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Excel spreadsheets in School budgeting - a cautionary tale (2001)

Posted by AccountingWEB in Financial reporting, Technology, Excel on Sun, 18/06/2006 - 02:45

School governor Peter Wolstenholme provided AccountingWEB members with a cautionary tale of the dangers that can lurk unseen within budget documents constructed with Excel.

In a posting on AccountingWEB's Any Answers section Wolstenholme explained how his school faced a £30,000 shortfall because values in a budget spreadsheet had not been added up correctly.

With help from several of AccountingWEB's Excel gurus, he managed to identify the underlying problem was due to budget f

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