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Well, how many have actually gone undetected? There are quite a few papers out there that show that Excel-induced accounting/financial errors are a lot more com
by nickb 19y ago
Well, how many have actually gone undetected? There are quite a few papers out there that show that Excel-induced accounting/financial errors are a lot more common than previously thought. Some financial services have gone as so far to prohibit the use of Excel in their financial planning and forecasting.
Check out some of the papers on Google Scholar for bibliography: http://scholar.google.com/scholar?hl=en&lr=&safe=off&q=excel+bug&btnG=Search http://scholar.google.com/scholar?hl=en&lr=&safe=off...
- mojuba 19y agoI guess Microsoft's valuation of Facebook was done in Excel. Can anybody check if 6,553,500,000 gives 10,000,000,000 ?
- hello_moto 19y ago"Microsoft in recent weeks approached Facebook with proposals to invest in the startup that could value the fast-growing site at $10 billion or higher, said people familiar with the matter." Who puts the valuation for Facebook? was it MS or WSJ assumption?