How much cash will our customers owe us? We've looked at how to prepare proforma profit and loss (income) statements and how to generate cash flow forecasts from these. Once we have the cash flows, it ...

The document produced is known as a balance sheet and represents a freeze frame of what the business owns and owes at a particular moment in time. In the UK the classic format of the balance sheet is ...

Financial statements ... Net profit after taxes. This is the "bottom line" earnings of the business. It's computed by subtracting taxes paid from net income before taxes. Balance Sheet The balance ...

Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who has been working in the accounting and finance industries for more than 20 years. Her expertise ...