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Normalization and Adjustment of Financial Statements
1. Understand the accounting policies of your company for potential normalization and adjusting. Determine if adjustments are necessary for items discussed in lectures and provided on the Normalization and Adjustment Listing. Make sure when deciding on adjustments to consider the Materiality concept.
2. Prepare a document for the adjustments you have determined that details the adjustment, including the debits and credits and proper accounts that will be adjusted. Give a brief explanation of the reasoning behind the adjustments you have included and any assumptions used to come up with the accounts and amounts. You must make adjustments to all three years of your forecasted financial statements.
Attachment:- Project MG.rar
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In the given assignment modifications were made related to normalization and adjustments sheet in excel for the selected company as per the format of Nike provided. Only that excel portion of the solution was revised using the annual report of the selected company and the company's website.
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This is the normalization that needed to have been done as per the NIKE's example. Is this what you completed? 22547429_1Normalization.xlsx I have not received the solution for my excel problem for BMY. tomorw is the deadline. I am waiting.
Part III - Financial Analysis - Normalizations and Adjustments (Note: PLEASE LOOK AT the attached NIKE's EXCEL EXAMPLE PART III NAMED: NORMALIZATION & ADJUSTMENTS do that only. DO EXACTLY AS NIKE NORMALIZATION & ADJUSTMENTS excel.DEAL WITH ONLY THE THE AREA THAT SAYS IN THE EXCEL" NORMALIZATION & ADJUSTMENTS. IS,BS& CF EXCELS HAVE BEEN COMPLETED.USED FILE NAME PROJECT MG FOR NORMALIZATION & ADJUSTMENTS EXPLANATION & CALCULATION. I HAVE ALSO ATTACHED PROJECT PART I,II, IF YOU NEED ADDITIONAL DATA. I HAVE ALSO ATTACHED THE NORMALIZATION, ANSWER ONLY what is needed for normalization & adjustments USING NIKE'S EXAMPLE.
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