Effective Tips for Writing the Financial Section of Business Plan

Slides:



Advertisements
Similar presentations
Dr Robert A. Phillips Manchester Science Enterprise Centre Financial Planning: Making Sense of the Numbers.
Advertisements

© 2004 The McGraw-Hill Companies McGraw-Hill/Irwin Name of entity 2. Title of statement 3. Specific date 4. Unit of measure The Balance Sheet reports.
2006 Cash Flow Statement Sources of cash: Beginning cash balance Cash receipts from product sales Other sources of cash Total sources of cash Uses of cash:
Essential Standard 4.00 Understanding the role of finance in business. 1.
AGEC 489/689 Spring 2009 Detailed View of Financial Statement Linkages Slide Show #3.
Understanding Financial Statements
GAAP PowerPoint #4.  A formal record of the financial activities of a business  Includes four basic financial statements: ◦ Balance Sheet (Statement.
Financial Budgeting Managerial Accounting Prepared by Diane Tanner University of North Florida Chapter 41.
Financial Strategy and Financial Objectives “Running by the Numbers”
Financial Strategy and Financial Objectives “Running by the Numbers”
Section 36.2 Financial Aspects of a Business Plan
CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 7-1 Preparing an Income Statement.
FINANCIAL RESOURCES MANAGEMENT
10-2 The Financial Plan McGraw-Hill/Irwin Entrepreneurship, 7/e Copyright © 2008 The McGraw-Hill Companies, Inc. All rights reserved. Chapter 10.
ENTR 452 Chapter 10: The Financial Plan. KEY THINGS TO REMEMBER ABOUT FINANCIAL PLANNING Be able to read/understand/use financial statements – they are.
Accounting and Financial Reporting Entrepreneurship & Small Business Management.
Goals  Prepare a pro forma cash flow statement.  Prepare a pro forma income statement.  Prepare a pro forma balance sheet.
Financial Statements Q&A. Name a type of Financial Statement?
Essential Standard 4.00 Understanding the role of finance in business. 1.
Stock Market Analysis and Personal Finance Mr. Bernstein The Three Primary Financial Statements September 2015.
Preparing an Income Statement LESSON 7-1.  An income statement reports financial information over a specific period of time, indicating the financial.
Financials Start up Cost Source of Funds EquityLoans $20K$25K $45K Operational costs Fixed$43,085$113,700$281,840 Variable$29,570$163,220$460,975.
Financial Statements for a Sole Proprietorship Making Accounting Relevant Financial statements provide information to owners and managers about how the.
E-Commerce Project Tenth Lecture Mohammed Antour
Essential Standard 4.00 Understanding the role of finance in business. 1.
Writing A Business Plan. Lesson Goals: Entrepreneurs will learn: –The reasons for preparing a business plan –The components of a business plan –The format.
Lesson 15: Financial Statements. Objectives Define the components of an income statement Define the components of an income statement Identify the line.
Financial Documentation Entrepreneurship Business Plan.
What financial statement uses net income (or net loss) taken directly from the income statement?
Chart of Accounts.
Balance Sheet Audited Active 114, ,666 Current Assets 103, ,673 Fix Assets 218, ,339 Total Passive 93,705 77,844.
The Industry, the Company and its Products
Understanding Feasibility & Accessing Information Mile Markers 3 & 4 (4.02)
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 7-1 Preparing an Income Statement.
BUSINESS PLAN- PART 5 FINANCIAL INFORMATION. THREE IMPORTANT FINANCIAL STATEMENTS Income Statement Cash Flow Statement Balance Sheet.
MAINTAINING FINANCIAL INFORMATION
TWO IMPORTANT FINANCIAL STATEMENTS SBM 110. INCOME STATEMENT The income statement’s primary role is to show a profit or loss over time. Using the difference.
Preparing Financial Statements. 2LESSON 7-1 INCOME STATEMENT INFORMATION ON A WORK SHEET page 182.
Income Statement (“P&L”) Cash Flow Statement Balance Sheet An Introduction to Financial Statements.
Chapter # 5 Financial Plan. Financial Plan for start up business A financial plan is a series of steps or goals used by an individual or business, the.
> > > > Understanding Financial Statements. Balance Sheet What is a Balance Sheet? A statement that shows –(1) How much money a company has –(2) How much.
Financial Statements – Income Statement
Introduction to Accounting and Business
What are the major financial statements needed in a business plan?
The Income Statement Pages in Textbook
Understanding Feasibility & Accessing Information
Chapter 8 – Financial Statements for a Proprietorship
How to do Cash Flow Statements
1.01 Generally Accepted Accounting Principles – Financial Statements
Understanding the role of finance in business.
12-Accounting and Budgeting
Chapter 7 Financial Statements.
Understanding the role of finance in business.
© 2014 Cengage Learning. All Rights Reserved.
Basic Financial Statements
FINANCIAL MANAGEMENT.
INCOME STATEMENT INFORMATION ON A WORK SHEET
Business Management Mrs. Fischer
1.01 Generally Accepted Accounting Principles – Financial Statements
إعداد القوائم المالية Preparation of Financial Statements
BUSINESS HIGH SCHOOL-ACCOUNTING I
MAINTAINING FINANCIAL INFORMATION
LESSON 7-1 Preparing an Income Statement
ENTREPRENEURSHIP Lecture No: 31 BY CH. SHAHZAD ANSAR
Finance Planning & Strategy.
Understanding the Key Financial Statements
Point 6 Financial Statements
Entrepreneurship, Continued Financial Statements
Managerial Control Chapter Sixteen.
Budgeting P5.
Presentation transcript:

Effective Tips for Writing the Financial Section of Business Plan

We Provide Advice When Your Business Needs It Not Just When You Ask For It! A business plan is a professional document which defines the goals and objectives of the business. It also includes the work strategies, methods, and techniques for the employees so that they can attain these goals. All these strategies help employees work in one common direction with any chaos and confusion. A successful business plan includes various sections and all of them are created after analysing every single aspect of the business. What is Business Plan

What are the Essential Components for Writing the Financial Section of the Business Plan?

It includes the details of your anticipated business financial resources such as assets, liabilities, and equity. Balance Sheet

This part gives you estimate of the amount that will be coming in through the business sales and the anticipated amount of expenses that is required to run business operations smoothly. Analysis of the Cash Flow

This is also known as the income statement in business terms. It is the report which lists the anticipated revenue and the expenditure. Profit and Loss Analysis

This is the part which tells information about the incurred expenses for operating the business activities. Operating budget

It is the projection required to cover all the variables and fixed expenses. It also projects the specific circumstances under which the business can expect profit. Break-Even Analysis

us: Our Website:

Thank You