Excel's Data Validation is one of the more underutilised and understated features in Microsoft's spreadsheet application. Surprisingly, it is underemployed even by many expert Excel and financial model users, as a means to restrict data inputs into cells and improve the viability of a financial spreadsheet.
Quite simply it is a great, VBA macro-free tool, in which to improve the internal controls and corporate governance surrounding the management of a financial model.
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