Pro Forma Budget | Get Solution Now

I will upload two attachments. One is about the general idea of this business idea (new energy electric vehicles), and the other is about the slides of the consolidated balance sheet, statement of cash flows, and income statement in this chapter of the requirements. According to the requirements, three forms are required, balance sheet, statement of cash flows, and income statement. You need to fill in the specific figures for the one-year form and explain why this forecast is behind. Chapter 8 discusses the process of financial management and its importance for forecasting, which is critical for the entrepreneur contemplating a start-up. The ability to demonstrate a firm grasp of the finances underlying a new endeavour shows prospective investors that the entrepreneur understands his or her financial needs and holds a realistic view of revenues. For the entrepreneur, the pro forma financial statements provide a path to follow in preparing the start-up and operating during its initial period. Prepare the pro forma financial statements. Based on your best understanding at this point, you will prepare a consolidated balance sheet, statement of cash flows, and income statement for the first year. Explain your pro forma statements in an accompanying document. Along with these pro forma financial statements, you will prepare an explanation discussing how you arrived at the various figures. Grade Standard a. Analysis of the capital and cash need that the new venture will require for its first year.    /20 b. Prepare a pro forma balance sheet describing the financial position of the organization at the end of the year.    /15 c. Prepare a pro forma statement of cash flow for the first year.    /15 d. Prepare a pro forma income statement for the first year.    /15 e. Describe how the figures in the pro forma financial statements were derived and why you think that they are accurate.    /20 f. Demonstrate good organization, including a strong introduction and conclusion    /15

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