topic: Online fashion botique

subject: Advanced Project Management

1. • Chapter 8 discusses the process of financial management and its importance for forecasting, which is critical for the entrepreneur contemplating a start-up. The ability to demonstrate a firm grasp of the finances underlying a new endeavour shows prospective investors that the entrepreneur understands his or her financial needs and holds a realistic view of revenues. For the entrepreneur, the pro forma financial statements provide a path to follow in preparing the start-up and operating during its initial period.
2. Prepare the pro forma financial statements.
   • Based on your best understanding at this point, you will prepare a consolidated balance sheet, statement of cash flows, and income statement for the first year.
3. Explain your pro forma statements in an accompanying document.

• Along with these pro forma financial statements, you will prepare an explanation discussing how you arrived at the various figures.

/20 a. Analysis of the capital and cash need that the new venture will require for its first year. /15 b. Prepare a pro forma balance sheet describing the financial position of the organization at the end of the year. c. Prepare a pro forma statement of cash flow for the first year. /15 d. Prepare a pro forma income statement for the /15 first year. /20 e. Describe how the figures in the pro forma financial statements were derived and why you think that they are accurate. /15 f. Demonstrate good organization, including a strong introduction and conclusion