Forecasted Profit/Loss – Essaylink
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Statement for the first year and a Balance Sheet.
This is a graded exercise. Please make sure to follow the instructions carefully, as an evaluator will be giving
you feedback on your submission. You must submit your documents as one file.
For the proposed new product or service for your final project, create a Forecasted Profit/Loss Statement for
the first year and a Balance Sheet. To access and download templates for each, follow the links below:
Profit/Loss Statement Template: https://templates.office.com/?
legRedir=true&qu=Profit+Loss+Statement&ex=1&CorrelationId=06eb8baa-c621-48d3-96bfd11803ba179f#ai:TC103986991%7C
Balance Sheet Template:
https://templates.office.com/?
legRedir=true&qu=Balance+Sheet&ex=1&origin=TC103844935&CorrelationId=04cbcb6d-e05e-4f8b-8c37-
df1a831c2a99#ai:TC103934533%7C
You will need to submit the Profit/Loss Statement and Balance Sheet for grading, as well as a one-page
supplemental document that includes the background, rationale, and assumptions for the numbers included on
the financials. Be sure to include the following:
1. Forecast Revenue for 12 months
2. Forecast Operating Expenses for 12 months
3. Calculation of the projected profit/loss for the first year
4. Documentation of the expected total assets and liabilities
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