Do you want to know how Excel is used and what you may do to further your skills in this office application? There are so many people who make use of this program on a daily basis whether you believe it or not. Without a doubt, Excel is an effective spreadsheet platform allowing you to monitor and at the same time, store data effectively.
In this article, we are going to outline some of the non-traditional and traditional career options where your Excel skills can be put into good use. After reading this content, it will empower you of how this app is so useful in the business world and different aspects of it.
Number 1. Accounting – initially, the purpose of Excel was intended to duplicate the big paper spreadsheets used by accountants. In regards to tracking the individual transactions made by the business, it is these accounting professionals who are tasked to oversee the task. Basically, Excel is a very great tool for this because it allows them to keep track of the details of transaction, monitor the performance, see if the expectations and goals are met and even provide useful and customized reports.
Number 2. Finance – this field is closely related to accounting and financial experts perform different modeling and analysis of how a company is performing in the market. Finance can also use complicated statistical analysis to be able to predict the future performance of the company or even find connections between events and the possible effects of it in the overall performance of the company.
Not only that, finance is used in studying capital structure of the company wherein all the said functions are suited for the spreadsheet tool.
Number 3. Marketing – truth is, marketing is a discipline meant to generate and also, meet the product demands of the company. For this, directing the resources of the company is one of its main functions and ensure that it is going through the right channels and platforms which will then crate demand and awareness.
You may know these channels already; they’re also called advertising and it’s safe to say that there’s an associated cost for whatever advertising campaign that the company does. This cost should be in terms of money or human labor however, this is something that needs to be monitored and have proper checks to ensure that it is truly generating returns for the company. Once again, Excel is useful in this application by means of presenting easy format to organize all the marketing expenses and at the same time, match them with the generated results.