What exactly is Excel? – Some Facts Revealed

Microsoft Excel is sophisticated data visualization and analysis program that uses spreadsheets to store, organize, and track data sets using formulae and functions. Marketers, accountants, data analysts, and other professionals utilize Excel. It is part of the Microsoft Office product suite. Google Sheets and Numbers are two alternatives.

Excel is a spreadsheet program that is used to store, analyze, and report enormous quantities of data. Accounting teams frequently use it for financial analysis, but it can be used by any professional to handle vast and cumbersome information. Balance sheets, budgets, and editorial calendars are examples of Excel applications that also can see excel training videos.

Because of its powerful computational capabilities, Excel is generally used to create financial documents. Accounting offices and teams frequently utilize the program because it allows accountants to view sums, averages, and totals immediately. They can quickly make sense of their company’s data using Excel.

While Excel is best recognized as an accounting program, professionals in any sector, particularly marketers, may benefit from its capabilities and formulae since it can be used to track any sort of data. It eliminates the need to spend hours counting cells or copying and pasting performance figures. Excel usually includes a shortcut or fast fix that expedites the process.

  • Excel’s IF Function

The IF function in excel conducts a logical comparison of two numbers. The IF function returns either TRUE or FALSE. We may, for example, see if the value in cell B2 is larger than the value in cell A2. If this is the case, the result is TRUE; otherwise, the result is FALSE.

  • How to Make Use of the IF Function in excel

In Excel, an IF function is made up of three parts:

A logical test in which an operator sign is used for logical comparison;

If the logical test returns TRUE, this value is returned.

If the logical test returns FALSE, this value is returned.

=IF(A1>B2; “TRUE”; “FALSE”) is the format

  • Recognizing the Worksheet (Rows and Columns, Sheets, Workbooks)

A worksheet is made up of rows and columns. A cell is formed when a row and a column intersect. Cells are used to store information. A cell address is used to individually identify each cell. Columns are often marked with letters, whereas rows are typically named with numbers.

A workbook is a grouping of worksheets. In Excel, a workbook has three cells by default. To meet your needs, you can remove or add more sheets. Sheet1, Sheet2, and so on are the default names for the sheets. You may change the sheets to more appropriate names, such as Daily Expenses, Monthly Budget, and so on.