Découvrez votre prochain livre préféré

Devenez membre aujourd'hui et lisez gratuitement pendant 30 jours
Textbook of Urgent Care Management: Chapter 12, Pro Forma Financial Statements

Textbook of Urgent Care Management: Chapter 12, Pro Forma Financial Statements

Lire l'aperçu

Textbook of Urgent Care Management: Chapter 12, Pro Forma Financial Statements

Longueur:
38 pages
28 minutes
Éditeur:
Sortie:
Mar 15, 2014
ISBN:
9781940288369
Format:
Livre

Description

The Textbook of Urgent Care Management is now offering individual chapters for sale. The full book, provides an expert business consulting guide to potential or existing urgent care clinic owners, managers & operators as well as investors. Learn how to more effectively run your immediate care or walk-in center as well as start incorporating urgent care services into your existing primary care practice. The chapters cover valuable information from industry experts on how to start, manage, and even sell your urgent care center.

Chapter 12 includes:

Accounting Methods: Cash Versus Accrual

Income Statement
- Revenue
- Expenses

Balance Sheet
- Assets
- Liabilities
- Equity

Cash-flow Statement
Éditeur:
Sortie:
Mar 15, 2014
ISBN:
9781940288369
Format:
Livre

À propos de l'auteur

Glenn Dean was commissioned as an Armor officer through the Army ROTC program at the Florida Institute of Technology with a degree in Aerospace Engineering. He was subsequently assigned to operational Armor and Cavalry assignments in the 24th Infantry Division, 3rd Infantry Division, and the 1st Cavalry Division, as well as a tour in Recruiting Command. After completing graduate work in Industrial & Systems Engineering at the Georgia Institute of Technology, he transitioned to the Army Acquisition career field. He currently works in weapons systems development and has worked in combat development, program management, and technology development in the fields of small arms, medium caliber cannons, ammunition, and combat vehicles.

Lié à Textbook of Urgent Care Management

Livres associé
Articles associés

Catégories liées

Aperçu du livre

Textbook of Urgent Care Management - Glenn Dean

CHAPTER 12

Pro Forma Financial Statements:

Creating Income, Balance Sheet, and Cash-Flow Forecasts

Glenn Dean

from

CHAPTER 12

Pro Forma Financial Statements: Creating Income, Balance Sheet, and Cash-Flow Forecasts

Glenn Dean

PRO FORMA FINANCIAL STATEMENTS are management’s representation of the expected future results of company operations. The statements detail the cost structure, staffing requirements, revenue growth, and predicted cash flows, revealing the capital requirements of operating the business. Preparation of an income statement, balance sheet, and cash-flow statement are necessary for new businesses seeking capital investment through a bank loan or issuance of equity or for existing businesses undergoing a change in their capital structure. More importantly, however, the pro forma financial statements become the benchmark against which financial results are measured. Analyzing the variances between actual results and the pro forma statements yields essential information for making timely managerial decisions.

ACCOUNTING METHODS: CASH VERSUS ACCRUAL

Most start-up businesses use cash-basis accounting. It is simple to administer and easy to understand; it is basically a checkbook register. Revenue is recorded when cash is received, and expenses are recognized when cash is paid. Cash-basis accounting is a common method for managing cash in the business when resources are scarce and bank balances are closely monitored; however, it is problematic to rely on the information to make timely operational decisions. There are significant differences between the time revenue is earned and when cash is received. Similarly, payment of invoices typically happens up to 30 days after the expense is incurred. The combination of these timing differences yields reports that are inaccurate and misleading. Relying on cash-basis reporting to make operational decisions means using inaccurate historical trends to forecast future results.

Accrual accounting records financial transactions as they happen. Income is recorded when it is earned, and expenses are recognized when they are incurred. This matching principle permits a more accurate assessment of profitability and operational performance and yields the information necessary for important managerial

Vous avez atteint la fin de cet aperçu. Inscrivez-vous pour en savoir plus !
Page 1 sur 1

Avis

Ce que les gens pensent de Textbook of Urgent Care Management

0
0 évaluations / 0 Avis
Qu'avez-vous pensé ?
Évaluation : 0 sur 5 étoiles

Avis des lecteurs