Excel 2010 How To Copy Formulas From Celll To Cell 4 Critical Excel Skills All Managers and Executives Must Have

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4 Critical Excel Skills All Managers and Executives Must Have

Knowing every single function and formula in Excel does not make one an expert user of Excel. As often observed, many Excel users who claim to know everything about Excel are still spending a lot of time on their spreadsheets. And unfortunately, they don’t realize that the time spent on their Excel tasks can actually be significantly cut. If you really want to master Excel and save time on your Excel spreadsheets, you need to have the following four critical skills in Excel.

  1. Data processing
  2. Data Consolidation
  3. reporting
  4. Analysis

Here is the reason:-

Data processing

Learning how to process data is an important skill that all managers and executives must have. It takes at least two years to implement an enterprise resource planning (ERP) system. By the time it goes live, the business environment will have changed. Data from an ERP system would have helped but required further processing by a manager or executive. Without knowing how to efficiently process the data, your manager or executive will have to spend hours manually changing the formula to get the desired result, wasting valuable time and resources in the process.

Consider the following example where your manager or executive needs to extract part of the statement from column B. Without data processing skills, your manager or executive will have to spend hours changing formulas down the row to extract industry category details. of different lengths.

But if he has acquired the skill of data processing, he will only need to copy the formula and get the results in seconds.

Data Consolidation

In an ideal business environment, companies should use only one ERP system across all business functions. Unfortunately, this has never been the case. Each business function can purchase the system that best suits them. As a result, managers and executives must integrate from multiple data sources (ERP systems). Microsoft® Excel, being a versatile tool, is commonly used for consolidation. However, without the skills to consolidate data, managers and executives must resort to copying and pasting data from one spreadsheet to another for thousands of rows of data. Unless he is properly trained in data consolidation, he will not be able to consolidate quickly and accurately.

reporting

With the development of technology, more and more data is captured and made available for decision making. As a result, managers and executives are working with more lines than ever before. If a manager or executive is not skilled at summarizing data with Excel, he or she will have to spend hours manually running through rows of data to tabulate numbers for reporting. Learning the secrets to summarizing data with Excel will save those precious extra hours and generate highly accurate reports for submission.

Data analysis

In today’s ever-changing business environment, managers and executives are expected to regularly provide new insights to the business. Existing reports are unlikely to help managers and executives identify new trends as they emerge. Knowing formulas and functions in Excel is not enough to get the job done. Managers and executives must know how to analyze data to help them identify patterns and trends. This can only be achieved if they have the last critical Excel skill – data analysis.

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