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Spreadsheet Check and Control
 
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Spreadsheet Check and Control [Paperback]

Patrick R O'Beirne (Author)
4.2 out of 5 stars  See all reviews (8 customer reviews)

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Book Description

September 1, 2005
This spreadsheet book is quite different from every other book on Microsoft Excel. If spreadsheet users had a driving licence, this would be their seat belt, air bag, navigation aid, repair kit, hazard indicators, and the rules of the road.

This new book describes how to produce well-crafted spreadsheets that are easy to understand, maintain, audit, and operate. It shows how to ensure data quality and accuracy and protect against formula and operational errors.

Each of the 47 techniques is explained with examples and has a self-test practical question with answers at the back of the book. The book¡¦s support web site provides sample spreadsheets for these tests.

The material gives spreadsheet users more confidence in their work, and saves time chasing and fixing easily preventable errors. Those whose job is to check the work of others, whether they are software testers or auditors, will learn formula auditing techniques and be able to reveal hidden data and formulas. This book should be adopted by organizations concerned to reduce compliance costs by being able to demonstrate management of material risks and increase controls on spreadsheet based financial reporting.


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Editorial Reviews

Review

'Probably one of the most important spreadsheet books ever written; probably equivalent to 500 pages in many other books.' -- Simon Murphy, Codematic.net, author of XLAnalyst.

O'Beirne taught me some new tricks and methods that both helped me build better financial models and track down errors. -- Simon Benninga, author of Financial Modeling,and Principles of Finance with Excel

This book provides standards for designing spreadsheets that lend themselves to a logical review by management and internal auditors. -- Jim Kaplan, AuditNet.org

¡¥It is excellent. I think it will become, and it should be, required reading for all young trainee accountants.¡¦ -- Ciaran Walsh, senior finance specialist, Irish Management Institute.

¡¥It's super. I kept saying to myself, ¡§Wow, I didn't know you could do that.¡¨ A great job.¡¦ -- Ray Panko, University of Hawai¡¥i.

From the Publisher

Summary of contents

It begins with the process of design, specification techniques, the use of appropriate documentation, security, backup, protection, and the development of conventions, formats and internal corporate standards.

It recommends how to setup a spreadsheet, to construct and simplify the basic building blocks of formulas, workbook settings, and range names. It shows how to check for unusual settings, for example with rounding and precision, which are the source of traps for the unwary (¡¥gotchas¡¦).

A key section on debugging shows how to identify the causes of error values, methods of error handling, and how to detect missing inputs and calculations. It explains how common mistakes arise when structural changes are made, and common problems with known error-prone formulas and external links. It shows how to discover inconsistencies and mistakes, correct them, recover from incorrect operations, and create self-checking formulas.

The display section shows how to uncover hidden and obscured data and formatting, how to discover problems with data types, and incorrect sorting and queries in database ranges. The use and abuse of charts is illustrated.

The most important yet least practiced skill is of spreadsheet testing and review. Worked examples show how to create and run test cases, and how to build in cross-checks for internal control. Auditing techniques are described such as how to reveal hidden formulas, rows, columns, worksheets. Data integrity and validation are described. Appendices summarise error checking, keyboard shortcuts, websites, software tools, the answers to the ¡¥Check your knowledge¡¦ questions, and an index.


Product Details

  • Paperback: 204 pages
  • Publisher: Systems Publishing (September 1, 2005)
  • Language: English
  • ISBN-10: 190540400X
  • ISBN-13: 978-1905404001
  • Product Dimensions: 9.2 x 7.5 x 0.4 inches
  • Shipping Weight: 12.6 ounces (View shipping rates and policies)
  • Average Customer Review: 4.2 out of 5 stars  See all reviews (8 customer reviews)
  • Amazon Best Sellers Rank: #1,018,936 in Books (See Top 100 in Books)

More About the Author

Patrick is Managing Director of Systems Modelling Limited since 1981. His current focus is spreadsheet systems modelling and auditing services as well as IT consultancy. He is 2005-2006 chair of the European Spreadsheet Risks Interest Group (EuSpRIG) and of SoftTest Ireland, and a Fellow of the Irish Computer Society. He advised the ECDL Foundation on the content of a syllabus for a new certification in good spreadsheet practices. His latest book is "Spreadsheet Check and Control" (Systems Publishing, 2005, ISBN 190540400X)
He was an Expert Advisor to the European Commission during the first euro currency conversion of 12 member states. He provided presentations and tutorials internationally, changeover consulting and compliance auditing. He is an approved software tester to the BASDA standard for EMU compliance, and contributed advice and converter testing services to the national Euro Business Awareness Campaign of Ireland. His book "Managing the Euro in Information Systems; Strategies for Successful Changeover" was published by Addison Wesley in August 1999, ISBN 0201604825.
His long career spans many facets of software systems development, testing, and training. He is a director of the Informatics Development Institute which managed the TRINET FP5 project to provide remote regions with access to the world-wide Internet via low-earth-orbiting satellites. During the Year 2000(Y2K) project wave he wrote many articles, spoke internationally, consulted, and audited projects. Prior to that he gained a certification as a TickIT ISO9000 auditor, and he promoted software development process improvement using the Personal Software Process. He lectured on Quantitative Methods and I.T. training in the Irish Management Institute, in computer applications at the Management Science School of the Department of Statistics in Trinity College Dublin.
Prior to setting up Systems Modelling Ltd he worked as a business analyst in Operations Research for Irish Fertiliser Industries, applying linear programming for production optimisation and project financial modelling,
His interest is in practical, effective solutions to systems problems, with a focus on the real objectives to be attained. Project references are available on request.
Contact details:
Telephone: (+353)(0)5394 22294
Fax: +353 5394 22165

 

Customer Reviews

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Average Customer Review
4.2 out of 5 stars (8 customer reviews)
 
 
 
 
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10 of 10 people found the following review helpful:
5.0 out of 5 stars Valuable book, November 24, 2005
This review is from: Spreadsheet Check and Control (Paperback)
Spreadsheet Check and Control addresses a woefully underrepresented aspect of information security, namely integrity. Whether in the hands of ordinary untrained computer users or professional software developers, spreadsheets are deceptively easy to program and all too easy to program incorrectly. The author provides a compelling and clearly-written set of tips and techniques for finding and resolving programming errors that, unchecked, could cause serious consequences. The `47 key practices' noted in the subtitle are collected under headings such as fundamentals (3 key practices), error identification (4 practices) and error correction (11 practices), all within chapter 3 on calculation. Previous chapters cover specification and inputs, the remainder cover outputs and review.
The reader is given just enough explanatory information to understand the issue at hand, followed by advice on how to avoid or fix the problem. There are numerous examples throughout the text, illustrated with Microsoft Excel screenshots (the reader can download the same example spreadsheets from the author's website to try out the techniques described). There are review questions at the end of each of the key practices with answers provided at the end of the book, and a good selection of annotated hyperlinks to further information sources.
Many of the practices are accompanied by relevant case studies - real world security incidents drawn from sources such as the RISKS list managed by Peter Neumann (http://catless.ncl.ac.uk/Risks) and a number of public audit reports which identified spreadsheet errors. It focuses the mind to realize that a simple spreadsheet mistake can lead to errors amounting to millions of dollars.
This is definitely a practitioner's book, not a theoretical or academic tome. With minimal preamble, each section gets quickly down to the nitty-gritty tools and techniques of finding and eliminating errors. The writing style is clear and easy to read.
Save red faces all round by buying, absorbing and passing-on this book, especially if you personally develop spreadsheets or if your organization is subject to Sarbanes Oxley and related regulations. Avoiding even a trivial spreadsheet mistake may well pay for the book. Avoiding a large one may save your career.
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8 of 8 people found the following review helpful:
5.0 out of 5 stars Better spreadsheets through simple checks!, October 31, 2005
This review is from: Spreadsheet Check and Control (Paperback)
Although this book was written with the syllabus of The European Computer Driving Licence (ECDL) in mind, its quality and depth far surpass any expectations that may be implied by that fact. Patrick O'Beirne's wide experience of spreadsheet pitfalls and risk is apparent at every turn, resulting in a serious discussion of how best to avoid business disasters based on inaccurate and erroneous Excel models.

Microsoft Excel - and other spreadsheet programmes - allows the creation of models of infinite complexity. The main advantage of Excel - an easy-to-use, almost intuitive, "programming" interface - is potentially its main disadvantage. Spreadsheets get started quickly and may or may not be properly maintained. Complex calculations can be resolved in a cell-by-cell iterative manner, making error location difficult. Solutions tend to be extended over time - often by different people - which compounds the problem. A myriad of pre-packaged functions is available, but the choice of the appropriate - or inappropriate - function is entirely at the developer's discretion.

Spreadsheet Check and Control addresses all of these issues by providing succinct, down-to-earth tips on the basics of spreadsheet working:
* Specification - define what you're trying to do, record sources of information
* Security - avoid breaking a working version, making sure everyone is using the correct version, the use of passwords and their limitation
* Style - managing constants, units of measurement etc for consistency, handling unwieldy formulae

The discussion on Calculation addresses the fundamentals, such as the precedence of mathematical operators, circular references, and the particular quirks of arrays in Excel. Valuable hints on finding and identifying errors are provided followed by detailed descriptions of various error types and explicit tips for their correction. Obviously, if the developer understands the generic cause of an error type, then finding the offending formula or data for a specific instance is a much more efficient process. Given that the nature of the Excel beast results in error displays that are often "separated in time and space" from the original cause, the guidance provided here will significantly reduce error tracking effort.

The section on Output includes the mandatory hints on charting, but the pitfalls associated with cell formats provide answers to some fascinating questions: When is a number not a number? Are invisible cells seen by some? When is 100% not 100%? When did John Smith change his name? When is a database not a database?

Although it was common enough in the early days of programming, no one today would claim that a software programme was completed without some degree of formal testing. Yet spreadsheets are constantly being modified and altered - not just before that important meeting, but actually in the meeting! - without much awareness of the need to test the quality of the changed model. Patrick's work as Chairman of the European Spreadsheet Risk Interest Group (EuSpRIG) provides him with numerous examples and anecdotes of just how horribly wrong things can go as a result. The Review section of the book addresses the key areas of data integrity and functional correctness and is quite simply a "must read".

The Appendices provide useful information, but my favourite is the list of websites and software tools, which provide all the links the user needs to pursue the topic of Spreadsheet Check and Control further.

If you need useful, practical advice on building better spreadsheets, then this book is for you.

If you need to have confidence in the models that your colleagues and employees build, then this is the ideal present for them.

My only gripe has nothing to do with the book, but with the fact the Microsoft do a relatively good job of translating function names and arguments. As a result, it does require some additional brainpower to get the best of Patrick's tips if you're using a foreign language version of Excel.

Colm Toolan, Business Architect..
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8 of 9 people found the following review helpful:
5.0 out of 5 stars Beginning to End - Better Spreadsheets, November 21, 2005
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This review is from: Spreadsheet Check and Control (Paperback)
Whether your a beginner or a seasoned pro, I would recommend this book. It is not collecting dust on my bookshelf. This is one of the first books I have read that took me from pre-design to maintaining the finished product. The book gave me proven design principles that will prevent many of the common pitfalls of my spreadsheet models.

One of the first things I noticed was how the book took me from the preparation before design - to getting the data in - to error checking, with an in-depth look at calculations and functions - to the finished presentation of the data. The book was an easy read, not filled with lengthy technical jargon.

Spreadsheet Check and Control will be a great addition to your collection, as it is to mine.
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