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Purpose of Assignment:
The purpose of this assignment is for students to initiate and complete a comprehensive financial plan. The ultimate result will be a set of pro forma financial statements including an Income Statement, Balance Sheet, and Cash Flow Statement. The student will develop requisite assumptions about the dollar values to be budgeted. We will use the profit and loss statement you created in week four to create the first year balance sheet and cash flow statement for your company.
Assignment Steps:
Assume this is the first year of your business.
Use the week 4 profit and loss statement from year 1 for the purpose of creating your balance sheet and cash flow statement.
Create a balance sheet and cash flow statement addressing the instructor's findings from previous class assignment(s) by doing the following:
Look for an example I will have posted in class in week four and will repost in week five which shows all three financial statements with sample data and how they are connected.
Format assignment consistent with APA guidelines.
Submit your assignment.
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