Assignment 1: You Are an Entrepreneur!Due Week 7 and worth 240 pointsStudent life does not generally afford a great deal of free time to pursue your personal interests; however, at one point, you may have considered turning a personal interest or hobby into an official enterprise. Today, you have finally decided to turn that hobby into a business but have realized that you need start-up capital from a lender or investor.To obtain funding, you need to convince a lender / investor that your business is more than a hobby. You need to demonstrate that you have a firm grasp of your business, the accounting practices that impact your business, the controls needed to safeguard assets, and which accounting system will produce accurate and relevant financial information.Write a six to eight (6-8) page business plan in which you:Describe the type of business you have created including:The product or service, and general staffing plan. Provide a rationale for your plan.The form of your business and the benefits it offers your particular business,A chart of accounts specific to your business, including a rationale as to the selection of each account. (Note: The chart of accounts is a blueprint of your business for the lender/investor. It should report the expected resources that you will consume in your business (assets), the sources of those resources (liabilities and equity), the sources of revenue, and expenditures that you expect to incur to earn those revenues. You may build a detailed chart that includes business units, divisions, product lines, etc.)Based on the form of your business, analyze whether or not you will be required to use Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS) accounting methods and how the IFRS / GAAP convergence will impact your business. Suggest how you will incorporate any changes into your books and records. (Note: You need to demonstrate to the lender/investor that you have recognized possible changes to GAAP that may impact the accounting and reporting of your accounting events.)Prepare a pro forma balance sheet and income statement providing the assumptions made and support the valuations assigned.Considering the value of assets (assigned per your balance sheet) used within your business, recommend two (2) specific internal controls that you will implement to protect your company’s assets and resources, justifying how each will provide assurances to management. (NOTE:  Safeguarding assets and protecting personal data are paramount to ensuring the viability of a business.  Demonstrate to the lender/investor that your assets will be safeguarded and customer information (if applicable) will be protected.)Based on the internal control recommendations that you made, suggest how you will implement each within your business environment, indicating how challenges or resistances will be overcome. Evaluate the impact of the regulatory environment, including the Sarbanes-Oxley Act and other regulatory requirements, on your business venture, giving considering to how you intend to comply with the requirements and the general impact to decision making within your business.Use at least four (4) quality academic resources in this assignment. Note: Wikipedia and other Websites do not qualify as academic resources. Your assignment must follow these formatting requirements:Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The first essay exam assessed your knowledge about the first half of the semester. This essay exam will evaluate your knowledge about the last seven weeks, but also the class as a whole.Thus, this exam will require you to answer two questions in one essay (one essay that is about 4-5 pages long). This semester, we have spent a lot of time learning the history, theories, processes and political implications of global communication. This essay will help see whether you can make the big connections between this course’s themes and theories. Please write an essay responding to the following questions. I have provided additional comments/questions below each main question. These are just tips that will provide you with more clarity regarding the expectations. Answer the following questions in a coherent essay that includes an introduction/thesis and conclusion. Make sure to use evidence from lessons/examples, reading materials, and films and current examples. Use this essay, also, to further expand our conversations. Consider how these dialogues have added to your knowledge/perspectives. Also, make sure to use course material from the entire semester. Your essay in total should be no longer than 5 pages and no shorter than 4 pages. You will get points taken off for submitting an exam with more than 5 pages or less than 4. Please make sure that your essay is not simply opinion-based. Support your claims with specific evidence. You should make direct references (cited correctly) to course material (including sufficient class examples). You need a bibliography in APA style, and also use in-text citations to indicate where you received your information. 1) Regarding what you have learned about the history and theories of international communications, what lesson do you think we should take from this course about media and influence/power, especially regarding politics and international relations? To answer these questions, consider the following:How does studying international communication contribute to our knowledge/ perceptions/opinions about our position and place in the world?What are the roles of propaganda, neo(colonialism), and the growth of capitalism on international communications?2) What have you learned about international communications in relation to understanding cultural and economic power as well as the construction of knowledge? Use this section to address the last four weeks of class. Consider the following, but you don’t have to limit yourself to these ideas:How do we know what we know? How do we create and absorb knowledge about international affairs, politics, etc.?Consider some of the concepts that we have talked about in the last part of the semester: imperialism, globalization, soft power, scientific racism, etc.What are the relationships between globalization, development, music, television and film?Formatting CriteriaMinimum of 4 pages but no longer than 5 pages (12-point font, double-spaced, 1 inch margins)Cite your sources. Include a bibliography in APA style.Proofread your work! Reference the rubric posted on Angel and the Lesson CommentarySave your file as "Last name_First name"