Project 1

Project 1: The Worksheet

Project Introduction

The worksheet is an informal business paper used to organize and summarize data regarding the financial condition of a business. The worksheet also helps a business prepare financial statements, as all the information is summarized in one place, usually on one page. You will understand more about this as you go through the training rooms. For a short introduction to the worksheet, go to the Interactive Accounting Cycle and click on “Step 5. Worksheet.”

In this project there are three training rooms in which you will learn about the worksheet.

• Training Room 1 shows you how to set up a worksheet and complete the trial balance.
  
• Training Room 2 shows you how to extend the worksheet.
  
• Training Room 3 shows you how to calculate a net income or a net loss.

Throughout these training rooms, you will be referred to videos and documents to help you understand the concepts covered. Remember that these helpful suggestions are available for your reference at any time in the course Toolkit.

Continue on to Training Room 1, where Sakineh, the financial trainer, will step you through how to set up a worksheet and complete the trial balance section.