Free Managerial Accounting Templates - Download as Excel

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Free Managerial Accounting Templates - Download as Excel Powered By Docstoc
					               Name:                                                                     Date:
           Instructor:                                                                 Course:
Managerial Accounting, 3rd Edition, by Weygandt, Kieso, and Kimmel
Solving Managerial Accounting Problems Using Microsoft Excel for Windows by Rex A Schildhouse
Problem P13-7A, Here are the financial statements of Newman Company:
                                                              NEWMAN COMPANY
                                                           Comparative Balance Sheets
                                                                 December 31
                                          Assets                                   2005                          2004
                      Cash                                                             $31,000                   $20,000
                      Accounts receivable                                               38,000                    14,000
                      Merchandise inventory                                             27,000                    20,000
                      Property, plant, and equipment                $60,000                        $78,000
                      Less: Accumulated depreciation                (30,000)            30,000     (24,000)      54,000
                      Total                                                           $126,000                 $108,000

                            Liabilities and Stockholders' Equity
                         Accounts payable                                               $29,000                 $15,000
                         Income taxes payable                                             7,000                   8,000
                         Bonds payable                                                   27,000                  33,000
                         Common stock                                                    18,000                  14,000
                         Retained earnings                                               45,000                  38,000
                         Total                                                         $126,000                $108,000

                                                     NEWMAN COMPANY
                                                      Income Statement
                                            For the Year Ended December 31, 2005
                         Sales                                                         $242,000
                         Cost of Goods Sold                                             175,000
                         Gross profit                                                    67,000
                         Selling expenses                             $18,000
                         Administrative expenses                        6,000            24,000
                         Income from operations                                          43,000
                         Interest expense                                                 3,000
                         Income before income taxes                                      40,000
                         Income tax expense                                               6,000
                         Net income                                                     $34,000

Additional data:
1. Dividends declared and paid were         $36,000
2. During the year equipment was sold for                 $8,500     cash. This equipment cost    $18,000     originally and had a book
value of        $8,500    at the time of sale.
3. All depreciation expense is in the selling expense category.
4. All sales and purchases are on account.




               FileName: 00ab48d9-8b8c-4984-9051-ee94946a0d91.xls, Tab: Problem P13-7B, Page 1 of 3, 9/13/2011, 4:57 PM
              Name:                                                                         Date:
          Instructor:                                                                     Course:
Instructions: Accounting, 3rd Edition, by Weygandt, Kieso, and Kimmel
Managerial
(a) Prepare a statement of cash flows using the indirect method.

                                                            NEWMAN COMPANY
                                                           Statement of Cash Flows
                                                   For the Year Ended December 31, 2005
                         Cash flows from operating activities
                         Net income                                                                      Amount
                         Adjustments to reconcile net income to net cash
                         provided by operating activities
                            Title                                                             Amount
                            Title                                                             Amount
                            Title                                                             Amount
                            Title                                                             Amount
                            Title                                                             Amount    Formula
                               Net cash provided by operating activities                                Formula
                         Title
                            Title                                                             Amount
                               Net cash provided by investing activities                                Formula
                         Title
                            Title                                                             Amount
                            Title                                                             Amount
                               Title                                                                    Formula
                         Net decrease in cash                                                           Formula
                         Title                                                                          Amount
                         Title                                                                          Formula

(b)(1) Compute the cash based current cash debt-basis ratio.

                                        Amount           +          Amount
              Amount          ÷                                                           =            Formula     times
                                                       Number

                         Calculation area as desired
                         Calculation area as desired

(b)(2) Compute the cash based cash debt coverage ratio.

                                        Amount           +          Amount
              Amount          ÷                                                           =            Formula     times
                                                       Number

                         Calculation area as desired
                         Calculation area as desired

(b)(3) Compute the cash based free cash flow.

                           Amount           -                           -            Amount              =        Formula




               FileName: 00ab48d9-8b8c-4984-9051-ee94946a0d91.xls, Tab: Problem P13-7B, Page 2 of 3, 9/13/2011, 4:57 PM
Instructions for the Microsoft Excel Templates

Detail and information on Excel 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.

Type your name into the cell "D5". This will be copied by formula to the rest of the pages as required.

Type the due date of your problem into cell "I5". This will be copied by formula to the rest of the pages as required.

Type the instructor's name into cell "D6". This will be copied by formula to the rest of the pages as required.

Type the course identifier into cell "I6". This will be copied by formula to the rest of the pages as required.

The problem is identified for you in cell "B7".

In "DATE" cells enter the date in any of several formats and Excel will format it correctly.

If more than one page is preformatted into the problem, page breaks are preset and formulas are
set to copy the header into the remaining pages.

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

Place the amount in the cell where the word "AMOUNT" appears on the template. A formula may be placed in


Enter a number like 914 to signify units or gallons where the word "NUMBER" appears.

Write a formula into cells where the word "FORMULA" appears. In these cells, an amount calculated outside of


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

Insert the account number where "ACCT #" 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) vice -$400.

Enter a string like: ($259,417 X 12 months) + (0.3651 X 5,434,631) where the word TEXT appears.

				
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