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GeneralRe: Excel worries me Pin
Colborne_Greg21-Mar-14 5:44
Colborne_Greg21-Mar-14 5:44 
GeneralRe: Excel worries me Pin
jschell21-Mar-14 9:25
jschell21-Mar-14 9:25 
GeneralRe: Excel worries me Pin
Plamen Dragiyski21-Mar-14 12:20
professionalPlamen Dragiyski21-Mar-14 12:20 
GeneralRe: Excel worries me Pin
RafagaX21-Mar-14 12:36
professionalRafagaX21-Mar-14 12:36 
GeneralRe: Excel worries me Pin
obermd21-Mar-14 13:46
obermd21-Mar-14 13:46 
GeneralRe: Excel worries me Pin
John Huff21-Mar-14 21:18
John Huff21-Mar-14 21:18 
GeneralRe: Excel worries me Pin
grralph122-Mar-14 1:05
grralph122-Mar-14 1:05 
GeneralRe: Excel worries me Pin
Daniel Pfeffer24-Mar-14 23:55
professionalDaniel Pfeffer24-Mar-14 23:55 
I don't know about the USA, but in the EU - all financial calculations must be performed in DECIMAL arithmetic with a specific accuracy (IIRC, 5 digits after the decimal point). Rounding is also performed using a specific algorithm (IIRC - rounding after conversions from legacy currencies had to be performed as "round to nearest or away from zero").

Excel's calculation method does not satisfy any of these requirements, so no large company based in the EU would use Excel for record keeping.

I grant you that when programming financial models, rounding errors can accumulate catastrophically and give totally bogus results. The first part of the solution to this is a good course in Numerical Analysis...
NewsHappy New YEAR (Nowruz) Pin
Amir Mohammad Nasrollahi20-Mar-14 6:30
Amir Mohammad Nasrollahi20-Mar-14 6:30 
GeneralRe: Happy New YEAR (Nowruz) Pin
OriginalGriff20-Mar-14 7:12
mveOriginalGriff20-Mar-14 7:12 
AnswerRe: Happy New YEAR (Nowruz) Pin
Amir Mohammad Nasrollahi20-Mar-14 8:15
Amir Mohammad Nasrollahi20-Mar-14 8:15 
GeneralRe: Happy New YEAR (Nowruz) Pin
OriginalGriff20-Mar-14 8:59
mveOriginalGriff20-Mar-14 8:59 
GeneralRe: Happy New YEAR (Nowruz) Pin
Amir Mohammad Nasrollahi20-Mar-14 9:55
Amir Mohammad Nasrollahi20-Mar-14 9:55 
GeneralRe: Happy New YEAR (Nowruz) Pin
ravikhoda20-Mar-14 18:50
professionalravikhoda20-Mar-14 18:50 
GeneralRe: Happy New YEAR (Nowruz) Pin
Amir Mohammad Nasrollahi20-Mar-14 20:13
Amir Mohammad Nasrollahi20-Mar-14 20:13 
GeneralRe: Happy New YEAR (Nowruz) Pin
Richard MacCutchan20-Mar-14 23:09
mveRichard MacCutchan20-Mar-14 23:09 
GeneralRe: Happy New YEAR (Nowruz) Pin
Dinesh.V.Kumar20-Mar-14 19:06
Dinesh.V.Kumar20-Mar-14 19:06 
GeneralRe: Happy New YEAR (Nowruz) Pin
Amir Mohammad Nasrollahi20-Mar-14 20:13
Amir Mohammad Nasrollahi20-Mar-14 20:13 
GeneralYeah...you got my word....... IN 2 MINUTES! Pin
Govindaraj Rangaraj20-Mar-14 5:46
Govindaraj Rangaraj20-Mar-14 5:46 
GeneralRe: Yeah...you got my word....... IN 2 MINUTES! Pin
Argonia20-Mar-14 6:14
professionalArgonia20-Mar-14 6:14 
GeneralRe: Yeah...you got my word....... IN 2 MINUTES! Pin
OriginalGriff20-Mar-14 6:18
mveOriginalGriff20-Mar-14 6:18 
GeneralRe: Yeah...you got my word....... IN 2 MINUTES! Pin
jeron120-Mar-14 6:51
jeron120-Mar-14 6:51 
GeneralRe: Yeah...you got my word....... IN 2 MINUTES! Pin
Ernst Iliov Stavro Blofeld20-Mar-14 6:51
Ernst Iliov Stavro Blofeld20-Mar-14 6:51 
GeneralFirst day of spring and vernal equinox today Pin
Mike Hankey20-Mar-14 4:03
mveMike Hankey20-Mar-14 4:03 
GeneralRe: First day of spring and vernal equinox today Pin
Nagy Vilmos20-Mar-14 4:08
professionalNagy Vilmos20-Mar-14 4:08 

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