Semester 1 - Week 8 Blog: Income Statement + Cashflow for Creative Cultures:
Cashflow Statement:
Income Statement: 1st Quarter (of the year)
Back in Semester 1, I developed a hypothetical cashflow and income statement for Creative Cultures, to build scenarios of what the financial strategy of our startup could have looked like. I’d set the minimum amount of funding we’d need for our startup to $60,000 NZD. Our Cashflow identified our bottom-line as being in the red for about 3 months, before we’d break-even, as we expect sales to increase exponentially. This was supported by our income statement which showed the amount of customer’s we would acquire over each month of the quarter. In this case the income statement therefor helps validate the cashflow and forecasts our budget for the whole year.















