Excel Across the Curriculum
Moderator & Panelist:
Dr. Kimberly Swanson Church - University of Missouri Kansas City
Panelist:
Dr. Jennifer Riley – University of Nebraska Omaha
Dr. Paul Goodchild – University of Central Missouri
Julie Kline – University of Missouri Kansas City
Angela King – Johnson County Community College
March 4, 2016
Motivation for taking on this project
 Extensive
use of Excel in Accounting Profession
 Department
 Employer
initiative to complete Excel skills assessment
perceptions of Excel skills for new hires
 Survey
– Given to business professionals in the KC area
during an Excel conference
 Onset
of Big Data requires an advanced Excel
skillset
 Like
other technology skills…
 Excel
is a large/diverse skillset that requires repetition for
learning/recall.
Why not just cover the Excel skills in AIS?
Technology is pervasive in accounting, where does
it make sense to partition the technology skills
necessary for our students’ success?
 ERP/Databases
 Data analytics
 diagramming tools
 project management tools
 audit support tools
 general ledger
 Excel
 Etc…
Excel Skills Approach Across the Curriculum
 Published
resources for purchase/download with
Excel included
 Update
your own assignment/activity to include
basic Excel skills
 Create
an Excel skills lesson within a project
 Critical
thinking Excel skills within an
exercise/project
What can you do?
Published: Systems Understanding Aid,
8th Edition
Manual full accounting cycle (Paper-based system )
and Excel-based accounting cycle
Faculty Quote (from their website)
“There is no other tool out there that allows accounting students to work through
the entire accounting cycle, from transaction analysis through closing entries.
It does an excellent job of helping students understand this process.“
+Also offer same company and project
in General Ledger software packages
Published: Systems Understanding Aid,
8th Edition
WAREN SPORTS SUPPLY
BALANCE SHEET
AT DECEMBER 31, 2013 AND 2012
ASSETS
2013
2012
CURRENT ASSETS
Cash
Accounts receivable - net
Inventory
Marketable securities
Total current assets
$109,962.33
44,013.24
196,461.00
24,000.00
374,436.57
$11,025.19
7,814.19
101,681.00
0.00
120,520.38
FIXED ASSETS - Net of
accumulated depreciation
215,921.00
239,105.50
$590,357.57
$359,625.88
Total assets
LIABILITIES & STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable
Payroll taxes withheld
and payable
Federal income taxes payable
Interest payable
Total current liabilities
$8,767.15
$11,279.35
4,062.45
52,293.66
197.26
65,320.52
3,284.54
29,797.00
0.00
44,360.89
NOTE PAYABLE
Total liabilities
80,000.00
145,320.52
0.00
44,360.89
STOCKHOLDERS' EQUITY
Common stock
Retained earnings
Total stockholders' equity
225,000.00
220,037.05
445,037.05
225,000.00
90,264.99
315,264.99
$590,357.57
$359,625.88
Total liabilities and
stockholders' equity
Update: Documentation Assignment
Create: Using Excel to Create Source Documents
Step 1: Excel tutorial using updated version of
Taylor and Pennington (2009). Excel 2007: A tutorial of
basic skills for accounting and business majors. C3 volume 4.
Step 2: Excel assignment
 Unformatted data
 Create worksheets
 Create usable source documents w/ internal controls
 Data validation, named ranges, drop lists
 Vlookup, hlookup
Critical Thinking: Business Intelligence with Pivot
Tables
Step 1: A tutorial using Kovar, Kovar, Vogt (2009)
Pivot Table Toolkit: Materials for Integrating Pivot Tables
in the Accounting Curriculum. C3, Volume 4
Step 2: Pivot Table Assignment
 Unformatted data
 Develop reasonable business questions
 Answer questions with pivot tables and pivot charts
Excel Skills in Managerial Accounting Courses

Published: Publisher provided materials

Update: your own assignment/exercise to include basic
Excel skills

Create: an Excel skills lesson within an exercise/activity

Critical thinking: larger set of Excel skills within an
exercise/project
Published: Managerial Accounting, Garrison et al.
Preformatted Excel worksheets for
specific chapter questions.
Narrated slides to
complete Excel file
New for version 14 is a Word file that
provides formula details
Published: Understanding Corporate Annual
Reports, Pasewark
Preformatted Excel worksheets for
ratio analysis.
Example Excel file
Workbook style text and Advanced Analysis
Word file.
Published: Bloomberg Terminal
U.S. and International news
Downloadable (company) data into Excel
Corporate and Industry Research
Create: Journal Entries, T-accounts, & Statements
Blank Excel worksheets: small group projects
Update: Budget Project
Critical thinking: Financial: Data Analysis Project
Critical thinking: Cost: Budget Project
Excel Skills in Financial & Audit Accounting Courses

Published: Publisher provided materials

Update: your own assignment/exercise to include basic
Excel skills

Create: an Excel skills lesson within an exercise/activity

Critical thinking: larger set of Excel skills within an
exercise/project
Published: Auditing & Assurance Services, Messier et al.
Update: Financial statements
Create/Critical Thinking: Financial Statement Project
Create/Critical Thinking: Financial Statement Project, cont
Excel Skills in Specialized Accounting Courses

Published: Publisher provided materials

Update: your own assignment/exercise to include basic
Excel skills

Create: an Excel skills lesson within an exercise/activity

Critical thinking: larger set of Excel skills within an
exercise/project
Update:
Computerized Accounting Problems
– Required 3 hour course in JCCC’s A.A.S. Accounting degree
- Created 12 years ago due to advisory board feedback
- Offered via hybrid, face-to-face and online
- Accounting problems solved in Excel
Published:
1
2
3
4
Textbook
Lesson #4 – Loan and Bond Amortization
Points
Using Excel & Access For
Accounting
Using Excel & Access For
Accounting
Using Excel & Access For
Accounting
Excel Applications for
Accounting Principles
Read Chapter 5. Complete ‘Chapter 5 Assignments’ #1 &
#2 for Coast Jewelers. p.113-114
Complete Chapter 5 Case Problem #1 – Kelly’s
Boutique. p.114-115
Complete Model Building Problem 13 (M13) through the
chart. (Bond Disc & Prem Amort Schedule) p. 168
Complete Model Building Problem 27 (M27), including
the chart (Loan Payment Schedule). p.183
15
15
10
10
50
Create:
- First two weeks, learn Excel basics
- Different weekly topics:
- Financial Statement Preparation and Analysis
- Depreciation Schedules
- Bond and Loan Amortization Schedules
- Budgeting
- Predicting Costs
- CVP Analysis
- Capital Budgeting Analysis
- Pivot Tables
Critical thinking:
- What If Analysis
- Pivot Tables – Given 300+ rows of data with 15 columns, the
student must determine how to set-up the pivot table to achieve
the desired result.
- Microsoft Access – Queries & Reports
Conclusion – Excel Across the Curriculum
Basic Skills
Basic Mathematical Function (count, sum, average, max, min, rounding...)
Identify
accepted
Excel
skills for
your
students
Find and/or Replace (using a dialog box to locate cells)
Filter, Sort, Subtotal data (feature to rearrange or extract data in cells)
Intermediate Skills
Text to Columns (separate contents of a cell using the data menu, transposing column to
row)
Conditional Formatting (using a dialog box to self-create a formula rule for formatting of
specific cells, often used when buit-in formatting isn't enough, for example fuzzy
dupes)
Importing/Exporting data (import data from another source)
Advanced Skills
Setup and Use Excel Macros (self-created functions to perform specific tasks)
Vlookup/Hlookup (=vlookup (Cell reference, array, column index, [True/False])
Pivot Table (data summarization tool for large amount of data)
Conclusion – Excel Across the Curriculum
Basic Skills
Basic Mathematical Function (count, sum, average, max, min, rounding...)
Determine
Excel
skills
coverage
in your
course
Find and/or Replace (using a dialog box to locate cells)
Filter, Sort, Subtotal data (feature to rearrange or extract data in cells)
Intermediate Skills
Text to Columns (separate contents of a cell using the data menu, transposing column to
row)
Conditional Formatting (using a dialog box to self-create a formula rule for formatting of
specific cells, often used when buit-in formatting isn't enough, for example fuzzy
dupes)
Importing/Exporting data (import data from another source)
Advanced Skills
Setup and Use Excel Macros (self-created functions to perform specific tasks)
Vlookup/Hlookup (=vlookup (Cell reference, array, column index, [True/False])
Pivot Table (data summarization tool for large amount of data)
Conclusion – Excel Across the Curriculum
Map Excel skills list to your
accounting curriculum
Basic Skills
Basic Mathematical Function (count, sum, average, max, min, rounding...)
Cell Formatting (change display within a cell: floating point, currency, text, bold,
underline, highlight, date...)
Use of dynamic cells (avoiding the use of static solutions (etc.) in place of
calculations/formulas to reuse worksheets)
Print formatting (fit to page, page breaks, etc)
Text Manipulation (Left, Right, Concatenate, etc)
BSA Course Coverage
Systems Audit
x
X
x
x
x
x
X
Conclusion – Excel Across the Curriculum
Identify the gaps in Excel skills
for your curriculum
What do we do here?
Basic Skills
Basic Mathematical Function (count, sum, average, max, min, rounding...)
Keyboard Shortcuts (Ctrl+C to copy/ Ctrl+V to paste)
Pasting Special Types (using a dialog box to paste complex items using specific
attributes or mathematical functions)
Cell Formatting (change display within a cell: floating point, currency, text, bold,
underline, highlight, date...)
Use of dynamic cells (avoiding the use of static solutions (etc.) in place of
calculations/formulas to reuse worksheets)
BSA Course Coverage
Financial
Systems Audit
Managerial
X
X
X
x
X
X
X
x
x
Is once enough?
X
Tax
X
Conclusion – Excel Across the Curriculum
More questions for our panelist?
Systems Understanding Aid, 8th Edition
By Arens and Ward
Armond Dalton publisher ISBN# 978–0–912503–38–7
Suggested Retail Price to Students: $64.50

http://www.armonddalton.com/publications/systems-understanding-aid-2/
SIMnet for Office 2013
http://successinhighered.com/cit/simnet/
Videos and interactive “Guide Me” pages to allow students to study MS Office
skills on any devices.
CONTENT LISTING - SIMnet Online for Office 2013 includes the following modules:

Microsoft® Office Suite

Microsoft® Outlook

Computer Concepts

Windows 8, 7, Vista & XP

Internet Explorer 9, 8 & 7

contact your McGraw-Hill representative.
Excel-Based Decisions in Managerial
Accounting (2014)
By Stephenson & Porter
Armond Dalton publisher ISBN# 978-0-912503-49-3
Suggested Retail Price to Students: $69.00

http://www.armonddalton.com/publications/excel-based-decisions-in-managerial-accounting/
Computerized Auditing Using ACL
Data Analytics
3rd Edition (2013)
By Arens, Elder and Borsum
ISBN# 978–0–912503–43–1
Suggested Retail Price to Students: $87.00
http://www.armonddalton.com/publications/computerized
-auditing-using-acl-data-analytics/

ACL is suitable for financial auditing by CPA firms,
internal auditors, or government auditors, or for
operational auditing by internal or other auditors.
Managerial Accounting v 14e

By Garrison, Noreen and Brewer

McGraw-Hill publisher ISBN: 0078111005

Copyright year: 2012

Text information
http://highered.mheducation.com/sites/0078111005/info
rmation_center_view0/index.html
Understanding Corporate Annual Reports v 7

By William R. Pasewark

McGraw-Hill publisher ISBN: 0073526932

Copyright year: 2009

Text information
http://highered.mheducation.com/sites/0073526932/info
rmation_center_view0/index.html
Bloomberg Terminal

By Bloomberg L.P.

The Bloomberg Professional service brings together real-time data on
every market, unparalleled news and research, powerful analytics,
communications tools and world-class execution capabilities — in one
fully integrated solution.

http://www.bloomberg.com/professional/products-solutions/