complete requirements

fill in the adjusting Entries

Post adjusting Entries to the General Ledger

fill in the adjusted trial balance

fill in the financial statements

Transcribed Image Text:

Course Project Overview The Course Project consists of 12 Requirements for you to complete. The Course Project is due at the end of Week 9. See the Modules section for due date information. All of the information you need to complete the Course Project is located in this Workbook. There are eight worksheets in the workbook you will need to complete. A list of March transactions A Chart of Accounts reference sheet A Grading Rubric to help explain what is expected. Each worksheet has the Check Figures embedded as a comment. Scenario You've just secured a new client in your accounting practice, Howard's Flight Radio Management Corporation (HFRM), a brand new small business specializing in flight management systems (FMS). The owner, Howard Allan, is a former Air Force pilot and retired Colonel, but definitely not an accountant. Your job is to help Howard put his affairs in order. Luckily Howard has only been in operation for a month and things have not gotten too out of hand yet! Howard has to submit his financial statements to his investors and doesn't know where to begin. It's your job to go through the complete Accounting cycle to prepare the financial statements for the HFRM. Requirements Guidelines Requirement MGMT210: Course Project Requirement Description Worksheet Name 1 Prepare the Journal Entries in the General Journal 1-Journal Entries 2 Post Journal Entries to the General Ledger 3 Prepare a Trial Balance Prepare the Adjusting Entries Post Adjusting Entries to the General Ledger Prepare an Adjusted Trial Balance 7 Prepare the Financial Statements Prepare the Closing Entries 2- General Ledger 3-Trial Balance 4- Adjusting Entries 2- General Ledger 5- Adjusted TB 6- Financial Statements 7-Closing Entries 9 Post Closing Entries to the General Ledger 2- General Ledger 10 Prepare the Post Closing Trial Balance 11 Compute Ratios 12 Interpret the Ratios 8-Post Closing Trial Balance 11-Ratios 12-Interpretation of Ratios Use the embedded assistance in the template, guidance in your textbook, and examples in the weekly assignments to complete this project. Should you have any questions contact your professor. Milestone 1 is due in Week 3 - This includes project requirements 1-3. Milestone 2 is due in Week 6 - This includes project requirements 4-7. Milestone 3 is due in Week 9 - This includes project requirements 8-12. Course Project Overview The Course Project consists of 12 Requirements for you to complete. The Course Project is due at the end of Week 9. See the Modules section for due date information. All of the information you need to complete the Course Project is located in this Workbook. There are eight worksheets in the workbook you will need to complete. A list of March transactions A Chart of Accounts reference sheet A Grading Rubric to help explain what is expected. Each worksheet has the Check Figures embedded as a comment. Scenario You've just secured a new client in your accounting practice, Howard's Flight Radio Management Corporation (HFRM), a brand new small business specializing in flight management systems (FMS). The owner, Howard Allan, is a former Air Force pilot and retired Colonel, but definitely not an accountant. Your job is to help Howard put his affairs in order. Luckily Howard has only been in operation for a month and things have not gotten too out of hand yet! Howard has to submit his financial statements to his investors and doesn't know where to begin. It's your job to go through the complete Accounting cycle to prepare the financial statements for the HFRM. Requirements Guidelines Requirement MGMT210: Course Project Requirement Description Worksheet Name 1 Prepare the Journal Entries in the General Journal 1-Journal Entries 2 Post Journal Entries to the General Ledger 3 Prepare a Trial Balance Prepare the Adjusting Entries Post Adjusting Entries to the General Ledger Prepare an Adjusted Trial Balance 7 Prepare the Financial Statements Prepare the Closing Entries 2- General Ledger 3-Trial Balance 4- Adjusting Entries 2- General Ledger 5- Adjusted TB 6- Financial Statements 7-Closing Entries 9 Post Closing Entries to the General Ledger 2- General Ledger 10 Prepare the Post Closing Trial Balance 11 Compute Ratios 12 Interpret the Ratios 8-Post Closing Trial Balance 11-Ratios 12-Interpretation of Ratios Use the embedded assistance in the template, guidance in your textbook, and examples in the weekly assignments to complete this project. Should you have any questions contact your professor. Milestone 1 is due in Week 3 - This includes project requirements 1-3. Milestone 2 is due in Week 6 - This includes project requirements 4-7. Milestone 3 is due in Week 9 - This includes project requirements 8-12.