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The Barbell Box
Cobourg, Ontario, Canada
CH
Founder
Preferred learners
  • Canada
  • Academic experience
Categories
Finance Accounting Financial modeling Financial services
Project scope
What is the main goal for this project?

The main goal for the project is to provide The Barbell Box with accurate and timely monthly financial statements and projections to support decision-making and financial planning. This will involve several different steps for the students, including:


- Analyzing the company's financial data and transactions to ensure accuracy and completeness.


- Generating monthly bookkeeping reports to track income, expenses, and cash flow.


- Preparing monthly financial statements, including balance sheet, income statement, and cash flow statement.


- Developing financial projections for the upcoming months based on historical data and current trends.


- Collaborating with the internal team to ensure the accuracy and relevance of the financial reports and projections.


What tasks will learners need to complete to achieve the project goal?


By the end of the project, students should complete the following tasks:


- Monthly bookkeeping reports for income, expenses, and cash flow.


- Monthly financial statements including balance sheet, income statement, and cash flow statement.


- Financial projections for the upcoming months based on historical data and current trends.


- Collaborative discussions and feedback with the internal team to ensure accuracy and relevance of the financial reports and projections.



Final deliverables:


- A comprehensive report detailing the monthly financial reports and projections.


- Presentation of the financial reports and projections to the internal team.


How will you support learners in completing the project?

The goal of the project is to provide the candidate with as much access to the company as possible while providing an invaluable experience of learning into the inner workings of an entrepreneurial startup the way our founder had when he was in university.

What skills or technologies will help learners to complete the project?


In order to complete this project, students should have the following skills:


- Accounting and bookkeeping knowledge.


- Financial analysis and reporting.


- Proficiency in financial software and tools specifically Microsoft Excel and Quickbooks


- Attention to detail and accuracy in financial data analysis.


- Effective communication and collaboration with the internal team.

About the company

We are an online e-commerce fitness subscription box company