Financial Accounting - Business Launching Planning and Strategy - Accounting and Finance Assignment Help

Assignment Task:

THE PROBLEM:
 
You are launching into a business in the name and style of your choice. It has to be a manufacturing business. It means that your business would involve, buying materials, transforming it using plant and machinery, and selling it. Keep in mind the conditions given in this project. Strictly adhere to the conditions.
 
ASSUMPTIONS AND REQUIREMENTS:
 
You can make any assumption, provided they are reasonable in an actual business situation, subject to the conditions 1 to 11 (detailed below). Realistic nature of the project would involve factors such as the volume of turnover, cost structure, type and nature of the transaction. Please draw up the accounts and reports in proper form as if they were made out for a real-life business.

REQUIRED: Part 1:

1) You are required to prepare the accounts of the business as if owned by you as an individual proprietorship in any name and style of your choice, within the framework of the conditions one through eleven detailed above, for three yearly accounting periods.
 
2) Prepare a precise chronological statement of all transactions. 

3) Prepare all the three financial statement [i.e. Balance Sheet, Income Statement and Cash Flow Statement] for each accounting period. You need to have three periods.
 
REQUIRED: Part II:
 
1) Analyze the financial statement of the company using common ratios discussed in the class, for the above three accounting periods.

2) Analyze the cash flow statement of the company, prepared as above.
 
3) Analyze the costing aspects of the company, based on the financial statements prepared as above. 

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