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Basic Financial Statements

There are a variety of tools used for pro forma financial objectives planning and post-facto reporting ...
  • Assumptions: a thing that is accepted as likely to happen ... the probability of a particular customer placing an order in the next 6 weeks, for example
  • Budget: an estimate of income and expenditure for a set period of time
  • Income Statement: provides performance information about a time period. It begins with sales and works down to net income and earnings per share (EPS)
  • Cash Flow Statement: the total amount of money being transferred into and out of a business; a positive cash flow is good.
  • Balance Sheet: a statement of the assets, liabilities, and capital of a business or other organization at a particular point in time.

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