Excel Spreadsheets Discussion

Read Example1 and explain your take away. Add additional information. Your document should include minimum 200 words plus credible references.
 
Example 1:
 
Spreadsheets have excellent tools used to input, track, analyze, and store data. The advantages of excel are organizing data, streamline calculations and multiple user access. It gives a place for all information to be neatly entered into rows, columns, and sort the information type. Even when using big data, the raw data can be easily converted to visual presentations such as pie charts, graphs, etc. The streamline calculations are straightforward and reduce repetitive work. Natter (2019), “Once a formula is written and the program has a set command, complex calculations can easily be computed for the related data that has been input. This allows users to ask “what if” types of questions and to easily get the answers they need without the need to rework the calculations.” Also, the multiple user access is handy as the same document can be changed and shared with multiple users; however, only one user can make changes at one time. The disadvantages are the following:
 
Lack of control and security
Susceptible to human errors
Difficult to troubleshoot or test
Regulatory compliance challenges
Hard to manage data security
As an auditor, tools such as visualization of data in different types of graphs, charts, etc. are essential. Real-time collaboration is also an added value, along with the advanced features like pivoting that works best for the task is a consideration for an auditor.
 
If I were to sell the idea of an alternative to Excel, I would try to explain the advantages of the choice, such as google sheets. This is a cloud service and has similar features to Excel. In the time of cloud services, this would be an excellent option to look into. The service will be efficient and user-friendly and easy access.

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