Discuss How to create a balance sheet for a service company.

Reuvid, J. (2010). Start up and Run Your Own Business: The Essential Guide to Planning, Funding and Growing Your New Enterprise (8th Edition). London, GBR: Kogan Page Ltd. ISBN: 9780749460600. [Chapters 8, 10, 11, 14, 15, 16, 19] (Required purchase) Required: Boundless (n.d.). Boundless Finance version 3. Retrieved from Boundless https://www.boundless.com/finance/textbooks/boundless-finance-textbook/. Read Chapter 4. Business Town (n.d.). Pro forma balance sheets. Retrieved from Business Town https://www.businesstown.com/accounting/projections-balance.asp. Business Town (n.d.). Pro forma cash flows. Retrieved from Business Town https://www.businesstown.com/accounting/projections-cashflow.asp. Business Twon (n.d.). Pro forma income statements. Retrieved from Business Town https://www.businesstown.com/accounting/projections-statements.asp. Inc. (n.d.). Pro forma statements. Retrieved from Inc. https://www.inc.com/encyclopedia/pro-forma-statements_pagen_3.html. Investopedia (n.d.). Capital investment decisions pro forma financial statements. Retrieved from Investopedia https://www.investopedia.com/walkthrough/corporate-finance/4/capital-investment-decisions/pro-forma.aspx. Wilkinson, J. (2013, July 24). Pro forma financial statements. Retrieved from The Strategic CFO https://strategiccfo.com/wikicfo/pro-forma-financial-statements/. Optional: Averkamp, H. (n.d.). Balance Sheet. Retrieved from Accounting Coach at: https://www.accountingcoach.com/balance-sheet/explanation. (All 4 Parts) Averkamp, H. (n.d.). Cash Flow Statement. Retrieved from Accounting Coach at: https://www.accountingcoach.com/cash-flow-statement/explanation. (All 8 Parts) Averkamp, H. (n.d.). Introduction to Income Statement. Retrieved from Accounting Coach at: https://www.accountingcoach.com/income-statement/explanation/1. Averkamp, H. (n.d.). Single-Step Income Statement. Retrieved from Accounting Coach at: https://www.accountingcoach.com/income-statement/explanation/3. Penn State Extension (n.d.). How can I accurately create a projected (pro forma) cash flow? Retrieved from The Pennsylvania State University https://extension.psu.edu/business/farm/frequently-asked-questions/general/how-can-i-accurately-create-a-projected-proforma-cash-flow. ProjectionHub (2013, January 31). How to create a projected balance sheet for a startup. Retrieved from ProjectionHub Blog https://blog.projectionhub.com/how-to-create-a-projected-balance-sheet-for-a-startup/. Smith, C. (n.d.). Retrieved from Small Business https://smallbusiness.chron.com/create-balance-sheet-service-company-11167.html. Videos (Optional): Costa, C. (2012, February 12). Tips for creating pro forma financial statements for your startup or small business. Retrieved from YouTube https://youtu.be/i4Yo-h1a4S0 [3:46]. Khan Academy (2011, March 30). Basic Cash Flow Statement. [Video file] [3:43] Retrieved from https://youtu.be/Mioqyv_IW3E. Khan Academy (2009, August 19). Introduction to the Income Statement. [Video file] [15:26] Retrieved from https://youtu.be/Z7C4cz2HkeY. Khan Academy (2008, March 15). Introduction to the Balance Sheets. [Video file] [9:53] Retrieved from https://youtu.be/mxsYHiDVNlk. WhiteBoard Partners, LLC (2008, December 14). Quickplan pro forma cash flow projections definitions. Retrieved from YouTube https://www.youtube.com/watch?v=OsNgxEXtZbE [4:37].

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