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.
Resources: Free research information on local demographics and psychographic trends provided by federal (e.g. census.gov) and state government publications can be extremely useful in determining the market size of a particular industry, and coupled with industry data and entrepreneurial judgment, they can be the basis of a realistic initial revenue forecast. An online and University Library search will be required to locate appropriate resources. The Small Business Administration is also a good source of information, sba.gov
Analyze the revenue items based on information collected and determine the best estimated realistic values for these; revise as deemed necessary. Create a one year forecast using the Cash Flow Assumptions format. Conduct an Internet search or use the example located in the textbook for this course.
Include a brief Executive Summary on a separate tab in your workbook.
Explain the overall venture and any assumptions you made in preparing the Revenue estimate.
Cite a minimum of one peer reviewed reference from the University Library.
Format assignment consistent with APA guidelines.
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