Before you can begin forecasting your own financial statements you must collect and develop various pieces of information. This information will be organized into Financial Budgets (14 budgets in all). This section will assist you in developing the Budgets required for creating your forecasted financial statements. By going through this process, you will gain more knowledge & confidence in your proposed business endeavor and save a great deal of time as well. Below lists the fourteen (14) Financial Budgets you'll need to complete in order to create your Forecasted Financial Statements.
 

        Budget 1     Determining Your Selling Price & Product Cost (per unit)
        Budget 2     Developing Your Sales Budget
        Budget 3     Developing Your Purchase Budget
        Budget 4     Developing Your Direct Manufacturing Labor Budget
        Budget 5     Developing Your Manufacturing Factory Overhead Budget
        Budget 6     Developing Your Ending Inventory Budget
        Budget 7     Developing Your Cost of Goods Sold Budget
        Budget 8     Developing Your Fixed Asset Budget
        Budget 9     Developing Your Operating Expenses Budget
        Budget 10   Developing Your Drawings or Dividend Budget
        Budget 11   Determining All Cash Investments Into Your Company
        Budget 12   Developing Your Opening Balance Sheet
        Budget 13   Developing Your Interest Expense Budget
        Budget 14   Developing Your Income Tax Rate and Budget
 

After the above Financial Budgets have been developed, you will use them to create your own Forecasted Cash Flow Statement, Income Statement, Balance Sheet, Break-even Point, Sensitivity Analysis, Ratio Analysis, and Notes to the Forecasted Financial Statements.