A managerial accounting report that presents predicted amounts of the company's revenues and expenses for the budget period is called a: Budgeted income statement.
A budget income statement (sometimes called a budget income statement) is a document that helps you estimate and evaluate your company's income and expenses. This is the planning tool that many companies create at the beginning of the year when they create and finalize their annual budget.
A budget income statement lists estimated income, expenses, and profits for a specific period. Also known as Profit and Loss Forecast, this financial report is based on projections rather than historical data. In general, the company's past financial results and next year's budget are taken into account.
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