Project

Acct 3511 Intermediate I ~ TEMPLE UNIVERSITY - FOX SCHOOL OF BUSINESS

_______________________________________________________________________________ _______________________________________________________________________________ Highlight your Section: & your Section: MWF 11 am or 5:30 PM Instructions & Requirements (& see BB’s) Points off Group score if each one not strictly followed): 1. When Project is complete, Group Leader should save Excel file as "3511 Project____" (Group Leader's last name in the blank) & email attachment (with Subject titled same as file name) to TA Steve at stephen.essig@temple.edu & cc all Group Members by Noon, Friday 4/26 (1 point per minute late penalty ) or Noon, Monday 4/22 for 5 pts EC to Project score (no partial EC). ( 5 pt Penalty per missing or incorrect: Member, File Name or Subject as required above ). 2. Do these Steps on Excel (apply GAAP to 2nd Year events & considering all 1st Year Facts & Solutions) & use the same format as Year 1, except for comparative FS’s, detailed Notes, & keep Year 1 as a separate Tab (also keep this page & next Events Page at the top of your Year 2 Tab), & any use of other formats copied from anyone or the Internet may result in project or course failure. 1) Record complete JE’s by Date & Ref.# (AJE’s on Worksheet); round all entries to $’s (no cents). 2) Post JE info to GL accts (in proper FS order) & use "Beg" & JE Ref. # (Yr 2) for each amount.

(Important Note: Input all real acct beg. balances & check that GL balances before posting 2nd Yr JE’s).

3) Prepare 10-column Worksheet, including all Adjusting Entries (AJE's) needed at 12/31, with cross-referenced dr's & cr's & footnoted explanations & calculations below the Worksheet. 4) Prepare all comparative 2nd Year FS's, and include all FS Notes (using Kellogg's as a general guide), adhering to the Full Discolsure Concept & specifically including a FIFO Reserve, entire bond amortization schedule & for up to 5 pts EC, the other Stmt of CFs...