IS EXCEL A SKILL REQUIRED NOW-A-DAYS?

By

 This question I get from students, whom I have been teaching and they find Excel to be a software which is specially designed for accounting purposes or managers preparing their reports. To answer this query, I surveyed and observed many multi-national companies and startups who come to campuses for placements for professionals, and the answer was that Excel skills was one of the criteria.

Hence, considering the importance of it, below are top 5 excel functions a professional or student must know for standing out in the workplace or being sought after.

1.       Conditional formatting: One of the tools of Excel to visualize the data in your spreadsheet. Based on the condition put, you can colourfully create patterns dynamically whether it is cell background or cell value, duplicate or unique values.

2.       Pivot Tables/Charts: Another powerful feature provided by Excel, helpful in summarizing large amounts of data ie. Extract the significant characteristics from the dataset and present to the user. It could be in the form of graph or chart or dashboard.

3.       Macros: A tool to automate your work on Excel. A user can record his set of actions which are repeatedly done in a worksheet and run the same, whenever required.

4.       What-if analysis: The name is self-explanatory ie. What happens to the predicted value if given an observed value with formula in a worksheet. It helps users to take decisions because of the features it has like Scenarios, Forecasting, resource allocation, Risk assessment etc.

5.       Lookup Functions: One of the popular and most used functions of Excel, the Vlookup and Hlookup functions are used to locate and display the data available in the current sheet or another worksheet or workbook.

Excel is not limited to the above functions mentioned, it has a powerful array of functions useful for professionals in any domain. The importance of it hence lies here. The software Excel has found its place for any kind of analysis if we think of statistical analysis, numerical analysis etc. We think of the package as for only small business purposes, but in actual terms it has much more to benefit students, professionals, managers, financial analysts etc. Any area of management like Human Resource, Marketing, Finance, Production, Operations can be utilizing the features of Excel for preparing basic to advanced charts, formatting the data, presenting the analysis over different worksheets by filtering, sorting, automate the tasks, templates to be used for various purposes etc. We can work on Excel sheets over Gmail as Sheets and hence can work offline or online.

Hence to leave a mark as a skilled professional  from campus to corporate or as an entrepreneur, Excel expertise is important.

JIMS Engineering & Management Technical Campus, Greater Noida provides an extensive learning to students wherein apart from their core curriculum subjects, skill learning sessions on variety of topics are imparted on a regular basis so that the students are benefitted from the same for their bright future ahead.

 

By:

Ms. Preeta Rajiv Sivaraman

Assistant Professor

JIMS, Greater Noida

 

Comments

Post a Comment

Popular posts from this blog

Teacher As: Critical Pedagogue

By
Education is not only a process of cognitive development. It is a process of overall development of the child. The whole teaching learning process consist with three important components i.e student, teacher and curriculum. In the process of curriculum construction, evaluation and feedbacks are an important aspect to redesign the curriculum. Evaluation cannot be made on the basis of academic achievement of the students. Teacher should play an important role in the construction of curriculum as well as transaction of curriculum. Thus there is a need that teacher should take initiative to evaluate the whole education system as a Critical pedagogue. It is an ability to evaluate our teaching and the practices prevailing in existing education system critically in relation to methods and practices adopted by the teacher to teach concern pedagogical subjects. Ira Shor defines “ Critical pedagogy is habits of thought, reading, writing and speaking which go beneath surface meaning, first impr...
Read more

ROLE CONFLICT PROBLEM AMONG WORKING WOMEN

By
Women of India have marked their significant presence in the world in various fields. They have been given the status of power and prestige in India.    Indian women has got much more significance in today’s developing times. Where until lately, they were shadowed by patriarchal dominance, the contemporary women in India have moved beyond all social boundaries to emerge as triumphant leaders of tomorrow. Not only has She taken up courageous roles in society, her own individuality as a ‘woman’ has now got an improvised meaning. The world has changed for females in India now. The daughters are pursuing successful ambitions in the male dominated corporate scenario and mothers are taking up flextime jobs to showcase their exceptional managerial talent. Today, our women have stepped out to become bread earners of the family. Although the trend is yet developing in India, The IT-BPO sector is becoming a female dominated industry in India with a significant number of capable a...
Read more

Rights and obligations of Issuer, Participant and Beneficial owner under the Depository Act, 1996

By
As per section 17 of depository Act the rights and obligations of the depositories, participants and the issuers whose securities are dealt with by a depository shall be specified by the regulations. Under the Depository Act, 1996 depository means a company formed and registered under the Companies Act, 1956, and which has been granted a certificate of registration by SEBI under sub-section (1A) of Section 12 of the Securities and Exchange Board of India Act, 1992 ). (Section 2(1) (e)) Work of Depository- The word ‘depositary’ is defined as “the party of the institution (company) receiving a deposit. A depository holds securities (like shares, debentures, bonds, Government Securities, units etc.) of investors in electronic form. Besides holding securities, a depository also provides services related to transactions in securities. It acts as a trustee of the owner since the securities are entrusted with him in trust. He is also the agent of the owner of the securities. Thus...
Read more