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ACCT 628
Sanders
30
Accounting
Graduate
07/08/2011

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Cards

Term
what if analysis
Definition
using a worksheet to explore different outcomes for Excel formuals
Term
model
Definition
worksheet you use to produce a what if analysis
Term
model
Definition
acts as the basis for multiple outcomes, or sets of results
Term
input cells
Definition
cells that contain data rather than formulas
Term
dependent cell
Definition
usually contains a formual whose resulting value changes depending on the values in the input cells
Term
The Excel Goal Seek feature
Definition
useful when you have a specific solution or goal in mind and you want to determine what input values will be needed to achieve that goal
Term
data tables
Definition
use _____________ to see the effects of one or two variables on a formula
Term
What-if analysis
Definition
is the process of changing the values in cells to see how those changes will affect the outcome of formulas on the worksheet.
Term
Scenarios and data tables
Definition
take sets of input values and determine possible results.
Term
data table
Definition
If you have a formula that uses one or two variables, or multiple formulas that all use one common variable, you can use a ______ to see all the outcomes in one place
Term
5 Characteristics of a good model
Definition
1. Accuracy
2. Simplicity
3. Ease of Control
4. Adaptiveness
5. Ease of Communication
Term
5 Steps to developing a model
Definition
1. Understand the problem
2. Plan the logic
3. Build the model
4. Test the model
5. Use the model
Term
convert to range
Definition
Which option must be chosen before subtotals can be generated on a table?
Term
Inputs must meet a certain criteria to be capable of being entered into the field.
B. The use of a drop-down box for the only allowed options.
C. Users are provided an error message stating why their entries aren't permitted.
Definition
What options are available with the use of data validation?
Term
DAverage
B. Subtotal
C. Pivottable
Definition
average numbers according to a particular field value
Term
macro
Definition
set of instructions that performs tasks in the order you specify
Term
program code
Definition
program instructions
Term
module
Definition
program code container (where each macro is stored)
Term
visual basic editor
Definition
a program that lets you display and edit your macro code
Term
toggle
Definition
off/on switch for relative refrencing in macros; retains the relative reference setting until you click it again to turn it off or you exit excel
Term
personal macro workbook
Definition
excel file that is always available, unless you specify otherwise, and gives you access to all the macros it contains, regardless of which workbooks are open
Term
convert text to columns
Definition
breaks data fields in one column into separate columns
Term
sumif function
Definition
conditionally totals cells in a sum range that meet given criteria
Term
consolidate
Definition
combine and display the data in one sheet; summzarize similar data that exists in different sheets or workbooks
Term
logical formula
Definition
makes calculations based on criteria that you create (called stated conditions)
Term
logical test
Definition
a contion that can be answered with a true or false response
Term
records
Definition
a table is organized into rows called:
Term
record
Definition
contains data about an object, person, or other type of table item
Term
fields
Definition
records are com,posed of :
Term
fields
Definition
columns in the table; describes a characteristic of the record
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