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Match the threats in the first column to the appropriate control procedures in the
second column (more than one control may address the same threat).
Excel Project 1
(Hint: For help on steps b and c, see the article Dial a Forecast, by James A. Weisel, in the
December 2006 issue of the Journal of Accountancy. The Journal of Accountancy is available
in print or online at the AICPAs Web site: www.aicpa.org
Required:
Create a 12-month cash flow budget in Excel using the following assumptions:
Initial sales of $5,000,000 with forecasted monthly growth of 1%
40% of each months sales for cash; 30% collected the following month; 20%
collected 2 months later; 8% collected 3 months later; and 2% never
collected
Initial cash balance of $350,000
Add a spinner to your spreadsheet that will enable you to easily change
forecasted monthly sales growth to range from 0.5% to 1.5% in increments
of 0.1%.
Add a scroll bar to your spreadsheet that will let you modify the amount of
initial sales to vary from $4,000,000 to $6,000,000 in increments of
$100,000.
Expand the cash budget you to include a row for expected cash outflows
equal to 77% of the current months sales.
Also add row to calculate the amount of cash that needs to be borrowed, in
order to maintain a minimum cash balance of $50.000 at the end of each
month
Add another row to show the cumulative amount borrowed
Add another row to show the amount of the loan that can be repaid, being
sure to maintain a minimum ending balance of $50.000 each month
Add appropriate data validation controls to ensure spreadsheet accuracy
Excel Project 2
Prepare Account receivable aging report using the following data of unpaid invoices from
the accounts receivable subledger.
Invoice
Invoice date Customer name Region Sales person Amount Due date
number
Invoice 1002 08.05.16 Customer B East Michael Lang 10.160,49 23.05.16
Invoice 1010 23.05.16 Customer A South John Apple 5.629,18 12.06.16
Invoice 1012 29.05.16 Customer D South Iris Melrose 15.163,41 13.06.16
Invoice 1013 04.06.16 Customer M West Philip Wang 1.630,23 19.06.16
Invoice 1014 05.06.16 Customer E West Laura Star 13.291,38 25.06.16
Invoice 1019 10.06.16 Customer C West Philip Wang 11.619,32 10.07.16
Invoice 1020 14.06.16 Customer H East Michael Lang 10.104,52 29.06.16
Invoice 1021 15.06.16 Customer A South John Apple 3.993,79 05.07.16
Invoice 1022 25.06.16 Customer F North Rose Linger 10.987,67 25.07.16
Invoice 1023 25.06.16 Customer D South Iris Melrose 17.094,97 10.07.16
Invoice 1025 25.06.16 Customer M West Philip Wang 2.187,04 15.07.16
Invoice 1026 30.06.16 Customer K East Susan Ward 12.983,09 30.07.16
Invoice 1033 02.07.16 Customer K East Susan Ward 12.094,98 17.07.16
Invoice 1034 02.07.16 Customer B East Michael Lang 11.980,00 22.07.16
Invoice 1035 08.07.16 Cutomer X South John Apple 7.234,09 07.08.16
Invoice 1036 10.07.16 Customer M West Philip Wang 1.473,02 25.07.16
Invoice 1038 15.07.16 Customer E West Laura Star 7.938,23 04.08.16
Invoice 1039 18.07.16 Customer E West Laura Star 9.063,09 17.08.16
Invoice 1044 19.07.16 Customer F North Rose Linger 6.789,54 03.08.16
Invoice 1045 20.07.16 Customer F North Rose Linger 8.925,75 09.08.16
Invoice 1046 23.07.16 Customer O North Rose Linger 4.570,89 22.08.16
Invoice 1050 26.07.16 Customer B East Susan Ward 9.857,84 10.08.16
Invoice 1051 29.07.16 Customer H East Michael Lang 9.997,98 18.08.16
Invoice 1053 01.08.16 Customer K East Susan Ward 10.922,22 31.08.16
Invoice 1054 04.08.16 Customer F North Rose Linger 5.893,02 19.08.16
Invoice 1055 06.08.16 Cutomer X South John Apple 8.230,87 26.08.16
Invoice 1059 08.08.16 Customer A South John Apple 4.982,01 07.09.16
Invoice 1060 09.08.16 Customer F North Rose Linger 6.008,98 24.08.16
Invoice 1067 11.08.16 Customer L East Susan Ward 13.000,81 31.08.16
Invoice 1068 02.09.16 Customer E West Laura Star 12.085,93 02.10.16
Invoice 1070 08.09.16 Customer M West Philip Wang 3.054,98 23.09.16