Q:
Why does an accountant use a spreadsheet?
A:
Quick Answer
An accountant uses a spreadsheet to carry out complex calculations quickly through the use of cell functions. This is particularly helpful if the data in a column continually change because it saves time. If a formula is already plugged in with cell numbers, the final figure updates automatically.
Continue Reading
Credit:
Don Bayley
E+
Getty Images
Full Answer
Besides calculating basic financial data, accountants use spreadsheets to make forecasts based on predicted data. They can plus in different numbers to see how costs or revenue change based on new data. Also, accountants use spreadsheets to show data visually. Charts and graphs are more useful for presentations than tables of data. Finally, accountants use spreadsheets for databases, such as customer lists and relevant contact information.
Learn more about CareersSources:
Related Questions
-
Q:
What is a junior accountant?
A: A junior accountant is essentially an entry-level accountant and often holds a bachelor's degree in accounting and performs tasks such as calculating taxes... Full Answer >Filed Under: -
Q:
What is the difference between a CMA and a CPA?
A: The primary difference between those with a certified public accountant, CPA, and a certified management accountant, CMA, credential lies in the types of e... Full Answer >Filed Under: -
Q:
What is the difference between a spreadsheet and a database?
A: A spreadsheet is used to keep track of data and do calculations, while a database is used to store information to be manipulated at a later time. Informati... Full Answer >Filed Under: -
Q:
What are the advantages of using a spreadsheet?
A: Spreadsheets save time and provide both flexibility in presentation and accuracy of calculations as compared to the use of calculators or pen and paper. A ... Full Answer >Filed Under:
