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Accounting Financial modeling Financial servicesSkills
financial statements finance balance sheet income statement cash flow statements financial data accounting loansTwice As Nice Caribbean Cuisine Inc. is seeking to enhance its financial documentation to meet the stringent requirements of banks and financial institutions. The goal of this project is to develop accurate and professionally structured financial statements and reports. These documents will be crucial for the company to secure loans, business lines of credit, and operational financing, which are essential for its growth and expansion. The project will involve analyzing existing financial data, understanding the specific requirements of financial institutions, and applying accounting principles to create comprehensive financial statements. The team will focus on creating balance sheets, income statements, and cash flow statements that reflect the company's financial health and potential for growth. This project provides an opportunity for learners to apply their classroom knowledge of accounting and finance in a real-world setting, enhancing their understanding of financial reporting and analysis.
The deliverables for this project include a set of professionally structured financial statements and reports for Twice As Nice Caribbean Cuisine Inc. These will consist of a detailed balance sheet, income statement, and cash flow statement. Additionally, a summary report explaining the financial position and potential growth opportunities of the company will be provided. The documents will be formatted to meet the standards required by banks and financial institutions, ensuring they are ready for submission to secure necessary financing.
Providing specialized knowledge in the project subject area, with industry context.
Sharing knowledge in specific technical skills, techniques, methodologies required for the project.
Direct involvement in project tasks, offering guidance, and demonstrating techniques.
Providing access to necessary tools, software, and resources required for project completion.
Scheduled check-ins to discuss progress, address challenges, and provide feedback.
Supported causes
The global challenges this project addresses, aligning with the United Nations Sustainable Development Goals (SDGs). Learn more about all 17 SDGs here.
About the company
Twice As Nice is a well-established Caribbean and international cuisine restaurant that has been serving the Toronto community for over 25 years. Known for its authentic, home-style dishes and warm, family-oriented service, the restaurant has built a loyal customer base through consistency, quality, and cultural connection. Operating seven days a week, Twice As Nice is a cornerstone in the community, offering both dine-in and takeout options. The business is family-run, with Craig Henlin at the helm and supported by his children, part-time staff, and his spouse managing the books. With a strong local reputation and deep community ties, Twice As Nice is now poised for operational improvements, enhanced financial management, and strategic growth opportunities, including potential expansion into new locations.