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In this video tutorial, the importance of adding superscript numbers to create footnotes in financial reports is emphasized. Footnotes provide additional information or context for numbers in tables or graphs. To create superscript numbers in Excel, highlight the desired number, access the font settings in the home ribbon, check the superscript box, and click OK. This easily formats the number as superscript. However, this method does not work for numbers in cells with actual numerical values.