Fact checked by Ariel Courage Reviewed by Somer Anderson The cash flow statement and the income statement are integral parts ...

Cash-Flow Statement The cash-flow statement is designed to convert the accrual basis of accounting used to prepare the income statement and balance sheet back to a cash basis. This may sound ...

As for the process, you need to prepare the income statement budgets first, then balance sheet, then cash flow. You'll need to know the net income figure before you can prepare a pro forma balance ...