Create a Financial Statement using Microsoft Excel

Offered By
Coursera Project Network
In this Guided Project, you will:

U​nderstand the components and variations of a Financial Statement

C​omplete a Transactions page and Profit and Loss statement that summarizes monthly transactions.

U​nderstand the components of a Balance Sheet.

Clock2 hours
CloudNo download needed
VideoSplit-screen video
Comment DotsEnglish
LaptopDesktop only

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.

Skills you will develop

  • Spreadsheet
  • Financial Statement
  • Balance Sheet
  • Calculations

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:

  1. Log into Microsoft Excel Online and open a blank spreadsheet.

  2. Identify the assumptions for the financial statement and create a Transactions page.

  3. Create a Profit and Loss statement that summarizes monthly transactions.

  4. Use the SUMIFS formula to populate the categories for the Profits and Loss with the transactions.

  5. Understand the components of a Balance Sheet and complete the Assets section

  6. Complete the Liabilities and Owner’s Equity sections of the Balance Sheet and perform a final balance check.

How Guided Projects work

Your workspace is a cloud desktop right in your browser, no download required

In a split-screen video, your instructor guides you step-by-step

Frequently asked questions

Frequently Asked Questions

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