0
What are the basic benefits and purposes of developing pro forma statements and cash budgets?
Wiki User
∙ 16y ago
The pro-forma financial statements and cash budget enable the firm to determine its future level of asset needs and the associated financing that will be required. Futhermore, one can track actual events against the projections.Bankers and other lenders also use these financial statements as a guide in credit decisions.
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
What is the purpose of creating a budget?
Budgets are financial documents used by households or businesses to plan for their financial futures. They assist people in understanding what bills they have, how much money is left over and where the extra amount goes. Budgets serve many purposes including understanding spending habits, gaining control of the money and developing a savings plan.
What are the types of budgets in a not-for-profit organization?
Budget that works for nonprofit organization and it relates to developing programs and what not.
What information does sales budget provide?
Sales budget provides the information about how many units of products needs to be sold and it is the basic information on which remaining budgets are prepared like production budgets or proforma financial statements.
What is comprised of four functions that provide an overall crossfunctional installation risk management program for developing threat or hazard plans and budgets?
Planning and Management Staff
Who is an internal user of financial statements?
Accounting information is presented to internal users in the form of management accounts, budgets, forecasts andÊfinancial statements. External users are communicated accounting information in the form of financial statements. These users are creditors, tax authorities, investors, etc..
What has the author William Joseph Vatter written?
William Joseph Vatter has written: 'Operating budgets' 'Accounting measurements for financial reports' -- subject(s): Accounting, Financial statements
What conditions would help make a percent of sales forecast almost as accurate as pro forma financial statements and cash budget?
What conditions would help make a percent-of-sales forecast almost as accurate as pro forma financial statements and cash budgets?
How are statistics budgets revenue budgets and operating budgets related?
ask your brain
What at your installation comprises four functions that provide an overall cross functional installation risk management program for developing threat hazard plans and budgets?
planning and management staff
What group is comprised of four functions that provide an overall cross-functional installation risk management program for developing threat hazard plans and budgets?
Planning and Management Staff
What at your installation is comprised of four functions that provide an overall cross-functional installation risk management program for developing threat or hazard plans and budgets?
planning and management staff
All budgets depend on the sales budget?
Yes, all budgets depend on sales budgets because budgets can't exceed the amount of available money. When sales are poor, the budgets will be smaller.
