Spreadsheet Templates. Thursday , March 01st , 2018 - 16:05:04 PM
To become helpful, the documentation should contain sufficient detail to deal with key requirements of several kinds of stakeholders Just like systems documentation, the most crucial element of spreadsheet documentation is really a description of needs. Needs describe functions or tasks the spreadsheet must perform. For spreadsheets which have been being used for a while, the needs are most likely generally understood because the listing of things the spreadsheet is i did so however, a proper description of needs -- exactly what the spreadsheet should do instead of what it really can perform -- is crucial for comprehending the spreadsheet. Some high-level needs can offer an adequate summary of the functions done by the spreadsheet (e.g. The money flow projection spreadsheet must calculate forecasted revenue from sales for the following 5 years.), while sub-needs can expand upon high-level needs to offer the necessary degree of detail (e.g. The money flow projection spreadsheet must calculate average annual revenue for every product type according to quarterly sales).
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.
Human Error - To err is human, hence nearly all spreadsheets contain errors. Because spreadsheets are hardly ever tested these errors remain. Reserach has proven that spreadsheet models used operationally have material defects.
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