Assignment 1: Discussion—Forecasting and Preparing Financial Statements

Assignment 1: Discussion—Forecasting and Preparing Financial Statements

Tina, one of your friends, approached you and proposed a partnership in a new venture that she is planning to start—a fashion boutique that will sell women’s clothing and accessories. She told you that she leafed through several books on how to prepare forecasts and pro forma financial statements, but the books were geared toward existing firms that have several years of historical financial statements on which to base their projections.

In this assignment, you will review the accounting concepts and financial statements presented in this module to critically evaluate the challenges faced by your friend in her new business venture.

Tasks:

APA Style and 300 words

Grading Criteria

Assignment Components

Max Points

Initial response was:

  • Insightful, original, accurate, and timely.
  • Substantive and demonstrated advanced understanding of concepts.
  • Compiled/synthesized theories and concepts drawn from a variety of sources to support statements and conclusions.

16

Discussion Response and Participation:

  • Responded to a minimum of two peers in a timely manner.
  • Offered points of view supported by research.
  • Asked challenging questions that promoted discussion. 
  • Drew relationships between one or more points in the discussion.

16

Writing:

  • Wrote in a clear, concise, formal, and organized manner. 
  • Responses were error free.
  • Information from sources, where applicable, was paraphrased appropriately and accurately cited.

8

Total:

40