Read Chapters 13 through 16 to prepare for this assignment. Review the BUS215 Week 4 Financial Report template Download BUS215 Week 4 Financial Report template you will use for this assignment.
For the Week 2 assignment, you created questions for your client interview, and you should have completed the interview by now. This week, you will create a financial report based on the information gathered from that client interview. The purpose of this report is to analyze the current financial situation of your client and evaluate the client’s financial goals based on current social, demographic, and economic trends. You will solve the client’s current financial problems, which are a hindrance to achieving their financial goals, by applying the principals and processes of financial management. You will create a viable contingency plan and make recommendations to help the client achieve their financial goals.
For the sake of anonymity, you do not need to disclose the name of the person or in what way you know him or her. You will be creating a presentation and recording a video presenting your financial report findings in Week 5. Please look ahead to the Week 5 – Final Project and read the Financial Report Presentation final project, and grading rubric details.
For this assignment, download and use the BUS215 Week 4 Financial Report template Download BUS215 Week 4 Financial Report template . Address your client’s financial situation with critical thought and analysis. Refer to the Writing Center’s resources below to organize well thought-out recommendations in the report.
The Financial Report must
Summarize the client’s background.
Evaluate the client’s current financial situation.
Identify the client’s future goals.
The goals should be substantive in nature and realistic, given the client’s current financial situation and future income goals.
At a minimum, your report should address one goal for each of the following four areas.
Retirement goals
Home ownership goals
College savings goals
Investment goals
Evaluate the client’s goals.
Evaluate the client’s financial goals based on current social, demographic, and economic trends.
For example, you can evaluate if the goals are feasible and attainable based on these three trends
Create initiatives to mitigate risks and deliver financial returns.
Use the compiled financial data to create at least two charts or graphs to illustrate trends, comparisons, or financial status.
You may want to show the client where they are now versus where they could be after achieving their financial goals.
Canva (Links to an external site.) is a good free tool to use. Alternately, Word, Excel, or PowerPoint are good resources to create graphs or charts. Refer to these tutorials for support: Add a Chart to Your Document in Word (Links to an external site.), Use Charts and Graphs in Your Presentation (Links to an external site.), and Create a Chart in Excel Video (Links to an external site.).
Create a contingency plan and make recommendations to help the client achieve their financial goals.
Justify your statements by citing and referencing credible sources to support the financial advice.
Include a summary of recommendations at the end of the report.
Accessibility Statement: If you have a disability that impacts your ability to successfully participate in this or any other course activity, please provide your instructor with your authorized Accommodation Request form from the Office of Student Access and Wellness so that they can discuss and arrange an alternative plan with you.
For additional concerns, please reach out to your instructor.
The Financial Report
Must be six to eight double-spaced pages in length (not including title and references pages) and formatted according to APA Style (Links to an external site.) as outlined in the Writing Center’s APA Formatting for Microsoft Word (Links to an external site.).
Must include a separate title page with the following:
Title of paper in bold font
Space should appear between the title and the rest of the information on the title page.
Student’s name
Name of institution (The University of Arizona Global Campus)
Course name and number
Instructor’s name
Due date
Must utilize academic voice. See the Academic Voice (Links to an external site.) resource for additional guidance.
Must include an introduction and conclusion paragraph. Your introduction paragraph needs to end with a clear thesis statement that indicates the purpose of your paper.
For assistance on writing Introductions & Conclusions (Links to an external site.) and Writing a Thesis Statement (Links to an external site.), refer to the Writing Center resources.
Must use at least two scholarly or credible sources in addition to the course text.
The Scholarly, Peer-Reviewed, and Other Credible Sources (Links to an external site.) table offers additional guidance on appropriate source types. If you have questions about whether a specific source is appropriate for this assignment, please contact your instructor. Your instructor has the final say about the appropriateness of a specific source.
You are encouraged to research scholarly articles. Wikipedia is an example of a source that is not acceptable.
To assist you in completing the research required for this assignment, view Quick and Easy Library Research (Links to an external site.) tutorial, which introduces the University of Arizona Global Campus Library and the research process, and provides some library search tips.
Must document any information used from sources in APA Style as outlined in the Writing Center’s APA: Citing Within Your Paper (Links to an external site.).
Must include a separate references page that is formatted according to APA Style as outlined in the Writing Center. See the APA: Formatting Your References List (Links to an external site.) resource in the Writing Center for specifications.
