Balance Sheet is a listing of assets, liabilities, and equity as of a certain date. The Balance Sheet is one of the two most important financial statements. The other important financial statement is the Income Statement. Cash Flow Forecast is a month by month projection of all expected cash receipts and cash expenditures for a company. The difference between expected cash receipts and expected cash expenditures is referred to as net cash flow.
Managers prepare a cash flow forecast to anticipate cash balances in the future.
Cash Flow Statements are reports of the cash inflows and outflows for a particular period of time. In many instances, these cash flows are grouped into 3 categories, cash from operations, cash from investing activities, and cash from financing activities. Debt is an amount owed as of a certain date. It's defined as total assets minus total liabilities. Expenses are the costs of doing business.