Assignment Instructions

1. Do not Copy & Paste from the Internet

2. Students must use APA referencing style.

3.Please prepare all the calculation parts

INSTRUCTION:

*Refer your business plan (Create a business on your own it must be permissible- make sure its a legal)

For managerial accounting and finance part, students must prepare a report.

1 . Financial Projection.

1. Prepare projection for your own business by:
   1. Creating your own financial statements using your own numbers. Refer samples SOPL and SFP in this instruction.
      1. Statement of Profit and Loss (SOPL or Income Statement).
      2. Statement Financial Position (SFP or Balance Sheet).
   2. For:
      1. last year. (e.g., 2021)
      2. current year (projection, e.g., 2022)
      3. next year (projection, e.g., 2023)

The projection must be realistic and convincing, for the banks to approve your loan application for business financing.

b. Explain in short para the projections mad

- Why do you have that kind of projection?

- Why you increase the sales (50%) compared to last year. How you get that 50% (it must be realistic)

2. Industry Analysis Finance part only

a. Get a COMPARABLE peer latest financial info (or create one) ie. latest years 2020 or 2021.

1.Statement of Profit and Loss (SOPL or Income Statement

2.Statement Financial Position (STP or Balance Sheet).

b. Analyze their:

1. Financial Strengths analyze their sales / revenues / income figures.

2. Financial Weaknesses analyze their weak figures. E.g., Cost of Goods Sold, liabilities etc.

c. Explain in short para how your business may compete with your peer, FINANCIALLY.

3. Financing sought

a. Discuss two (2) possible banks financing products for your business plan. What type of loan you need?

Recommend your best choice.