Control your Excel spreadsheets!
Consider these shocking stories on how a simple Excel error can cause you sleepless nights:
- A cut and paste error cost TransAlta $24 mil when it underbid an electricity supply contract.
- A missing minus sign caused Fidelity Magellan Fund to overstate projected earnings by $2.6 bil and miss a promised dividend.
- Falsely linked spreadsheets permitted fraud totalling $700 mil at Allied Irish Bank.
We tend to use Excel spreadsheets like pieces of paper without care and consideration. I’m willing to bet that many of our most important Excel spreadsheets have material errors.
Learn more about our Excel training program Robust Spreadsheets with Checks and Controls.
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