Ahhhhh ... I'm having so much difficulty with this assignment #2. I restated the Balance Sheet no problems but my Changes in Equity and Income Statements are so different from all the examples that I've found. It's really doing my head in.
Then in Step 3, my company doesn't have any products at the moment they are still in the R&D stage. How am I suppose to guesstimate what the costs and selling prices might be????
On top of all this my Grandmother died last week and I've got to deal with all the family fall out. I live/d with her during the week and cared for her in-between work and my study. Now how so much stuff to deal with as well as my grief and this stupid assignment that I can't get my head around.
Needless to say I don't think I'll get my draft finished in time for today's upload.
Back to work ...
Hope you are getting there with the assessment. So so sad to hear about your loss.
ReplyDeleteI have only just uploaded mine as I too struggled and still think I have no idea what I am doing.
Thanks Carmen.
DeleteHey Liz, so sorry for your loss x
ReplyDeleteHere is a link to my spread sheets, maybe this helps? As my company is quite similar to yours. I too am struggling with the income statements but I did manage to do the balance sheets and statement of movements in equity.
https://docs.google.com/spreadsheets/d/1iOaRmSVlPQU27Fk-lPf_ybcCvZRHbVORfrrOKhBiILU/pubhtml
Maybe just post what you have an I can have a look for you?
Good Luck!
Thank you for your sympathy and the example. I'll take a look and see if I can work it out. Am trying to spend some time on it today.
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