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  2. How to Create a Financial Projection in Excel - AOL

    www.aol.com/finance/create-financial-projection...

    Open an Excel sheet with your historical sales data. Select data in the two columns with the date and net revenue data. Click on the Data tab and pick "Forecast Sheet."

  3. How Do I Calculate Depreciation For Taxes? - AOL

    www.aol.com/calculate-depreciation-taxes...

    Depreciation impacts a business’s income statements and balance sheets, smoothing the short-term impact large investments in capital assets on the business’s books. Depreciation is also ...

  4. What Is Depreciation? Importance and Calculation Methods ...

    www.aol.com/finance/depreciation-importance...

    Bonus Depreciation: Allows businesses to deduct a significant portion of an asset’s cost in the first year. However, it’s being phased out by 2027 unless Congress decides to amend the tax code.

  5. Balance sheet - Wikipedia

    en.wikipedia.org/wiki/Balance_sheet

    In financial accounting, a balance sheet (also known as statement of financial position or statement of financial condition) is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as government or not ...

  6. Amortization schedule - Wikipedia

    en.wikipedia.org/wiki/Amortization_schedule

    This amortization schedule is based on the following assumptions: First, it should be known that rounding errors occur and, depending on how the lender accumulates these errors, the blended payment (principal plus interest) may vary slightly some months to keep these errors from accumulating; or, the accumulated errors are adjusted for at the end of each year or at the final loan payment.

  7. Depreciation - Wikipedia

    en.wikipedia.org/wiki/Depreciation

    An asset depreciation at 15% per year over 20 years. In accountancy, depreciation is a term that refers to two aspects of the same concept: first, an actual reduction in the fair value of an asset, such as the decrease in value of factory equipment each year as it is used and wears, and second, the allocation in accounting statements of the original cost of the assets to periods in which the ...

  8. Financial statement - Wikipedia

    en.wikipedia.org/wiki/Financial_statement

    "The objective of financial statements is to provide information about the financial position, performance and changes in financial position of an enterprise that is useful to a wide range of users in making economic decisions."

  9. Chart of accounts - Wikipedia

    en.wikipedia.org/wiki/Chart_of_accounts

    A chart of accounts compatible with IFRS and US GAAP includes balance sheet (assets, liabilities and equity) and the profit and loss (revenue, expenses, gains and losses) classifications. If used by a consolidated or combined entity, it also includes separate classifications for intercompany transactions and balances.

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