Objectives On successful completion of this assessment, students should be able

Objectives
On successful completion of this assessment, students should be able to:
develop a budget for a business idea presented in unit 4, projecting costs associated with the venture,
analyze the funding need and provide breakdown of appropriate cost centers, and
identify the profit or loss for the venture in year one and show when the business will be profitable.
Brief Description
The assignment requires the completion of a budget to project costs associated with the new venture and will be used as a guide in terms of how much funding is needed to launch the business. The budget statement should reference the business opportunity submitted in unit 4. The budget statement will be augmented with notes to explain the choices and projections.
You should:
1.Analysis of the capital and cash need that the new venture will require for its first year.
2. Prepare a pro forma balance sheet describing the financial position of the organization at the end of the year.
3. Prepare a pro forma statement of cash flow for the first year.
4. Prepare a pro forma income statement for the first year.
5. Describe how the figures in the pro forma financial statements were derived and why you think that they are accurate.
6. Demonstrate good organization, including a strong introduction and conclusion