Instructional Plan Income Statement

Paper Summary:

The paper is designed to meet the specific needs of a client (a female shoe store owner) who requires instruction in completing the income statement for her small business. As such, the instructions are geared to the client's level of expertise in the area of accounting and focus largely on enabling the client to prepare her income statement with minimal assistance from professional sources such as an accountant, thus potentially reducing her expenses.

From the Paper:

"This lesson is necessary to help my client in two important areas. The first benefit is practical, as my client will save a significant amount of money by learning to develop her own income statement, rather than relying on the expertise of professional accountants. The client has currently clearly indicated to me that they do not have the specific knowledge that is required to complete this task, and I feel that this instructional paper will fulfill this pressing need. The second benefit is less immediately tangible, and is simply geared at improving my client's general understanding of the accounting practices of her firm. I believe that this instructional paper will improve her overall knowledge about her business' finances, and as such may have unforeseen benefits in helping her to manage financial aspects like cash flow, spending, and budgeting."

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