Global Footwear Business Plan: Accounting, Finance, and Operations

This project provides a comprehensive business plan for "Global Footwear," a new footwear business. It details the company's vision, legal structure as a partnership, and market positioning. The plan explores various financing options, including SBA loans, crowdfunding, and bank credit, with justifications for each. It outlines the accounting processes, including the chart of accounts, special journals, and adjustment/closing entries. Furthermore, it addresses considerations for profit distribution versus retention, emphasizing the needs of a start-up business for reinvestment. The plan adheres to Australian Accounting Standards and considers factors like the economic climate and legal constraints. The project aims to provide a detailed overview of the financial and operational strategies necessary for the success of a new business venture in the footwear industry.