1. Project 2

1.3. Page 3

Project 2: Financial Statements

Project 2: Financial Statements

 

Time to Practise

 

There are three practices available for you to complete to improve your skills. Some will show a net income and some a net loss. Do as many as you need to feel confident in completing an income statement before continuing on to the assignment in Time to Work, which will be submitted for assessment.

 

If, after completing all three practices, you are still not confident that you know how to complete an income statement, you may redo these practices or see your teacher for help.

 

Practice 1

 

 

Step 1: Open Income Statement Template, and save it in your course folder.

 

Step 2: Using the worksheet for Koch Moving and Storage below, complete an income statement.

 

Microsoft product screen shot(s) reprinted with permission from Microsoft Corporation.

 

 

Check your answer.

 

This image is of a completed income statement for Koch Moving and Storage.

Microsoft product screen shot(s) reprinted with permission from Microsoft Corporation.

 

 

If you need more practice, continue on to Practice 2 or Practice 3.

 

If you are ready to do the assignments for this training room, continue on to Time to Work.

 

Practice 2

 

 

Step 1: Open Income Statement Template, and save it in your course folder.

 

Step 2: Using the worksheet for CHOO TV below, complete an income statement.

 

Microsoft product screen shot(s) reprinted with permission from Microsoft Corporation.

 

 

Check your answer.

 

Microsoft product screen shot(s) reprinted with permission from Microsoft Corporation.

 

 

If you need more practice, continue on to Practice 3. 

 

If you are ready to do the assignments for this training room, continue on to Time to Work.

 

Practice 3

 

 

Step 1: Open Income Statement Template, and save it in your course folder.


 

Step 2: Using the worksheet for Quick Cleaning Company below, complete an income statement.

 

This image is of a completed worksheet for Quick Cleaning Company.

Microsoft product screen shot(s) reprinted with permission from Microsoft Corporation.

 

 

Check your answer.

 

Microsoft product screen shot(s) reprinted with permission from Microsoft Corporation.