course material

1. Create a pivot table to answer questions like “Which region
Introduction to Financial AccountingCabinet Accessory Company: Sales, Cost, and Gross
Profit Analysis[*]Learning objectivesFind and correct errors in a data set (clean the
data)Add columns containing formulas to a data setCreate a pivot table in ExcelCreate a
pivot chart in Excel.Analyze sales data using a pivot table and a pivot chart.Determine the
net impact on retained earnings using data from a pivot table.Create a calculated field in a
pivot table.Sort a pivot table by stated criteriaFilter a pivot tableInterpret findings from a
pivot tableData set backgroundThis dataset represents sales and cost data for a fictitious
company, Cabinet Accessory Company (CAC), covering the four-year period from 2015 to
2018. CAC sells cabinet hardware including knobs and pulls. In the project, the student is
asked to calculate the net impact on retained earnings each year from the sales and cost
data. The project also focuses on the calculation of gross profit from a set of sales data and
how that sales and cost data can be viewed from the perspective of the region, product line,
etc.Data dictionarycustomer number: Descriptionregion: There are eight regions: Central,
East coast, Midwest, Northeast, Northwest, South, West, and International.date_of_sale:
Descriptionitem: Descriptionbrand: There are three brands: Elements, Jeffrey Alexander
and Riderscollection: Description (there are several collections, all have sold more than 1
unit)description: Descriptionlist_price: Descriptioncost: Descriptionquantity_sold:
DescriptionPrior to the analytics quiz date, all students will have access to:this document
with instructionsthe video tutorialthe video tutorial sample datasetthe video tutorial slides
and scriptthe dataset for a mock quiz and the mock quizThe complete dataset will be
released on Sunday March 19th at 10am, and analytic quiz will start at 11am and closes at
11:30am. Students will answer a eClass quiz with 6 questions each pertaining to variations
of requirements 2 to 6:Requirement 1 – Create three columns in the Data worksheet that
calculate sales revenue, cost, and gross profit for each sales record (each row.) Use the
columns already named in the Data worksheet “sales revenue,” “total cost,” and “gross
profit,” respectively. Format numbers in the three columns as Accounting with two decimal
places.Requirement 2: Create a pivot table that shows sales revenue by region for each of
the four years and quarters. Correct any errors in the original dataset in the worksheet that
are revealed in this initial pivot table. Once you have corrected the errors in the original
data set, refresh the pivot table to reflect the corrected data. Insert a pivot chart that shows
the sales revenue trend by region over the four-year period. In the pivot chart, the x-axis
should be years and the y-axis should be sales revenue. What trends do you see in the pivot
table and pivot chart?Requirement 3 – Create a pivot table that shows sales revenue, total

2. cost, and gross profit for each year. What would have been the net impact on retained
earnings in each of these years from the transactions listed in the data set? Ignore any tax
effects.Requirement 4 – Create a pivot table to answer questions like “What was the most
profitable brand in each year, as measured by gross profit?” Link in the same pivot table
gross profit percentage and sales revenue; you will need to add a calculated field to the
pivot table to calculate the gross profit percentage.Requirement 5 – Create a pivot table to
answer questions like: “Within each brand, what was the most profitable collection in 2018,
as measured by the gross profit percentage? The least most profitable collection for each
brand?” Use the field “years” to filter the data to include just the year of 2018. You will need
to use the calculated field added in requirement 4 to calculate the gross profit percentage.
Within each brand, sort the collections by gross profit percentage, from the largest to the
smallest. Interpret your findings.Requirement 6 – Create a pivot table to answer questions
like “Which region was the most profitable in 2018, as measured by the gross profit or its
percentage?” Include gross profit (dollars) in the pivot table. Use a filter to include only
sales from 2018 in this pivot table. Sort the regions by gross profit dollar or percentage,
from largest to smallest.All sections: Answer the online quiz in eClass (6 marks in total, 1
mark each question)* Case/Exercise developed by Wendy Tietz, professor of accounting at
Kent State University in Kent, Ohio, USA. More exercises and tutorials are available at
https://accountingintheheadlines.com/category/data-analytics/