identifies the projected expenses and the assets they will create for a specified time period. Among the expenses listed are those for rent, insurance, telephone, and inventory.
Some requirements for a SBA loan would include: the company would have to provide the bank with a description of the type of business, the purpose of the loan, personal financial statements, business financial statements, &the loan request.
If I remember this correctly these are Statement of Cash Flows Income Statement Statement of Retained Earnings Balance Sheet
A mission statement states the aims and purpose of a business.
A financial plan typically has a projected financial statement that is your balance sheet, income statement and cash flow statement. It typically states how much money you will make in the future, how much money will be coming in, how much will be going out, how much you owe to whom and how much you own. Besides these, it also states how much money you require to start or grow your business and for what purpose.
Mission statement is explaining the purpose of the business
Financial position of the company
It would be the company's vision statement.
PURPOSE and notes on statement of affairs and samples for a new business
The statement of net assets displays information about the government as a whole, reports all financial and capital resources, and assists the financial statement user
to state the reason for the existence of a business
The purpose of accounting is provide information to the users like investors ,financial institutions and to other clients. The four basic financial statements are balance sheet,income statement,cash flow,statement of retained earning.
To keep record of the financial transactions of a business. that is all now go away