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### Excel Sensitivity Analysis

The Excel sensitivity analysis is used to calculate possible scenarios from which comparisons can be made. The Excel sensitivity analysis thus helps to identify what the effects on a model will be if certain factors change.

### COMBIN Formula in Excel

The COMBIN formula is extremely useful as it is used to derive at a number of combinations for a specific total of items. The COMBIN formula can thus be used to get the possibilities of groups for a total number of items

### Comparison Charts

Decision making is an important factor that forms part of all everyday business situations, whether the decisions are big or small they are still to be made. The bigger the risk involved in making a decision the more analysis goes in to preparing for an answer. With Excel's logical expressions it is easy to represent data from over a period of time graphically with comparison charts.

### Data Tables

Data tables are defined as a range of cells that are used for testing and analyzing outcomes on a large scale. It is a way to see how altering the values in a formula affect the results. Data tables can store the results of multiple scenarios in your spreadsheet, and saves you time in calculating multiple formulas. These tables are written in array formulas; this allows the user to perform multiple calculations in one location.

### Improve your Microsoft Excel skills through hands-on exercises

Improve you Microsoft Excel skills by visiting our free training pages where tips are shared and where you can watch step by step videos on using the various functions. You can further improve your Microsoft Excel skills within two or three days by attending one of our advanced courses where you will receive hands-on training.

### Excel accounting features

Some useful Excel accounting features are shared below. As one of the Microsoft programs developed specifically to manage data and various financial data applications, the Excel accounting features are extremely user-friendly.

### Financial Accounting

For a company to adequately manage their capital is something of vital importance if they wish to make a success of their business in the long run and in turn enjoy a long prosperous life working in their specific industry of their global corporate world. For this reason, being the solution for a company to ensure that they are managing their capital correctly, financial accounting is one of the most important of all business activities needing to be done on a daily basis.

### Multiple Scenarios

Excel is a powerful tool that is often under-utilized as people are not aware of the numerous functions that the package has to offer. Many companies use Excel spreadsheets for financial and auditing purposes and with those kind of spreadsheets often the user is required to make many tables with only one variable that has changed.

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