Say you have owned a new business, make a plan and formulate first quarter Cash Budget for this business, write transactions and in a column worksheet for each month for the first 2 months of the business operation, and develop financial statements and finally analyse your business liquidity and profitability by considering the the following.

1. The Business Plan and Cash Budget : develop a business plan report . Based on the Business Plan, develop a cash budget for the first quarter of your business operation. Base your cash budget on your business plan, incorporating the financial plan that you have outlined in your Business Plan.

2. Create hypothetical sets of transactions for the first two months of the business operation considering say 10 - 15 transactions (including adjustments each month) by preparing a column worksheet (for recording transactions) for the end of each month

3. Develop classified Income Statement (Statement of Profit or Loss) and Balance Sheet (Statement of Financial Position) for each month for the first two months.

4. After two months of operations, say you want to know your business viability. Using your financial statements at the end of the second month to calculate your liquidity, profitability, operating capability, and financial flexibility ratios. Use applicable ratios according to type of business.

5. develop summary of your business viability - liquidity, profitability, operating capability, and financial flexibility, and outlook/expectation about the business