Objectives

The objectives of this three-week module are for each team to build the foundation of a financial model for their co-op project, by:

  • gaining a basic familiarity with financial terms
  • establishing fixed and variable costs of the business
  • establishing prices and cost of goods sold (COGs)
  • creating a break-even analysis
  • establishing and validating assumptions
  • basic understanding of  financial statements (balance sheet, income statement, cash flow)
  • understanding what lenders and investors want to know (and why)

In addition, we also seek to provide you with:

  • a basic understanding of  financial statements (balance sheet, income statement, cash flow)
  • a perspective on what lenders and investors want to know about your co-op (and why)