Short responses - Assignment Example

Information Gathering Part Budget making is an essential data recording activity for many individuals who want to regulate and register the flow of their hard earned money. I plan my budget on a monthly basis to record my earnings and expenditures to prevent myself from overspending. I organize the data under broader subcategories of earnings and expenditures which includes various expenses including food, clothing, entertainment, tuition fees, rent, and so on. This categorization allows me to have a clear idea of my expenses and lets me adjust my spending to keep track of my current balances.

I use Microsoft Excel for budgeting as it includes simple formulas for the calculations, which is why accountants also use spreadsheets for advanced budget calculations (Coy, Nelson, Buchanan and Fisher, 1998). Researchers also use spreadsheets to organize large data and this helps them to analyze data to draw meaningful conclusions from the raw data (“Using Spreadsheet”, 2013).Part 2Grocery shopping lists always involve numerous goods and items which become perplexing if not handled well.

To avoid confusion and losing money on unnecessary items, I use Google Drive to create a list of items I need to buy. Google Docs provides grocery list templates which make grocery shopping easier and simpler (“Using Google Docs”, 2013). Listing my grocery items on a spreadsheet prevents me from missing on an item and helps me plan my weekly budget on food. Spreadsheets allow the organization of data to help in the analysis of these data which is particularly useful for researchers. This helps them import the data to spreadsheet software which carries out calculations on the data for statistical analysis (Meyers & Gamst et al., 2006). Works CitedCoy, D.

, Nelson, M., Buchanan, J., Fisher, J. & Taylor, D. (1998). Spreadsheet use by accountants: Australia, Canada and New Zealand compared. 25-28.Meyers, L., Gamst, G. & Guarino, A. (2006). Applied multivariate research. Thousand Oaks: Sage Publications.Once a Month Meals (2013). Using Google Docs. [online] Retrieved from: http://onceamonthmeals.com/using-google-docs/ [Accessed: 6 Dec 2013].University of Wisconsin-Madison (2013). Using Spreadsheets. [online] Retrieved from: http://researchdata.wisc.

edu/manage-your-data/spreadsheets/ [Accessed: 6 Dec 2013].