Formula Errors and Financial Irregularities in Excel

Formula Errors and Financial Irregularities in Excel

Excel is powerful, but even small formula errors can cause large-scale financial losses.

💣 Real-World Examples

• SUM range missed last row → ₹2 crore discrepancy
• Wrong tax slab used → Overbilling in government report
• Hardcoded values in formula → Misleading variance report

📌 Tips to Prevent These Issues

1. Use Table References to auto-update ranges
2. Highlight formula errors with conditional formatting
3. Audit sheets regularly using Formulas → Trace Dependents

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Insight: 88% of large Excel models have formula errors (Source: Spreadsheet Risk Research).