Essay About Income Statement And Pag-Ibig P150

Guidelines in Financial Aspect of Feasib
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GUIDELINES IN FINANCIAL  ASPECT OF FEASIBILITY STUDIESYou must have a more or less a comprehensive list of assumptions, examplesSales is projected to increase by 5% yearlyRent is to increase by P 500 annuallyPayroll and payroll costsIf the owners/partners have to work in the business, you must provide themselves with salaries. Salaries must be presented in your income statement at gross not net. SSS ,  Philhealth ,and  Pab-ibig premiums are deductions of their salaries but are not business expenses. The business contributions to the account of its employees/owners are expenses and must appear in your income statement. Together with withholding taxes and business income taxes, it will be part of your current liabilities since you will remit them on or before the 15th following the quarter of deductions. Current figures for these are: Employees Contributions, Pag-ibig P150 per head per month, Philhealth, P200 per head per month, for this purpose, SSS, 2% of the gross quarterly compensation, withholding taxes will be 10% of quarterly compensation after deducting the compulsary deductions by government agencies.Employers contributions: Pag-ibig, P150 per head per month, Philhealth, P200 per head per month, SSS 3% of qarterly gross compensation.Any withdrawals as agreed by the owners should be part of your assumptions.Every figure in your financial statement must be supported by either your assumptions or schedules.Segregate the listings of your equipment, machineries, tools, supplies and other assets so you can provide depreciation on appropriate assets. Provide schedules for each item. To minimize depreciation schedules, you may assumption that assets with an acquisition cost of so much, say P1000 per unit will be treated as an outright expense but it must be learly stated in your assumptions.Start-up capital must be on its minimum, do not annualize stocks, supplies, ingredients, etc.The least amount or volume will be more appropriate.Your cash flow statement should start with the operational results. Add the items deducted in your income statement that do not require cash outlay and deduct items  such  as assets of permanent in nature purchased and add the investment to be able to get the net cash at the end of the period. Your ending cash balance will be your beginning on the next period.Study the proper format, presentation of Income Statement, Balance Sheet and Cash Flow to avoid repetitive corrections and thus printing expenses on your part.Limit your financial ratios to not more than 8. Choose what are the most necessary. Income taxes payable is 30% for partnership and corporation. Do not provide income tax for sole proprietorship. Retained Earnings are for corporation only.Non-compliance will mean either an incomplete rating or failure. We will make comments only once, not on series of corrections.Before final defense, everything must have been edited by the following, English critic, Technical Editor and Financial Analyst, so you must to present to them the manuscript at least one week before the scheduled date. It will be corrected only once. Present the final copy together with the list of corrections to your adviser, With this we can minimize the number of people sitting on the panel.                      THE   BEST STUDENTS ARE THOSE WHO KNOW HOW TO FOLLOW INSTRUCTIONS