ACCT$-322$ Budgeting $-$ Financial Modeling Assignment

For this assignment, groups can be formed of up to $3$ people. You also have the option of doing the

assignment in pairs. Only one person in your group will submit a finalized master budget, so decide

who that will be$.$

The project will require you to use Microsoft Excel to complete and automate a budget. I am looking

for your budgeting skills as well as your excel skills in this assignment. I want a professionally

presented document.

In a properly built spreadsheet, if the input numbers are changed, then all the

supporting schedules should automatically update.

Required:

Read the case "Cravat Sales Company".

Prepare the following budgets and schedules for the second quarter $($April $-$ June$)$ using MS

Excel.

A Sales budget for April, May, and June.

A cash collections budget $($from sales$)$ for April, May, and June.

A purchase budget $($inventory$)$ in units and in dollars for April, May, and June.

A cash payment budget $($for inventory$)$ for April, May, and June.

A selling and admin. $($operating$)$ expenses budget for April, May, and June.

A cash payment budget for selling and admin. $($operating$)$ expenses for April, May, and June.

A Cash budget for April, May, and June.

There should be no manual input into the Output Section. All cells are to contain formula.

Read the helpful hints given below

Hand in:

Your excel file and be sure to keep a backup copy of your file. Please use the following naming

convention: First name$-$Last name$-$Budgeting assignment $($e$.$g$.$ Humayun$-$Qadri$-$ Budgeting

assignment$)$

Note:

Please remember that each group is to work independently. You are not allowed to share files

between groups. If you share your excel file, I will give the group who gave the file and also the

receiving group a grade of zero and report you to the MacEwan Academic Integrity Officer. It is

important for each group to earn the grade that they receive. If you have any questions, please

discuss with me$.$ I don't want you to put yourself in a difficult situation.

Helpful Hints

Remember to save frequently. Also, check for viruses.

Don't forget the following characteristics of a good spreadsheet:

it works

it looks neat and is well organized