You are in the process of analyzing the financial status of your business. You need to demonstrate to investors that you have a viable business with the ability to be profitable.
You decide to create a Balance Sheet and Income Statement to give investors a view of the financial health of your business. Using the templates and accounts, create the Balance Sheet and Income Statement that you will show your investors. See a sample of the documents here.
- From the list of accounts, classify the assets and place them in the appropriate section on the Balance Sheet.
- From the list of accounts, classify the liabilities and place them in the appropriate section on the Balance Sheet.
- From the list of accounts, classify the revenue accounts and place them in the correct section of the Income Statement
- From the list of accounts, classify the expense accounts and place them in the correct section of the Income Statement.
- Write a paragraph to your investors explaining the relevance of the information provided by the Balance Sheet that would indicate that your business would be a worthwhile investment.
- Write a paragraph to your investors explaining the relevance of the information provided by the Income Statement that would indicate that your business would be a worthwhile investment.
You will be submitting both the Excel document with the completed financial statements and the Word document with the two paragraph analysis to the Module 05 drop box.