What’s in the electronic toolbox?
If you sneak into the office of a financial whiz, you will find only one real tool – a PC with spreadsheet software such as Microsoft Excel. PCs used by real beanies will also contain an electronic accounting package, which we will discuss in Chapter 7. If you look really hard, you will find some other software to help with obscure calculations. Beyond this, everything else is obsolete or obsolescent. Calculators, adding machines and look-up tables are still used sometimes, but the humble spreadsheet fulfils their roles and does much more. Even reference books containing hard-to-remember formulas are unnecessary, because spreadsheet software generously provides the formulas in built-in crib sheets.
However, if ...
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