Financial Statement Sample #2

Objective: Resource management is essential for project completion on time and under budget. Below are financial statements I created for the Financial Accounting: Foundations course.

Degree: University of Illinois Urbana-Champaign Financial Management Specialization.

Created: December 8, 2018

Prompt: The client Michael has owned his health food store for two years. He invested $15,000 of his own money into the store.

Startup Location: South Florida
Date Startup Created: January 1, 2016.

He received a 6 year $30,000 bank loan in January 2016. (10% annual interest rate).

At the end of year 1, Michael considered hiring a project manager to expand his business. Michael chose not to proceed with the project due to budget concerns.

Business improved. Michael is now ready to begin his expansion project.

The project manager requires knowledge of Michael’s assets to set a project budget.

Michael’s accountant is sick again but left his files from year 2017.

Reminder:
The corporate tax rate is 50%
Michael needs to declare (but not pay) dividends of $2,000

Michael needs the following 2017 financial statements created:
Transaction Worksheet
Balance Sheet
Income Statement

2017 Transaction Sheet: Assets
2017 Transaction Worksheet: Liabilities
2017 Transaction Worksheet: Shareholders’ Equity
Dec 2017 Balance Sheet
Dec 2017 Income Statement
Advertisements

Financial Statements Sample #1

Objective: Resource management is essential for project completion on time and under budget. Below are financial statements I created for the Financial Accounting: Foundations course.

Degree: University of Illinois Urbana-Champaign Financial Management Specialization.

Created: December 8, 2018

Prompt: The client Michael, Invested $15,000 of his own money into a health food store.

Startup Location: South Florida
Date Startup Created: January 1, 2016.

He received a 6 year $30,000 bank loan (10% annual interest rate).

Additionally, Michael purchased his store for $10,000 in cash. Groceries for $5000 on credit.

In December 2016, Michael hired a project manager to expand his startup. The project manager requires knowledge of Michael’s assets to set a project budget.

Michael’s accountant is sick, but left behind his files from 2016.

Michael needs the following 2016 financial statements created:
Transaction Worksheet
Balance Sheet
Income Statement

Transaction Worksheet: Assets
Transaction Worksheet: Liabilities
Transaction Worksheet: Shareholders’ Equity
Dec 2016 Balance Sheet
Dec 2016 Income Statement

Tascha Halliburton Quoted On EpicFlow.Com

0DE2C4DB-4B08-472F-997B-019ACCC8C693

Tascha Halliburton Project Management
Tascha Halliburton quoted in EpicFlow.com article, “Top Engagement Drivers for Better Project Success”

Continue Reading: https://www.epicflow.com/top-engagement-drivers-for-better-project-success-in-2018/

Braathe Enterprises Marketing Project Plan


Tascha Halliburton Project Manager
Braathe Enterprises Marketing Project Plan (Click Image To View)

Background: Braathe Enterprises is a management consulting firm in Upstate New York that consists of several divisions including: Project Consulting & Training Workshops for entrepreneurs.

Scope: The project plan for Braathe Enterprises allowed my project team smooth execution of our goals. The project acquired 7 clients and recruited 30 interns.

Sustainable Solutions Client Branding Plan

Tascha Halliburton Project Manager
Sustainable Solutions Client Branding Plan (Click Image To View)

Background: Sustainable Solutions for Healthy Homes is a health and lifestyle brand founded by Michelle Przedwiecki. Positioned towards making the world a better place through finding sustainable solutions for families which empowers them to feel better physically, mentally, and emotionally.

Scope: This branding plan consists of brand concepts discussed during a meeting with the company’s founder. The founder’s main goal was a rebrand of the company. The branding plan served as a tool to achieve this aim.

Braathe Enterprises Marketing Project Network Diagram

Tascha Halliburton Project Manager
Braathe Enterprises Marketing Project Network Diagram (Click Image To View)

Background: Braathe Enterprises is a management consulting firm in Upstate New York that consists of several divisions including: Project Consulting & Training Workshops for entrepreneurs.

Scope: I created a Network Diagram to share with my project team. My project team were visual learners and this network diagram allowed them to see how their tasks and activities were useful to the project.

Braathe Enterprises Marketing Project Activity List

Tascha Halliburton Project Manager
Braathe Enterprises Marketing Project Activity List (Click Image To View)

Background: Braathe Enterprises is a management consulting firm in Upstate New York that consists of several divisions including: Project Consulting & Training Workshops for entrepreneurs.

Scope: The activity list highlights which tasks were to be completed and the amount of time needed.

The Activity List was a great team building exercise. As a result of the group’s input on their tasks, I was able to estimate task duration. Float time available for each task was calculated using a PERT analysis.