As you near completion of your business plan, it is time for the $$Pro Forma Financial Statements$$ that communicate your company$$s performance over a specified period of time. So$,$ how do we define Pro Forma Financial Statements? Pro Forma Financial Statements are financial statements forecasted for future periods. They are also described as a financial forecast or financial projection. A $$Sources and Uses of Funds$$ statement indicates the financial sources necessary to start up your business and how you plan to use these resources for your business growth expectations for the first three years. The focus is on the future of your company.

Pro Forma Financial Statements for your business consist of:

Income statement

Balance sheet

Cash flow analysis $($Statement of Cash Flow$)$

Sources and uses of funds

Using the financial templates embedded in your business plan template, complete a three$-$year annual projection for each statement.

For your sources and uses of funds statement, list your financial sources where your financing comes from. In the $$uses$$ part of your statement, describe how you will use these funds in starting your business. To simplify the $$uses$$ financial input, list only the major categories.

Scroll down to the bottom of the page and click on add a file, then click submit to upload your assignment by the posted due date. Review the rubric for specific grading criteria.