Write clearly and concisely about financial accounting using proper writing mechanics.

1: You Are an Entrepreneur!

Due Week 6 and worth
280 points

Student life does not
generally afford a great deal of free time to pursue your personal interests;
however, at one point, you may have considered turning a personal interest or
hobby into an official enterprise. Today, you have finally decided to turn that
hobby into a business but have realized that you need start-up capital from a
lender or investor.

To obtain funding,
you need to convince a lender / investor that your business is more than a
hobby. You need to demonstrate that you have a firm grasp of your business, the
accounting practices that impact your business, the controls needed to
safeguard assets, and which accounting system will produce accurate and
relevant financial information.

Write a six to eight
(6-8) page business plan in which you:

1.Describe the type
of business you have created including:

a.The product or
service, and general staffing plan. Provide a rationale for your plan.

b.The form of your
business and the benefits it offers your particular business,

c.A chart of accounts
specific to your business, including a rationale as to the selection of each
account. (Note: The chart of accounts is a blueprint of your business for the
lender/investor. It should report the expected resources that you will consume
in your business (assets), the sources of those resources (liabilities and
equity), the sources of revenue, and expenditures that you expect to incur to
earn those revenues. You may build a detailed chart that includes business
units, divisions, product lines, etc.)

2.Based on the form
of your business, analyze whether or not you will be required to use Generally
Accepted Accounting Principles (GAAP) or International Financial Reporting
Standards (IFRS) accounting methods and how the IFRS / GAAP convergence will
impact your business. Suggest how you will incorporate any changes into your
books and records. (Note: You need to demonstrate to the lender/investor that
you have recognized possible changes to GAAP that may impact the accounting and
reporting of your accounting events.)

3.Prepare a pro forma
balance sheet and income statement providing the assumptions made and support
the valuations assigned.

4.Considering the
value of assets (assigned per your balance sheet) used within your business,
recommend two (2) specific internal controls that you will implement to protect
your company’s assets and resources, justifying how each will provide
assurances to management. (NOTE: Safeguarding
assets and protecting personal data are paramount to ensuring the viability of
a business. Demonstrate to the
lender/investor that your assets will be safeguarded and customer information
(if applicable) will be protected.)

5.Based on the
internal control recommendations that you made, suggest how you will implement
each within your business environment, indicating how challenges or resistances
will be overcome.

6.Evaluate the impact
of the regulatory environment, including the Sarbanes-Oxley Act and other
regulatory requirements, on your business venture, giving considering to how
you intend to comply with the requirements and the general impact to decision
making within your business.

7. Use at least four
(4) quality academic resources in this assignment. Note: Wikipedia and other Websites
do not qualify as academic resources.

Your assignment must follow these formatting requirements:

•Be typed, double spaced, using Times New Roman font (size
12), with one-inch margins on all sides; citations and references must follow
APA or school-specific format. Check with your professor for any additional

•Include a cover page containing the title of the
assignment, the student’s name, the professor’s name, the course title, and the
date. The cover page and the reference page are not included in the required
assignment page length.

The specific course learning outcomes associated with this
assignment are:

•Examine accounting principles and concepts used in

•Assess appropriate internal controls, regulatory
requirements according to the Sarbanes-Oxley Act, and fraud prevention and

•Use technology and information resources to research issues
in financial accounting.

•Write clearly and concisely about financial accounting
using proper writing mechanics.

Homework Market
Calculate your paper price
Pages (550 words)
Approximate price: -

Why Homework Market


Quality Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Homework Market

Qualified Writers

We have hired a team of professional writers experienced in academic and business writing. Most of them are native speakers and PhD holders able to take care of any assignment you need help with.


Unlimited Revision

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account.


Timely Delivery

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. We will always strive to deliver on time.


Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text.


Customer Support 24/7

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:

How it works?

Follow these simple steps to get your paper done

Homework Market

Place your order

Fill in the order form and provide all details of your assignment.

Homework Market

Proceed with the payment

Choose the payment system that suits you most.

Homework Market

Receive the final file

Once your paper is ready, we will email it to you.

Homework Market Writing Services

No need to work on essay at night. Sleep tight, we will cover your back. We offer all kinds of essay writing services.

HomeworkMarket HomeworkMrket


Essay Writing Services

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.

HomeworkMarket HomeworkMarket


Admission Essays

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.

HomeworkMarket HomeworkMarket


Essay Editing

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.

HomeworkMarket HomeworkMarket

Research Paper

Research Paper

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied.