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State five features of spreadsheets that are useful in financial modeling.

State five features of spreadsheets that are useful in financial modeling.

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Kavungya
• Have inbuilt functions & formulae which can be used to perform most mathematical statistical, trigonometric or financial calculations
• Allows automatic recalculation on formulae
• #have ability to perform ‘what if’ analysis, which can be used to find out the effect of changing certain values in a worksheet on the other cells
• Have the ability to sort & filter data
• Have a data validation facility, which ensures that the correct data is entered into the spreadsheet.
• Have a chart facility that can be used to draw Line graphs, Bar charts, Pie charts, Histograms, etc.
• Some spreadsheets have a SOLVER facility that is used to uncover the best uses of scarce resources so that desired goals such as profit can be maximized, or undesired goals such as cost can be minimized.
• They enabled printing of entire worksheets, portions of a worksheet or several worksheets within the shortest time possible
• Have the ability to summarize data using Consolidation and Pivot tables.
Kavungya answered the question on June 6, 2019 at 09:45

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