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Excel and Simulation for Accountants
Author(s) -
Goh Clarence
Publication year - 2018
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.22328
Subject(s) - computer science , simple (philosophy) , ms excel , software , simulation software , software engineering , industrial engineering , accounting , operations research , business , operating system , engineering , philosophy , epistemology
Simulation is an extremely useful decision‐making tool for accountants. While many companies have invested heavily in developing sophisticated software to help them run simulations, simulations can also be run on tools such as Excel. In this article, I will use a simple example to demonstrate how an accountant could use Excel to run simulations. © 2018 Wiley Periodicals, Inc . © 2018 Wiley Periodicals, Inc.