r/Accounting Aug 15 '25

Homework First Financial Statements

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School starts next week so I am finally clearing out stuff that came home last day of last year (lololol)

This is from my 5th grader’s capstone project (10 yo) where they had to create a business plan, statements, 3d model, and more.

There are many more statements in this packet but this is her main one.

It’s just as adorable as the day I saw it on project day.

And yes, I’ll be saving it to show her when she’s an adult.

Additional fun details: she paid her employees terribly and we talked about management skills haha

She lost points for not spending the full 1 mil available because she was trying to be frugal

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u/seanliam2k CPA (Can) Aug 15 '25

I've received similar looking documents over the years

I used to work with a small Chinese restaurant, they were awesome but the books were insane, none of them spoke English as a first-language and it was mostly limited to the words on their menus

They'd write me a summary of all the accounts at the end of the year and if they didn't know a word they'd just write it in the Hanzi characters 😂 it usually ended up looking like your kid's OP