Setting up a financial statement accounting assignment help

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Create a horizontal trend analysis of the reported Compnet financial statements. This worksheet should list each financial statement (balance sheet and income statement in this order) on two Excel worksheets (one worksheet file).

  • In column A, you would list each account on the statement (make sure you show the various categories of accounts).
  • In column B and following, you would present the annual totals of each account with a monetary difference (absolute) column to compare one year to the next year and a percentage difference column.
  • Therefore, for each of the two years reported, you will have Y1, Y2, Difference, and Percentage Difference columns. Your trend analysis must include three historical years. Therefore you need to compare Y1 to Y2 and then Y2 to Y3 (fiscal years 2012–2014).

    • Part II: Summary

    After completing the computations on each of the three financial statements, provide a 1-page summary of the trends that you have observed. Describe the material trends by the category of accounts. Did that category of account increase, decrease, and if so by what amount and percentage. Remember to only discuss the major or material trends that you have observed.

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