Financial Statements


You know you can prepare your income statement in just a click. In AD’s income statement template, you just have to put your figures and you will get your income statement in a minute.

Current ratio featured image

The current ratio of a company identifies the ability of a company to pay its short-term financial obligations.

how to prepare an income statement

Preparing an income statement requires 8 steps: Calculate Net Sales, Calculate COGS, Calculate Gross Profit, Calculate Operating Expenses, Calculate Operating Income, Calculate EBIT, Calculate EBT and Calculate Net Income.

account receivable turnover ratio formula
Unearned revenue: When it become earned?

𝐔𝐧𝐞𝐚𝐫𝐧𝐞𝐝 𝐑𝐞𝐯𝐞𝐧𝐮𝐞: 𝐖𝐡𝐞𝐧 𝐈𝐭 𝐁𝐞𝐜𝐨𝐦𝐞 𝐄𝐚𝐫𝐧𝐞𝐝? The questions like what is unearned revenue? How to calculate it and recognize it? When is …

𝐈𝐬 𝐏𝐞𝐭𝐭𝐲 𝐂𝐚𝐬𝐡 𝐀𝐧 𝐄𝐱𝐩𝐞𝐧𝐬𝐞 𝐎𝐫 𝐀𝐬𝐬𝐞𝐭 𝐀𝐜𝐜𝐨𝐮𝐧𝐭
methods of preparing cash budget

Three methods of preparing Cash Budget: 1.Receipt and payment method 2.Adjusted profit & loss method/Cash Flow Method 3.Balance Sheet Method.

Cash Budget

Four easy steps to prepare cash budget: Define the period, Decide the desired cash position, estimate cash inflows outflows.

𝐀𝐧𝐚𝐥𝐲𝐳𝐞 𝐘𝐨𝐮𝐫 𝐋𝐢𝐪𝐮𝐢𝐝𝐢𝐭𝐲
prepare cash flow statement

Cash Flow Statement helps to track cash inflow and outflow. CFS has three main parts: operating, investing, and financing activities.

Cash Flow Statement Template

Get Free Access to AD’s easy to use Cash Flow Statement Template 

Cash Flow Statement template by Accounting Drive