ACCT212 Individual Learning Project
Top of Class
Get An A+ Paper
Get Started
ACCT212 Individual Learning Project
Order 100% Plagiarism Free Essay Now
Assignment instructions are as follows:
1. Use the information in the provided trial balance to create the following financial statements:
a. 2017 Income Statement
b. 2017 Balance Sheet
c. 2017 Cash Flow Statement
2. Create ONE Excel Workbook with the following tabs:
a. Tab 1: Trial Balance for 2016 and 2017 provided
b. Tab 2: Closing Entries for 2016 Income Statement
c. Tab 3: 2016 Income Statement
d. Tab 4: Closing entries for 2017
e. Tab 5: 2017 Balance Sheet post-closing entries (Use the 2016 Retained Earnings balance as your beginning
2017 balance)
f. Tab 6: Cash Flow Statement
3. Formulas:
a. Use Excel to setup the financial statements by linking the values from the trial balance.
b. Use Excel formulas to calculate all totals and sub-totals.
4. Save your Excel workbook as last name _ Project1. (For example: Koss_Project1.xls).
5. Upload the completed assignment to BlackBoard using the link provided.
ACCT212 Individual Learning Project
Order 100% Plagiarism Free Essay Now
GRADING RUBRIC:
FORMATTING/ACCURACY/COMPLETENESS (15%)
Excel spreadsheets should be formatted and easy to read/follow. This includes:
Underlining totals and subtotals for financial statements. (Total Assets, Total Liabilities, Total Equity,
Net Income, etc.)
Consistency in formatting for dollar and percent cells. (i.e. if decimals are used, they should be
consistently. Are dollar signs used consistently?)
ACCURACY/COMPLETENESS (15%)
All required financial statements were included and were accurately pulled from the Trial Balance.
CLOSING JOURNAL ENTRIES (10%)
All Income Statement accounts are properly closed. Retained Earnings balance is properly calculated.
INCOME STATEMENT (20%)
All sub-totals and totals are accurately calculated (using Excel formulas). Ensure that $ signs, and statement
headings are correct.
BALANCE SHEET (20%)
All sub-totals and totals are accurately calculated (using Excel formulas). Ensure that $ signs, and statement
headings are correct.
CASH FLOW STATEMENT (20%)
All sub-totals and totals are accurately calculated (using Excel formulas). Ensure that $ signs, and statement
headings are correct.