What is a pro forma financial statement?

Answer Pro forma financial statements are future projections made by management based on different variables. The variables chosen are dependent on how management either sees the future or wishes the futu... Read More »

Top Q&A For: What is a pro forma financial statement

What does a pro forma income statement look like?

Businesses project future income and company growth using a tool known as a pro forma income statement. While there is no standard format for a pro forma income statement, they typically include de... Read More »

Definition of a Pro Forma Statement?

Business owners and business managers are often required to produce pro forma statements. Standard financial statements communicate historical financial results. Pro forma statements communicate e... Read More »

How to Make a Pro Forma Income Statement?

When you think of a pro forma income statement, think of it as a "what if?" What if the company's sales grow by 10%? What if business expenses can be reduced 5%? Pro forma income statements are pro... Read More »

How to Calculate Pro Forma Financial Statements?

Financial forecasting is just one of many tasks that falls under an accountant's duties. Pro forma financial statements are an estimate of a company's financial information for a future time period... Read More »