Begin with a brief paragraph explaining your current financial situation. Once you have done so, prepare a balance sheet using this current information. Please use the Personal Balance Sheet tab from the excel template provided here: Assignment 1 excel template .xlsm. 30 marks possible

Balance Sheet -15 marks

Explanation of todays financial situation-15 marks

Assume that you have graduated from Fanshawe College and obtained a full-time job. State your assumptions and your lifestyle. Assume a reasonable salary and expenses. Marks will be deducted for unrealistic assumptions. Indicate if you are living in a house, apartment, or with your parents, living with room-mates or not, own your own car etc. These assumptions should be written in paragraph form. Once you have made your assumptions prepare a Cash flow Statement for one month based on this information. Please use the Cash Flow Statement tab from the excel template provided in part 1. *This should not yet include SMART goals. 40 marks possible

Cash flow- 20 marks

Assumptions for cash flow- 20 marks

Now list some financial goals that you have for various time frames (short, intermediate and long-at least one of each). Remember that these goals must be listed in SMART terminology. Create a budget for one month that adjusts the items from your cash

flow in #2 so that it also addresses the goals stated above. Please use the Cash Budget tab from the excel template provided above (in pt. 1). (Please note, the column for actual historic information will remain empty.) 30 marks possible

Financial goals (SMART)-20 marks