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Acct120   Class #10   Setting Up The Balancing Sheet In Excel
Acct120   Class #10   Setting Up The Balancing Sheet In Excel
Acct120   Class #10   Setting Up The Balancing Sheet In Excel
Acct120   Class #10   Setting Up The Balancing Sheet In Excel
Acct120   Class #10   Setting Up The Balancing Sheet In Excel
Acct120   Class #10   Setting Up The Balancing Sheet In Excel
Acct120   Class #10   Setting Up The Balancing Sheet In Excel
Acct120   Class #10   Setting Up The Balancing Sheet In Excel
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Acct120 Class #10 Setting Up The Balancing Sheet In Excel

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  • 1. Introduction to Accounting 120 Mr. Binet / Moncton High School Class #10: Setting up the Balance Sheet in Excel,
  • 2.
    • Brief review from last class: Setting up and formatting the balance sheet.
    • An introduction to Microsoft Excel and it’s basic functions.
    • Reminder to finish Unit II, Assignment 1 + 2 (e-mail it)!
    • A quick balance sheet setup trial in excel.
    In Today’s Class…
  • 3. Samantha Palmer’s Balance Sheet
  • 4.
    • Notice the balance sheet is a formal representation of the fundamental accounting equation A = L + OE.
    The Account Form Balance Sheet
  • 5.
    • Accounting is particular with formatting details. The following pages outline guidelines for properly preparing an account form balance sheet.
    • The balance sheet requires a three-line heading. The heading informs:
      • Who? -The name of the individual, business or organization for which the information is prepared. What? -The name of the financial report. When? -The date the financial report was prepared. The date must be recorded in full (e.g. September 30, 2003).
    • The heading is written one item per line and always in the same order: Who?-line 1, What?-line 2 and When?-line3.
    • The sub-headings Assets, Liabilities and Owner's Equity are underlined and centered in the appropriate column and row.
    Formatting Guidelines
  • 6.
    • Microsoft Excel is the industry standard when it comes to spreadsheet software.
    • Spreadsheet software replaced hand-written ledgers in the early 1980s.
    • Excel is great for handling data, analyzing data, setting up specific functions, creating charts, acting as a database and much more.
    • For the purposes of this course, we will use Excel as a ledger to help record and keep track of our accounting transactions.
    • It’s important to understand the basics in order to fully be comfortable with the program into the future!
    • So… go ahead and open Excel by going to START > PROGRAMS > MICROSOFT OFFICE > EXCEL
    • Now follow along!
    What is Microsoft Excel?
  • 7.
    • Go to the O: drive and in the “BINET” folder find Unit II, Assignment #3. Open it, and immediately “SAVE AS” on to your “U” drive. Go ahead and complete (individually) the assignment.
    • Take your time and go over it slowly, this is a basis for the rest of the course! See if you can recreate the spreadsheet which is pictured in the file!
    • Login to your email ( https:// exchange.nbss.nbed.nb.ca ).
    • When you are finished, submit the assignment to me via e-mail ( [email_address] ) with the subject “Unit II, Assignment 2”.
    Your Turn! Excel Fun!
  • 8.
    • Go to the O: drive and in the “BINET” folder find Unit II, Assignment #2. Open it, and immediately “SAVE AS” on to your “U” drive. Assignment #1 should be done by now too!
    • Go ahead and complete (individually) the assignment.
    • Take your time and go over it slowly, this is a basis for the rest of the course!
    • Login to your email ( https:// exchange.nbss.nbed.nb.ca ).
    • When you are finished, submit the assignment to me via e-mail ( [email_address] ) with the subject “Unit II, Assignment 2”.
    Assignment Time!

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