Academics > Accounting and Business Department

About budgeted financial statements

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aDiDas:
meron bang tinatawag na budgeted balance sheet? yung mga 3 year budget.

o para lang sa income statement?

llj:
Yes there is a budgeted balance sheet pre....... below is the technical definition

Schedule for expected assets, liabilities, and stockholders' equity. It projects a company's financial position as of the end of the budgeting year. Reasons for preparing a budgeted balance sheet follow: (1) discloses unfavorable financial condition that management may want to avoid; (2) serves as a final check on the mathematical accuracy of all other budgets; and (3) highlights future resources and obligations.

As mentioned above, it projects a company's financial position as of the end of the budgeting year.  Example of this is if the company is planning to expand their operation, certain equipment, land or building should be acquired, the balance sheet will show if the company's cash flow from operation will be sufficient enough to finance the expansion or should the owners or stakeholders need to obtain some loan from third party or if need to induce more capital.

aDiDas:
ok thanks, un nga din ang alam ko siguro isa it sa pagkakaiba ng swedish system of accounting. minali yung case ko lol IS lang daw may budget. karma sau brad

whizkid478:
ah okay palang tong site na to dami mo matutunan.

shakiralala:
Check yan!informative nga ang site na eto!  :) :) :)

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