Excel in the Accounting Curriculum – Where and How Debby Bloom-Hill, CMA, CFM Accounting Instructor Mitchell Community College, Statesville, NC

Where in the Accounting Curriculum? Principles of Accounting – Investments Date functions, counting days using Excel, interest earned, future value – Fixed assets and depreciation Depreciation tables and charts – Long term liabilities and bonds Amortize lease, installment loans and bonds using interest method, present value calculations 2

Where in the Accounting Curriculum? Intermediate Accounting – All of the above, plus – Inventory Inventory database (Excel 2013) Cost/Managerial Accounting – Cost Behavior Introduction to data, sorting and high/low, regression analysis, scatter charts 3

Where in the Accounting Curriculum? Cost/Managerial Accounting (continued) – CVP Analysis What if analysis, goal seek – Flexible Budgeting Relative and absolute cell references, scenario manager – Capital Budgeting Time value of money, NPV and IRR functions in Excel 4

Where in the Accounting Curriculum Other courses – Auditing – use Excel’s statistical package – Advanced Accounting – use Excel for consolidations and partnership liquidations Dedicated course in Excel for Accounting – Sample syllabus included 5

Sample Syllabus for Excel and Accounting 6

7