04 Financial Statements
In our course, we will work on the simpler ‘horizontal’ version of each financial statement.
Balance Sheet¶
| Liabilities | Amount | Asset | Amount |
|---|---|---|---|
Types¶
| Contains | |
|---|---|
| Standalone | Company |
| Consolidated | Company, |
Cashflow Statement¶
| Particular | Inflow | Outflow |
|---|---|---|
| Opening Balance | $120,000 | |
| Operating Activities | ||
| Sales | $400,000 | |
| Supplies | $9,000 | |
| Rent | $60,000 | |
| Salaries | $330,000 | |
| Investing Activities | ||
| Additional Equipment | $55,000 | |
| Financing Activities | ||
| 0 | ||
| Total Inflow | $400,000 | |
| Total Outflow | $454,000 | |
| Net Cashflow | -$54,000 | |
| Closing Balance | $66,000 |
Profit/Loss Statement¶
Also called as comprehensive Income Statement
| Amount | |
|---|---|
| Sales | |
| Cost of Goods Sold | |
| Gross Margin | XXX |
| - Operational Costs (Office & Selling Expenses) | |
| Operating Profits | XXX |
| + Non-Operating Income | |
| + Non-Operating Losses | |
| EBIT (Earnings before Interests and Tax) | XXX |
| - Interest | |
| - Other financing costs | |
| PBT (Profit before Tax) | XXX |
| Provision for Tax | |
| PAT (Profit after Tax)/Net Margin | XXX |
You only include the expenses used for the revenue generation.
Change in Equity Statement¶
Notes¶
Explanation notes of system you followed to obtain the above statements