The document discusses features and functions available in Microsoft Excel and Word, including formulas, logical formulas, date formulas, shortcut keys, pivot tables, auto-filling cells, sorting/filtering data, data validation, conditional formatting, showing formulas, what-if analysis tools like scenario manager and goal seek, and mail merging in Word. Formulas in Excel allow calculations and logical evaluations, while tools like pivot tables, sorting, and filtering allow manipulation and analysis of data. Conditional formatting and data validation enable rules-based formatting and validation of cell values. Mail merging in Word allows populating and printing a standard document with recipient data from an external data source.