INTHEBLACK April 2025 - Magazine - Page 60
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THE PARETO PRINCIPLE
Excel has many built-in features and functions that enable
Pareto analysis, which allows accountants and finance
professionals to identify the most important areas of data
to focus on to maximise effort.
The Pareto Principle (also commonly known as the 80-20 rule or “the law
of the vital few”) states that 80 per cent of results come from 20 per cent
of causes. This principle can help to identify the areas of data that need
focus, as well as areas that can be ignored.
Excel has incorporated Pareto analysis into many of its features.
Read the full article
The Pareto Principle
INTHEBLACK, Neale Blackwood CPA: Excel Tips — The Pareto Principle
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60 INTHEBLACK April 2025
NEALE BLACKWOOD CPA
