Table of Contents
- Statement Template Bundle
- 11+ Business Financial Statement Templates in PDF | DOC
- 1. Financial Statement of Business Enterprises
- 2. Annual Report of Business Financial Statement Template
- 3. Agricultural Business Financial Statement
- 4. Business Financial Statement Template
- 5. Financial Statements for Manufacturing Business
- 6. Business Financial Statement
- 7. Business Financial Statement Supporting Schedule
- 8. Disposal Business Financial Statement Template
- 9. Business Financial Information Statement Template
- 10. Business Decision Financial Statement Template
- 11. Small Business Financial Income Statement Template
- 12. Business School Financial Statement Analysis
- How Will You Prepare a Business Financial Statement?
- What is the Main Function of a Business Financial Statement?
- What are the Main Elements of a Business Financial Statement?
11+ Business Financial Statement Templates in PDF | DOC
A business financial statement is that document that shows the source of the company’s revenue, their expenditures, assets of the company, the liabilities it has and the method of management of cash flow. The statement also plays an active part in the planning process, especially if there is a product launch. You can check out these statement templates that are provided here for further information.
Statement Template Bundle
11+ Business Financial Statement Templates in PDF | DOC
1. Financial Statement of Business Enterprises
fasb.org2. Annual Report of Business Financial Statement Template
relx.com3. Agricultural Business Financial Statement
farmbiztrainer.com4. Business Financial Statement Template
nvcontractorsboard.com5. Financial Statements for Manufacturing Business
microbuspub.com6. Business Financial Statement
dob.texas.gov7. Business Financial Statement Supporting Schedule
teutopolisstatebank.com8. Disposal Business Financial Statement Template
nestle.com9. Business Financial Information Statement Template
dor.wa.gov10. Business Decision Financial Statement Template
gloria-solution-manual.com11. Small Business Financial Income Statement Template
hrsbdc.org12. Business School Financial Statement Analysis
bschool.nus.edu.sgHow Will You Prepare a Business Financial Statement?
Step 1:The Development of the Balance Sheet
- Determination of the Assets: This step includes the determination of all the entities that you own. This may include the cash you in hand. Usually, assets are divided into fixed and current assets. Under the current assets, you have the on-hand cash that can be liquidated easily. Whereas under fixed assets come property, plants, and equipment that are not liquifiable easily. You also have intangible assets that include patents, copyrights, etc.
- Determination of the Liabilities: This includes the entities that the business owes or has paid to others including employees. These are also categorized into the current and long-term. In the case of current liabilities comes the credit cards. In the case of long-terms includes loans, bonds, etc.
- Calculating the balance by subtracting the liabilities from the assets. This will be your balance.
- Section of the shareholder’s equity includes the portions of the entities that the shareholders have in the business.
Step 2: Developing Income Statement
- Net Sales of the Company for calculating the Profit: The first thing that you need to mention is the sales that have been made for a particular period. This will enable you to calculate the profit that your business has made.
- The next is the calculation of the gross profit. This you get by subtracting the net sales from the cost of the products or goods.
- Operation Expenses of the Company: Certain expenses are related to the operations of the company. This includes advertisements, administrative costs, utility expenses, rent, etc. Subtract the operation cost from the gross profit to get the operating income.
- The Non-operational Expenses: These may include taxation, amortization, interest that are not directly related to the operational expenses.
- Preparing the Income Statement by listing everything in a line in the order as mentioned.
Step 3: Development of the Cashflow Statement
Cashflow determines the cash you have on-hand. For the calculation of the cash flow, you need to have the income statement. The division of the cashflow is made into three categories.
- Cashflow received from the Operational Activities: This includes the cash amount that operational activities have brought. Remove the indirect or non-cash items such as amortization and depreciation.
- Cashflow received from the Investing Activities: This may include the money that you included or invested in equipment, stock market, etc.
- Cashflow received from the Financial Activities: This included the money that has been used for financing the business such as loans, dividends, etc.
- Design the Cashflow statement starting with the income statement on the top and then going down in line following the mentioned order.
What is the Main Function of a Business Financial Statement?
The main objective of developing a statement like this is to make the account of the sources from which the company is receiving the revenue, the assets that are owned by the company, the liabilities that the company is yet to pay or paid for the time period, and total system of managing the cash flow in the company. This is prepared to keep the financial condition of the company under check.
The main focus of this statement is to attract potential investors. The better the data in the statement the more investors will get attracted in search of making a profit.
What are the Main Elements of a Business Financial Statement?
- Assets of the Company: These are the entities that bring in money for the organization or the company in the long run.
- Comprehensive Income of the Organization: is the income that the organization receives from the changes in the net assets due to transactions and other sources.
- Distribution to the Owner: This reduces the net assets because of many changes such as transferring the assets, giving-up services, incur the liabilities to their respective owners.
- Equity in Possession: The remaining balance of the asset that is left after the liabilities are deducted.
- Company’s Expenses: Includes everything for which the company has to give out money.
- The gain of the Organization: The profit that is received from the sales made.
- Investments: Increase in the number of stockholders or transferring entities (equity) from outside to your organization.
- Liabilities of the Company: Are the debts or loans. They may be paid or yet to be paid.
- Losses Involved: Due to certain changes in the equity due to transactions, other events or circumstances except for those from the distribution to owners and expenses.
- Revenue of the Company: The sales made of the money that came in a given period due to sales made by selling products or goods.
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