Excel is a commercial spreadsheet application that is developed and distributed by Microsoft. It allows users to compare, contrast, graph, chart, and manipulate data utilizing the various functions of the software. Additionally, it allows the user to to conduct statistical analysis and basic calculation, alongside complex financial models. It has numerous plug-in capabilities with other software products such as Bloomberg, Capital IQ, Crystal Ball, etc. Practical applications include: Basic mathematic applications and financial modeling Financial Valuation Analyses Manipulation of historic financial statements in different formats Interactive access to other software products and their applications Visual Basic capabilities with programing tools Charting and graphing tools of financial data