Why does an accountant use a spreadsheet?
Credit: Don Bayley E+ Getty Images
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.

Know More

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

Related Questions

  • Q:

    What kind of tools do doctors use?

    A:

    The types of tools used by doctors in general include the stethoscope, thermometer, ophthalmoscope, sphygmomanometer, otoscope, reflex hammer and tongue depressor, according to the St. Louis Children's Hospital. Within medicine, different specialists rely on different sets of tools depending on the area of focus.

    Full Answer >
    Filed Under:
  • Q:

    How do pilots use math?

    A:

    Airplane and helicopter pilots use math to grasp distances, a crucial component in flying any aircraft. While this is the primary reason a firm understanding of math is vital for anyone planning to become a pilot, it is not the only one.

    Full Answer >
    Filed Under:
  • Q:

    How do construction workers use math?

    A:

    Construction workers must use math in a variety of ways while practicing their trade, including taking measurements, converting quantities and solving equations. While it is not necessary for construction workers to have an advanced education, they must be comfortable with basic mathematics and capable of performing several simple operations. Construction workers must be able to add, subtract, divide and multiply as well as work with fractions.

    Full Answer >
    Filed Under:
  • Q:

    What type of guns do FBI agents use?

    A:

    According to official FBI regulations, agents may only carry bureau-issued or approved handguns. Once FBI agents pass training, they can be issued a Glock Model 22 or a Glock Model 23.

    Full Answer >
    Filed Under:

Explore