Like weather forecasts, they're helpful for planning, but not guarantees of what will happen—especially if those projections use rosy financial assumptions. Unlike regular financial statements ...

A business uses pro-forma, or projected, financial statements when developing a financial plan. A pro-forma financial statement uses the same format as a current balance sheet, income statement or ...

The income statement provides significant information about the financial and operational health of a business. It provides details about revenue, expenses and profits and the margins associated ...

Understanding financial statements plays a key role in building robust financial models that can impact the potential valuation of your company. The Fast Company Executive Board is a private, fee ...

Income statements, balance sheets and cash flow statements. If you're running a business, you probably have some knowledge of basic financial statements and how to use them. But do you know why ...

Many people get confused about this because the financial projections that you include--profit and loss, balance sheet, and cash flow--look similar to accounting statements your business generates.

I made only two slight adjustments to the P&L statements: breaking out non-cash ... owners and the players split revenue 50-50. The main financial dispute between the two sides is that the players ...