Excel allows a user to organize data into groups. This enables the user to easily hide or show some sections of the worksheet according to their preference. In addition, the user can summarize a variety of groups with the aid of subtotal command. The user can also come up with an outline for their worksheet.
An example where group summation tool applies
The user can sort names under first name, last name and other name column. He/she can decide which column to hide or show.
The consolidation tool enables an excel user to modify or change variables such that they can observe or notice the effect of the change or modification on the final outcome or result of a particular computation. More often, big businesses and companies make use of the consolidation tool to observe the effects of some assumptions mainly concerning future market trends and profits. This process enables the companies and business to compare how some changes would affect the outcome.
Group summation and consolidation tools have related characteristics but they are neither similar nor they perform the same functions. Every tool is used under a different and specific case. Some tools found on excel include scenarios, goal seek and data tables. Data tables and scenarios are used in determining possible results of certain input values.
The consolidation tool enables the user to input different values for a specific formula. The different values are known as scenarios.
An example of consolidation tool application.
Person X sells bags and has 200 bags in their store. X can sell 30% of their bags at $25 and the remaining 70% at $20. X can opt for a scenario where they sell 100% of their bags at $22 and this can be done using consolidation tool
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