The project will be on Excel, Word, or like programs. Computer Software reports will not be accepted for this project, for example, QuickBooks reports will not be accepted.

Intro = 10%

1. Who-Name of company

2. Seed money and/or assets

3. What type of company: service, merchandise, agriculture. Details of what the company does and for whom

4. Where-city, county, state

5. Permits and licenses required (Go to calgold.ca.gov to find out what you may need for your business and location.

Accounting Documents=75%

1. Chart of Accounts

2. Source Documents

3. Journal Entries

4. Ledgers

5. Trial Balance, worksheet

6. Adjusting entries, Journalize and on the worksheet

7. Balance Sheet

Assets: current(cash, accounts receivable, inventory), fixed assets, Accumulated depreciation

liabilities: current (accounts payable, payroll taxes payable), long term (notes payable)

8. Income Statement

Revenues (with the cost of goods sold if applicable)

Expenses: utilities, insurance, wages or salaries, taxes, rent/lease, etc.

9. Closing entries

Filing system/Document retention/Internal controls=10%

1. Setting up a filing system

2. Document retention

3. Electronic safeguards-backups, passwords

4. Internal controls – general and cash specific

Financial Ratio Analysis=5%

1. Solvency

2. Liquidity

3. Profitability