Project 2
1. Project 2
1.14. Page 4
Project 2: Financial Statements
Time to Work
As this is the last training room working with financial statements, the following assignments will require you to complete all three of the financial statements covered.
You may want to refer to the rubrics for all of the statements:
These rubrics are also accessible in the Toolkit.
Create a new folder in your FIN1030 Course Folder called “Project 2: Training Room 3.” All of the answers to the following questions must be saved in this folder for your teacher to mark.
Continue on to Assignment 1, which must be submitted to your teacher for assessment. There are also two optional assignments for this training room. Check with your teacher to see if it is necessary for you to complete them.
Assignment 1
Use the worksheet below to complete an income statement, balance sheet, and statement of owner’s equity. The capital on the balance sheet will be the same as the ending capital on the statement of owner’s equity.
Links to the blank forms as well as suggested file names are below the worksheet. Be sure to save the completed financial statements and submit them to your teacher for assessment.
Microsoft product screen shot(s) reprinted with permission from Microsoft Corporation.
Step 1: Open Income Statement Template, and save it in your course folder as “Project 2: Training Room 3: Assignment 1 Income Statement.”
Step 2: Open Balance Sheet Template, and save it in your course folder as “Project 2: Training Room 3: Assignment 1 Balance Sheet.”
Step 3: Open Statement of Owner’s Equity Template, and save it in your course folder as “Project 2: Training Room 3: Assignment 1 Owner’s Equity.”
The following are optional assignments. Check with your teacher to see if you need to complete them.
Assignment 2 (optional)
Use the worksheet below to complete an income statement, balance sheet, and statement of owner’s equity. The capital on the balance sheet will be the same as the ending capital on the statement of owner’s equity.
Links to the blank forms as well as suggested file names are below the worksheet. Be sure to save the completed financial statements and submit them to your teacher for assessment.
Microsoft product screen shot(s) reprinted with permission from Microsoft Corporation.
Step 1: Open an Income Statement Template, and save it in your course folder as “Project 2: Training Room 3: Assignment 2 Income Statement.”
Step 2: Open a Balance Sheet Template, and save it in your course folder as “Project 2: Training Room 3: Assignment 2 Balance Sheet.”
Step 3: Open a Statement of Owner’s Equity Template, and save it in your course folder as “Project 2: Training Room 3: Assignment 2 Owner’s Equity.”
Assignment 3 (optional)
Use the worksheet below to complete an income statement, balance sheet, and statement of owner’s equity. The capital on the balance sheet will be the same as the ending capital on the statement of owner’s equity.
Links to the blank forms as well as suggested file names are below the worksheet. Be sure to save the completed financial statements and submit them to your teacher for assessment.
Microsoft product screen shot(s) reprinted with permission from Microsoft Corporation.
Step 1: Open an Income Statement Template, and save it in your course folder as “Project 2: Training Room 3: Assignment 3 Income Statement.”
Step 2: Open a Balance Sheet Template, and save it in your course folder as “Project 2: Training Room 3: Assignment 3 Balance Sheet.”
Step 3: Open a Statement of Owner’s Equity Template, and save it in your course folder as “Project 2: Training Room 3: Assignment 3 Owner’s Equity.”