For cases when you rename Excel something application specific in a Workbook_Open event, like "Financial Management System" and don't want Excel to retain that name when the workbook is closed, you rename it when you close it in a Workbook_BeforeClose event.
I usually use something sophmoric like "Macrosofa XL"
Yes, that's a little clearer thanks, but the reason I asked is that the part quoted seemed to have no effect. I left it in place, but the workbook still opened as I had renamed it, i.e. it didn't cancel the first action.