CHARTS are the graphic representation of any data . As we know that EXCEL is a super analytical tool.
Analysis of data is the process of deriving the inferences by finding out the trends, averages etc. about different parameters.
In this article we are going to discuss about the new WATERFALL CHARTS.
WATERFALL CHARTS are used for a particular situation when we need to see the intermediate values too, before arriving to a final value.
For Example, This charts starts with the zero and shows the positive as well as negative values shown by the floating columns of different colours, and final column shows the resultant value.
If we try to create a balance sheet using this type of chart, we can derive the net profit as the final value after adding up and deducting the various INs and OUTs of the business.
Let us check the procedure to insert a WATERFALL CHART in EXCEL
The button for column chart is found under the INSERT TAB under the CHARTS SECTION.
|PAID SCHOOL FEE||-2000|
The procedure to insert a waterfall chart are as follows:
So , we have successfully created a waterfall chart.
The chart show the income as the blue column [ positive values ] and expenditures with the red columns [negative values].
We can see the net amount left is shown with a blue column of the value 2000.
FOR ALL OTHER TASKS LIKE CHANGING THE NAME OF THE CHART, CHANGING THE AXIS , CHANGING THE CHART STYLE ETC. VISIT HERE [HOW TO CREATE A CHART IN EXCEL].
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