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.
Create a 350-word balance sheet addressing the instructor’s findings from previous class assignment(s) by doing the following:
- Conduct an internet search or use an example located in the textbook.
- Review the revenue and expense items based on information suggested by the instructor to best estimate realistic values for these.
- Review the budget, income statement, and cash flow items, along with feedback provided by the instructor from the previous week(s).