The purpose of this assignment is to make adjustments to the financial statements based on new transactions as well as describing various financial reports.
Refer to the Excel spreadsheet, “Company Overview Template,” for the instructions and details to complete this assignment. Name your Excel file LastnameFirstinitial.T1 and submit the file to your instructor.
This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.
Expert Solution Preview
To successfully complete this assignment, you will need to follow the instructions provided in the “Company Overview Template” Excel spreadsheet. This assignment focuses on making adjustments to financial statements based on new transactions and describing various financial reports.
Before starting the assignment, it is essential to familiarize yourself with the rubric provided. The rubric outlines the expectations for successful completion of this assignment.
To begin, open the Excel file named LastnameFirstinitial.T1 and refer to the instructions and details provided within the spreadsheet. These instructions will guide you through the process of adjusting the financial statements based on the new transactions.
As you work on the assignment, pay close attention to the specific adjustments that need to be made. Ensure that you accurately reflect the impact of the new transactions on the financial statements.
In addition to making adjustments, you will also need to describe various financial reports. This requires a thorough understanding of the purpose and content of these reports. Take the time to research and study the different types of financial reports that are commonly used in businesses.
Once you have completed the assignment, carefully review your work to ensure accuracy and completeness. Double-check your calculations and explanations to minimize any errors.
Finally, save your completed Excel file as LastnameFirstinitial.T1 and submit it to your instructor for evaluation.
Remember to utilize the rubric provided to assess your own work before submission. This will help you meet the expectations and criteria set for successful completion of the assignment.
Good luck and make sure to reach out to your instructor if you have any questions or need clarification along the way.