8 Final Course Project Part II.xlsx, PART II: EXCEL BUDGET INSTRUCTIONS

Excel Budget Assignment: Format Requirements For this Excel budget assignment, please follow the format instructions carefully to ensure your submission meets all the expectations.

• Spreadsheet Structure Number of Sheets:

• • 1 to 2 sheets (Sheet 1: Primary Budget, Sheet 2: Detailed Breakdown, if needed). Columns and Rows: Organize your budget into clear categories (e.g., Income, Expenses, Savings).

• • Columns: Use columns for categories such as Item, Description, Projected Cost, Actual Cost, Difference, Notes.

• • Rows: Each row should represent a different budget item (e.g., rent, utilities, groceries, etc.).

• • Headers: Label each column and row clearly using bold formatting. Total Rows: Include a “Total” row at the bottom of each budget section (e.g., Total Income, Total Expenses).

• Formatting Requirements Cell Formatting:

• • Currency Format: Apply the currency format (e.g., $ for USD) to all financial cells.

• • Date Format: Use a consistent date format (MM/DD/YYYY) for any cells involving dates (e.g., payment dates).

• • Font: Use a legible font like Calibri or Arial, size 11 or 12, for all text.

• • Color Coding: Use color coding for different categories (e.g., green for income, red for expenses, blue for savings). Apply conditional formatting to highlight variances between projected and actual costs (e.g., red for negative variances, green for positive).

• • Bold Totals: Make totals bold and possibly a larger font to stand out.

• Calculations and Formulas: Use Excel formulas to calculate totals and differences.

• • Sum Formula: Use the =SUM() function to total categories like income and expenses.

• • Difference Formula: Calculate the difference between projected and actual costs with the formula =Projected Cost – Actual Cost. Automatic Updates: Ensure that any changes to income or expenses automatically updates the totals and differences using formulas.

• • Percentages: Where applicable, calculate percentages (e.g., savings as a percentage of income).

• Charts and Graphs Number of Charts: Include at least 1 chart representing your budget (e.g., pie chart for expenses or bar chart for income vs. expenses).

• • Chart Labels: Ensure all charts have clear titles, labels, and legends.

• • Chart Placement: Place charts on the same sheet as the budget data, preferably below or beside the budget table, without cluttering the sheet.

• File Format and Submission File Format: Submit the assignment in Excel format (xlsx).

• • File Name: Save the file as “Lastname_Firstname_Budget.xlsx”.

• • Submission Platform: Upload the file through the designated course portal.