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Product Description
Overview
The final project for this course is the creation of an Excel spreadsheet model that shows the consolidation worksheet , intercompany elimination entries , other consolidation entries , and the final income statement and balance sheet for a sample parent and subsidiary company . The project is divided into three milestones , which will be submitted at various points throughout the course to scaffold learning and ensure quality final submissions . These milestones will be submitted in Modules Five , Eight , and Ten .
Guidelines
The Model Assignment :
● Students will be given the description of a parent company and a subsidiary company along with the two firms ’ trial balances at book value as of December 31 , 2012 , the end of the year for both firms . ( See Company Information below .)
● The financial data will be presented in English pounds as local currency .
● Other data pertaining to the consolidation is also to be provided .
● The student will analyze the data for purpose of consolidation .
● The student will create a useful Excel model that shows the consolidation worksheet , intercompany elimination entries , other consolidation entries , and the final income statement and balance sheet .