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 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 as a template to create a balance sheet and cash flow statement.Review the revenue and expense items based on comments made by the instructor from week four to best estimate realistic values for the balance sheet and cash flow statement.Explain the order in which the financial statements are prepared and how they are connected.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.ResourcesCenter for Writing ExcellenceReference and Citation GeneratorGrammar and Writing GuidesLearning Team ToolkitCopyright 2018 by University of Phoenix. All rights reserved.
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