4. 115.363$11,774.19$ 233.00$ 56.42$ 176.58$
171.784$11,597.60$ 233.00$ 55.57$ 177.43$
227.355$11,420.18$ 233.00$ 54.72$ 178.28$
282.076$11,241.90$ 233.00$ 53.87$ 179.13$
335.947$11,062.76$ 233.00$ 53.01$ 179.99$
388.958$10,882.77$ 233.00$ 52.15$ 180.85$
441.099$10,701.92$ 233.00$ 51.28$ 181.72$
492.3710$10,520.20$ 233.00$ 50.41$ 182.59$
542.78Totals$ 2,330.00$ 542.78$ 1,787.22
Procedures for Final Exam – Part 2, Actg. Spreadsheet
Applications
1. Download the Personal Finances.xlsx file, being sure to save
it as Your_Last name_Personal Finances.xlsx.
2. Open the Your_Last name_Personal Finances.xlsx file.
3. Take a look at the file and complete the steps listed below in
the grading rubric.
Step
Instructions for Personal Finances file
Points Possible
1
On the JuneTotals worksheet, sort the data in the range A3:E16
in ascending order by Category. At each change in Category,
use the Sum function to add subtotals to the data. Accept all
other defaults. Collapse the outline to show the grand total and
5. Category subtotals only.
2
2
Create a PivotTable in cell F1 on the AnnualExp worksheet
using the data in the range A1:D17. Add the Expense field to
the PivotTable as the row label; add the Amount field as the
value; and then add the Year field as the column label. Change
the format of the values in the PivotTable to accounting with no
decimal places.
3
3
Add the Category field to the Report Filter area of the
PivotTable. Filter the data so that only expenses in the Variable
category are displayed. Display the values as percentages of the
grand total.
1
4
Insert a Year slicer in the worksheet and use the slicer to filter
the data so that only data from 2011 is displayed. Change the
height of the slicer to 2” and then reposition it so that the top
left corner aligns with the top left corner of cell I2.
2
5
Create a PivotChart based on the data in the PivotTable using
the pie chart type. Change the chart title text to Variable
6. Expenses, and then remove the legend. Add data labels to the
Outside End position displaying only the category names and
leader lines. Reposition the chart so that the top left corner
aligns with the top left corner of cell F13.
2
6
On the HomeLoan worksheet, in cell A10, enter a reference to
the monthly payment from column B. Create a one-variable data
table for the range A9:H10 using the interest rate from column
B as the Row input cell.
2
7
On the HomeLoan worksheet, in cell A12, enter a reference to
the monthly payment from column B. Create a two-variable data
table in the range A12:H16, using the interest rate from column
B as the Row input cell and the term in months from column B
as the Column input cell.
2
8
On the HomeLoan worksheet, perform a goal seek analysis to
determine what the down payment in column B needs to be if
you want the monthly payment in column B to be $2,000.
Accept the solution.
1
9
7. On the HomeLoan worksheet, create a scenario named
Maximum using cells B2, B3, B5, and B6 as the changing cells.
Enter these values for the scenario: 280000, 24000, .075, and
360, respectively. Show the results, and then close the Scenario
Manager. Undo the last change.
2
10
On the June2012 worksheet, in cell I7, sum the values in
E7:E24 if the purchase in column C is groceries; in cell I8,
average the values in E7:E24 if the purchase in column C is
groceries; and in cell I9, calculate the number of times groceries
were purchased during the month.
2
11
On the June2012 worksheet, in cell I11, calculate the total
amount spent on groceries using a credit card; in cell I12,
calculate the average spent on groceries using a credit card; and
in cell I13, calculate the number of times groceries were
purchased using a credit card during the month.
2
12
On the June2012 worksheet, in cell F7, nest an AND function
within an IF function to determine if the transaction was paid
using a credit card and the amount of the transaction is less than
-100. If both conditions are met in the AND function, the
8. function should return the text Flag. For all others, the function
should return the text OK. Copy the function down through cell
F24.
2
13
Group the June2012 and JuneTotals worksheets together. Fill
the contents and formatting from the range A1:F1 on the
JuneTotals worksheet across the grouped worksheets. (Hint:
You will use the fill drop-down in the Editing section on the
Home ribbon.) Ungroup the worksheets. In cell I19 on the
June2012 worksheet, insert a reference to cell E26 on the
JuneTotals worksheet.
1
14
On the June2012 worksheet, create a validation rule for the
range D7:D24 to only allow values in the list from the range
I21:I24. Create an error alert for the selected range that will
display after invalid data is entered. Using the Stop style, enter
Invalid Entry as the title, and then type Please select a valid
method. (include the period) as the error message.
2
15
Apply the Civic theme to the workbook. (Hint: this means all
the sheets in the workbook) Apply the cell style Accent1 to
cells A3 and D3 on the CarLoan worksheet.
9. 1
16
Set the Author property of the workbook to Exploring Excel
Student, and then set the Title property to Personal Finances.
1
17
Change your user name to Exploring Excel Student. On the
CarLoan worksheet, insert the comment Updated on 7/17/2012
in cell A1. Mark the workbook as final.
2
18
Ensure that the worksheets are correctly named and placed in
the following order in the workbook: JuneTotals; June2012;
AnnualExp; HomeLoan; CarLoan. Save the workbook. Close the
workbook and then exit Excel.
0
Total Points
30
4. Download the Accounting Services.xlsx file, being sure to
save it as Your_Last name_Accounting Services.xlsx.
5. Open the Your_Last name_Accounting Services.xlsx file.
6. Take a look at the file and complete the steps listed below in
the grading rubric.
10. Step
Instructions for Accounting Services file
Points Possible
1
On the Budget worksheet: Use formulas to total the revenues by
quarter, by revenue item, and then overall total. Use formulas to
total the expenses by quarter, by expense item, and then overall
total. Enter a formula to calculate the Net Income by quarter
and then overall.
2
2
Format the Budget worksheet to look business professional.
This may include cell formatting used for total cells, color
changes if needed, formatting of numbers, widening of columns,
making the title of the sheet standout and centering it across the
columns of data, using spell check, etc.
(Remember with ALL the formatting you do in this file that you
may like the color pink but it is not very professional, also too
much of a dark color or neon colors is not professional.)
2
3
In column G insert sparklines for each revenue and expense line
11. item (including the totals and Net Income lines) to show the
trend over the quarters. This is a great visual way to see the
fluctuation of your revenues and expense items over the year.
Format the sparklines to blend well with the rest of the
document. Again business professional.
1
4
Create Pie chart to show what revenue categories the business’
Total Revenue is coming from. This is a great tool to show a
picture of the division of the whole. Put the pie chart on a new
sheet named ‘Revenue Chart’ and format it attractively using
the knowledge you gained in this class.
1
5
With the Budgeted Net Income for the year being so low you
decide you’d like to see what percentage of your total expenses
each expense item is. Create a new sheet that will show just
your expenses with the total budgeted for the year, use a link
back to the total on the budget sheet. Name the sheet Expense
Analysis. Add a column to calculate what percentage of the
total Expense each item is, no need to calculate the percentage
for the Total Expense line item since that should be 100%. Put a
Title on this sheet so anyone looking at it can tell what this data
is for. Format the sheet to look business professional like the
budget sheet. Hint: Work smarter not harder, don’t create this
12. sheet from scratch.
3
6
Now the first quarter financial numbers are in and you want to
prepare the Income Statement for the 1st Quarter. Your Income
Statement should compare the actuals to the budget amounts for
the first quarter. Go to the 1st Quarter worksheet and see the
data already entered into the worksheet for you. You need to
enter links in the cells so that the 1st Quarter budget numbers
appear on this sheet, by doing links you will be able to use this
file as a starting point for next year, enter in your new budget
on the budget sheet and having the Quarter sheet automatically
update. Finish up the sheet so that it will show how much over
or under budget each item is, including total lines. Hint: Make
sure you have the proper sign showing. If you are over budget
on a revenue item is should appear positive, if you are over
budget on an expense it should appear as a negative. Add
conditional formatting (bold, italic, and a font color that goes
with your theme) to your variance column to make the items
that are negative stand out just a little. Make sure your 1st
Quarter sheet has a professional appearance.
3
7
Make Copies of your 1st Quarter Sheet so that you have one for
2nd Quarter, 3rd Quarter, 4th Quarter, and Year End (use these
13. names for the sheet names). Adjust each of these sheets to have
the proper titles, links to the appropriate budget data. When
updating consider using find and replace to save yourself time.
Remove the Actual data since it is for 1st Quarter. Have the
sheets completely ready so all you need to do at the end of each
quarter is to enter in the reported actual data for that time
frame. Set the Year End sheet to be adding the actuals from the
1st Quarter, 2nd Quarter, 3rd Quarter, and 4th Quarter sheets so
it will be ready once your 4th Quarter sheet is done. Now enter
the actuals for the remaining quarters.
(See next page)
2nd Qtr Actuals
3rd Qtr Actuals
4th Qtr Actuals
Tax Returns
1800
780
14550
Consulting Services
9400
8750
9350
16. 6600
6600
Make sure your formulas for all the sheets are working
properly.
3
8
Set up the printing for all the sheets in the Workbook. Each
should print centered on 1 page and have a footer showing the
filename and then comma and a space then the sheet name,
don’t just type this in. If the file name is changed or the sheet
name is changed you want this footer to automatically change as
well. You choose the orientation for each sheet based off of
what will look the best.
2
9
Ensure that the worksheets are correctly named and placed in
the following order: Budget, Revenue Chart, Expense Analysis,
1st Quarter, 2nd Quarter, 3rd Quarter, 4th Quarter, Year End.
Save the workbook.
0
10
Now since you are just so happy with this file and you know
you will use it year after year you decide to save yourself some
time in future years and create a macro that will remove all the
17. data entry cells so that the file is ready for a new year with just
the click of a button. You need the macro to delete the data
entry cells on the budget sheet and the actual data on the
Quarter sheets. Make sure your macro clears all the appropriate
cells, leaving those with formulas in them. The macro should
bring the active cell in each sheet back to A1 and end on the
budget sheet so that it brings the user back to the starting point.
After you have your macro recorded you can create a button off
to the right on the budget worksheet that is linked to the macro
and has text on it that states ‘Click here to prepare workbook
for a new year’. This macro button should NOT print when you
print this sheet so go in and make sure the print area is not
including the cells the button is in. Save your File as ‘Your last
name_Accounting Services New Year.xlsm
3
Total Points
20
7. Submit all 3 of your files using the assignment link in the
Final Exam –Part 2 folder in the Course Content section within
BlackBoard.
Page 1
![BudgetAccounting, IncAnual Budget2013Qtr 1Qtr 2Qtr 3Qtr
4TotalsRevenue:Tax Returns74000150080014200Consulting
Services10300950087009300Financial Statement
Preparation7700770077007700Data Entry &
Compilation6200620062006200Payrol Services &
reporting6700670067006700Total RevenueExpenses:Wage
Expense30500180001800028300Payroll
Taxes3050180018002830Workers
Compensation950540540849Liability
Insurance1200120012001200Profesional
Publications6006060300Office
Supplies1200300200800Computer
Support300300300300Miscellaneous2700270027002700Buildin
g Rent6600660066006600Total ExpensesNet Income
1st QuarterAccounting, IncIncome Statement1st Quarter,
2013Revenue:1st Quarter ActualsTax Returns76000Consulting
Services9900Financial Statement Preparation7900Data Entry &
Compilation6350Payrol Services & reporting6950Total
RevenueExpenses:Wage Expense30850Payroll
Taxes3085Workers Compensation1050Liability
Insurance1200Profesional Publications550Office
Supplies1250Computer Support300Misc2450Building
Rent6600Total ExpensesNet Income
Sheet3
JuneTotalsJune TransactionsDatePayeeCategoryMethod of
PaymentAmount6/1/12Zachary KayeRentCheck$
(800.00)6/2/12George's SuperMartGroceriesCredit Card$
(114.62)6/3/12Sam's StopGasDebit Card$
(61.13)6/4/12VisaCredit Card PaymentCheck$
(300.00)6/8/12South & MainATM WithdrawalDebit Card$
(202.00)6/8/12IncomeSalaryCheck$ 2,034.786/8/12[Savings
Account]Transfer to SavingsTransfer$ (300.00)6/9/12George's
SuperMartGroceriesCredit Card$ (136.52)6/12/12Gas-N-](https://image.slidesharecdn.com/budgetaccountingincanualbudget2013qtr1qtr2qtr3qtr4totalsrev-221101112444-8f0167b6/85/BudgetAccounting-IncAnual-Budget2013Qtr-1Qtr-2Qtr-3Qtr-4TotalsRev-docx-1-320.jpg)
![WashGasDebit Card$ (57.49)6/15/12SECElectric BillCheck$
(217.61)6/15/12Springfield Savings & LoansStudent
LoanCheck$ (175.00)6/16/12George's
SuperMartGroceriesDebit Card$ (173.06)6/18/12Gas-N-
WashGasCredit Card$ (65.33)
June2012Search
ResultsPosition:8Amount:DatePayeeCategoryMethod of
PaymentAmountGroceries6/1/12Zachary KayeRentCheck$
(800.00)Total Cost:6/4/12VisaCredit Card PaymentCheck$
(300.00)Average Cost:6/8/12South & MainATM
WithdrawalDebit Card$
(202.00)Occurrences:6/8/12IncomeSalaryCheck$
2,034.78Groceries - Credit Card6/8/12[Savings
Account]Transfer to SavingsTransfer$ (300.00)Total
Cost:6/15/12SECElectric BillCheck$ (217.61)Average
Cost:6/15/12Springfield Savings & LoansStudent LoanCheck$
(175.00)Occurrences:6/18/12Gas-N-WashGasCredit Card$
(65.33)6/18/12SGWWater BillCheck$ (43.59)6/22/12South &
MainATM WithdrawalDebit Card$ (262.00)Average Credit
Card Purchase:6/22/12IncomeSalaryCheck$
2,034.786/22/12[Savings Account]Transfer to SavingsTransfer$
(300.00)6/23/12George's SuperMartGroceriesCredit Card$
(109.64)Total Remaining:6/25/12CIV
Solution
sCable/InternetCheck$ (102.83)6/25/12Springfield Savings &
LoansCar LoanCheck$ (233.00)Payment
Options:Check6/28/12AMP InsuranceCar InsuranceCheck$
(96.47)Credit Card6/29/12Sam's StopGasDebit Card$
(60.08)Debit Card6/30/12George's SuperMartGroceriesDebit](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)