BUSINESS

ENTERPRISE
SIMULATION
1
BENS
Updates
Let’s start the class with the updates for BENS2122
Updates
￮ Business operations were concluded last May
31, 2022
￮ Anyone who wants to continue their business
can continue their business, but for academic
purposes, reports will only include transactions
during academic conclusion of business

3
2
Further Req.
Let’s continue the class with the further requirements
Further Requirements
￮ Statement of Financial Position as at May 31, 2022
￮ Income Statement for the bi-month ended May 31, 2022
￮ Direct Method Statement of Cash Flows for the bi-month ended
May 31, 2022
￮ Statement of Changes in Partner’s Equity for the bi-month ended
May 31, 2022
￮ Statement of Partnership Liquidation
￮ Curriculum Vitae
￮ Individual Narrative Report with documentation

5
Income Statement
￮ Sales Revenue
￮ Cost of Sales
￮ Operating expenses
￮ Non-operating expenses
￮ Licensing requirement

6
Statement of Financial
Position
￮ Cash
￮ Receivables
￮ Inventory (if there is a remaining inventory)
￮ Unused Supplies
￮ Fixed Assets (please specify including their
depreciation)
￮ Food card/Selling Equipment
￮ Liabilities
￮ Partners’ Equities (including profit distributed)

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Cash Flows
￮ Operating Activities (Current assets and current
liabilities)
￮ Investing Activities (Non-Current assets)
￮ Financing Activities (Non-Current liabilities and
partner’s equity)

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Partner’s Equity
￮ Zero-beginning balance
￮ Investment (please specify who among the partners
invested)
￮ Withdrawal (please specify who among the partners
withdraw)
￮ Net Income (please distribute the net income among
partners)

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Partnership Liquidation
￮ Payment of liabilities from company assets
￮ Distributing remaining assets to each partners

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 Cash A/R Inv. CV-Bldg CV-Cart Liab. A, Cap. B, Cap. C, Cap.

Balance 5,000 2,000 2,000 7,000 4,000 4,000 5,750 5,750 5,500

Payment (4,000) (4,000)

of
liabilities
Balance 1,000 2,000 2,000 7,000 4,000 0 5,750 5,750 5,500
after
paymen
t of liab.
Realizati 15,000 (2,000) (2,000) (7,000) (4,000)
on of N-
C-A
Balance 16,000 0 0 0 0 0 5,750 5,750 5,500

Cash (16,000) (5,750) (5,750) (5,500)

Dist.
Balance 0 0 0 0 0 0 0 0 0
 Cash A/R Inv. CV-Bldg CV-Cart Liab. A, Cap. B, Cap. C, Cap.

Balance 5,000 2,000 2,000 7,000 4,000 7,000 2,750 5,750 5,500

Payment (5,000) (5,000)

of
liabilities
Balance 1,000 2,000 2,000 7,000 4,000 2,000 2,750 5,750 5,500
after
paymen
t of liab.
Realizati 13,000 (2,000) (2,000) (7,000) (4,000) (2,000)
on of N-
C-A
Balance 14,000 0 0 0 0 0 2,750 5,750 5,500

Cash (14,000) (2,750) (5,750) (5,500)

Dist.
Balance 0 0 0 0 0 0 0 0 0
 Cash A/R Inv. CV-Bldg CV-Cart Liab. A, Cap.

Balance 5,000 2,000 2,000 7,000 4,000 4,000 16,000

Payment (4,000) (4,000)

of
liabilities
Balance 1,000 2,000 2,000 7,000 4,000 0 16,000
after
paymen
t of liab.
Realizati 15,000 (2,000) (2,000) (7,000) (4,000)
on of N-
C-A
Balance 16,000 0 0 0 0 0 16,000

Cash (16,000) (16,000)

Dist.
Balance 0 0 0 0 0 0 0
Indi. Narrative Report
￮ 1000-word narrative report
￮ Narrating your:
￮ Role/Task
￮ Routine Activities
￮ Lessons learned
￮ Documentation (with your face in the picture)

14
Final Reports Format
￮ Size: Letter-size Bond Paper
￮ Formatting:
￮ Tahoma
￮ Size 12’
￮ 1.5 spacing
￮ All sides 1’ indention

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Whole Document
Template:
￮ Template:
￮ Cover Page
￮ Income Statement
￮ Financial Position
￮ Cash Flows
￮ Statement of Changes in Equity
￮ Liquidation Report
￮ Curriculum Vitae (CV) in order of Financial
Position Equity presentation
￮ Individual Narrative Report arranged in order of 16
CV
Deadline for Submissions:
￮ Financial Logbook
￮ June 8, 2022 (afternoon, 1600H)
￮ Failure to submit is minus 5 of your grade
￮ Regular BENS Completer & Business Plans Soft-bound
￮ June 17, 2022
￮ I can start receiving your reports on June 13, 2022;
Business Plan submission is ongoing
￮ Failure to submit the Soft-Bound Plan is a demerit for
Third Quarter Grade ; failure to submit reports is deemed
“FAILED” for the 4th Quarter Grade
￮ Incomplete report is minus 3 of whole group’s grade
grade except for CV and narrative report which is
individually deductible by 3.
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Deadline for Submissions:
￮ For Special Students with Completion requirements,
deadline for submission is on June 22, 2022. Failure to
comply is a “FAILED” remark for BENS subject.

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 BUSINESS
ENTERPRISE
SIMULATION