Analyze components of a sound financial plan for business.

Indicators for this outcome
(a) Examine formats for basic financial recordkeeping (e.g., using software such as spreadsheets or accounting packages and paper copy).
(b) Analyze prepared balance sheets and income statements to determine how financial statements are used within the context of a business.
(c) Prepare balance sheets and income statements for personal use or for given individual and for business scenarios.
(d) Analyze the conditions of businesses represented by their respective financial statements.
(e)

Develop a financial plan for a business that includes components such as:

  • an income statement;
  • a cash flow statement;
  • a balance sheet;
  • a sales forecast; and,
  • a break-even analysis.
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