Excel Project: Historical Financial Statements Assignment Instructions
Overview
Company Information (Tab 1), and Historical Income Statements, Balance Sheets, and Cash Flows (Tabs 2-4)
Instructions
· Choose one of the 3 companies listed in your Instructor’s Module 1: Week 1 Excel Project 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 1: 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.
Note: Your assignment will be checked for originality via the Turnitin plagiarism tool.
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.)