Jumpstart your personal and business projects by checking out this list of the best free Microsoft Excel spreadsheet templates. This is a selection of spreadsheet resources - some free, some commercial - to do with Microsoft Excel, its clones, spreadsheet add-ins, and support for Excel. NYU Professor of Finance Aswath Damodaran provides a number of models for corporate finance, valuation, and option. ![]() ![]() Insights are all in the data Lay out your data Organize your numeric or text data in spreadsheets or workbooks. Viewing it in context helps you make more informed decisions. Reformat and rearrange it As you look at different configurations, Excel learns and recognizes your pattern and auto-completes the remaining data for you. No formulas or macros required. The Tell Me search feature guides you to the feature commands you need to get the results you are looking for. Do your analysis Excel will perform complex analyses for you. ![]() And it summarizes your data with previews of pivot-table options, so you can compare them and select the one that tells your story best. Get a better picture of your data Flow into charts and graphs Excel can recommend the charts and graphs that best illustrate your data patterns. Quickly preview your options and pick those that present your insights most clearly. ![]() Find your best storyline Discover and compare different ways to represent your data and your intents visually. When you see the one that shows your data best, apply formatting, sparklines, charts, and tables with a single click. A set of new modern charts and graphs in Excel 2016 help you to present your data in fresh ways. Highlight trends and patterns Make it easy to spot trends and patterns in your data by using bars, colors and icons to visually highlight important values. The new one-click forecasting feature in Excel 2016 creates forecasts on your data series with one click to future trends. Share from the cloud Make sure everyone has the latest version by sharing your workbooks in the cloud with OneDrive or SharePoint, so others can view, edit, and collaborate. Or simply email or instant message as an attachment. Collaborate in real time Once you’ve saved your spreadsheet to OneDrive, OneDrive for Business, or SharePoint you and your team can work together in real-time with Excel Online. ![]() As you and your team make edits and changes to your documents, the improved version history in Excel 2016 allows you to view or go back to earlier drafts. Excel 2016 and Power BI Power B I contain a portfolio of tools that is unique in the industry. Together, they enable business analysts to more easily gather, shape, analyze, and visually explore their data. The new Power BI Power B I service is a business analytics collaboration and delivery environment. It helps anyone in your organization bring together data from a wide range of sources—Excel workbooks, on-premises corporate data, Azure services, and other popular cloud-based offerings like Salesforce.com or Marketo—to view and share using live dashboards and interactive reports. What chart types are available in Excel 2016? With select Office plans, Excel 2016 provides additional capabilities that let you further enhance your analytics and modeling capabilities, take advantage of advanced data connectivity options, and effectively share your data across the organization. See below for a summary of basic and advanced business analytics features. The advanced features are included as part of Office 365 ProPlus and other enterprise subscriptions. You can also take advantage of the advanced features with select one-time purchases of Office, including Office 2016 Professional Plus, Office 2016 Professional, and Excel 2016 standalone. Basic business analytics features Get these features with any Office 365 subscription* or any Office 2016 one-time purchase. • and • and (previously Power Map) •: Import, shape, and merge data from private files, databases, and websites •: Load to data model, automatic relationship detection, time grouping, and creation of DAX measures Advanced business analytics features Get these features with an Office 365 ProPlus and other enterprise subscriptions, Office 2016 Professional, Office 2016 Professional Plus, and Excel 2016 standalone one-time purchases. • All basic business analytics features • Get & Transform: Import, shape, and merge data from corporate, big data, and cloud data sources • Get & Transform: Corporate data catalog search and share queries •: Relationships and data view, DAX calculated columns, KPIs, hierarchies, and more * Office 365 plans that include Office desktop apps, like Word, PowerPoint, and Excel. Main article: Microsoft Excel has the basic features of all spreadsheets, using a grid of cells arranged in numbered rows and letter-named columns to organize data manipulations like arithmetic operations. It has a battery of supplied functions to answer statistical, engineering and financial needs. In addition, it can display data as line graphs, histograms and charts, and with a very limited three-dimensional graphical display. It allows sectioning of data to view its dependencies on various factors for different perspectives (using and the scenario manager). It has a programming aspect, Visual Basic for Applications, allowing the user to employ a wide variety of numerical methods, for example, for solving differential equations of mathematical physics, and then reporting the results back to the spreadsheet. It also has a variety of interactive features allowing user interfaces that can completely hide the spreadsheet from the user, so the spreadsheet presents itself as a so-called application, or decision support system (DSS), via a custom-designed user interface, for example, a stock analyzer, or in general, as a design tool that asks the user questions and provides answers and reports. In a more elaborate realization, an Excel application can automatically poll external databases and measuring instruments using an update schedule, analyze the results, make a report or slide show, and e-mail these presentations on a regular basis to a list of participants. Excel was not designed to be used as a database. Main article: The Windows version of Excel supports programming through Microsoft's (VBA), which is a dialect of. Programming with VBA allows spreadsheet manipulation that is awkward or impossible with standard spreadsheet techniques. Programmers may write code directly using the Visual Basic Editor (VBE), which includes a window for writing code, debugging code, and code module organization environment. The user can implement numerical methods as well as automating tasks such as formatting or data organization in VBA and guide the calculation using any desired intermediate results reported back to the spreadsheet. VBA was removed from Mac Excel 2008, as the developers did not believe that a timely release would allow porting the VBA engine natively to Mac OS X. VBA was restored in the next version, Mac Excel 2011, although the build lacks support for objects, impacting some high level developer tools. A common and easy way to generate VBA code is by using the Recorder. The Macro Recorder records actions of the user and generates VBA code in the form of a macro. These actions can then be repeated automatically by running the macro. The macros can also be linked to different trigger types like keyboard shortcuts, a command button or a graphic. The actions in the macro can be executed from these trigger types or from the generic toolbar options. The VBA code of the macro can also be edited in the VBE. Certain features such as loop functions and screen prompts by their own properties, and some graphical display items, cannot be recorded, but must be entered into the VBA module directly by the programmer. Advanced users can employ user prompts to create an interactive program, or react to events such as sheets being loaded or changed. Macro Recorded code may not be compatible between Excel versions. Some code that is used in Excel 2010 can not be used in Excel 2003. Making a Macro that changes the cell colors and making changes to other aspects of cells may not be backward compatible. VBA code interacts with the spreadsheet through the Excel Object Model, a vocabulary identifying spreadsheet objects, and a set of supplied functions or methods that enable reading and writing to the spreadsheet and interaction with its users (for example, through custom toolbars or command bars and message boxes). User-created VBA execute these actions and operate like macros generated using the macro recorder, but are more flexible and efficient. History From its first version Excel supported end user programming of macros (automation of repetitive tasks) and user defined functions (extension of Excel's built-in function library). In early versions of Excel these programs were written in a macro language whose statements had formula syntax and resided in the cells of special purpose macro sheets (stored with file extension.XLM in Windows.) XLM was the default macro language for Excel through Excel 4.0. Beginning with version 5.0 Excel recorded macros in VBA by default but with version 5.0 XLM recording was still allowed as an option. After version 5.0 that option was discontinued. All versions of Excel, including Excel 2010 are capable of running an XLM macro, though Microsoft discourages their use. Charts Excel supports,, or generated from specified groups of cells. The generated graphic component can either be embedded within the current sheet, or added as a separate object. These displays are dynamically updated if the content of cells change. For example, suppose that the important design requirements are displayed visually; then, in response to a user's change in trial values for parameters, the curves describing the design change shape, and their points of intersection shift, assisting the selection of the best design. Data storage and communication Number of rows and columns Versions of Excel up to 7.0 had a limitation in the size of their data sets of 16K (2 14 = 000000000♠16 384) rows. Versions 8.0 through 11.0 could handle 64K (2 16 = 000000000♠65 536) rows and 256 columns (2 8 as label 'IV'). Version 12.0 can handle 1M (2 20 = 600000000♠1 048 576) rows, and 000000000♠16 384 (2 14 as label 'XFD') columns. File formats Excel Spreadsheet.xls, (.xlsx,.xlsm,.xlsb - Excel 2007) application/vnd.ms-excel com.microsoft.excel.xls Developed by Type of format Microsoft Excel up until 2007 version used a proprietary binary file format called Excel Binary File Format (.XLS) as its primary format. Excel 2007 uses as its primary file format, an XML-based format that followed after a previous -based format called 'XML Spreadsheet' ('XMLSS'), first introduced in Excel 2002. Although supporting and encouraging the use of new XML-based formats as replacements, Excel 2007 remained backwards-compatible with the traditional, binary formats. In addition, most versions of Microsoft Excel can read,,,, and other legacy formats. Support for some older file formats was removed in Excel 2007. The file formats were mainly from DOS-based programs. Binary has created documentation of the Excel format. Since then Microsoft made the Excel binary format specification available to freely download. XML Spreadsheet. Main article: The XML Spreadsheet format introduced in Excel 2002 is a simple, based format missing some more advanced features like storage of VBA macros. Though the intended file extension for this format is.xml, the program also correctly handles XML files with.xls extension. This feature is widely used by third-party applications (e.g. Query Browser) to offer 'export to Excel' capabilities without implementing binary file format. The following example will be correctly opened by Excel if saved either as Book1.xml or Book1.xls. Name Example Value 123 Current file extensions. Main article: Microsoft Excel 2007, along with the other products in the suite, introduced new file formats. The first of these (.xlsx) is defined in the (OOXML) specification. New Excel 2007 formats Format Extension Description Excel Workbook.xlsx The default Excel 2007 and later workbook format. In reality a compressed archive with a directory structure of text documents. Functions as the primary replacement for the former binary.xls format, although it does not support Excel macros for security reasons. Excel Macro-enabled Workbook.xlsm As Excel Workbook, but with macro support. Excel Binary Workbook.xlsb As Excel Macro-enabled Workbook, but storing information in binary form rather than XML documents for opening and saving documents more quickly and efficiently. Intended especially for very large documents with tens of thousands of rows, and/or several hundreds of columns. Excel Macro-enabled Template.xltm A template document that forms a basis for actual workbooks, with macro support. The replacement for the old.xlt format. Excel Add-in.xlam Excel add-in to add extra functionality and tools. Inherent macro support because of the file purpose. Old file extensions Format Extension Description.xls Main spreadsheet format which holds data in worksheets, charts, and macros Add-in ().xla Adds custom functionality; written in Toolbar.xlb The file extension where Microsoft Excel custom toolbar settings are stored. Chart.xlc A chart created with data from a Microsoft Excel spreadsheet that only saves the chart. To save the chart and spreadsheet save as.XLS. XLC is not supported in Excel 2007 or in any newer versions of Excel. Dialog.xld Used in older versions of Excel. Archive.xlk A backup of an Excel Spreadsheet Add-in (DLL).xll Adds custom functionality; written in /,,, etc. And compiled in to a special Macro.xlm A macro is created by the user or pre-installed with Excel. Template A pre-formatted spreadsheet created by the user or by Microsoft Excel. Module.xlv A module is written in VBA (Visual Basic for Applications) for Microsoft Excel Library.DLL Code written in VBA may access functions in a DLL, typically this is used to access the Windows API Workspace.xlw Arrangement of the windows of multiple Workbooks Using other Windows applications Windows applications such as and, as well as Excel can communicate with each other and use each other's capabilities. The most common are: although strongly deprecated by Microsoft, this is a common method to send data between applications running on Windows, with official MS publications referring to it as 'the protocol from hell'. As the name suggests, it allows applications to supply data to others for calculation and display. It is very common in financial markets, being used to connect to important financial data services such as and. Object Linking and Embedding: allows a Windows application to control another to enable it to format or calculate data. This may take on the form of 'embedding' where an application uses another to handle a task that it is more suited to, for example a presentation may be embedded in an Excel spreadsheet or vice versa. Using external data Excel users can access external via Microsoft Office features such as (for example).odc connections built with the Office Data Connection file format. Excel files themselves may be updated using a Microsoft supplied driver. Excel can accept data in real time through several programming interfaces, which allow it to communicate with many data sources such as Bloomberg and Reuters (through addins such as ). • DDE: 'Dynamic Data Exchange' uses the message passing mechanism in Windows to allow data to flow between Excel and other applications. Although it is easy for users to create such links, programming such links reliably is so difficult that Microsoft, the creators of the system, officially refer to it as 'the protocol from hell'. In spite of its many issues DDE remains the most common way for data to reach traders in financial markets. • Network DDE Extended the protocol to allow spreadsheets on different computers to exchange data. Starting with Windows Vista, Microsoft no longer supports the facility. • Real Time Data: RTD although in many ways technically superior to DDE, has been slow to gain acceptance, since it requires non-trivial programming skills, and when first released was neither adequately documented nor supported by the major data vendors. Alternatively, provides browsing within Microsoft Excel. Export and migration of spreadsheets Programmers have produced to open Excel spreadsheets in a variety of applications and environments other than Microsoft Excel. These include opening Excel documents on the web using either controls, or plugins like the. The project provides libraries for reading and writing Excel spreadsheet files. Is another open-source project that provides server-side generation of Microsoft Excel 2007 spreadsheets. Is a PHP library that converts Excel5, Excel 2003, and Excel 2007 formats into objects for reading and writing within a web application. Is a current developer tool that can enhance Excel's capabilities. Excel spreadsheets can be accessed from with and. And can open Excel spreadsheets from JS. Password protection. Main article: Microsoft Excel protection offers several types of passwords: • Password to open a document • Password to modify a document • Password to unprotect worksheet • Password to protect workbook • Password to protect the sharing workbook All passwords except password to open a document can be removed instantly regardless of Microsoft Excel version used to create the document. These types of passwords are used primarily for shared work on a document. Such password-protected documents are not, and a from a set password is saved in a document’s. Password to protect workbook is an exception – when it is set, a document is encrypted with the standard password “ VelvetSweatshop”, but since it is known to public, it actually does not add any extra protection to the document. The only type of password that can prevent a trespasser from gaining access to a document is password to open a document. The cryptographic strength of this kind of protection depends strongly on the Microsoft Excel version that was used to create the document. In Microsoft Excel 95 and earlier versions, password to open is converted to a 16-bit that can be instantly cracked. In Excel 97/2000 the password is converted to a 40-bit key, which can also be cracked very quickly using modern equipment. As regards services which use (e.g. ), it takes up to several seconds to remove protection. In addition, password-cracking programs can passwords at a rate of hundreds of thousands of passwords a second, which not only lets them decrypt a document, but also find the original password. In Excel 2003/XP the encryption is slightly better – a user can choose any encryption algorithm that is available in the system (see ). Due to the CSP, an Excel file can't be decrypted, and thus the password to open can't be removed, though the brute-force attack speed remains quite high. Nevertheless, the older Excel 97/2000 algorithm is set by the default. Therefore, users who did not changed the default settings lack reliable protection of their documents. The situation changed fundamentally in Excel 2007, where the modern algorithm with a key of 128 bits started being used for decryption, and a 50,000-fold use of the hash function reduced the speed of brute-force attacks down to hundreds of passwords per second. In Excel 2010, the strength of the protection by the default was increased two times due to the use of a 100,000-fold SHA1 to convert a password to a key. Microsoft Excel Viewer Microsoft Excel Viewer is a freeware program for viewing and printing spreadsheet documents created by Excel. Excel Viewer is similar to in functionality. (There is not a current version for the.) Excel Viewer is available for and, such as the. It is also possible to open Excel files using certain online tools and services. [ ]Online excel viewers do not require users to have Microsoft Excel installed. Further information: Other errors specific to Excel include, mod function errors, date limitations and the Excel 2007 error. Statistical functions The accuracy and convenience of statistical tools in Excel has been criticized, as mishandling missing data, as returning incorrect values due to inept handling of round-off and large numbers, as only selectively updating calculations on a spreadsheet when some cell values are changed, and as having a limited set of statistical tools. Microsoft has announced some of these issues are addressed in Excel 2010. Excel MOD function error Excel has issues with. In the case of excessively large results, Excel will return the error warning #NUM! Instead of an answer. Fictional leap day in the year 1900 Excel includes February 29, 1900, incorrectly treating 1900 as a, even though e.g. 2100 is correctly treated as a regular year. The bug originated from (deliberately implemented to save computer memory), and was also purposely implemented in Excel, for the purpose of. This legacy has later been carried over into file format. Thus a (not necessarily whole) number greater than or equal to 61 interpreted as a date and time is the (real) number of days after December 30, 1899, 0:00, a non-negative number less than 60 is the number of days after December 31, 1899, 0:00, and numbers with whole part 60 represent the fictional day. Date range Excel supports dates with years in the range 1900-9999, except that December 31, 1899 can be entered as 0 and is displayed as 0-jan-1900. Converting a fraction of a day into hours, minutes and days by treating it as a moment on the day January 1, 1900, does not work for a negative fraction. Conversion problems Entering text that happens to be in a form that is interpreted as a date, the text can be unintentionally changed to a standard date format. A similar problem occurs when a text happens to be in the form of a floating point notation of a number. In these cases the original exact text cannot be recovered from the result. In the case of entering this is a well known problem in the analysis of, for example in. The problem was first described in 2004. Filenames Microsoft Excel will not open two documents with the same name and instead will display the following error: A document with the name '%s' is already open. You cannot open two documents with the same name, even if the documents are in different folders. To open the second document, either close the document that is currently open, or rename one of the documents. The reason is for calculation ambiguity with linked cells. If there is a cell ='[Book1.xlsx]Sheet1'!$G$33, and there are two books named 'Book1' open, there is no way to tell which one the user means. Numeric precision. Excel maintains 15 figures in its numbers, but they are not always accurate: the bottom line should be the same as the top line. Despite the use of 15-figure precision, Excel can display many more figures (up to thirty) upon user request. But the displayed figures are not those actually used in its computations, and so, for example, the difference of two numbers may differ from the difference of their displayed values. Although such departures are usually beyond the 15th decimal, exceptions do occur, especially for very large or very small numbers. Serious errors can occur if decisions are made based upon automated comparisons of numbers (for example, using the Excel If function), as equality of two numbers can be unpredictable. [ ] In the figure the fraction 1/9000 is displayed in Excel. Although this number has a decimal representation that is an infinite string of ones, Excel displays only the leading 15 figures. In the second line, the number one is added to the fraction, and again Excel displays only 15 figures. In the third line, one is subtracted from the sum using Excel. Because the sum in the second line has only eleven 1's after the decimal, the difference when 1 is subtracted from this displayed value is three 0's followed by a string of eleven 1's. However, the difference reported by Excel in the third line is three 0's followed by a string of thirteen 1's and two extra erroneous digits. This is because Excel calculates with about half a digit more than it displays. Excel works with a modified 1985 version of the. Excel's implementation involves conversions between binary and decimal representations, leading to accuracy that is on average better than one would expect from simple fifteen digit precision, but that can be worse. See the main article for details. Besides accuracy in user computations, the question of accuracy in Excel-provided functions may be raised. Particularly in the arena of statistical functions, Excel has been criticized for sacrificing accuracy for speed of calculation. As many calculations in Excel are executed using, an additional issue is the accuracy of VBA, which varies with variable type and user-requested precision. Content type auto-detection In 2004 scientists reported automatic (and inadvertent) conversion of into dates. A follow-up study in 2016 found many papers had been affected and that 'Of the selected journals, the proportion of published articles with Excel files containing gene lists that are affected by gene name errors is 19.6%. Excel parses the copied and pasted data and sometimes changes them depending on what it thinks they are. For example, gets converted to the date March 1 (1-Mar) and is converted into September 2 (2-Sep) etc. While some secondary news sources reported this as a fault with Excel, the original authors of the 2016 paper placed the blame with the researchers mis-using Excel. Versions Early history Microsoft originally marketed a spreadsheet program called in 1982. Multiplan became very popular on systems, but on systems it lost popularity to. Microsoft released the first version of Excel for the Macintosh on September 30, 1985, and the first Windows version was 2.05 (to synchronize with the Macintosh version 2.2) in November 1987. Lotus was slow to bring 1-2-3 to Windows and by the early 1990s Excel had started to outsell 1-2-3 and helped Microsoft achieve its position as a leading PC software developer. This accomplishment solidified Microsoft as a valid competitor and showed its future of developing software. Microsoft maintained its advantage with regular new releases, every two years or so. Microsoft Windows Excel 2.0 is the first version of Excel for the platform. Versions prior to 2.0 were only available on the Apple Macintosh. Excel 2.0 (1987) The first Windows version was labeled '2' to correspond to the Mac version. This included a run-time version of Windows. In 1989 listed Excel for Windows as among the 'Distinction' winners of the BYTE Awards. The magazine stated that the port of the 'extraordinary' Macintosh version 'shines', with a user interface as good as or better than the original. Excel 3.0 (1990) Included toolbars, drawing capabilities, outlining, add-in support, 3D charts, and many more new features. Excel 4.0 (1992) Introduced auto-fill. Also, an in Excel 4.0 reveals a hidden animation of a dancing set of numbers 1 through 3, representing Lotus 1-2-3, which was then crushed by an Excel logo. Excel 5.0 (1993) With version 5.0, Excel has included (VBA), a programming language based on which adds the ability to automate tasks in Excel and to provide (UDF) for use in worksheets. VBA is a powerful addition to the application and includes a fully featured (IDE). Recording can produce VBA code replicating user actions, thus allowing simple automation of regular tasks. VBA allows the creation of forms and in‑worksheet controls to communicate with the user. The language supports use (but not creation) of () 's; later versions add support for class modules allowing the use of basic techniques. The automation functionality provided by VBA made Excel a target for. This caused serious problems until antivirus products began to detect these viruses. Belatedly took steps to prevent the misuse by adding the ability to disable macros completely, to enable macros when opening a workbook or to trust all macros signed using a trusted certificate. Versions 5.0 to 9.0 of Excel contain various, including a 'Hall of Tortured Souls', although since version 10 has taken measures to eliminate such undocumented features from their products. 5.0 was released in a 16-bit x86 version for Windows 3.1 and later in a 32-bit version for NT 3.51 (x86/Alpha/PowerPC) Excel 95 (v7.0). Microsoft Excel 95 Released in 1995 with, this is the first major version after Excel 5.0, as there is no Excel 6.0 with all of the Office applications standardizing on the same major version number. Internal rewrite to 32-bits. Almost no external changes, but faster and more stable. Excel 97 (v8.0) Included in (for x86 and Alpha). This was a major upgrade that introduced the paper clip office assistant and featured standard VBA used instead of internal Excel Basic. It introduced the now-removed Natural Language labels. This version of Excel includes a flight simulator as an. Excel 2000 (v9.0). Microsoft Excel 2007 Included in. This release was a major upgrade from the previous version. Similar to other updated Office products, Excel in 2007 used the new menu system. This was different from what users were used to, and was met with mixed reactions. One study reported fairly good acceptance by users except highly experienced users and users of word processing applications with a classical, but was less convinced in terms of efficiency and organisation. However, an online survey reported that a majority of respondents had a negative opinion of the change, with advanced users being 'somewhat more negative' than intermediate users, and users reporting a reduction in productivity. Added functionality included the set of editable business diagrams. Also added was an improved management of named variables through the Name Manager, and much improved flexibility in formatting graphs, which allow ( x, y) coordinate labeling and lines of arbitrary weight. Several improvements to pivot tables were introduced. Also like other office products, the file formats were introduced, including.xlsm for a workbook with macros and.xlsx for a workbook without macros. Specifically, many of the size limitations of previous versions were greatly increased. To illustrate, the number of rows was now 1,048,576 (2 20) and columns was 16,384 (2 14; the far-right column is XFD). This changes what is a valid A1 reference versus a named range. This version made more extensive use of multiple cores for the calculation of spreadsheets; however, VBA macros are not handled in parallel and XLL add‑ins were only executed in parallel if they were and this was indicated at registration. Excel 2010 (v14.0). Microsoft Excel 2010 running on Windows 7 Included in, this is the next major version after v12.0, as version.
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