Income Statement Proforma Pdf

It plays a vital role in the planning process which can help to minimize the risk associated to undertaking a new project.

Income statement proforma pdf. However since this document is not necessarily in final form shipping costs taxes and other details may be subject to change. Boc hong s in come statement includes all of the major items in the list above except for discontin ued operations. An income statement is just one of the many documents included in a financial statement which also includes other financial reports like the balance sheet and cash flow statement also called the profit and loss statement the income statement focuses on the revenue and losses of the company basically providing the company an overall view of their gains and. Cost of sales selling general and administrative expense sg a.

It is also known as profit and loss account revenue statements earning statements and operating statements. Pro forma income statement template pro forma income statement template microsoft excel what is an income statement. Hence income statements are formulated in order to track the cash flow and create decisive plans for the progress of a business. When used in the context of a business plan it represents financial forecasts based on.

Profit is the combination of all revenue and losses and is described as. It can be used as a basis for comparison and analysis under certain conditions. Pro forma income statement also known as pro forma profit and loss means how the adjusted income statement will look like when certain assumptions like non recurring items restructuring costs etc were excluded or if a loss making unit is discontinued. 2 1 1 income statement all inputs are marked with the symbol.

A pro forma income statement is just an income statement under certain assumptions with projections. This should ideally be done before year s end. The template requires inputs from the income statement and balance sheet from the past 5 years. The purpose of income statements.

In arriving at net income the statement presents the following subtotals. Chapter 4 income statement and related information 4 3 illustration illustration 4 2 presents an income statement for boc hong company. A proforma invoice template is a preliminary record of sale that serves as a stand in until transaction details are finalized. Revenues sales cost and expenses.

It details the amount of money made and spent within a certain period. Sit down with an income statement from the current year. Keep in mind that an income statement is only part of a company s financial statement. A company s income statement is one of its most important financial documents.

To create a pro forma income statement work from your current income statement and try to predict the future changes. Gallery of 40 pro forma income statement example. The fields that are automatically calculated as shown in bold below.