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)