Balance Sheet and cash flow statement

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

Create a balance sheet by doing the following:

  • Conduct an internet search or use an example located in the textbook for a publicly traded company.
  • Review the assets, liabilities and equity items on the balance sheet.
  • Create a new balance sheet using your best estimate realistic values for the balance sheet items.
  • Review the cash flow statement items (investing, financing, and operating) for the publicly traded company.
  • Prepare a new statement of cash flow statement using the balance sheet prepaated for this assignment and ncome statement prepared in your previous assignment.

Questions asked by a student

  • Are we preparing this as a combination of both paragraphs that explain and spreadsheets? Or is this only spreadsheets you are looking for? Please include a paper that explains your review of the balance sheet and statement of cash flows. What did you find on the balance sheet and the statement of cash flows. Then include the fictitious balance sheet and statement of cash flows that you prepare. Use the income statement from last week and the balance sheet from this week to prepare the statement of cash flows.
  • Conduct an Internet search or use an example located in the textbook for a publicly traded company. – We locate a company? Yes, or you use one from the textbook.
  • Review the assets, liabilities and equity items on the balance sheet. – What are you asking by review? Look at it, or speak on it in the paper? Write about it in the paper. What items did you find. What does the balance sheet show?
  • Create a new balance sheet using your best estimate realistic values for the balance sheet items. –Create only a balance sheet? For this portion yes, you create a fictitious balance sheet, using similar accounts as the one you locate.
  • Review the cash flow statement items (investing, financing, and operating) for the publicly traded company. – Look at it, or speak on it in the paper? Write about it same as you do for the balance sheet. See my comments above to guide you on the balance sheet.
  • Prepare a new statement of cash flow statement using the balance sheet prepared for this assignment and income statement prepared in your previous assignment. – So the end result for this assignment is to create a balance sheet AND a statement of cash flow? Yes, that is correct.

The student created a 350-word balance sheet which reviews the revenue and expense items based on the information suggested by the instructor and determine the best realistic values. I agree this is confusing. I have expressed my concerns to the developers of the course. A balance sheet does not have, for instance, 350 words; it is a financial statement with numbers. So, make your writings about 350 words. Also, revenue and expense are on the income statement–not the balance sheet. I will use a rubric that matches the assignment.

 
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