Financial Statements

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.

๐”๐ง๐ž๐š๐ซ๐ง๐ž๐ ๐‘๐ž๐ฏ๐ž๐ง๐ฎ๐ž: ๐–๐ก๐ž๐ง ๐ˆ๐ญ ๐๐ž๐œ๐จ๐ฆ๐ž ๐„๐š๐ซ๐ง๐ž๐? The questions like what is unearned revenue? How to calculate it and recognize it? When is โ€ฆ

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

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

Working Capital is the leftover amount after paying operating expenses whereas the Current Ratio determines the efficiency of current assets over current liabilities.ย 

Cash Flow Statement Template

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

Cash Flow Statement template by Accounting Drive
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