Financial Reporting Assignment
The Financial Reporting Assignment is a Powerpoint Presentation that discusses information needed to start and manage a new business. This assignment should take about 3-4 hours to complete (based on feedback from prior semesters), and once completed, should be submitted to the assignment dropbox below. You may submit multiple versions of your Powerpoint, but the last submission.
This semester we our business is a coffee shop. The Powerpoint should be 5 (least) to 10 (most) slides long, and should mention:
- Your company name, logo, and perhaps you have a clever slogan.
- The location where you operate (garage or maybe you are a street vendor) and tell why you chose this location.
- Number of employees and pay rate per employee. You could work for free while your business is getting off of the ground, or you could pay an employee from the start. Mention the pro’s and con’s of each of these scenarios.
- What risks did you incur and how did you control these risks.
- Where do you advertise? (Pintrest, Facebook, etc.)
- Are you socially responsible? If the answer is yes, give an example. If the answer is no, tell why not.
- A menu of items you will sell (about 10 items) with prices. This could be anything from 5 flavors of coffee and five pastries, to 8 flavors of coffee/tea and 2 breakfast cakes. You could have cake pops, or you could have no food (only coffee/tea). The choice is yours.
- What type of production will you use? Assembly line? Job Order? Why did you make this choice?
- Where will you order your raw materials? (Amazon, HEB, Kroger, etc.)
- What is your overhead (what items make up your overhead)?
- Since there are a billion coffee shops, what makes yours different or makes yours stand out? Do you have promotions?