Introduction to Accounting 120 Mr. Binet / Moncton High School Class #10: Setting up the  Balance Sheet in Excel,
<ul><li>Brief review from last class: Setting up and formatting the balance sheet. </li></ul><ul><li>An introduction to Mi...
Samantha Palmer’s Balance Sheet
<ul><li>Notice the balance sheet is a formal representation of the fundamental accounting equation A = L + OE. </li></ul>T...
<ul><li>Accounting is particular with formatting details. The following pages outline guidelines for properly preparing an...
<ul><li>Microsoft Excel is the industry standard when it comes to spreadsheet software. </li></ul><ul><li>Spreadsheet soft...
<ul><li>Go to the O: drive and in the “BINET” folder find Unit II, Assignment #3. Open it, and immediately “SAVE AS” on to...
<ul><li>Go to the O: drive and in the “BINET” folder find Unit II, Assignment #2. Open it, and immediately “SAVE AS” on to...
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Acct120 Class #10 Setting Up The Balancing Sheet In Excel

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Acct120 Class #10 Setting Up The Balancing Sheet In Excel

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

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