EXCEL PROJECT: PROJECTING FINANCIAL STATEMENTS ASSIGNMENT INSTRUCTIONS<\/p>\n
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OVERVIEW<\/p>\n
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Common Sized Balance Sheets (Tabs 12), Common Sized Income Statements (Tab 13), Horizontal Analysis Balance Sheets (Tab 14), Horizontal Analysis Income Statements (Tab 15), and Projected Financial Statements (Tabs 16-18) <\/p>\n
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INSTRUCTIONS<\/p>\n
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Continue in the same Excel workbook prepared in Module 4: Week 4, adding the following tabs:<\/p>\n
o\tThe 12th tab in your Financial Statement Analysis Template must be labeled Common Sized Balance Sheets.<\/p>\n
\uf0a7\tSet-up like the Historical Balance Sheets (Tab 3), this worksheet should use formulas to calculate the common sized percentages, linking to the Historical Balance Sheets for the calculations. \u201cTotal Assets\u201d should be used as the base for all common sized calculations on the Balance Sheets. Common sized percentages should be calculated for all three historical years presented.<\/p>\n
\uf0a7\tSee Exhibit A for a partial example of this tab.<\/p>\n
o\tThe 13th tab in your Financial Statement Analysis Template must be labeled Common Sized Income Statements.<\/p>\n
\uf0a7\tSet-up like the Historical Income Statements (Tab 2), this worksheet should use formulas to calculate the common sized percentages, linking to the Historical Income Statements for the calculations. \u201cRevenue\u201d or \u201cTotal Revenue\u201d (depending on your company) should be used as the base for all common sized calculations on the Income Statements. Common sized percentages should be calculated for all three historical years presented.<\/p>\n
o\tThe 14th tab in your Financial Statement Analysis Template must be labeled Horizontal Analysis of Balance Sheets.<\/p>\n
\uf0a7\tStart by copying and pasting the Historical Balance Sheets from Tab 3 to this worksheet. Then, add dollar and percentage change columns between each of the set of historical years.<\/p>\n
\uf0a7\tSee Exhibit B for an example of this tab.<\/p>\n
o\tThe 15th tab in your Financial Statement Analysis Template must be labeled Horizontal Analysis of Income Statements.<\/p>\n
\uf0a7\tStart by copying and pasting the Historical Income Statements from Tab 2 to this worksheet. Then, add dollar and percentage change columns between each of the set of historical years.<\/p>\n
o\tThe 16th tab in your Financial Statement Analysis Template must be labeled Projected Income Statements. Three years of projected statements should be included, starting with the most recent year after the company\u2019s last issued report. <\/p>\n
o\tThe 17th tab in your Financial Statement Analysis Template must be labeled Projected Balance Sheets. Three years of projected statements should be included. Three years of projected statements should be included, starting with the most recent year after the company\u2019s last issued report. <\/p>\n
o\tThe 18th tab in your Financial Statement Analysis Template must be labeled Projected Statement of Cash Flows. Three years of projected statements should be included, starting with the most recent year after the company\u2019s last issued report. <\/p>\n
\uf0a7\tOther information relating to projected tabs:<\/p>\n
\uf0a7\tProjections should be based on research performed on your company and its industry. Use historical, trend, ratio data and current and future economic projections as well as information from the company\u2019s MD&A to aid in preparing projections.<\/p>\n
\uf0a7\tClearly state your assumptions in a text box at the bottom of each tab. Cite sources for assumptions based on research. <\/p>\n
\uf0a7\tThe statements should be consistent, reasonable, and accurate. Areas that will be checked for accuracy include:<\/p>\n
\u2022\tThe Balance Sheets should balance for all years presented.<\/p>\n
\u2022\tRetained earnings should be properly calculated using the prior year\u2019s balance, net income, and dividends.<\/p>\n
\u2022\tThe Ending Cash Balance on the Statement of Cash Flows should agree to the Cash Balance shown on the Balance Sheet for the same year.<\/p>\n
\u2022\tNet Income on the Income Statements should match what is reported on the top of the Statement of Cash Flows (if indirect method is used).<\/p>\n
o\tOther instructions:<\/p>\n
\uf0a7\tThe Excel workbook should be professionally formatted. Professional formatting includes:<\/p>\n
\u2022\tAll numbers are formatted similarly. The use of decimals, commas for thousands, and other formatting is consistent.<\/p>\n
\u2022\tDollar signs are included in the first and last numbers of each column.<\/p>\n
\u2022\tSubtotals and totals are preceded by a single underline. Totals are followed by a double underline.<\/p>\n
\u2022\tLine descriptions are indented\/bolded in a manner that makes the spreadsheet easy to read. <\/p>\n
\uf0a7\tAll common sized, horizontal analysis, and projection items should be calculated using formulas. Totals and subtotals should also be calculated using formulas. For an example of which cells may need formulas, please see Exhibits A & B.<\/p>\n
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Note: Your assignment will be checked for originality via the Turnitin plagiarism tool.<\/p>\n
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EXHIBIT A: EXAMPLE COMMON SIZED BALANCE SHEETS (TAB 12, PARTIAL VIEW)<\/p>\n
(IMPORTANT NOTE: ONLY PARTIAL BALANCE SHEET SHOWN. YOUR BALANCE SHEET SHOULD INCLUDE LIABILITIES AND STOCKHOLDERS\u2019 EQUITY AS WELL.)<\/p>\n
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EXHIBIT B: EXAMPLE HORIZONTAL ANALYSIS OF BALANCE SHEETS (TAB 14, PARTIAL VIEW)<\/p>\n
(IMPORTANT NOTE: ONLY PARTIAL BALANCE SHEET SHOWN. YOUR BALANCE SHEET SHOULD INCLUDE LIABILITIES AND STOCKHOLDERS\u2019 EQUITY AS WELL.)<\/p>\n
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<\/p>\n","protected":false},"excerpt":{"rendered":"
EXCEL PROJECT: PROJECTING FINANCIAL STATEMENTS ASSIGNMENT INSTRUCTIONS OVERVIEW Common Sized Balance Sheets (Tabs 12), Common Sized Income Statements (Tab 13), Horizontal Analysis Balance Sheets (Tab 14), Horizontal Analysis Income Statements (Tab 15), and Projected Financial Statements (Tabs 16-18) INSTRUCTIONS Continue in the same Excel workbook prepared in Module 4: Week 4, adding the following tabs: […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":[],"disciplines":[183],"paper_types":[],"tagged":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/1087"}],"collection":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions"}],"about":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/types\/questions"}],"author":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/comments?post=1087"}],"version-history":[{"count":0,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/1087\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/media?parent=1087"}],"wp:term":[{"taxonomy":"disciplines","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/disciplines?post=1087"},{"taxonomy":"paper_types","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/paper_types?post=1087"},{"taxonomy":"tagged","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/tagged?post=1087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}