Creating financial statements in excel

Assignment Help Accounting Basics

Reference no: EM13137590

The following procedure is recommended when creating financial statements in Excel, in order to minimize error and make the statements easier to read when provided to others:

a. Use custom number formats

b. Make excel do as little work as possible by avoiding the use of formulas

c. Use as many fonts and colors as possible in order to separate line items and subheadings

d. Hide data you do not want others to see before distributing a worksheet

Reference no: EM13137590

Questions Cloud

Explain the cost of recharging a battery : The Cost of Recharging a Battery, A 12-V automotive storage battery is charged with a constant current of 2 amp for 24 hr.

Amount reported for operating expenses : During 2010, Burlington Company incurred operating expenses amounting to $600,000, of which $550,000 was paid in cash; the balance will be paid in January 2011. On the 2010 income statement of the company, what amount should be reported for operat..

Why does a company choose to do an ipo : Why does a company choose to do an IPO? What are some major concerns for the issuing company? Do you think choosing the right investment bank is a key to the success of the IPO?

Explain the temperature of the refrigerant : Find the Temperature of the Refrigerant, A closed vessel with a volume of 2 ft^3 contains 5 lb of Refrigerant 134a. A pressure sensor in the tank wall reads 71.39 lbf/in.^2 (gage).

Creating financial statements in excel : The following procedure is recommended when creating financial statements in Excel, in order to minimize error and make the statements easier to read when provided to others:

Which of the folllowing is least likely to uncover fraud : which of the folllowing is least likely to uncover fraud?

Discuss how differences between pooling and purchase account : Discuss how differences between pooling and purchase accounting for acquisitions affect future reported earnings if the Pierson/Drew business combination.

What proportion of tires will last less than miles : The lifetime of a certain brand of tire has a mean of 43,000 miles and a standard deviation of 6,000 miles. The lifetime distribution closely follows a normal distribution. What proportion of tires will last less than 50,000 miles?

What is the ending balance of projected benefit obligation : what is the ending balance of the projected benefit obligation.

User Account

All Pages