acct

1. your group must submit a written report that estimates the ending balance sheet in good form, and most importantly, explains in detail how you estimated the income statement and balance sheet.

a. The report should also list and explain:

i. Any additional information that you believe is necessary to complete the assignment properly, and

ii. Any resulting assumptions that you need to make in order to complete the assignment.

b. Each number provided on the income statement and ending balance sheet should be neatly referenced to a schedule that details the calculation that arrives at the number.

c. The report is to be submitted to the company’s CFO in Word or PDF but not in Excel.

d. Some good Internet sleuthing may help you identify your firm and its correct ending statements. However, since the requirements focus on explaining how you reach your solution, and not whether you do, it is unlikely that using correct “solution” financial information will benefit you. Indeed, your grade will be marked down substantially to the extent that you use information that is not made available to you by me.