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CoursHeroTranscribedText: You are to assume that you have been approached by an investor for a potential investment in a startup business. In light of that, as you plan to set up your start up you evaluate all your costings, revenues and budgets. Prepare a detailed costing and budgeting report to give to the investor for taking the final decision to invest in your startup. While competing the report you should focus on the following areas 1. A detailed synopsis about your start-up. 2. Projected financial statements: Income statement, Balance Sheet and Cash flow statements 3. Products of your start-up. 4. Calculation of revenues. 5. Identify your variable and fixed costs. 6. Consider each product of your start up as a job. Usually in start-ups in the early stages they do not go for mass production so consider each project or product as a separate job. 7. Identify the actives in the job. 8. Identify suitable cost drivers for overheads. 9. Prepare Profit and Loss using Simple costing and ABC. 10. Prepare a detailed manufacturing account for your start up products. 11. From your knowledge of ACN 202 prepare a cash budget for the 1st year of the start-up dividing the year into 4 quarters and also showing the totals for the year. You may consider preparing some raw materials and production budget as well. 12. To give your assignment an extra edge you may deploy some capital budgeting techniques to evaluate the viability of each product or project

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