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Assignment Help :)

  • 27-04-2011 1:21pm
    #1
    hammered
    Registered Users, Registered Users 2 Posts: 23 ✭


    Good Afternoon Boardsies,

    As part of a college assignment I'm lucky enough to have to produce complete financial statements for a fictitious bar / music venue.... The only problem is I don't have a clue where to start!

    I downloaded a 'cash flow wizard' off aib's website, which is basically a layout I can follow.

    I'm guessing I have to do a profit and loss and balance sheet? Should I do this first?
    And Ratios? I know all the formulas, but how can I come up with realistic figures?

    If you guys have any templates or anything I can follow I would really appreciate your help, as I am really starting to panic now!!


Comments

  • #2
    hammered
    Registered Users, Registered Users 2 Posts: 23 ✭hammered


    Oh, I must also mention I am not studying Accountancy... So that's why I'm so clueless!! It's just a part of a business plan..

    So please be kind :)


  • #3
    mari2222
    Registered Users, Registered Users 2 Posts: 568 ✭✭✭mari2222


    if you look at www.cro.ie (or maybe its www.odce.ie - sorry i forget which), you will see what is meant by "final accounts". (Like a foreign language), accountancy has its own "language"....

    Clarity of presentation is important - be sure to title the accounts as "projected" if that is the case....

    if you "google" lots of templates are available. good luck:)


  • #4
    mari2222
    Registered Users, Registered Users 2 Posts: 568 ✭✭✭mari2222


    sorry - i didnt reply about ratios - again if you "google" you will see that these are related to simplifying info relating to liquidity/ return on capital/ profitability etc. The ratio itself is just expressing two elements as 1 to X, written 1:x, or x to 1, e.g. sales per employee is (say) 50000 euro. There is no end to the number of ratios you could devise, but stick with a few of the more usual ones which give useful info for making decisions, and are "tried and true"


  • #5
    idontsleepever
    Registered Users, Registered Users 2 Posts: 9 ✭idontsleepever


    i think the best think for you would be donwload a set of accounts of a real bar/pub and just copy it with some changes etc. you will have to do some searching to find a suitable company but probably easier for you to do it this way. you should be able to find one on cro or vision net. th eonly thing is you need a log in otherwise you will have to pay for it. if you want, let me know and ill get it for you and can email it to you then


  • #6
    hammered
    Registered Users, Registered Users 2 Posts: 23 ✭hammered


    do you have to pay to view all company reports on vision-net?!?!

    or is it possible to look at relevant parts for free?

    thanks for the information so far :)


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