Spreadsheet Templates. Thursday , March 01st , 2018 - 16:00:11 PM
When spreadsheets are trusted for performing critical processes, including financial calculations, fundamental controls are necessary to mitigate operational risk. These fundamental controls for mission-critical spreadsheets include approaches for validating calculations and managing changes. Another critical control, spreadsheet documentation, is the topic of this short article.
As described above, since the formulas within spreadsheets are hidden, its not easy to establish the correctness of those formulas without a lot of manual reviewing. Also, as each workbook is really a separate entity, simply because one workbook is true dose not implies that the rest of the workbooks utilized in the model are correct. Errors within Spreadsheets are an recognized drawback for many finance departments, yet this truth is rarely conveyed to users.
OLAP is really a technology that may be given to many users using a number of platforms. As theres just one store of information held inside the OLAP Cube, information and data could be utilized by many people users concurrently no matter their whereabouts.
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