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Small Business Management Education Academic & Student Affairs- Office of the Chancellor SBM Proforma Financial Statements Course Information Administrative Data Course Title — SBM Proforma Financial

How to fill out proforma income statement

How to fill out a proforma income statement:

1. Start by gathering all the necessary financial information for the statement, including revenue and expense data for a specific period.
2. Begin with the heading section, which usually includes the company's name, the title "Proforma Income Statement," and the statement's date.
3. List your revenue sources in the revenue section, such as sales, service fees, or interest income. Include the amounts for each source.
4. Deduct any sales returns or allowances from the total revenue to calculate the net revenue for the period.
5. Move on to the expense section and list all the expenses incurred during the specified period, such as cost of goods sold, salaries, rent, utilities, and marketing expenses. Include the amounts for each expense.
6. Calculate the total expenses by summing all the individual expenses.
7. Subtract the total expenses from the net revenue to find the net income before taxes.
8. Consider any other income or expenses that are not part of the regular operations of the business, such as gains or losses from investments or one-time expenses. Include these in a separate section.
9. Calculate the total of these other income or expenses and adjust the net income before taxes accordingly.
10. Deduct the appropriate taxes, if applicable, from the adjusted net income before taxes to arrive at the net income after taxes.
11. Conclude the proforma income statement with a final net income amount, usually labeled "Net Income" or "Net Profit."
12. Include any additional notes or disclosures that are important for a thorough understanding of the statement.
13. Review the proforma income statement for accuracy and make any necessary adjustments before finalizing it.

Who needs a proforma income statement:

1. Small business owners: Proforma income statements can help small business owners project their future financial performance, aiding in budgeting, decision making, and securing loans or investments.
2. Startups: Start-up businesses often use proforma income statements when seeking funding or attracting investors, as they provide a projected financial overview of the business's expected performance.
3. Investors: Investors use proforma income statements to assess the financial viability of a business and make informed decisions regarding potential investments.
4. Financial analysts: Financial analysts utilize proforma income statements to evaluate a company's financial health, analyze trends, and make recommendations regarding investment opportunities.
5. Management teams: Proforma income statements help management teams assess the financial impact of potential business decisions, monitor performance, and set realistic goals for future growth.

Instructions and Help about proforma income statement

All right let's do a proforma, so I'm gonna start with the income statement and that means I'm just going to go down here to income statement with my wired sheets, and I'm going to move or copy it create a copy income statement to we will call this pro forma income statement all right there we go and that means we're going to go ahead and do a Preform for 2015 so 15 pro forma okay I probably don't even be quite that big um alright, so I'm gonna start here on total revenues I don't you know if we cared a lot about this other piece we could, but we can just do it here and then break it out as person to sales if we want, and so I mean in your book if you're in my class you know they like to do trend, so you can put in your known Y's and then known X's and stuff like that, and it'll do a simple regression and try and guess what the revenue is I tend to think that's not the best way to go about doing things because simple regressions or missing pieces especially simple regressions on five data pieces are not the safest thing the world, so I'm fed up instead I'm going to go to the Yahoo Finance here Yahoo Finance is a great resource there are lots of things rough start to the year by the way, but I'm just going to go to YUM there are people paid money to pay attention to yum and its industry and know all about fast food, so I'm going to use their estimates instead um, so I'm going to go down here to analysts estimates, and they will tell me what they think revenues are going to be so current year December 15 and then when we want to do the 16 Preform will be able to do that as well but thirteen point one nine billion is the estimate that sounds good thirteen one ninety, so there's our estimate and then the rest of it we can do on a percent of sales basis okay and so you know if we want to break this out then company sales rather than franchise fees son of this we can just do equals amber oh sorry you are our revenue estimate here times average of the percent of sales and there's several years ago by doing this is just the way I'm going to do it, but I just take this divided by total sales comma this total sales comma this divided by total sales comma total sales tame this divided by total sales of that year and so you end up with something looks like this now it's going to estimate that you're going to see sales are slightly lower, and they end up being basically the same last year at this level because this was higher than that all these fun things, so it's its an estimate based on percent of average percent of sales over the last five years for that thing now happens when we drag this down we're going to keep this floating because then we're going to want instead of this being the numerator and the next one we're going to want this to be the numerator and instead of this being the numerator etc although in this case maybe for this one we just do equals this minus that just to make sure it is these two add up to this and say have to be total revenue...

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What is proforma income statement?

A proforma income statement is a financial document that outlines the expected financial performance of a business based on certain assumptions and hypothetical scenarios.

Who is required to file proforma income statement?

Businesses, investors, and analysts may choose to create and use proforma income statements to assist in financial forecasting and decision-making.

How to fill out proforma income statement?

To fill out a proforma income statement, one must make educated estimates and assumptions about future revenues, expenses, and other financial factors that may impact the business.

What is the purpose of proforma income statement?

The purpose of a proforma income statement is to provide a snapshot of potential financial performance under specific conditions, helping stakeholders make informed decisions.

What information must be reported on proforma income statement?

A proforma income statement typically includes projected revenues, expenses, profits, and cash flows based on assumptions and expectations.