This document summarizes the basic text formatting tools in Microsoft PowerPoint. It discusses the Font and Paragraph groups on the Ribbon which contain tools for formatting fonts, styles, colors, effects, indentation, lists, WordArt, text boxes, spelling and thesaurus. Formatting options include changing font, style, color, size, indentation, bullets, textures, borders, orientation, margins, wrapping, alignment, and default settings for new text boxes. Special effects like shadows, glows, and transformations can also be applied.