The Ankh Collection: Preparing Pro Forma Financial Statements Available to Purchase

This case exercise may be taught as a single project or several separate exercises in the context of an introductory managerial accounting class. The assignment helps students prepare pro forma financial statements from the description of a start-up business plan. The emphasis is on applying appropriate accounting principles of data presented in a narrative format as in real business situations. The exercise may also be used to reinforce applications of managerial accounting concepts that are essential in an entrepreneurial setting.

The Ankh Collection presents Jennifer Nunes' research and plans for a new clothing company. Ankh will be a line of...