PPT-Income Statement and Balance Sheet

Instructor Ryan Williams Learning Objectives 1 Recognize items that belong on an Income Statement 2 Prepare an Income Statement 3 Calculate COGS given information about changes in inventory . O Box 342 Katoomba NSW 2780 19 Millyard Lane Katoomba 2780 Australia Phone 02 4782 3073 Email infomusicfunnetau eb www musicfunnetau Please feel free to contact us with any questions about the copying and use of our worksheets in your school brPage 3 Pro Forma Financial Statements. Projected or “future” financial statements.. The idea is to write down a sequence of financial statements that represent expectations of what the results of actions and policies will be on the future financial status of the firm.. Forecasting the Future Financial Condition of the Firm. Pro Forma Financial Statements. Projected or “future” financial statements.. The idea is to write down a sequence of financial statements that represent expectations of what the results of actions and policies will be on the financial status of the firm into the future.. Statements of income and comprehensive income. Statements of financial position and changes in equity. Remember the attendance sheet!. I. Statements of income and comprehensive income. Theoretical considerations. 1. WHAT IS A BUDGET?. 2. KEEPING YOUR BALANCE. WHAT IS A BUDGET?. BUDGET: A SPENDING PLAN THAT COVERS A SPECIFIC PERIOD OF TIME. 3. KEEPING YOUR BALANCE. A . BALANCED BUDGET . IS IMPORTANT FOR ALL WORKERS. Business Decisions and Financial Accounting. PowerPoint Authors:. Brandy Mackintosh. Lindsay . Heiser. Learning Objective 1-1. Describe various organizational forms and business decision. makers.. Agenda. Recap of the Income Statement. What is the Balance Sheet. Assets. Liabilities. Equity. Putting it all together. Case Study. What is an Income Statement. The income statement summarizes the inflows and outflows of money . of Payments. Prepared by:. Fernando Quijano. Dickinson State University. 16. 1. Measuring. Macroeconomic. Activity: An. Overview. 2. Income, Product,. and Expenditure. 3. The Balance of Payments. 4. Two Hands on the Wheel. 2016. Objectives. Get you familiar with basic financial documentation. Balance Sheet. Cash Flow. Statement of Cash Flow. Cash Flow Budget. Record Keeping. Income Statement. Net Farm Income. Income Statement. ACCOUNTING . January 30, 2014. http://www.youtube.com/watch?v=Z7C4cz2HkeY. Welcome to Chapter 7. . Chapter 7 Covers the preparation of an income statement and a balance sheet for a proprietorship.. Paul D. Mitchell. Goal. Overview accounting balance sheet as it pertains to agricultural operations. How to read a balance sheet. Methods used to prepare . a balance . sheet. Depreciation methods. Balance Sheet. Worksheet for a Service Business Chapter 6.1 WARM UP In your Textbook, check out page 151 and read the accounting in the Real World section and answer the two Critical Thinking Questions that follow. INTRODUCTION. The stakeholders of a business are interested in financial progress. The assessment of financial progress is done by estimating the impact of business activities on financial position and... Cash Flow Budgeting and Financial Planning. Professor David Gilchrist. Director, NFPs UWA Research Team. 18 November 2021. @Gilchrist DJ. @NFPsUWA. Focus. Cash Flow Budgeting & Financial Planning.