This guide is for ACCT 402 Week 6 Excel Spreadsheet Project Part 2, start to submission. Part 2 of the Computer Project: complete the consolidation worksheet and show how the result is the same under each investment method.
ACCT 402 is Consolidations and Advanced Accounting Topics, 3 credit hours, in Liberty University's BS in Accounting. Canvas and the course guide file print the code as ACCT402; it is the same course.
| Course | ACCT 402 Consolidations and Advanced Accounting Topics |
|---|---|
| Module/Week | 6 |
| Points | 120 points |
| Length | Excel workbook (Part 2) |
| Sources | The textbook's Computer Project data and Part 1 |
| Faith integration | Not required by the guide |
| Format | Microsoft Excel |
What ACCT 402 Week 6 Excel Spreadsheet Project Part 2 asks for
Part 2 completes the Excel spreadsheet project illustrating consolidation under the equity, partial equity or initial value method. It is due in Module/Week 6 with Hoyle et al. chapter 4. Worth 120 points, the largest assignment outside homework and quizzes.
Where it fits in ACCT 402
In the published schedule, Excel Spreadsheet Project Part 2 is one of 6 graded written assignments in ACCT 402. It follows Week 5 Excel Spreadsheet Project Part 1 and comes before Week 7 Group Discussion Board Forum 4.
How ACCT 402 Week 6 Excel Spreadsheet Project Part 2 is graded
Liberty grades Excel Spreadsheet Project Part 2 with the rubric attached to the assignment in Canvas, worth 120 points in the published guide. That is about 12% of the course's 1,010 points. Open the rubric before you draft and read across each row: the top column describes what full credit looks like, and the gap between columns tells you what costs points.
Course grades in ACCT 402 use Liberty's point scale: an A is 900 to 1010 points of the course total. Missing the length or source minimum usually costs points on several rows at once, which is why the checklist below starts with them.
Timing in the published guide: Each course module/week (except Module/Week 1) begins on Tuesday morning at 12:00 a.m. (ET) and ends on Monday night at 11:59 p.m. (ET). The final module/week ends at 11:59 p.m. (ET) on Friday. Check the due dates in your Canvas section, which govern.
The ACCT 402 Week 6 method, step by step
Set up the data before the write-up
Work through the Excel Spreadsheet Project Part 2 calculations or software steps first and save the output. The written part interprets those numbers, so they have to be right before you explain them.
Show the method
Say which method, formula or test you used and why it fits the question. Graders want to see that the choice was deliberate.
Report the results plainly
Report each result with its value and what it measures. Tables and figures help when they are labeled and referred to in the text.
Interpret in the context of the question
Translate the numbers into a conclusion about the question. Say what decision they support and how confident you can be.
Name the limits
Name the assumptions and limits. A result with its limits stated reads as professional.
Submit the files the guide asks for
Submit every file requested and check that formulas, output and the write-up agree (Excel workbook, Part 2).
A structure for ACCT 402 Week 6 Excel Spreadsheet Project Part 2
Word targets are planning numbers for about 900 words of body text, set by the length in the guide; the rubric decides where to spend more.
| Section | What it must do | Target |
|---|---|---|
| Consolidation entries | S, A, I, D and E entries or their equivalents. | ~310 words |
| Worksheet | Parent, subsidiary, eliminations, consolidated. | ~290 words |
| Method comparison | The same consolidated totals under each method. | ~180 words |
| Checks | Balanced worksheet. | ~130 words |
A topic angle that works
The key lesson is that the parent's internal method changes its own books and the consolidation entries but not the consolidated statements. Build a check row that shows consolidated net income is identical under all three methods.
Model paragraph with notes
An original paragraph written by our desk to show the register that earns full rubric credit. It is study material: learn the moves, then write your own.
Under the equity method the parent's investment account already reflects its share of subsidiary income and amortization, so the worksheet eliminates that income; under the initial value method the parent records only dividends, so an extra entry converts its retained earnings to the equity basis.1 In every case consolidated net income is $412,000, which the check row confirms.2
- Explains the difference by method.
- Shows identical results.
- A check row.
Mistakes that cost points on ACCT 402 Week 6
- Consolidated totals that differ by method.
- An unbalanced worksheet.
- Missing eliminations.
Checklist before you submit
- Length: Excel workbook (Part 2)
- Sources: The textbook's Computer Project data and Part 1
- Calculations checked and output saved
- Every table and figure referred to in the text
- Each rubric row read against the section that answers it
Questions students ask
Does the investment method change ACCT 402 consolidated statements?
No. It changes the parent's books and the consolidation entries, but the consolidated statements are the same.
How many points is ACCT 402 Week 6 Excel Spreadsheet Project Part 2 worth?
120 points in Liberty's published course guide for ACCT 402, out of a course total of 1,010 points (about 12% of the grade). The rubric attached to the assignment in Canvas shows how those points are divided.
Is ACCT 402 Week 6 the same in every section of ACCT 402?
This guide follows Liberty's published course guide for ACCT 402. Liberty notes that course content can change from term to term, so if your Canvas section shows different instructions, a different week or different points, follow Canvas and your instructor.
Want a tutor to look at your draft?
Send the instructions and what you have so far. A Liberty tutor replies with what to fix first, usually within the hour.