What are the steps for constructing a financial plan What is a pro forma balance sheet or cash budget How do they differ, and what role do they play in the construction of financial plans ...

The first step is specifying financial goals then the individual needs to identify sources of funds ...

What are the steps for constructing a financial plan? What is a pro forma balance sheet or

Question:

What are the steps for constructing a financial plan? What is a pro forma or cash budget? How do they differ, and what role do they play in the construction of financial plans?

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...