Construct a model for simulating budget income statement(each) quarter),cash flow(each quarter)balance sheet ?
Answer:
Is this for a cost accounting class? What exactly is it you need?
Are you suppose to compare actual to budgetary? I would think that all you would have to do is prepare an income statement, balance sheet, and statement of cash flows and provide formulas that will adjust with each transaction. For example if revenue increases so should retained earnings. Other Questions and Answers: