WHITE PAPER
Developing Financial Projections for NonFinance People
This White Paper gives you the tools to answer the two most important questions any business must ask: “Are you financially prepared to begin? Are we able to sustain ourselves?”
You’ll learn:
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What’s on financial statements and how they get there
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How to develop and understand income statements
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How to set up and read balance sheets
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How to use common formulas to evaluate cash flow
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How to create a budget using standard guidelines
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How to read and evaluate income projections
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How to develop your own financial projections through a “fill in the blanks” approach”
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How to accurately determine the value of your idea or business
This memorandum is provided by Public Company Management Services for educational purposes only and is not intended and should not be construed as legal advice.
2004 © Public Company Management Services
5770 El Camino Road.
Las Vegas, NV 89118
Phone: (702) 222-9076 http://www.pubcowhitepapers.com http://www.pcms-team.com http://www.foreigncompanylisting.com http://www.gopublictoday.com
A Budget and Financial Worksheet Overview
Managers must ask, ‘is the business financially prepared to begin/continue’? Understanding basic budgeting guidelines, income projection statements, balance sheets and common formulas to evaluate cash flow help ensure successful operations. This financial knowledge significantly impacts a company’s short term and long term success.
START-UP BUDGET
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personnel (costs prior to opening) legal/professional fees occupancy licenses/permits equipment insurance supplies advertising/promotions salaries/wages accounting income utilities payroll expenses
An operating budget is prepared when you are actually ready to open for business. The operating budget will reflect your priorities in terms of