Web Project _1 - P1 ACC 310F Project#1 Group Members You...

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ACC 310F, Project #1 Group Members You must have betw een 3-5 group members per team List alphabetically by last name: last name, first name #1 #2 #3 #4 #5 P1 The objective of this project is for you to prepare a personal balance sheet and a personal cash budget. Each group member should prepare an individual balance sheet as of February 28, 2008 and an individual cash budget that covers the period from March 2008 to February 2009. Your individual balance sheet should list assets and liabilities in detail. As needed, you should estimate the fair value of specific assets. Unlike a company’s balance sheet, for a personal balance sheet, your equity or “net worth” is calculated by simply subtracting your total liabilities from your total assets (this may result in a negative number). After you have completed your individual balance sheet you should combine your results with those of your group members; in doing so, you should aggregate the details into related categories. As needed, a list of example accounts is shown below.
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