Balance Sheet and Cash Flow Statement

Balance Sheet and Cash Flow Statement

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.

Assignment Steps

Assume this is the first year of you business from the week 4 profit and loss statement 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:

 Conduct an internet search or use an example located in the textbook for a balance sheet and cash flow statement.

 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).

 Explain the order in which the financial statements are prepared and how they are connected.

Format assignment consistent with APA guidelines.