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Understand the components and variations of a Financial Statement
Complete a Transactions page and Profit and Loss statement that summarizes monthly transactions.
Understand the components of a Balance Sheet.
Showcase this hands-on experience in an interview
By the end of this project, you will be able to complete a financial statement with Microsoft Excel, composed of a transactions page, profit and loss statement, and balance sheet. You will learn how to enter your business transactions and interpret the data presented in the profit and loss statement. You will also learn about the components of a balance sheet and will have a better understanding of how a financial statement can be used to help track and present financial information for your company.
Basic knowledge in finances and spreadsheets
Spreadsheet
Financial Statement
Balance Sheet
Calculations
In a video that plays in a split-screen with your work area, your instructor will walk you through these steps:
Log into Microsoft Excel Online and open a blank spreadsheet.
Identify the assumptions for the financial statement and create a Transactions page.
Create a Profit and Loss statement that summarizes monthly transactions.
Use the SUMIFS formula to populate the categories for the Profits and Loss with the transactions.
Understand the components of a Balance Sheet and complete the Assets section
Complete the Liabilities and Owner’s Equity sections of the Balance Sheet and perform a final balance check.
Your workspace is a cloud desktop right in your browser, no download required
In a split-screen video, your instructor guides you step-by-step
by AP
Jun 29, 2022It is a simple course that you would understand with simple language (english). Very well constructed course. Good experience.
by RS
Aug 11, 2022Excellent course, well structured and easy to follow.
by AM
Aug 31, 2022Appreciated for such a detailed guide project. Thanks a ton.
by RS
Nov 23, 2022GOOD COURSE AND A VERY USEFULL AND INFORMATIVE ONE.
Because your workspace contains a cloud desktop that is sized for a laptop or desktop computer, Guided Projects are not available on your mobile device.
Guided Project instructors are subject matter experts who have experience in the skill, tool or domain of their project and are passionate about sharing their knowledge to impact millions of learners around the world.
You can download and keep any of your created files from the Guided Project. To do so, you can use the “File Browser” feature while you are accessing your cloud desktop.
At the top of the page, you can press on the experience level for this Guided Project to view any knowledge prerequisites. For every level of Guided Project, your instructor will walk you through step-by-step.
Yes, everything you need to complete your Guided Project will be available in a cloud desktop that is available in your browser.
You'll learn by doing through completing tasks in a split-screen environment directly in your browser. On the left side of the screen, you'll complete the task in your workspace. On the right side of the screen, you'll watch an instructor walk you through the project, step-by-step.
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