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Developing A Budget Statement Assignment - May 26th

The document outlines an assignment to develop a 4-6 page budget statement for a business idea presented earlier. It should project costs, funding needs, and profit/loss projections for year one. It provides instructions on content, formatting, and evaluation criteria.

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Muhammad hamza
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22 views2 pages

Developing A Budget Statement Assignment - May 26th

The document outlines an assignment to develop a 4-6 page budget statement for a business idea presented earlier. It should project costs, funding needs, and profit/loss projections for year one. It provides instructions on content, formatting, and evaluation criteria.

Uploaded by

Muhammad hamza
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Developing a Budget Statement Assignment – Due May 26 th - should be 4-6 pages (double spaced)

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.
Submission Instructions
Write a paper including the budget for your idea from unit 4. Each paper should include an introduction
and conclusion, should be 4-6 pages (double spaced), 2.54 cm margins (the default on MS Word), and
12 pts size . The paper should include notes to accompany and explain the budget decisions and budget
lines. The paper should follow the APA guidelines for format and citation. In your assignment you
should:

1. Identify the problem the venture will address and its scope.
2. Support claims about the problem with appropriate sources, including at least three
academic sources such as books, juried articles found in the YU library.
3. Demonstrate the validity of the idea and identify what makes this a true opportunity.

Evaluation

The Business Plan Case Analysis will be marked in its entirety out of 100. The following rubric indicates
the criteria students are to adhere to, and their relative weights to the assignment overall.

Activity/Competencies Demonstrated % of Final


Grade

Content and Research

a. Analysis of the capital and cash need that the new venture will /20
require for its first year.

b. Prepare a pro forma balance sheet describing the financial position /15
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 first year.  /15 

e. Describe how the figures in the pro forma financial statements were /20
derived and why you think that they are accurate. 

f. Demonstrate good organization, including a strong introduction and /15


conclusion

Total /100

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