Re:Finance Pros Say You’ll Have to Pry Excel Out of Their Co...
by lucozade on Friday December 01, 2017 @06:49AM
(#15823290)
> Excel is a phenomenal accomplishment
Couldn't agree more. It's also a huge, latent liability. In my experience, mostly because it's an opaque data store.
To use the parent's example. Turn's out the $100mm business is actually only worth $80mm because someone had accidentally coded GBPUSD directly into the spreadsheet. Before Brexit was announced. Say goodbye to senior trader.
This sort of thing happens though not as much as it used to as we don't allow Excel in the path that hits the ledger.
Couldn't agree more. It's also a huge, latent liability. In my experience, mostly because it's an opaque data store.
To use the parent's example. Turn's out the $100mm business is actually only worth $80mm because someone had accidentally coded GBPUSD directly into the spreadsheet. Before Brexit was announced. Say goodbye to senior trader.
This sort of thing happens though not as much as it used to as we don't allow Excel in the path that hits the ledger.