Is it more convenient to use MS Excel Pivot Table to prepare a financial statements?

Pivot Table

Since that Microsoft added pivot tables for the first time one of the most attractive and frequently used Alkhais For users of Excel.

Pivot tables allow you to create groups and totals for whatever you want and imagine different arrangements for your data to be shown in a report in the form of an adjustable with ease tables and tables you can embed on any page you want to work or put it in a page independent work.

It uses the pivot table with the menus to display the data in easy access to the information as soon as meditation in the tables so-called pivot table report ... and is ideal for use during explaining the existing data in conferences and lectures, for ease amended.

For me it is more convenient and reliable to use table mapping and SUMIFS function to prepare financial statments.

first of all understanding the financial terms is what is necessary. pivot and excel are only the tools of representing the analysis made. 

you can use the pivot tables only for management reporting, in more advanced power query , power pivot and power can be used for advanced type of management reporting