INITIAL PLAN

NAME OF THE BUSINESS

The seventh (7th) group, which includes seven (7) members, has opted to start a
business selling computer parts and providing computer hardware services after being tasked
with producing a portfolio containing the business documentation. The crew has come up
with the name "Guarantech" for their company. The name "Guarantech" is formed from the
phrases "Guarantee" and "Technology," specifically computer parts. The combination of the
terms indicates that the organization provides ideal computer hardware items and repair
services to its consumers and clients. The group has finalized the name of a business entity as
"Guarantech" based on various recommendations from members because it is the most
appropriate name for the business entity, indicating that the company is authentic and
trustworthy.

BUSINESS LOGO

A brand logo is one of the pivotal elements in starting a business since it grabs the
customer's attention. It gives the company its personality and distinguishes it from other
companies in its sector. Our team thoughtfully created and selected the business logo. The
futuristic feel of the logo represents how modern conveniences like electronic appliances and
faster communication have made our lives more comfortable. We concentrate on the
significance of the logo rather than just how it looks. Each color and component of the logo
has a specific meaning. To attract the customer's attention while creating a futuristic image,
we chose the color blue with low contrast and great vibrance. Since the atom represents the
source and the center of all things, the company also used an atom sign to symbolize the
slogan One Shop All Solution.

In this matter, the logo signifies the company's overall environment, The futuristic
design, and the catchiness of the logo. The symbol for science and energy marks an atom,
serves as the basis for all substances and energy, and is the cornerstone for human progress.
The circle stands for totality, excellence, fulfillment, and cyclical motion. Additionally, they
stand for strength, openness, community, and friendship. The color blue is used in the logo as
it creates a sense of security while showing loyalty and professionalism.

ASSIGNMENT FOR TASKS TO GROUP MEMBERS

The leader of the group assigned the task to its members, including the parts of the
virtual business portfolio, to finish the desired portfolio before the set of deadlines and have a
smooth flow of activities that would help the members and leader to have a guide and aim for
the outcome performance. Thus, these are the task given:

Alera, Neo Eri S.

CHAPTER 1:

 Introduction
 Working Days
 VAT or Non-VAT Registered Business
 Other Information

CHAPTER 2:

 Different Business Transactions

 General Ledger, Subsidiary Ledgers and Supporting Schedule
 Statement of Cash Flows
 Statement of Financial Position

APPENDIX:

 Definition of Terms

Insights

Curriculum Vitae

Caingles, Jazkay M.

CHAPTER 1:

 Business Name
  Composition of Employees
 Methods Used in Recording Adjustments

CHAPTER 2:

 Different Business Transactions

 General Journal and Special Journals
 General Ledger, Subsidiary Ledgers and Supporting Schedule
 Adjusted Trial Balance
 Post – Closing Trial Balance

APPENDIX:

 Definition of Terms

Insights

De Guzman, Vanessa E.

CHAPTER 1:

 Owner’s Name
 Business Form
 Financial Statements Forms/Presentations/Method

CHAPTER 2:

 Chart of Accounts
 Different Business Transactions
 General Ledger, Subsidiary Ledgers and Supporting Schedule
 Statement of Changes in Owner’s Equity

APPENDIX:

 Source Documents
 Definition of Terms

Insights

Pelipas, Princess Mae Z.

CHAPTER 1:

 Business Profile
  Accounting System Used
 Type of Sales
 Other Information

CHAPTER 2:

 Different Business Transactions

 General Ledger, Subsidiary Ledgers and Supporting Schedule
 Adjusting Entries
 Closing Entries

APPENDIX:

 Definition of Terms

Insights

Saldia, Joel

CHAPTER 1:

 Business Logo
 Business Profile
 Business Address
 Inventory System Used
 Other Information

CHAPTER 2:

 Different Business Transactions

 General Journal and Special Journals
 General Ledger, Subsidiary Ledgers and Supporting Schedule
 12-Column Worksheet

APPENDIX:

 Source Documents
 Definition of Terms

Insights

Serrano, Carmela G.
 CHAPTER 1:

 Date Started
 Working Hours
 Type of Sales
 Other Information

CHAPTER 2:

 Different Business Transactions

 General Ledger, Subsidiary Ledgers and Supporting Schedule
 Unadjusted Trial Balance

APPENDIX:

 Source Documents
 Definition of Terms

Insights

Tastar, Albert P.

Acknowledgment

Dedication

CHAPTER 1:

 Vision and Mission Statements

 Business Type
 Financial Statements Forms/Presentations/Method
 Methods Used in Recording Adjustments

CHAPTER 2:

 Different Business Transactions

 General Ledger, Subsidiary Ledgers and Supporting Schedule
 Statement of Financial Performance
 Reversing Entry

APPENDIX:

 Source Documents
 Definition of Terms
Insights
 SELECTIVE TASK ASSIGNMENT TO GROUP MEMBERS

MEMBERS
ASSIGNMENTS
Alera, Neo Eri Caingles, De Guzman, Pelipas, Saldia, Joel Serrano, Tastar, Albert
Jazklay Vanessa Princess Mae Carmela
Acknowledgment
Dedication
Business Name
Business Logo
Vision and Mission Statement
Introduction
Business Profile
Owner’s Name
Date Started
Business Address
Composition of Employees
Working Hours
Working Days
Business Form
Business Type
Accounting System Used
Inventory System Used
Type of Sales
VAT or Non-VAT Registered
Business
Financial Statements
Forms/Presentation/Method
Methods used in recording
adjustment
Other Information
Chart of Accounts
Different Business Transaction
General Journals & Special Journals
General Ledger and Subsidiary
Ledgers
Unadjusted Trial Balance
12-column Worksheet
Adjusting Entries
Adjusted Trial Balance
Income Statement
Statement of Changes in Equity
Balance Sheet
Cash Flows Statement
Closing Entries
Post-Closing Trial Balance
Reversing Entries
Source Documents
Definition of Terms
Insights
Curriculum Vitae
Reviewing the output
Submission of the Final Output
TABLE 1. TASK ASSIGNMENT TO GROUP MEMBERS
EXPECTED DATES OF DIFFERENT TASK COMPLETION

Our team has finished distributing various jobs among its members' name-based task
allocation tool. From the formulation of the introduction to the editing of designs and
transactions. Discussed the deadline for submitting the assignment for revision and the final
result. The assigned task expects to complete on the agreed-upon day.

Submission of the Initial Plan ………………………………………………….....December

17

Acknowledgment…………………………………………………………………December 24

Dedication………………………………………………………………………...December 24

Business Name………………………………………………………………........December
24

Business Logo…………………………………………………………………….December
24

Vision and Mission Statements…………………………………………………...December

24

Introduction……………………………………………………………………….December
24

Business Profile…………………………………………………………………..December 24

Owner’s Name…………………………………………………………………....December 24

Date Started……………………………………………………………………….December
24

Business Address………………………………………………………………....December 31

Composition of Employees…………………………………………………………December
31

Working Hours…………………………………………………………………....December
31

Working Days…………………………………………………………………….December 31

Business Form………………………………………………………………….....December
31

Business Type………………………………………………………………….....December 31
Accounting System Used………………………………………………………....December
31

Inventory System Used…………………………………………………………...December 31

Type of Sales……………………………………………………………………...December
31

VAT or Non-VAT Registered Business…………………………………………..December

31

Financial Statements Forms/Presentations/Method…………………………………..January 7

Methods Used in Recording Adjustments…………………………………………….January

7

Other Information…………………………………………………………………….January 7

Chart of Accounts……………………………………………………………………..January
7

Different Business Transactions……………………………………………………...January 7

General Journal and Special Journals…………………………………………………January

7

General Ledger, Subsidiary Ledgers and Supporting Schedules……………………..January

7

Unadjusted Trial Balance……………………………………………………………..January

7

12-Column Worksheet………………………………………………………………..January 7

Adjusting Entries……………………………………………………………………...January
7

Adjusted Trial Balance………………………………………………………………January

14

Statement of Financial Performance………………………………………………...January

14

Statement of Changes in Owner’s Equity……………………………………………..January

14

Statement of Cash Flows…………………………………………………………….January

14
Statement of Financial Position……………………………………………………...January
14

Closing Entries………………………………………………………………………January
14

Post – Closing Trial Balance………………………………………………………...January

14

Reversing Entry……………………………………………………………………..January 14

Source Documents…………………………………………………………………..January 14

Definition of Terms………………………………………………………………….January
14

Insight……………………………………………………………………………….January 14

Curriculum Vitae…………………………………………………………………….January
14

Reviewing the Output……………………………………………………………….January 17

Submission of the Final Output……………………………………………………...January

19

Preparation of the Oral Defense……………………………………………………..January

22

Oral Defense ………………………………………………………………………..January

23
TABLE 2. TIME TABLE OF DEADLINES
PROGRESS DOUGHNUT CHART

Week 1 Progress

After all the tasks in week 1 is accomplished, the

team deemed it as a 25% progress from the
25% 100%, for the team already completed a quarter
of the assigned tasks.

Week 2 Progress

After completing the tasks assigned in week 2,

the team considered it as a 55% progress from
the 100% which goes beyond half of the
55% completion of the project this is because the team
has already accomplished the most time
consuming tasks given.

Week 3 Progress

After the tasks allocated in week 3 is

accomplished, the team deemed it as a 75%
75% progress from the 100%. Considering that the
team already fulfilled one of the difficult tasks
allocated where the accounting cycle begins.
Week 4 Progress

After almost all the parts of the portfolio are

integrated, the team considered week 4 as a 90%
progress from the 100%. At this time, the
90% accounting cycle ends and in addition, the source
documents, the definition of terms, curriculum
vitae and insights are also finished.

Week 5 Progress

Fulfilling all the tasks assigned in week 5, the

team shall attain a 100% progress, this means
100% that all tasks are completely executed including
the oral defense.