1. The document discusses various formatting tools in PowerPoint including choosing fonts, font sizes, applying font colors, copying character formats, creating numbered lists, inserting word art graphics, adding text boxes, and checking spelling.
2. It provides instructions for using different formatting options like auto-fit text, changing fill colors, applying effects, orienting and aligning text, and setting margins in text boxes.
3. Formatting tools can be used to emphasize text, apply decorative effects, and control the appearance and placement of text on slides.