Balance is Key

Our latest lesson in IS230 (Advanced Spreadhseets & Databases) was about functions that deal with financial planning and accounting. In this chapter, we've learned about the efficiency of linking worksheets that are related to each other. Moreover, I have realized the importance of keeping these linked worksheets updated to ensure the accuracy of our data.

I have found this particular topic quite interesting as I have already taken a few accounting classes during my past semesters here at the LDS Business College. I have often wondered if there was a way to link the data together so I won't have to key in the figures manually. And so I'm quite glad to know now that there is such a way! (:

In addition to this, I have come across a concept, which I have learned from my FIN101 class, i.e. the NPV function. NPV, which stands for Net Present Value, is an essential function that helps financial analysts determine whether a sound investment was made or not. The linked worksheets enable financial analysts and users alike to easily change the values (e.g., percentages), make certain assumptions, and determine which is the best combination of values to use.

One key principle that I have noted while doing the exercises on financial accounting analysis is the importance of ensuring that debits equal credits (DR=CR). Balance is key. This vital principle not only applies in accounting, but more importantly, in real life. We live in a modern day world of excess wants and overindulgence. And we fail to recognize that what we really need is balance (in all aspects) in order to find happiness, contentment, and peace in our lives. And we need to find that which will remind us to always seek for this balance. As for me, the Gospel of Jesus Christ keeps me in focus of the things that really matter.

How do YOU find your balance in life?