Hello sir
This query is : Resolved
09 May 2013
tell me the most important things should be keep in mind while preparing CMA data.
Ankur Garg
(Expert)
09 May 2013
To prepare CMA Data, one must have at least basic knowledge of accounts and analytical skills and most important, must be able to think from the point of view of the bank.
First you should put the audited (or provisional, as the case may be), in the format. Then you have to do the projections for the current year (say, the year ending 31.03.2013), as per the so-far performance of the business organization. Then, if your bankers require, you have to do projections for the next year (e.g. 31.03.2014), taking into account the performance of the past years.
CMA Data (for bank loan purposes) is actually a financial statement, which decides your eligibility of borrowing. Format will be available with your concerned bankers or you can search on Google.
I hope the above reply would be of some help.
First you should put the audited (or provisional, as the case may be), in the format. Then you have to do the projections for the current year (say, the year ending 31.03.2013), as per the so-far performance of the business organization. Then, if your bankers require, you have to do projections for the next year (e.g. 31.03.2014), taking into account the performance of the past years.
CMA Data (for bank loan purposes) is actually a financial statement, which decides your eligibility of borrowing. Format will be available with your concerned bankers or you can search on Google.
I hope the above reply would be of some help.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Nursery business
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
