MANAGEMENT

Detailed explanation-1: -The financial section of the executive summary should include the projected income and cash generated during the first three years (or next three years) of your business.

Detailed explanation-2: -The financial section is composed of four financial statements: the income statement, the cash flow projection, the balance sheet, and the statement of shareholders’ equity. It also should include a brief explanation and analysis of these four statements.

Detailed explanation-3: -An operating budget is a detailed projection of what a company expects its revenue and expenses will be over a period of time.

Detailed explanation-4: -Income Statement The Income (Profit and Loss) Statement, commonly referred to as the P&L statement, summarizes the revenue and expenses for a specific time period (one month, one quarter, one year, etc.) The Projected Income Statement is a snapshot of your forecasted sales, cost of sales, and expenses.