A pro-forma forecast is based on income statements, balance sheet and statement of cash flow. Pro-forma projections do not typically follow Generally Accepted Accounting Principles (GAAP). There are ...

Entrepreneurs usually create pro forma statements to project future financial returns from new business ventures. Pro forma statements are commonly included in the entrepreneur's business plan. These ...

Discover the crucial differences between pro forma and GAAP financial statements. Learn why companies use both and the ...

While historical financial statements are built on facts, pro forma statements are a result of assumptions. A company's protected financial status is used to paint a picture of what the financial ...

Pro forma financial statements may be required in a securities offering where an acquisition or disposition has occurred or is probable within a certain period of the offering. In a Rule 144A offering ...