5 Professions Whose Representatives Need To Learn How To Work In Excel

Work skills in the Microsoft Excel spreadsheet editor are mentioned in almost every vacancy for office workers, but many applicants underestimate the complexity of this program until they come across it in practice.

Why study Microsoft Excel?

Excel is the most useful, versatile, and feature-rich tool in the Office suite, and the time is taken to learn; it can be the most valuable investment in your career. The main purpose of excel training in Delhi NCR is the storage, analysis, and visualization of data, the creation of reports, and complex calculations.

For most workers, it’s enough to master several basic operations – working with sheets, importing and exporting data, sorting and filters, filling out tables mechanically, reporting, and a couple of simple formulas. But for representatives of certain professions, a high level of proficiency in Microsoft Excel is a priority.

Who cares about Microsoft Excel?

Database administrators

Lists and databases are the most common way to use Excel. To one degree or another, XL format tables are used in all areas, but they are especially relevant, where you have to deal with large amounts of data. In the spreadsheet editor, you can create and quickly fill out databases, sort and filter huge amounts of information according to various query criteria, make selections, and report using summary tables.

Accountants

For accountants, Excel is indispensable – it can work in conjunction with professional accounting systems such as 1C, and instead of them. Accounting software allows you to export data to Excel pivot tables to conduct in-depth analysis on various parameters and generate reports. Also, using Excel, complex calculations are performed using various corrections and coefficients that can be standardized for cyclically repeated operations. In addition, the spreadsheet editor is often used to create documents – price lists, invoices, and other forms.

Economists and financial analysts

The spreadsheet editor has extensive functionality for financial calculations: using the formulas, you can calculate interest, penalties, interest on loans and credits, instantly recalculate prices taking into account currency fluctuations and other variables. Excel functions allow you to analyze data of any complexity: ABC and XYZ, factor and variance analysis, sensitivity analysis of investment projects, and many others. This is a great tool for market research, sales forecasting, and compilation of summary reports with graphs and charts.

Bank employees

Excel has many functions for calculating various indicators for banking products. For example, to calculate favorable interest rates taking into account the solvency of an individual or enterprise, determine monthly payments based on the interest rate, the number of periods and the loan amount (PMT function), calculate loan repayment periods (KPER function), calculate bank income for loans with a given amount, monthly payments and maturity (BET function).

Sales/Purchasing Managers

Excel spreadsheets are often used as CRM to maintain a customer or vendor database. In the advanced excel training courses, it is convenient to group data according to certain criteria – the date of the call, the “hot” or “cold” client, the status of the transaction, the volume of the order. In addition, in Excel, you can store assortment lists for uploading to the online store, keep trade records, do sales analysis and forecasting, prepare commercial offers, calculate discounts and special conditions for loyalty programs.

Leave a Reply

Your email address will not be published. Required fields are marked *