Financial Accounting 2007 Kimmel, Weygandt, Kieso - Excel

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Financial Accounting 2007 Kimmel, Weygandt, Kieso - Excel Powered By Docstoc
					Instructions for the Microsoft Excel Templates

Be advised, the worksheet and workbooks are not protected.

Extensive detail and information is contained within the manual.

Striking the "F1" key or following the path "Windows>Excel Help" will invoke the Office Assistant and bring up one of
several help menus.

You should enter your name, course ID, date, and instructor's name into the cells at the top of the page.

Each page contains a page footer with a Page # of Page ## as well as time and date to assist in assembly of multiple pages.


Each worksheet contains the identification of the problem or exercise.

All formatting should have been accomplished to provide satisfactory presentation. See the text for additional assistance in
formating.

If more than one page is required by the problem, the page breaks are preset.

In general, the yellow highlighted cells are the cells which work and effort should be presented.

Place the proper account title in the cell where the word "Account title" appears on the template.

Place the value in the cell where the word "Value" or "Amount" appears on the template. A formula may be placed in some
of these cells.

Write a formula into cells where the word "Formula" appears. In these cells, an amount calculated can be entered. An amount
can be placed in these cells.

Place the explanation for the entry in the cell where the word "Text Explanation" appears on the template.

Insert the account number where "Acct Nbr" appears on the template during posting.

Insert the journal reference where "JOURN #" appears on the template during posting.

Insert the title in the cell where "TITLE" appears on the template.

The print area is defined to fit onto 8 1/2" X 11" sheets in portrait or landscape mode as required.

The gray filled cells define the perimeter of the problem and the print area.

The problem is formatted for whole dollars with comma separations (no cents) except where required.

The display may have "Freeze Pane" invoked so column titles remain visible during data entry.

Negative values may be shown as ($400) or -$400.

Consider using "Split" panes to assist in copy and paste of data.



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Much of the exercises and problems can have data entered by the "look to" or "=A34" type formula where cell A34 contains
the data to be entered. This precludes typing and data entry errors.




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     Name:                                                         Date:
 Instructor:                                                    Course:
Financial Accounting, Fifth Edition by Kimmel, Weygandt, and Kieso
Solving Financial Accounting Problems Using Microsoft Excel for Windows
                                by Rex A Schildhouse
E2-4, Prepare assets section of a classified balance sheet.
The following information (in thousands of dollars) is available for H.J. Heinz Company - famous for ketchup and other
fine food products - for the year ended May 2, 2007.
       Prepaid expenses                           $132,561          Inventories                            $1,197,957
       Land                                         51,950          Buildings and equipment                  4,002,913
       Other current assets                         38,736          Cash and cash equivalents                  652,896
       Intangible assets                         4,139,872          Receivables                                996,852
       Other noncurrent assets                     875,999          Accumulated depreciation                 2,056,710

Instructions:
Prepare the assets section of a classified balance sheet, listing the items in proper sequence and including a statement
heading.

                                                       H. J. HEINZ
                                                   Partial Balance Sheet
                                                       May 2, 2007
                                                      (In thousands)
                                       Assets
            Current assets
              Account title                                                         Amount
              Account title                                                         Amount
              Account title                                                         Amount
              Account title                                                         Amount
              Account title                                                         Amount
                 Total current assets                                                                  Formula
            Property, plant, and equipment
              Account title                                                         Amount
              Account title                                       Amount
              Account title                                       Amount            Formula            Formula
            Account title                                                                              Amount
            Account title                                                                              Amount
            Title                                                                                      Formula




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