Personal Finance Project- Report
Question # 49948 | Accounting | 1 month ago |
---|
$15 |
---|
Part 3
The final section will be a report which describes the solutions you found for all of your fictitious family's financial challenges.
Your report should be set up as follows by using these section headers:
- Introduction
- In one or two paragraphs, describe your family using the information you created in Part 1 as well as the purpose of this report. (Hint - The purpose of the report is to offer advice to your family on how to solve their financial challenges.)
- 1st Financial Challenge
- In two or three paragraphs, address the following:
- Identify the first financial challenge.
- Why is this a challenge?
- Have any steps already been taken to address the challenge?
- What do you recommend your fictitious family does now and in the future to address this challenge?
- Identify at least one specific personal financial principle covered in the textbook that supports your recommended solution. How/why does it support your recommendation?
- What social and economic influences in your fictitious family's life were considered in determining your recommended solution?
- Which Excel worksheet/s did you use to help form your recommended solution? Why? How did the results of the worksheet lead you to your recommendation?
- In two or three paragraphs, address the following:
- 2nd Financial Challenge
- (repeat items from the first financial challenge section for the second financial challenge)
- 3rd Financial Challenge
- (repeat items from the first financial challenge section for the third financial challenge)
- (this section is only needed if you identified 3 challenges in Part 1)
- Conclusion
- In one or two paragraphs, wrap up the report.
- In this section, you'll be briefly restating each of the financial challenges your fictitious family is facing and your recommendations.
- Be sure to discuss the overall role that personal financial planning plays in the family's life.
Your final report (Part 3) should be 3-5 pages, not including the reference page. Use 12 point font and double space. Any sources used must be included on a reference page at the end, and you must also include in-text citations. Please be sure to use the above section headers on your report!
Attachments:
