To complete this Competency Assessment, open this Competency Assessment (Google Doc) document. Download the document as an MSWord document, and save it as Lastname Firstname CU2M3 Financial Statements. When finished, save again and submit. (Google Doc)
This is a multiple part Competency Assessment similar to the previous practice Competency Assessment. In the practice Competency Assessment, you gained practice creating financial statements using personal finances. In this Competency Assessment you will apply those concepts to your business concept that you developed at the end of Credit Unit 1. You will be creating: a balance sheet, income statement, cash flow statement, analyzing how to acquire finances, and examining breakeven analysis for your business venture.