ACC 557 Assignment 2 You Are An Entrepr
Assignment 2: You are an Entrepreneur
Roxanne Joseph-Jerry
Strayer University
ACC 557 Financial Accounting Professor Daniel Terfassa
August 21, 2014
Table of Contents:
Executive Summary
Company Summary
Start Up Summary
Start Up Expenses
Income Statement
Balance Sheet
Internal Control
Compliance and Regulatory Bodies
References
Executive summary
ABC Learning Academy aims to prepare its students to excel as young leaders of tomorrow by combining an exclusive collegiate-based curriculum tailored specifically for children with enhanced, first class child care services. Unlike our competitors, we offer advanced technology programs, after-school tutoring and activities such as arts and crafts, dance, theatre and gymnastics, all in one location.
ABC Learning Academy is a privately held corporation run by its owner, Mrs. Evelyn Santana. Mrs. Santana has over 20 years of Directorship within an academic environment. With inflation continuing to rise each year, the typical American family now requires dual or supplemental incomes. This trend has created a need for quality child care services. The population growth in the Philadelphia area of Roxborough County is now over 15%, leading us to anticipate expanding market potential for this industry in our local area. Price, service, certification and reputation are critical success factors in the child care services industry. ABC Learning Academy will compete well in our market by offering competitive prices, high-quality child care services, and leading edge education program with certified, college educated instructors, and by maintaining an excellent reputation with parents and the community we serve.
This day care business plan will focus on two sub divisions: Manayunk and Upper Roxborough, which are new upscale community developments with a 2 square mile radius, boasting over 600 new homes. Our target customers are dual income, middle class families who value the quality of education and
Roxanne Joseph-Jerry
Strayer University
ACC 557 Financial Accounting Professor Daniel Terfassa
August 21, 2014
Table of Contents:
Executive Summary
Company Summary
Start Up Summary
Start Up Expenses
Income Statement
Balance Sheet
Internal Control
Compliance and Regulatory Bodies
References
Executive summary
ABC Learning Academy aims to prepare its students to excel as young leaders of tomorrow by combining an exclusive collegiate-based curriculum tailored specifically for children with enhanced, first class child care services. Unlike our competitors, we offer advanced technology programs, after-school tutoring and activities such as arts and crafts, dance, theatre and gymnastics, all in one location.
ABC Learning Academy is a privately held corporation run by its owner, Mrs. Evelyn Santana. Mrs. Santana has over 20 years of Directorship within an academic environment. With inflation continuing to rise each year, the typical American family now requires dual or supplemental incomes. This trend has created a need for quality child care services. The population growth in the Philadelphia area of Roxborough County is now over 15%, leading us to anticipate expanding market potential for this industry in our local area. Price, service, certification and reputation are critical success factors in the child care services industry. ABC Learning Academy will compete well in our market by offering competitive prices, high-quality child care services, and leading edge education program with certified, college educated instructors, and by maintaining an excellent reputation with parents and the community we serve.
This day care business plan will focus on two sub divisions: Manayunk and Upper Roxborough, which are new upscale community developments with a 2 square mile radius, boasting over 600 new homes. Our target customers are dual income, middle class families who value the quality of education and
References: Business Planning (http://Articles:BPLANS.com/Writing-A-Business-Plan Generally Accepted Accounting Principles (GAAP): Standards & Rules for Accountants Ryan Goodrich, BusinessNewsDaily http://www.businessnewsdaily.com/5486-generally-accepted-accounting-principles-gaap.html Accounting & Internal Control Procedures by Osmond Vitez, Demand Media http://smallbusiness.chron.com/accounting-internal-control-procedures-3795.html Weygandt, J.J. , Kimmel, P.D., & Kieso, D.E (2012). Financial Accounting. (8th ed.) Hoboken, NJ: John Wiley & Sons.