How much cash will our customers owe us? We've looked at how to prepare proforma profit and loss (income) statements and how to generate cash flow forecasts from these. Once we have the cash flows, it ...

The document produced is known as a balance sheet and represents a freeze frame of what the business owns and owes at a particular moment in time. In the UK the classic format of the balance sheet is ...

off-balance sheet items are not transparent. Under the equity method, the investment is recorded at cost and is subsequently adjusted to reflect the share of net profit or loss and dividends received.