Discussion Assignment Example | Topics and Well Written Essays - 250 words - 63

Discussion - Assignment ExampleSpreadsheet is also very easy to be configured for personal and professional usage (Protiviti, Spreadsheet Risk Management Rost 1-5).Spreadsheet is an important application for financial as well as operational reporting procedure in organizations. In this context, spreadsheet is applied for different purposes that intromit account settlement, transaction conclusions and making the business models (Protiviti, Spreadsheet Risk Management). Additionally, it assists in managing the payroll and other connect business operations in an effective manner. In the current complex business scenario, spreadsheet is used for managing compliance, luck as well as governance (Rost 1-5).Spreadsheet is also identified to possess certain limitation that nominate affect the performance of an organization largely. Spreadsheet is unreliable, as unauthorized users can access financial information without an approval, which raises surety risk. Error in formulas of the sprea dsheet can raise disputes for computing financial information (Rost 1-5).In this context, there should be software related to risk anxiety, which will provide the embedded information with an expert solution. The risk management software would manage the risk level associated with spreadsheet. In this respect, spreadsheet with the integration of risk management software would be effective in managing data with better integrity as well as reliability (Rost