What is VBA?

VBA which is the acronym for Visual Basic for Applications is an implementation of Microsoft's event-driven software programming language Visual Basic 6, which was announced as a legacy project in 2008, together with its associated integrated development environment (IDE). Although pre .NET Visual Basic programs are no longer supported or updated by Microsoft, the Visual Basic Application programming language was enhanced and upgraded in 2010 with the introduction of Visual Basic for Applications 7 in MS Office applications.

VBA lets the developer to fully customize it beyond what is normally made available with MS Office host applications, VBA is not a stand-alone program for manipulating graphical-user-interface (GUI) features such as menus and toolbars, forms and dialogue boxes. You may use VBA to develop user-defined functions (UDFs), automate specific computer processes and calculations and access Windows application programming interfaces (APIs).

VBA allows you to build user-defined functions (UDFs), automate system processes and access the Windows API and other low-level application functionalities through the use of dynamic-link libraries (DLLs). It oversees and expands on the features and the abilities of earlier application-specific macro programming languages such as Word or WordBASIC. It can be used to handle many aspects of the host OS application, including manipulating various user interface features, such as toolbars and menus, and working with custom user forms, popups and dialog boxes. 

As its name suggests, VBA is related very closely to Visual Basic and it makes use of the Visual Basic Runtime Library. However, VBA program codes can only be run normally inside a host application, rather than as a standalone computer program. VBA however, can control one application from another application by using OLE Automation. For example, VBA can be automatically used to create a Microsoft Word report from Microsoft Excel data that Excel automatically collects from polled sensors. VBA can use features, but not create a new one, ActiveX/COM DLLs, and more recent versions add support for class modules.

VBA is installed by default into most Microsoft Office applications, including Microsoft Office for Mac OS X (except for its 2008 version), and other Microsoft software applications, including Microsoft Visio and Microsoft MapPoint. VBA is also executed, sometimes partially, into software applications that are distributed by other companies other than Microsoft, including AutoCAD, ArcGIS, LibreOffice, CorelDraw, SolidWorks, Reflection, WordPerfect, and UNICOM System_Architect (which supports VBA 7.1).

Features of VBA

Below are some of the features of Visual Basic Applications

1. VBA supports multiple platforms eg Windows, Linux, Mac, etc.

2. VBA has a self-tuning and self-adjusting memory management and memory allocation feature.

3. VBA supports IBM machines.

Benefits of VBA

There are lots of benefits of VBA, and some of them are:

1. Macros in VBA allows you to handle your financial situations professionally, whether you are an accountant, investment bankers, commercial bankers, salesmen, research analysts, traders, clerks, portfolio managers, or administrators to analyze and adjust huge amounts of data quickly.

2. You can use VBA in Excel sheets to develop and maintain pricing, complex trading, and risk-management models to generate financial ratios and forecast sales and earnings.

3. With VBA, you can design various portfolio-management and investment scenarios.

4. You can also make use of VBA to generate lists of customer’s names or any other content, develop invoices, charts, and forms, manage data display for budgets and analyze scientific data, and forecasting.

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