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What is VBA for Excel? Here’s Everything You Need To Know

Peak Frameworks

For example, in 2013, JPMorgan used VBA to build a custom model to forecast loan losses, which helped them save time and improve accuracy. VBA in the Context of Finance In finance, VBA for Excel is commonly used for financial modeling, forecasting, data analysis, and automation of repetitive tasks.

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Tax Accounting

Wall Street Mojo

Types The reason for doing Income Tax accounting is arriving at taxable profit and tax payable by making adjustments in the book profit arrived by accounting principles. All these working and adjustments form part of the Tax return, and these statements are kept for Tax audits. read more , and taxable profit arises due to a timing issue.