Scribd
Upload
49 views

A. Statement of Financial Position (Balance Sheet)

The document provides sample pro-forma financial statements for Aliyah's Imported Chocolate, including a balance sheet, income statement, statement of changes in owner's equity, and statement of cash flows. The balance sheet lists assets, liabilities, and equity as of a point in time. The income statement shows revenues, expenses, and net income over a period of time. The statement of changes in owner's equity outlines the changes in capital over a period. The statement of cash flows reports the cash inflows and outflows from operating, investing, and financing activities over a period.

Uploaded by

Majane Togno
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
49 views

A. Statement of Financial Position (Balance Sheet)

The document provides sample pro-forma financial statements for Aliyah's Imported Chocolate, including a balance sheet, income statement, statement of changes in owner's equity, and statement of cash flows. The balance sheet lists assets, liabilities, and equity as of a point in time. The income statement shows revenues, expenses, and net income over a period of time. The statement of changes in owner's equity outlines the changes in capital over a period. The statement of cash flows reports the cash inflows and outflows from operating, investing, and financing activities over a period.

Uploaded by

Majane Togno
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 5

The objective of financial statements is to provide

information about the financial position, performance, and changes

in financial position of an enterprise that is useful to a wide

range of users in making economic decisions. Financial statements

are important for businesses because these are the means by which

all the transactions that transpired during the entire year are

accumulated and presented in such a way that users can clearly

understand. Financial statements are the entity’s way of

communicating the status of their financial condition, current

year operation, changes in the owner’s equity, and their cash

flows.

For Aliyah’s Imported Chocolate, the following pro-forma

financial statements are prepared.

A. STATEMENT OF FINANCIAL POSITION (BALANCE SHEET)

The Statement of Financial Position lists all the assets,

liabilities and equity of the entity as of a specific date. This

contains real accounts, or accounts which are carried over from

one period to another.


Aliyah's Imported Chocolate
Statement of Financial Position
As of __________, 20__

Assets
Current Assets
Cash P xxx
Accounts Receivable xxx
Allowance for Doubtful Accounts (xx)
Merchandise Inventory, End xxx
Store Supplies xxx
Total Current Assets P xxx

Noncurrent Assets
P xxx

Total Noncurrent Assets P xxx


Total Assets P xxx

Liabilities
Current Liabilities
Accounts Payable P xxx
Notes Payable xxx
Wages Payable (xx)
Utilities Payable xxx
Total Current Liabilities P xxx
Loans Payable P xxx
Noncurrent Liabilities P xxx
Total Liabilities P xxx

Equity
Owner's Equity
Bonto, Capital P xxx
Bonto, Withdrawals xxx
Total Owner's Equity P xxx
Total Liabilities and Owner's Equity P xxx
B. STATEMENT OF OPERATIONS (INCOME STATEMENT)

The Statement of Operations presents the summary of the

revenues and expenses of the entity for a specific period.

Aliyah's Imported Chocolate


Statement of Operations
For the period ended _______, 20xx

Net Sales
Gross Sales P xxx
Sales Returns and Allowances (xx)
Net Sales P xxx
Cost of Sales
Merchandise Inventory, beginning P xxx
Purchases P xxx
Purchase Returns and Allowances (xx)
Purchase Discounts (xx)
Net Purchases P xxx
Transportation In xxx
Net Cost of Purchases xxx
Goods Available for Sale P xxx
Merchandise Inventory, ending (xx)
Cost of Sales (xxx)
Gross Profit P xxx
Operating Expense
Wages Expense P xxx
Supplies Expense xxx
Utilities Expense xxx
Doubtful Accounts Expense xxx
Taxes, Licenses and Fees Expense xxx
Miscellaneous Expense xxx (xxx)
Operating Income P xxx
Other Income xxx
Net Income Before Tax P xxx
Income Tax Expense (xxx)
Net Income After Tax P xxx
C. STATEMENT OF CHANGES IN OWNER’S EQUITY

The Statement of Changes in Owner’s Equity summarizes the

changes in capital such as additional investments, net income or

loss, and withdrawals for the period.

Aliyah's Imported Chocolate


Statement of Changes in Owner's Equity
For the period ended _______, 20xx

Bonto, Owner's Equity, beginning P xxx


Add: Additional Invenstments P xxx
Net Income After Tax xxx xxx
Total P xxx
Less: Withdrawals xxx
Bonto, Owner's Equity, ending P xxx

D. STATEMENT OF CASH FLOWS


The Statement of Cash Flows reports the amount of cash

received and disbursed during the period. It is divided into three

parts based on the source of cash flows, namely: operating,

investing, and financing activities.

Aliyah's Imported Chocolate


Statement of Cash Flows
For the period ended _______, 20xx

Cash Flows from Operating Activities


Cash received from customers P xxx
Payments to suppliers xxx
Payments to employees xxx
Payments for utilities xxx
Payments for transportation xxx
Net cash provided by (used in) operating
activities P xxx
Cash Flows from Investing Activities:
Payments to acquire service vehicle P xxx
Payments to acquire new equipment xxx
Net cash provided by (used in) investing
activities P xxx
Cash Flows from Financing Activities:
Cash received as investments by owner P xxx
Cash received from borrowings xxx
Payments for withdrawals by owner xxx
Net cash provided by (used in) financing
activities P xxx
Net Increase (Decrease) in Cash P xxx
Cash balance at the beginning of the period xxx
Cash balance at the end of the period P xxx

You might also like