Provisional and projected finalcial statements

7304 views 4 replies

how to prepare provisional and projected financial statements for bank loan purposes.

Replies (4)

Based on the requirement of Banks the P&L A/c and Balance sheet is prepared as comparatives for 5 years or more...

First you have to prepare the audited P&L and Balance Sheet, by taking the past 2 or 3 years audited figures.

second you have to prepare the provisional P& L and Balance Sheet. Provisional represents the amount incurred till now. For eg: if sales till july is Rs.50 lacs, then your provisional P& L should have sales of Rs.50 lacs. These figures can not be guessed. You have to gather information from management based on all items in recorded in past audited P&L and Balance sheet. You have to record all items of income, expenditure, assets and liabilities as far as possible after enquiring the management.

Lastly projections..

Projections are based on industry trends. Projections varies from one business to another based on many factors like Govt Policies, reputation of the business, trend, market and economic factors etc..

Projections are prepared by making suitable estimations (reasonable increase/decrease) of Income, Expenditure, Assets and Liabilties, but all the items mentioned in audited and provisional should also be reflected in projectons except their is any disposal/ termination.

Iam attaching a proforma of projections which I found in this site itself........

is there any excel worksheet for proprietors and partnership firms to prepare provisional and projected financialstatements

found this in google search

can i get latest updated format for manufacturing company


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics
Loading
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details