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WebApr 13, 2024 · Use historical data and assumptions. One way to make your cash budget more realistic is to use historical data from similar projects or your own business operations as a reference point. You can ... WebDec 7, 2024 · 1. Determine the Starting Balance. The first step in preparing a cash flow statement is determining the starting balance of cash and cash equivalents at the beginning of the reporting period. This value can be found on the income statement of the same accounting period. The starting cash balance is necessary when leveraging the indirect … WebJan 11, 2024 · the s y stematic use of ratio to interpret the financial statements so that the strengths and . ... This method is the most commonly used in the world pra ctices of financial analysis because of . dr brian heatherton springfield il