalies. You don’t have to be a math whiz, programmer or Excel guru to use these tools, either.
Accountants can add a whole new level of value to their services using the “big-data” analysis tools built into Excel. Financial analysis with mere ratios is primitive compared to the tools available in Excel. Clients will appreciate a financial analysis that identifies important trends, finds hidden relationships between data and provides statistical evidence to support the conclusions.
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