Forecasting of

Income Statement
August 6, 2018
 Forecasting of Income Statement

• Profit and loss forecast

• Three main statement for business financials
• Shows a business financial performance over
an accounting period
 Why is it important?
• To identify whether the business made a profit
• Use by suppliers to decide
• Bank managers use to utilize
• Use by the investors to decide
• Income statement forecast
is use to make decisions
about the business.