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Do you use Excel less or more often as you progress in seniority of your position?

Klien Keen's Profile

As you progress from an analyst to a manager to a FC to a CFO (i.e. gaining more senior position), do use* Excel less or more? *Use is define as creating and maintaining reports and models or manupilating data in Excel or TM1-Excel, Hyperion-Excel linked programs. The act of having another person creating/maintaining the report/model for you to peruse is not counted. Also it would be great to state the percentage of time spend on Excel. ----------- For me as a FC, I am spending about 60% of my time on Excel which is 10% less than my time as a manager.

Answers

Anonymous User
Title: CFO
Company: Local Government Agency
(CFO, Local Government Agency) |

I use it more than ever. Just not as intensively.

But realize, for me Excel replaced the ten key long ago. So, even if I'm just checking figures, I'll key them into a to be deleted Excel spreadsheet column. That way, if I find keying errors when things don't foot, I can easily correct them and not have to reenter every item again.

Having said that, I use Excel for simpler things now whereas, in my more analytical days, I was using advanced Excel formulas and such for intensive analysis.

The main reason I continue to use it is its versatility and my familiarity with it. I hate changing passwords let alone software. :-)

Sarah Jackson
Title: Associate Editor
Company: Proformative
(Associate Editor, Proformative) |

Charley Kyd, one of the world's foremost experts on Excel, teaches an Excel webinar series here at Proformative.

The first is available for instant viewing via on-demand video is titled,
"Leveraging Pivot Charts with Excel Tables to Deliver Interactive Excel Dashboards:"

https://www.proformative.com/events/leveraging-pivot-charts-excel-tables-deliver-interactive-excel-dashboards

Also, here's a treasure trove of free excel spreadsheets, free accounting spreadsheets, plus all kinds of other excel resources, such as tests, tutorials and more:

https://www.proformative.com/resources/free-accounting-spreadsheet

Plus, this free "Excel Shortcuts Cheat Sheet"

https://www.proformative.com/whitepapers/excel-shortcuts-cheat-sheet

Enjoy!

Best... Sarah

Topic Expert
Patrick Dunne
Title: Chief Financial Officer
Company: Milk Source
(Chief Financial Officer, Milk Source) |

I am in an environment closer to investment banking due to M&A activity. My excel usage has probably increased just based on the types of things that we are doing. Our lean staff also contributes to me doing more detailed review of spreadsheets.

William Mazer
Title: CFO
Company: Episcopal Children's Services
(CFO, Episcopal Children's Services) |

It seems to me to be about the same level of use now as before. But there is a significant difference that I'd characterize as breath vs. depth. Now I use if for a much broader range of activities (e.g., problem analysis, future project profitability, lease vs. buy decisions, tax planning issues, portfolio analysis, etc.) than some of the traditional accounting related processing and audit testing done earlier in my career.

Mark Matheny
Title: VP - FInancial Planning and Analysis
Company: Novolex (formerly Hilex Poly)
(VP - FInancial Planning and Analysis, Novolex (formerly Hilex Poly)) |

I use Excel more than ever as I have progressed. With leaner and leaner staff levels, it is simply expected.

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