 | The Financial Plan
Chapter 10 - Learning Objectives
- To understand the role of budgets in preparing pro forma statements.
- To understand why positive profits can still result in a negative cash flow.
- To learn how to prepare monthly pro forma cash flow, income, balance sheet, and sources and uses of funds statements for the first year of operation.
- To explain the application and calculation of the break-even point for the new venture.
- To illustrate the alternative software packages that can be used for preparing financial statements.
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