You are on page 1of 8

Unit 9 : Spreadsheet Development

Worksheet 1 : P1

Name …Danial Ahmed ……………………


Date 10/01/22………………..

Why do organisations use spreadsheets?

Statements Notes / Examples


To improve accuracy Spreadsheet needs to be accurate because statics,
Why do invoices need to be figures and statics need to be the exact amount
accurate? Give examples calculated in the spreadsheet because e.g. if you
have a business you and your invoices needs to be
clear and understandable with the right information
of data of calculation implemented correctly.

To improve accuracy Bills need to be accurate because the calculations


Why do bills need to be accurate? will need to be correct because you need up to date
Give examples information of data recorded on the spreadsheet e.g.
for a company like Tesla. Spreadsheet needs to be up
to date because the date of a particular item might
change its price e.g. a milk gallon from £1.20 to £1.75
you have to then change the calculations of the milk
to put the new price for example if you manage your
household bills. A car dealership will use
spreadsheets to implement data and statistics of
large amounts of finances in cells to keep a record of
what car they are selling, profits, loss is accurate for
the business to know.

To improve accuracy Salaries need to be accurate because salaries need to


Why do salaries need to be be the exact same amount because you need to pay
accurate? Give examples each individual person the exact wage depending on
what role or position in the sector. Salaries need to
be accurate because when you're an accountant you
have to give the right amount of funds to the
employer and employee this is important because as
an accountant you have the responsibility to give the
right amount of money in people’s accounts. For
example, an accountant will track and analyse
salaries and make sure they are accurate and provide
the right amount of funds into your bank account on
the system in a corporate business environment ,
financial environment, investments and funds, life
insurance and pensions lastly investing banking. In
theory if you give the wrong amount of funds into the
employers or employees accounts you will be in deep
trouble because you're not doing your role of work
properly.

To improve accuracy Tax returns need to be accurate and precise because


Why do tax returns need to be if you are a self employed individual this will be a
accurate? Give examples target for you. Either a bank will files taxes for you
e.g. your ential bills for your household such as
electricity bill, water bill, tv licence, pension etc:
where as an account will files your tax returns of
amount of money the company needs to pay this will
be monthly/yearly this information and data will be
stored on a spreadsheet. Tax returns are money you
need to pay back to either a company or your bank.
This is compulsory because it’s in regards to taxes.
Accountants and people who work at the banks will
file tax returns on a spreadsheet because that is a
perfect way to store lots of information that
calculates finances accurately. This can be done with
other people's calculations; the spreadsheet will
automatically calculate it. Tax returns have to be
accurate and important because it files taxes like an
accountant which is very interesting and it is very
useful because it will calculate tax returns without
human calculations because it can get complicated.
A spreadsheet is very vital to implement data onto a
spreadsheet because you don't have to work out any
calculations the spreadsheet does for you which is
excellent.

Precise
Self employed- where the bank will see how much
money you need to pay them and it will calculate in a
spreadsheet
Files taxes like a accountant
Striving to be productive Striving to be productive is by always working
Not wasting time. Give examples meaning that you have to be relentless to your work
like you have something to prove that will make you
work harder and have a good mindset to your work it
will help. Working more will make you work harder.
It's proven and it is a fact. Working more will help you
practise more and eventually you have mastered
what you are doing which is brilliant which takes
courage. Being a work alcoholic implies that you
work endlessly and your timeless philosophy means
that you become timeless to your work and don’t look
at the time, mainly work past the time, get more work
done, be different, be unique, move differently. Being
determined suggests that you're fully 100%
committed to what you are doing and you are well
organised and also prepared meaning you have pre
planned visually using diagrams or graphs to see
how the final design aspects will be of your
spreadsheet. Being Reliance can have a good impact
on your work mainly on your spreadsheet. Being
relienent to what you are doing and putting 100% in
on what you are doing can result in greater
opportunities, open doors in the long term can put
you in a better position in life. Hard Work comes with
everything implying that you have to put everything
all your effort into what you're doing, then in the long
term you can appreciate and celebrate the fruits of
your labour which is a victory in my eyes.
Dedication is important because you're giving full
commitment and you’re putting a lot of effort into
your work. What you’re doing in this case is the
spreadsheet which you're improving the companies
and yourself time to your best potential and you’re
making the time useful. Having the quality of never
giving up is vital because no matter how hard the
work gets or if you're under pressure you have the
ability to push through the difficult times to see the
light of success at the end of the tunnel. Working
underpressure is excellent because not everybody
has the ability to work under pressure and if you do
that is exceptional. Be priceless with time, don't look
at the time just work through the clock all the way
along just work harder, keep the consistency and
trust me you will get so further than you think that’s a
fact. Having the quality of staying consistent and not
looking at time makes you different and that I mean
better as an employee and the employer will instantly
appetite your hard work don’t worry your hard work
won’t be unnoticed it will be noticed.

Striving to be productive Use everything to your best advantage such as time,


Not wasting resources. Give your hard work, giving your full effort in making the
examples spreadsheet,Not wasting paper form the printer
Use your time well
Don’t waste your time or the company's time either

To support decision making Planning


Scenario modelling. Give examples Thinking
Analysis
Prediction

Intelligence implied
Long term plans
To support decision making
Data mining. Give examples

To support decision making Hear everyone out


Spotting trends. Give examples Seeing if the trend apply to the business

To present information clearly and Humble, calm, cool, collected,


effectively
Communication between staff. Give
examples

To present information clearly and Leadership skills


effectively
Communication with suppliers. Give
examples

To present information clearly and Businessman/employee of companies project on a


effectively online conference /good communication and
Communication with customers. listening to everyones opinions/agreements and
Give examples disagreements

Give 4 examples of ‘types of charts’ Graph


you can produce using a Spreadsheets
spreadsheet. Graph where you plot
Give illustrations of examples Graph when the sales increase and decrease where
the line goes up or down.
To carry out complex calculations. Budget is really important because you can see how
Budgets. Give examples much product you will need to buy for the company
in order to sell that valuable item to the public

To carry out complex calculations. Sales figures are good for seeing how how money
Sales figures. Give examples you made in a month/year- maybe sell of those
products

To carry out complex calculations.


Buying trends and patterns. Give
examples

You might also like