The projected income statement indicates the expected profitability of the business over the budget period. It is drawn up for a time period in the future, e.g., the following 12 months, and can only be prepared after the current year's income statement | Accounting concepts

Title

The projected income statement indicates the expected profitability of the business over the budget period. It is drawn up for a time period in the future, e.g., the following 12 months, and can only be prepared after the current year's income statement

%title

The projected income statement indicates the expected profitability of the business over the budget period. It is drawn up for a time period in the future, e.g., the following 12 months, and can only be prepared after the current year's income statement has been drawn up. Management then compares actual figures with projected figures.

Subject: 

  • Accounting

Category: 

  • Accounting concepts
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Exam practice is essential. Make sure your student has access to practice exam papers for the subjects they take. Make sure the exam papers relate to the correct version of the curriculum.

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Studying should be active. Your child should be making notes, working through examples, doing practice exam papers and testing herself on the sections she is studying.

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Formulae sheets or key concept sheets are useful for quick revision. Get your teenager to stick them on the wall in their room. The more they look at the formulae and key concepts, the more likely...

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