By the end of this project, you will be able to complete a financial statement with Microsoft Excel, composed of a transactions page, profit and loss statement, and balance sheet. You will learn how to enter your business transactions and interpret the data presented in the profit and loss statement. You will also learn about the components of a balance sheet and will have a better understanding of how a financial statement can be used to help track and present financial information for your company.
Create a Financial Statement using Microsoft Excel
Create a Financial Statement using Microsoft Excel
Instructor: Paula Del Rey
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Learn, practice, and apply job-ready skills with expert guidance
4.5
(654 reviews)
Intermediate level
Recommended experience
2 hours
Learn at your own pace
Hands-on learning
What you'll learn
Understand the components and variations of a Financial Statement
Complete a Transactions page and Profit and Loss statement that summarizes monthly transactions.
Understand the components of a Balance Sheet.
Skills you'll practice
Details to know
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Taught in English
No downloads or installation required
Only available on desktop
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About this Guided Project
Learn step-by-step
In a video that plays in a split-screen with your work area, your instructor will walk you through these steps:
Log into Microsoft Excel Online and open a blank spreadsheet.
Identify the assumptions for the financial statement and create a Transactions page.
Create a Profit and Loss statement that summarizes monthly transactions.
Use the SUMIFS formula to populate the categories for the Profits and Loss with the transactions.
Understand the components of a Balance Sheet and complete the Assets section
Complete the Liabilities and Owner’s Equity sections of the Balance Sheet and perform a final balance check.
Recommended experience
Basic knowledge in finances and spreadsheets
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Instructor
Instructor ratings
4.3 (57 ratings)Offered by
How you'll learn
Skill-based, hands-on learning
Practice new skills by completing job-related tasks.
Expert guidance
Follow along with pre-recorded videos from experts using a unique side-by-side interface.
No downloads or installation required
Access the tools and resources you need in a pre-configured cloud workspace.
Available only on desktop
This Guided Project is designed for laptops or desktop computers with a reliable Internet connection, not mobile devices.
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Learner reviews
4.5
654 reviews
- 5 stars
67.17%
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21.06%
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6.41%
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1.37%
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Showing 3 of 654
AA
4
Reviewed on Feb 7, 2023
The overall course was good but balance sheet should also be thought by using Microsoft excel formulas, that was usually used for the larger organisations
AL
5
Reviewed on Jan 18, 2024
Easy to understand and practical. Even a college student can easily navigate with the instructions and formulas given. The instructor has clear voice and good to listen.
AJ
5
Reviewed on Mar 24, 2024
Great training experience! Clear and concise training module and easy to understand.
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Frequently asked questions
Because your workspace contains a cloud desktop that is sized for a laptop or desktop computer, Guided Projects are not available on your mobile device.
Guided Project instructors are subject matter experts who have experience in the skill, tool or domain of their project and are passionate about sharing their knowledge to impact millions of learners around the world.
You can download and keep any of your created files from the Guided Project. To do so, you can use the “File Browser” feature while you are accessing your cloud desktop.