Setting up excel services on Sharepoint 2010

I am using sharepoint 2010 enterprise version, and needs some advice with setting up excel services.
When installing sharepoint 2010 enterprise, is the service application for excel services already installed. I see it listed so i assume it is, but is it better to setup a new one with its own application pool.
Also is there any thing you need to configure , or is the out of the box settings fine to work with. I see the trusted file location is set to http://, which includes all specified URL locations as trusted locations to upload workbook from. I
am fine with that with the moment.
But do i need to setup any data connection libraries, not sure what this is for. Also for user-defined fujnction assembly either, or trusted data providers.
So on a site, I can add a new web part, choose business data as the category and then choose the excel web access as the web part, and from their open the tool pane and then upload the workgroup from the document library. That works for me.
But is there anything else i need to setup. Choose want to make sure before i deploy in prod.
Thanks

Hello,
I need help setting up excel services.
Excel service is already running on sharepoint server.
I have one reporting file which is generated by DBA with database connection. i want to upload that file under document library and i want whenever user open it through document library, it gets updated through database connection
This is my first time, so pls guide me
Reporting file has authentication set to --> None
Do i require any specific settings for authentication? like unattended account ? which username should i use
Connection String -->
Provider=SQLOLEDB.1;Integrated Security=SSPI;Persist Security Info=True;User ID=ExcelServices;Initial Catalog=SurveyData;Data Source=jdb1;Use Procedure for Prepare=1;Auto Translate=True;Packet Size=4096;Workstation ID=RSTKW7W-06709;Use Encryption for Data=False;Tag
with column collation when possible=False
http://../training/sptestsite/Medication_Audit_Report
http://../training/sptestsite/Medication_Audit_Data_Connection_Library/
Trusted File Location - is this place do i need to upload that reporting file?
Trusted Data Connection Libraries - is this place do i need to save connection file .odc ?
If i am not wrong, should i put
Trusted File Location = http://../training/sptestsite/Medication_Audit_Report
Trusted Data Connection Libraries = http://../training/sptestsite/Medication_Audit_Data_Connection_Library/
http://../training/sptestsite/Medication_Audit_Report -- Here only reporting file will be uploaded right?
http://../training/sptestsite/Medication_Audit_Data_Connection_Library/ -- Here only database connection .odc file will be uploaded?
what other settings are required. please correct me
my email address - [email protected]
Harsh

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===
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