Worksheets List

Chapter 5, Page91
Chapter 5, Page92
Chapter 5, Page94
Chapter 5, Page95
Chapter 5, Page96
11- General Details
14- Months Lists
16- Notes Lists
15 - BS, P&L Level
 XYZ Corporation Inc.
Income Statement
For the year ended December 31, 2003

Notes 2003 2002

Revenue 20
Sales 2,920,093 2,633,626
Services 955,214 725,458
Total Revenue 3,875,307 3,359,084

Cost of Goods Sold

Materials 854,521 733,352
Labor & Subcontractors Costs 602,125 536,645
Other Cost of goods sold 384,521 350,241
Increase / Decrease in Inventories 21 -26,040 -30,254
Total Cost of Goods Sold 1,815,127 1,589,984

Gross Income 2,060,180 1,769,100

Operating Expenses
Selling 480,161 441,256
General & Administrative 22 758,542 675,992
Other Operating Expense 23 275,541 260,887
Amortization 59,312 50,221
Total Operating Expenses 1,573,556 1,428,356

Net Income before Operations 486,624 340,744

Operating Income (Loss)

Other income (expense) 24 32,512 -2,521
Interest expense 75,421 62,584
Total Operating Income 107,933 60,063

Income (Loss) Before Income Taxes 378,691 280,681

Provision (benefit) for income taxes 25 149,523 133,251
Net Income (Loss) for the year 229,168 147,430
Retained Earnings beginning of the year 26 943,314 795,884
Retained Earnings 1,172,482 943,314
 XYZ Corporation Inc.
Income Statement
For the year ended December 31, 2003

Notes 2003 2002

Revenue 20
Sales 2,920,093 2,633,626
Services 955,214 725,458
Total Revenue 3,875,307 3,359,084

Cost of Goods Sold

Materials 854,521 733,352
Labor & Subcontractors Costs 602,125 536,645
Other Cost of goods sold 384,521 350,241
Increase / Decrease in Inventories 21 -26,040 -30,254
Total Cost of Goods Sold 1,815,127 1,589,984

Gross Income 2,060,180 1,769,100

Operating Expenses
Selling 480,161 441,256
General & Administrative 22 758,542 675,992
Other Operating Expense 23 275,541 260,887
Amortization 59,312 50,221
Total Operating Expenses 1,573,556 1,428,356

Net Income before Operations 486,624 340,744

Operating Income (Loss)

Other income (expense) 24 32,512 -2,521
Interest expense 75,421 62,584
Total Operating Income 107,933 60,063

Income (Loss) Before Income Taxes 378,691 280,681

Provision (benefit) for income taxes 25 149,523 133,251
Net Income (Loss) for the year 229,168 147,430
Retained Earnings beginning of the year 26 943,314 795,884
Retained Earnings 1,172,482 943,314
 XYZ Corporation Inc.
Income Statement
For the year ended December 31, 2003

Notes 2003 2002

Revenue 20
Sales 2,920,093 2,633,626
Services 955,214 725,458
Total Revenue 3,875,307 3,359,084

Cost of Goods Sold

Materials 854,521 733,352
Labor & Subcontractors Costs 602,125 536,645
Other Cost of goods sold 384,521 350,241
Increase / Decrease in Inventories 21 -26,040 -30,254
Total Cost of Goods Sold 1,815,127 1,589,984

Gross Income 2,060,180 1,769,100

Operating Expenses
Selling 480,161 441,256
General & Administrative 22 758,542 675,992
Other Operating Expense 23 275,541 260,887
Amortization 59,312 50,221
Total Operating Expenses 1,573,556 1,428,356

Net Income before Operations 486,624 340,744

Operating Income (Loss)

Other income (expense) 24 32,512 -2,521
Interest expense 75,421 62,584
Total Operating Income 107,933 60,063

Income (Loss) Before Income Taxes 378,691 280,681

Provision (benefit) for income taxes 25 149,523 133,251
Net Income (Loss) for the year 229,168 147,430
Retained Earnings beginning of the year 26 943,314 795,884
Retained Earnings 1,172,482 943,314
 Audit / Notes level
2003 2002

0 2,920

0 0

0 0

0 0
 Cell Name Defined in
Datails ComboBox Link & Formulas Column B

ComboBox month selection Number 72 MonthSelectionNumber

Reports Date December 31, 2003 ReportsDate

Reports Month Number 12 ReportsMonthNumber

Reports Year Number 2003 ReportsYearNumber

Fiscal Year #NAME?

Fiscal Year End month Number #NAME?

Calander / Fiscal month list number #NAME? LastYearMonthListNumber

last Annual Year end report #NAME? LastYearYearEnd

ComboBox MonthSelectionNumber
BS VS Annual 60 CompareMonthNumberBS

Reports Date December 31, 2002 ReportsDate

For the year ended For the year ended December 31, 2003 IS_YearEndDate
Formula in Column B

ComboBox Cell Link

=INDEX(MonthsList,MonthSelectionNumber)

=MONTH(ReportsDate)

=YEAR(ReportsDate)

=CalanderYear

=FiscalYearMonthNumber
=IF(CalanderYear="yes",MonthSelectionNumber-
ReportsMonthNumber,MonthSelectionNumber-
IF(ReportsMonthNumber<B7,
(ReportsMonthNumber+B7),
ReportsMonthNumber-B7))

=INDEX(MonthsList,LastYearMonthListNumber)

ComboBox Cell Link

=INDEX(MonthsList,CompareMonthNumberBS)

=A12&" "&TEXT(ReportsDate,"mmmm dd, yyyy")

Account
Number Accout Name BS, P&L Level 3
4001 Sales Sales
4501 Services Services
4701 Interest Income Other income (expense)
5001 Materials Materials
5101 Subcontracted Costs Labor & Subcontractors Costs
5201 Labor Labor & Subcontractors Costs
5301 Rental Other Cost of goods sold
5311 Maintenance & Repairs Other Cost of goods sold
5321 Cleaning Other Cost of goods sold
5331 Insurance Other Cost of goods sold
5341 Utilities Other Cost of goods sold
5351 Property Taxes Other Cost of goods sold
5501 Increase / Decrease in Inventories Increase / Decrease in Inventories
6501 Salary & Wages Selling
6511 Commissions Selling
6521 Advertising Selling
6531 Preliminary Designs Selling
6532 Promotional Events Selling
6533 Promotional Literature Selling
6534 Displays/Product Samples Selling
6535 Project Management Personnel Selling
6541 Sales & Marketing Expense-Other Selling
7001 Salary & Wages General & Administrative
7101 Employee Bonuses General & Administrative
7102 Employee Sick Pay General & Administrative
7103 Employee Vacation Pay General & Administrative
7104 Company Paid Medicare (FICA) General & Administrative
7105 Company Paid Soc. Sec. (FICA) General & Administrative
7106 Federal Unemployment Tax (FUTA) General & Administrative
7107 Workers Comp Insurance General & Administrative
7201 Employment Advertising General & Administrative
7202 Recruiting & Hiring General & Administrative
7203 Training & Education General & Administrative
7204 Employee Entertainment General & Administrative
7205 Payroll Service Fees General & Administrative
7301 Accounting Fees General & Administrative
7302 Attorney Fees General & Administrative
7351 Telephone-Answering Service General & Administrative
7352 Telephone-Cellular Service General & Administrative
7353 Telephone-ISDN Line General & Administrative
7354 Telephone-Local Service General & Administrative
7355 Telephone-Long Dist Service General & Administrative
7356 Tolls & Parking General & Administrative
7357 Tool Maintenance & Repairs General & Administrative
7381 Travel General & Administrative
7382 Travel-Airfare General & Administrative
7383 Travel-Car Rental General & Administrative
7384 Travel-Food & Entertainment General & Administrative
7385 Travel-Hotel General & Administrative
7401 Charitable Contributions Other Operating Expense
7501 Computer Software General & Administrative
7502 Consultant-Business General & Administrative
7503 Consultant-Computer General & Administrative
7511 Corporation Fees & Costs General & Administrative
7521 Equipment Lease-Copier General & Administrative
7522 Equipment Lease-Office General & Administrative
7631 Building Maintenance Other Operating Expense
7632 Cleaning Service Other Operating Expense
7633 Equip Maint. & Repairs Other Operating Expense
7634 Misc. Expenses Other Operating Expense
7635 Security Monitoring Other Operating Expense
7636 Utilities Other Operating Expense
7701 Taxes-Business License Other Operating Expense
7702 Taxes-Business Property Other Operating Expense
7901 Depreciation-Buildings Amortization
8001 Bank Account Finance Charges Interest expense
8002 Bank Account Service Fees Interest expense
9001 Taxes-Corporate Income Provision (benefit) for income taxes
Retained Earnings beginning of the year
Retained Earnings beginning year
BS, P&L Level 2 BS, P&L Level 1 December 1999 December 2000 December 2001
Revenue Profit & Loss 2002000 2175000 2436000
Revenue Profit & Loss 552351 600124 679851
Operating Income (Loss) Profit & Loss 16745 -15224 -23221
Cost of goods sold Profit & Loss -645854 -634521 -702521
Cost of goods sold Profit & Loss -433251 -455214 -491523
Cost of goods sold Profit & Loss 0 0 0
Cost of goods sold Profit & Loss -275854 -300124 -333241
Cost of goods sold Profit & Loss 0 0 0
Cost of goods sold Profit & Loss 0 0 0
Cost of goods sold Profit & Loss 0 0 0
Cost of goods sold Profit & Loss 0 0 0
Cost of goods sold Profit & Loss 0 0 0
Cost of goods sold Profit & Loss -30552 30251 -12412
Operating Expenses Profit & Loss -325412 -399231 -415883
Operating Expenses Profit & Loss 0 0 0
Operating Expenses Profit & Loss 0 0 0
Operating Expenses Profit & Loss 0 0 0
Operating Expenses Profit & Loss 0 0 0
Operating Expenses Profit & Loss 0 0 0
Operating Expenses Profit & Loss 0 0 0
Operating Expenses Profit & Loss 0 0 0
Operating Expenses Profit & Loss 0 0 0
Operating Expenses Profit & Loss -499582 -554851 -627693
Operating Expenses Profit & Loss 0 0 0
Operating Expenses Profit & Loss 0 0 0
Operating Expenses Profit & Loss 0 0 0
Operating Expenses Profit & Loss 0 0 0
Operating Expenses Profit & Loss 0 0 0
Operating Expenses Profit & Loss 0 0 0
Operating Expenses Profit & Loss 0 0 0
Operating Expenses Profit & Loss 0 0 0
Operating Expenses Profit & Loss 0 0 0
Operating Expenses Profit & Loss 0 0 0
Operating Expenses Profit & Loss 0 0 0
Operating Expenses Profit & Loss 0 0 0
Operating Expenses Profit & Loss 0 0 0
Operating Expenses Profit & Loss 0 0 0
Operating Expenses Profit & Loss 0 0 0
Operating Expenses Profit & Loss 0 0 0
Operating Expenses Profit & Loss 0 0 0
Operating Expenses Profit & Loss 0 0 0
Operating Expenses Profit & Loss 0 0 0
Operating Expenses Profit & Loss 0 0 0
Operating Expenses Profit & Loss 0 0 0
Operating Expenses Profit & Loss 0 0 0
Operating Expenses Profit & Loss 0 0 0
Operating Expenses Profit & Loss 0 0 0
Operating Expenses Profit & Loss 0 0 0
Operating Expenses Profit & Loss 0 0 0
Operating Expenses Profit & Loss 0 0 0
Operating Expenses Profit & Loss 0 0 0
Operating Expenses Profit & Loss 0 0 0
Operating Expenses Profit & Loss 0 0 0
Operating Expenses Profit & Loss 0 0 0
Operating Expenses Profit & Loss 0 0 0
Operating Expenses Profit & Loss 0 0 0
Operating Expenses Profit & Loss -200147 -215475 -249567
Operating Expenses Profit & Loss 0 0 0
Operating Expenses Profit & Loss 0 0 0
Operating Expenses Profit & Loss 0 0 0
Operating Expenses Profit & Loss 0 0 0
Operating Expenses Profit & Loss 0 0 0
Operating Expenses Profit & Loss 0 0 0
Operating Expenses Profit & Loss 0 0 0
Operating Expenses Profit & Loss -38565 -40987 -46454
Operating Income (Loss) Profit & Loss -59557 -72998 -65852
Operating Income (Loss) Profit & Loss 0 0 0
Income Taxes Profit & Loss -49123 -45887 -75225
Net Income (Loss) for the Profit & Loss 639224 652325 723521
Net Income (Loss) for the Profit & Loss -639224 -652325 -723521
December 2002 December 2003
2,633,626 2,920,093
725,458 955,214
2,521 -32,512
-733,352 -854,521
-536,645 -602,125
0 0
-350,241 -384,521
0 0
0 0
0 0
0 0
0 0
30,254 26,040
-441,256 -480,161
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
-675,992 -758,542
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
 0 0
0 0
0 0
0 0
-260,887 -275,541
0 0
0 0
0 0
0 0
0 0
0 0
0 0
-50,221 -59,312
-62,584 -75,421
0 0
-133,251 -149,523
795,884 943,314
-795,884 -943,314
Company Name XYZ Corporation Inc.

Reports Date
month Number Months List
1 January 31, 1998
2 February 28, 1998
3 March 31, 1998
4 April 30, 1998
5 May 31, 1998
6 June 30, 1998
7 July 31, 1998
8 August 31, 1998
9 September 30, 1998
10 October 31, 1998
11 November 30, 1998
12 December 31, 1998
13 January 31, 1999
14 February 28, 1999
15 March 31, 1999
16 April 30, 1999
17 May 31, 1999
18 June 30, 1999
19 July 31, 1999
20 August 31, 1999
21 September 30, 1999
22 October 31, 1999
23 November 30, 1999
24 December 31, 1999
25 January 31, 2000
26 February 29, 2000
27 March 31, 2000
28 April 30, 2000
29 May 31, 2000
30 June 30, 2000
31 July 31, 2000
32 August 31, 2000
33 September 30, 2000
34 October 31, 2000
35 November 30, 2000
36 December 31, 2000
37 January 31, 2001
38 February 28, 2001
39 March 31, 2001
40 April 30, 2001
41 May 31, 2001
42 June 30, 2001
43 July 31, 2001
44 August 31, 2001
45 September 30, 2001
46 October 31, 2001
47 November 30, 2001
48 December 31, 2001
49 January 31, 2002
50 February 28, 2002
51 March 31, 2002
 52 April 30, 2002
53 May 31, 2002
54 June 30, 2002
55 July 31, 2002
56 August 31, 2002
57 September 30, 2002
58 October 31, 2002
59 November 30, 2002
60 December 31, 2002
61 January 31, 2003
62 February 28, 2003
63 March 31, 2003
64 April 30, 2003
65 May 31, 2003
66 June 30, 2003
67 July 31, 2003
68 August 31, 2003
69 September 30, 2003
70 October 31, 2003
71 November 30, 2003
72 December 31, 2003
73 January 31, 2004
74 February 29, 2004
75 March 31, 2004
76 April 30, 2004
77 May 31, 2004
78 June 30, 2004
79 July 31, 2004
80 August 31, 2004
81 September 30, 2004
82 October 31, 2004
83 November 30, 2004
84 December 31, 2004
85 January 31, 2005
86 February 28, 2005
87 March 31, 2005
88 April 30, 2005
89 May 31, 2005
90 June 30, 2005
91 July 31, 2005
92 August 31, 2005
93 September 30, 2005
94 October 31, 2005
95 November 30, 2005
96 December 31, 2005
97 January 31, 2006
98 February 28, 2006
99 March 31, 2006
100 April 30, 2006
101 May 31, 2006
102 June 30, 2006
103 July 31, 2006
104 August 31, 2006
105 September 30, 2006
106 October 31, 2006
107 November 30, 2006
108 December 31, 2006
Notes # Notes Title
1 Summary of Sugnificant Accounting Policies
2 Structure of Balance Sheet and Income Statements
3 Transactions with Affiliated and othe Related Parties
4 Currency Translation
5
6
7 Notes & Account Recivable
8 Inventories
9 Prepaid Expenses
10 Property, Plant and equipment
11 Securities
12 Intangible Assets
13
14
15
16
17
18 Stockholder's Equity
19 Earnings Reserves and Retained Profits
20 Sales revenue
21
22
23
24
25
26 Income Taxes
27 Employee Benefit Plan
28
29
30
31
32
33
34
35
36
37
Notes Title Balance Sheet, P&L
Note 1 - Summary of Sugnificant Accounting Policies
Note 2 - Structure of Balance Sheet and Income Statements
Note 3 - Transactions with Affiliated and othe Related Parties
Note 4 - Currency Translation
Note 5 - Cash
Note 6 - Line of Credit
Note 7 - Notes & Account Recivable Accounts Receivable
Note 8 - Inventories Inventories
Note 9 - Prepaid Expenses Prepaid Expenses
Note 10 - Property, Plant and equipment Property and Equipment (at Cost)
Note 11 - Securities Investment in Revenue Bond
Note 12 - Intangible Assets Patents, Trademarks and Goodwill
Note 13 - Accounts Payable
Note 14 - Accrued Expenses
Note 15 - Other Payables
Note 16 - Note Payable
Note 17 - Equipment Leases Payable
Note 18 - Stockholder's Equity Total Stockholder's Equity
Note 19 - Earnings Reserves and Retained Profits Retained Earnings
Note 20 - Sales revenue Sales
Note 21 - Labor And Materials
Note 22 - Selling
Note 23 - General & Administrative
Note 24 - Other Operating Expense
Note 25 - Other income (expense) - net
Note 26 - Income Taxes Provision (benefit) for income taxes
Note 27 - Employee Benefit Plan
Note 28 -
Note 29 -
Note 30 -
Note 31 -
Note 32 -
Financial Assets

Trade and Other Receivables

Issued Capital

Special item with an Equity Portion

Special item for investment Allowances for Fixed Assets
Provosions
Liabilities
Contingent Liabilities
Other Financial Obligations
Derivative Financial Instruments
Decrease / Increas in Inventories of finished Goods and Work in Progress
Work Performed by the Enterprise and Capitalized
Other Operating Income
Raw-Material and Consumables Used
Staff Costs
Depreciation
Other Operatiing Expenses
Income From other investments
Amortization of Financial Assets and Investments Classified as Current Assets
Interest
Income Taxes
Other Information
Level1 Level2
Assets Current Assets
Assets Current Assets
Assets Current Assets
Assets Current Assets
Assets Current Assets
Assets Fixed Assets
Assets Fixed Assets
Assets Fixed Assets
Assets Fixed Assets
Assets Fixed Assets
Assets Investments and other Assets
Assets Investments and other Assets
Equity & Liabilities Current liabilities
Equity & Liabilities Current liabilities
Equity & Liabilities Current liabilities
Equity & Liabilities Current liabilities
Equity & Liabilities Current liabilities
Equity & Liabilities Current liabilities
Equity & Liabilities Long-term Liabilities
Equity & Liabilities Long-term Liabilities
Equity & Liabilities Long-term Liabilities
Equity & Liabilities Long-term Liabilities
Equity & Liabilities Long-term Liabilities
Equity & Liabilities Long-term Liabilities
Equity & Liabilities Shareholders' Equity
Equity & Liabilities Shareholders' Equity
Equity & Liabilities Shareholders' Equity
Equity & Liabilities Shareholders' Equity
Equity & Liabilities Shareholders' Equity
Profit & Loss Cost of goods sold
Profit & Loss Cost of goods sold
Profit & Loss Cost of goods sold
Profit & Loss Cost of goods sold
Profit & Loss Non Operating Expenses
Profit & Loss Non Operating Income
Profit & Loss Operating Expenses
Profit & Loss Operating Expenses
Profit & Loss Operating Expenses
Profit & Loss Operating Expenses
Profit & Loss Revenue
Profit & Loss Revenue
Profit & Loss Operating Income (Loss)
Profit & Loss Operating Income (Loss)
Profit & Loss Income (Loss) Before Income Taxes
Equity & Liabilities Shareholders' Equity
Level3 Notes # Notes Description
Cash
Accounts Receivable
Inventories
Other Current Assets
Prepaid Expenses
Land & Building
Machinery and Equipment
Furniture and Fixtures
Less: Accumulated Depreciation
Leasehold Improvements
Investment in Revenue Bond
Patents, Trademarks and Goodwill
Current portion of long-term debt
Accounts payable
Accrued expenses - payroll
Other accrued liabilities
Income taxes payable
Other current liabilities
Loans from financial institutions
Current Portion of Long-Term Debt
Equipment Leases Payable
Other long-term liabilities
Deferred tax liabilities
Pension fund loans
Capital Stock
Paid in Capital
Share Premium
Retained earnings
Net profit for the period
Materials
Labor & Subcontractors Costs
Other Cost of goods sold
Increase / Decrease in Inventories
Non Operating Expenses
Non Operating Income
Selling
General & Administrative
Amortization
Other Operating Expense
Sales
Services
Other income (expense) - net
Interest expense
Provision (benefit) for income taxes
Retained Earnings beginning of the year