Assignment 1: Discussion—Forecasting and Preparing Financial Statements

Tina, one of your friends, approached you and proposed a affiliation in a new adventure that she is planning to start—a appearance bazaar that will advertise women's accouterment and accessories. She told you that she abounding through several books on how to adapt forecasts and pro forma banking statements, but the books were geared against absolute firms that accept several years of actual banking statements on which to abject their projections. In this assignment, you will analysis the accounting concepts and banking statements presented in this bore to alarmingly appraise the challenges faced by your acquaintance in her new business venture. Tasks: Respond to the afterward points: If your acquaintance asked you for admonition on how to adapt forecasts for a new appearance bazaar for women, what would you acquaint her? As a abeyant partner, what would be the important banking statements to be in abode for an antecedent appraisal of the venture? Provide capacity and absolution of anniversary choice. Submission Details: By the due date assigned, in about 300 words, column your responses to this Altercation Area. Through the end of module, acknowledge to at atomic two of your classmates' posts who chose agreement altered from yours. While responding, abode issues brought up in your classmates' posts and analyze them with yours. Write your antecedent acknowledgment in 300–500 words. Your acknowledgment should be absolute and abode all apparatus of the altercation catechism in detail, accommodate citations of all sources, area needed, according to the APA Style, and authenticate authentic spelling, grammar, and punctuation

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