7/11/22, 8:26 PM Visual Basic for Applications (VBA) Definition

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Visual Basic for Applications (VBA)

By
WILL KENTON
Updated August 27, 2020
Reviewed by
ERIC ESTEVEZ

Visual Basic for Applications (VBA) is part of Microsoft Corporation's (NASDAQ:

MSFT) legacy software, Visual Basic, which Microsoft built to help write
programs for the Windows operating system. Visual Basic for Applications runs
as an internal programming language in Microsoft Office (MS Office, Office)
applications such as Access, Excel, PowerPoint, Publisher, Word, and Visio.

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

More About Visual Basic for Applications

VBA is an event-driven tool, which means that you can use it to tell the
computer to initiate an action or string of actions. To do this, you build custom
macros—short for macroinstructions—by typing commands into an editing
module.

A macro is essentially a sequence of characters whose input results in another

sequence of characters (its output) that accomplishes specific computing tasks.
You do not need to purchase the VBA software because VBA is the version of
Visual Basic that ships with Microsoft Office 2010.

Important: Visual Basic for Applications is the only version of VB 6
that is still sold and supported by Microsoft, and only as an internal
component of Office programs. 

How Is VBA Used?

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For Most of Us

Within MS Office applications, Visual Basic for Applications allows users to

perform myriad functions that go beyond simple word processing and
spreadsheet operations. For the typical user, VBA helps to make frequent
everyday tasks less repetitive via macros.

Macros can automate just about any task—like generating customized charts
and reports, and performing word- and data-processing functions. For example,
you can write a macro that, with a single click, will make Excel create an entire
balance sheet from a series of accounting entries in a spreadsheet.

For Computer Professionals

Programmers, however, use macros in more complex ways—like replicating
large pieces of code, merging existing program functions, and designing specific
languages.

For Companies and Organizations

VBA can also work in external—that is, non-Microsoft—settings by using a
technology called COM interface, which allows commands to interact across
computer boundaries. Many firms have implemented VBA within their own
applications, both proprietary and commercial, including AutoCAD, ArcGIS,
CATIA, Corel, raw, and SolidWorks.

Any firm may use VBA to customize Excel for a unique purpose, such as
discerning how long it would take to earn $1 million in an investment portfolio
based on a specific interest rate and other factors, like the number of years until
retirement.

KEY TAKEAWAYS
Visual Basic for Applications is a computer programming language
developed and owned by Microsoft.
With VBA you can create macros to automate repetitive word- and
data-processing functions, and generate custom forms, graphs, and
reports.
VBA functions within MS Office applications; it is not a stand-alone
d t
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product.

An Example of VBA in Financial Markets

How VBA Is Ubiquitous in Finance
At its core, finance is about manipulating huge amounts of data; hence, VBA is
endemic to the financial services sector. If you work in finance, VBA is likely
running within applications that you use each day, whether you're aware of it or
not. Some jobs in the sector require prior knowledge of VBA, and some do not.

Either way, if you want to pursue a career in finance, it's important that you
know the latest technological trends in your domain, and how to use
automation in your day-to-day activities. Because VBA is user-intuitive, those
with little or no computer programming knowledge can learn it easily.

Ways That Finance Professionals Use VBA

Macros allow financial professionals—whether accountants, commercial
bankers, investment bankers, research analysts, salesmen, traders, portfolio
managers, clerks, or administrators—to analyze and adjust huge amounts of
data quickly.
You can use VBA in Excel to create and maintain complex trading, pricing,
and risk-management models, forecast sales and earnings, and to generate
financial ratios.
With Visual Basic for Applications, you can create various portfolio-
management and investment scenarios.
You also may use VBA to produce lists of customers’ names or any other
content; create invoices, forms, and charts; analyze scientific data, and
manage data display for budgets and forecasting.

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