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 is a quite straightforward process to ...

The Reserve Bank of India (RBI) has released draft formats for the financial statements of co-operative banks, updating the ...

Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who has been working in the accounting and finance industries for more than 20 years. Her expertise ...

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 ...

Financial statements ... Net profit after taxes. This is the "bottom line" earnings of the business. It's computed by subtracting taxes paid from net income before taxes. Balance Sheet The balance ...

RBI stated today that in terms of Section 29, read with Section 56 of the Banking Regulation Act, 1949, co-operative banks are required to prepare a balance sheet and profit and loss account as on the ...

A balance sheet is a helpful tool for businesses ... such as an income statement, which demonstrates profit or loss, and a cash flow statement that lists how a business spends and received money.