How can I use Microsoft Office on two user accounts on one IMAc?

Dear all,
I have installed Microsoft Office 2011 on my IMac which I have recently bought. I did this on the (at that time) only user account in place: the administrator account.
A little time after this my wife and I decided it would be much easier to us to make an additional user account on the same computer for my wife (also with administrator rights), so we could have our own settings, desktop preferences etc. So now we have two user accounts/profiles on one Imac, so far so good.
But when my wife signs in on her account, she is not able to use Microsoft Office . Office seems to be only available to the user account on which it has been installed initially: 'my' account.
Can anyone help us out here and tell us how we can make Office available to my wife's user account as well? I understand that the licence of Office is restricted to one computer, but what about two accounts on the same IMac? I mean, it is still one computer, one 'home', one family etc.
We would appreciate your help here!
Kind regards,
Jurjen

As long as you installed MS Office into its default location (the top level /Applications folder) it will be available to all user accounts on the Mac.
As far as licensing is concerned you only have to enter the license code once, which you should do right after installing MS Office, in the same admin account you installed it from, by opening any one of the MS Office applications.  There is no additional licensing required for additional user accounts on the same Mac.
Each user account is able to run the Office apps.  The only thing you will have to do is go through an initial setup screen in each user account (but this setup does NOT involve entering any additional license codes).
You may have problems if you installed MS Office in a particular user account (i.e. NOT in the top level /Applications folder).

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