
*What is Microsoft Excel?
Excel is an electronic spreadsheets program that can be used for storing, organizing and manipulating data.
Microsoft Excel has the basic features of all spreadsheets,using a grid of cells arranged in numbered rows and letter-named columns to organize data manipulations like arithmetic operations. It has a battery of supplied functions to answer statistical, engineering and financial needs
*What is spreadsheet modelling?
Spreadsheet modelling is a document built specially for any purposes and in any industry like in financial services, customer services etc. A model can be used to trial possibilities financially without harm in order to check how much is made, leftover, lost etc. Models are good because the formula auto update thus allowing for endless experimenting in business etc. There are many types of models such as Bank/Debt analysis, Business Planning (Budgeting) etc.
*References:
1- http://wiki.answers.com/Q/What_is_a_spreadsheet_model
2- http://spreadsheets.about.com/od/tipsandfaqs/f/excel_use.htm
3- http://en.wikipedia.org/wiki/Microsoft_Excel

