Discuss (with examples) the importance and its application of spreadsheet excel and spreadsheet modelling in the business context?

A study by Ragland and Ramachandran (2014) in the Journal of Accounting Education found that spreadsheet excel is one of the most common analytical tools used by accountant. For those in public accounting, proficiency in spreadsheet excel is especially important given the volume of data from client’s enterprise resource planning system that they have to analyse.

Required:

From your understanding, discuss (with examples) the importance and its application of spreadsheet excel and spreadsheet modelling in the business context?

Format:
Text: Verdana, 11
Spacing: 1.5

Customer’s note: make sure when answering the question you provide EXAMPLES and reference them appropriately please.

References:
Harvard style, only from academic sources (google scholar and etc.)
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