Accounting 370 Excel Project 1 COMPANY : Johnson & Johnson - Accounting
Excel Project: Part I Instructions
Company Information (Tab 1), and
Historical Income Statements, Balance Sheets, and Cash Flows (Tabs 2-4)
· Choose one of the 3 companies listed in your Instructor’s Week 1 Announcement.
· Go to the Securities and Exchange Commission’s EDGAR database and access your chosen company’s most recent Form 10-K (annual report). (For help with this process, see the Module/Week 1 presentation, “Downloading Financial Statements from the SEC EDGAR Database.”)
· Create an Excel workbook, including data for your chosen company as follows:
o The 1st tab (worksheet) in your Financial Statement Analysis Template must be labeled Company Information. The following information must be included:
§ Company Name and ticker symbol
§ Industry
§ Products or services offered
§ Major competitors
§ An example of this tab is provided in Exhibit A.
o The 2nd tab in your Financial Statement Analysis Template must be labeled Historical Income Statements.
§ Include the latest three years based on SEC filings.
§ Ensure that the worksheet includes a header with:
· Company Name
· Financial Statement Name (Income Statements)
· Financial Statement Dates
· Denomination level ($s in millions or thousands, etc.)
o The 3rd tab in your Financial Statement Analysis Template must be labeled Historical Balance Sheets.
§ Include the latest three years based on SEC (10-K) filings. (Note: Some 10-Ks only provided 2 years of balance sheet data. You may need to download the second most recent 10-K for your company in order to obtain 3 years of balance sheet data.)
§ Ensure that the worksheet includes a header with:
· Company Name
· Financial Statement Name
· Financial Statement Dates
· Denomination level ($s in millions or thousands, etc.)
§ A partial balance sheet example is provided in Exhibit B.
o The 4th tab in your Financial Statement Analysis Template must be labeled Historical Statement of Cash Flows.
§ Include the latest three years based on SEC (10-K) filings.
§ Make sure that the Income Statement, Balance Sheet, and Cash Flows Statement tie in as follows:
· Net Income from Income Statement agrees with Net Income on the Statement of Cash Flows.
· Ending Cash Balance from Statement of Cash Flows agrees with Cash in the Balance Sheet.
§ Ensure that the worksheet includes a header with:
· Company Name
· Financial Statement Name
· Financial Statement Dates
· Denomination level ($s in millions or thousands, etc.)
o Other instructions:
§ The Excel workbook should be professionally formatted. Professional formatting includes:
· All numbers are formatted similarly. The use of decimals, commas for thousands, and other formatting is consistent.
· Dollar signs are included in the first and last numbers of each column.
· Subtotals and totals are preceded by a single underline. Totals are followed by a double underline.
· All extraneous information is removed from the spreadsheet. Sometimes, files downloaded from the SEC website contains extra characters or other things that need to be deleted.
· Line descriptions are indented/bolded in a manner that makes the spreadsheet easy to read.
§ All totals and subtotals should be calculated using formulas. For an example of which cells may need formulas, please see Exhibit B.
This assignment is due by 11:59 p.m. (ET) on Monday of Module/Week 2.
Exhibit A: Example Company Information Tab
Exhibit B: Example Historical Balance Sheets Tab
(IMPORTANT NOTE: Only Partial Balance Sheet shown. Your Balance Sheet should include Liabilities and Stockholders’ Equity as well.)ACCT 370
Excel Project: Part I Instructions
Company Information (Tab 1), and
Historical Income Statements, Balance Sheets, and Cash Flows (Tabs 2-4)
· Choose one of the 3 companies listed in your Instructor’s Week 1 Announcement.
· Go to the Securities and Exchange Commission’s EDGAR database and access your chosen company’s most recent Form 10-K (annual report). (For help with this process, see the Module/Week 1 presentation, “Downloading Financial Statements from the SEC EDGAR Database.”)
· Create an Excel workbook, including data for your chosen company as follows:
· The
1st tab
(worksheet) in your Financial Statement Analysis Template must be labeled Company Information. The following information must be included:
· Company Name and ticker symbol
· Industry
· Products or services offered
· Major competitors
· An example of this tab is provided in Exhibit A.
· The
2nd tab
in your Financial Statement Analysis Template must be labeled Historical Income Statements.
· Include the latest
three years
based on SEC filings.
· Ensure that the worksheet includes a header with:
· Company Name
· Financial Statement Name (Income Statements)
· Financial Statement Dates
· Denomination level ($s in millions or thousands, etc.)
· The
3rd tab
in your Financial Statement Analysis Template must be labeled Historical Balance Sheets.
· Include the latest
three years
based on SEC (10-K) filings. (Note: Some 10-Ks only provided 2 years of balance sheet data. You may need to download the second most recent 10-K for your company in order to obtain 3 years of balance sheet data.)
· Ensure that the worksheet includes a header with:
· Company Name
· Financial Statement Name
· Financial Statement Dates
· Denomination level ($s in millions or thousands, etc.)
· A partial balance sheet example is provided in Exhibit B.
· The
4th tab
in your Financial Statement Analysis Template must be labeled Historical Statement of Cash Flows.
· Include the latest
three years
based on SEC (10-K) filings.
· Make sure that the Income Statement, Balance Sheet, and Cash Flows Statement tie in as follows:
· Net Income from Income Statement agrees with Net Income on the Statement of Cash Flows.
· Ending Cash Balance from Statement of Cash Flows agrees with Cash in the Balance Sheet.
· Ensure that the worksheet includes a header with:
· Company Name
· Financial Statement Name
· Financial Statement Dates
· Denomination level ($s in millions or thousands, etc.)
· Other instructions:
· The Excel workbook should be professionally formatted. Professional formatting includes:
· All numbers are formatted similarly. The use of decimals, commas for thousands, and other formatting is consistent.
· Dollar signs are included in the first and last numbers of each column.
· Subtotals and totals are preceded by a single underline. Totals are followed by a double underline.
· All extraneous information is removed from the spreadsheet. Sometimes, files downloaded from the SEC weACCT 370
Excel Project Part I Grading Rubric
(100 point Maximum)
Criteria
Levels of Achievement
Content/Accuracy
(70 points)
Advanced
Proficient
Developing
Not present
Content/Accuracy – Tab 1 – Company Information
(10 points)
9 to 10 points
Tab included the required information, including company name, ticker symbol, industry, products or services offered, and major competitors.
7 to 8 points
Tab included the required information, including company name, ticker symbol, industry, products or services offered, and major competitors, with only minor exceptions.
1 to 6 points
Tab was missing a significant amount of the required information, and/or the information presented was incorrect.
0 points
Not present
Content/Accuracy – Tab 2 – Historical Income Statements
(20 points)
18 to 20 points
Three years of historical income statements for the primary company are included in the submission, and are based on 10-K reports from the SEC EDGAR database.
14 to 17 points
Three years of historical income statements for the primary company are included in the submission, and are based on 10-K reports from the SEC EDGAR database. Only minor exceptions are noted.
1 to 13 points
Major components of the three years of historical income statements are missing, and/or are based on incorrect sources.
0 points
Not present
Content/Accuracy – Tab 3 – Historical Balance Sheets
(20 points)
18 to 20 points
Three years of historical balance sheets for the primary company are included in the submission, and are based on 10-K reports from the SEC EDGAR database.
14 to 17 points
Three years of historical balance sheets for the primary company are included in the submission, and are based on 10-K reports from the SEC EDGAR database. Only minor exceptions are noted.
1 to 13 points
Major components of the three years of historical balance sheets are missing, and/or are based on incorrect sources.
0 points
Not present
Content/Accuracy – Tab 4 – Historical Cash Flows
(20 points)
18 to 20 points
Three years of historical cash flows for the primary company are included in the submission, and are based on 10-K reports from the SEC EDGAR database.
14 to 17 points
Three years of historical cash flows for the primary company are included in the submission, and are based on 10-K reports from the SEC EDGAR database. Only minor exceptions are noted.
1 to 13 points
Major components of the three years of historical cash flows are missing, and/or are based on incorrect sources.
0 points
Not present
Excel Formulas, Style, and Formatting
(30 points)
Advanced
Proficient
Developing
Not present
Excel Functions/Formulas
(15 points)
14 to 15 points
Excel formulas are utilized to calculate all totals and subtotals in the historical financial statements.
11 to 13 points
Excel formulas are utilized
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