In this chapter, we have seen the importance of fixed asset and debt schedules. We have illustrated how they affect balance sheets, profit and loss accounts, and cash flow statements. We have learned about the base and corkscrew methods, as well as complex and simple approaches to preparing fixed assets, depreciation, and debt schedules.
In the next chapter, we will perform our final calculations and prepare the cash flows in order to arrive at the accurate statement, which should cause our balance sheets to balance and conclude the 3-statement model.
